Pest Control Market Expectation Surges with Rising Demand and Changing Trends

Allied Market Research recently released a comprehensive report titled "Pest Control Market by Type (Chemical, Mechanical, Biological, Others), by Pest Type (Insects, Termites, Rodents, Others), by Application (Commercial, Residential, Agriculture, Industrial, Others) Global Opportunity Analysis and Industry Forecast, 2023-2032". The market, valued at $24.6 billion in 2022, is projected to grow to $42.5 billion by 2032, with a compound annual growth rate (CAGR) of 5.7% from 2023 to 2032.

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Key growth drivers include advancements in pest control methods and technologies, leading to more efficient and environmentally friendly solutions. However, stringent regulations on pesticide use pose challenges, driving the adoption of safer mechanical and biological pest control methods.

The chemical segment led the market in 2022 and is expected to maintain its dominance through 2032, although the mechanical segment is forecasted to grow at the highest CAGR of 6.0% during the same period. In terms of pest types, insects held the largest market share in 2022 and are projected to maintain this lead, while the rodents segment is expected to grow at the highest CAGR of 6.15%.

Commercial applications accounted for the largest share in 2022 and are expected to remain dominant through 2032, driven by regulations in industries like food processing and healthcare. Agriculture, however, is anticipated to grow at the highest CAGR of 6.21%, owing to the need for crop protection and food security.

Geographically, North America led the market in 2022 and is expected to maintain its dominance, although Asia-Pacific is projected to grow at the highest CAGR of 6.01% due to increasing regulatory measures and concerns over invasive species.

Key players in the market include Anticimex, BASF SE, Bayer AG, Ecolab, Syngenta AG, and others, who are focusing on product innovation and strategic expansions to maintain their market positions.

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