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Pest Control Market Key Trends, Size, Share Analysis 2024-2033
Pest Control Market
As per the report, the pest control market size has grown strongly in recent years. It will grow from $22.91 billion in 2023 to $24.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The pest control market size is expected to see strong growth in the next few years. It will grow to $34.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
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Increasing Urbanization Is Anticipated To Fuel The Pest Control Market
The increasing urbanization is expected to propel the growth of the pest control market going forward. Urbanization refers to the process by which rural areas become urbanized as a result of economic development and industrialization. Pest control is essential in urbanization to manage and mitigate the adverse effects of pests on public health, infrastructure, and the environment. For instance, in April 2023, according to the World Bank Group, a US-based bank, reported that currently, more than half of the global population resides in urban regions. By 2045, this urban population is projected to surge to 6 billion, marking 1.5 times increase. Therefore, the increasing urbanization is driving the growth of the pest control market.
Technological Innovations Offer Eco-Friendly Solutions In The Pest Control Market
Technological advancements are shaping the pest control market. Certain technologies will prevent or reduce the impact on nature. These will include the destruction of crops by humans and scheduled planting operations. For instance, in March 2021, Bayer AG, a Germany-based biotechnology and pharmaceutical company, launched Vynyty Citrus, a crop protection product based on pheromones and biology that will control pests on citrus farms. Vynyty Citrus container is an innovative tool with an active liquid inside of it that doesn't cause resistance or residues to build up in harvests or the environment. It is the first product of its kind to be available on the market and is made with natural pyrethrum and pheromones to control pests in citrus fruits. By interfering with pests' mating rituals, pheromones effectively suppress pest populations by preventing pest reproduction.
The pest control market covered in this report is segmented -
1) By Pest Type: Insects, Termites, Rodents, Wildlife
2) By Control Method: Chemical, Mechanical, Biological
3) By Mode of Application: Powder, Sprays, Pellets, Traps, Baits
4) By Application: Commercial, Residential, Agriculture, Industrial
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Major companies operating in the pest control market include Asante Inc., Bayer AG, Cleankill Pest Control, Dodson Pest Control Inc., Eco Environmental Services Ltd., Lindsey Pest Services, NBC Environment, Rentokil Initial plc, Rollins Inc., ServiceMaster Global Holdings Inc., Syngenta Crop Protection LLC, Terminix Sis India Pvt Ltd., Truly Nolen Pest Control, Adama Ltd., Atalian Servest Co., Bell Laboratories Inc., JG Pest Control, Massey Services Inc., PelGar International Ltd., Ecolab Inc., Anticimex International AB, Arrow Exterminators Inc., Clark Pest Control, Presto-X Pest Control, JP McHale Pest Management Inc., Western Exterminator Co. Inc., Rose Pest Solutions, ABC Home & Commercial Services, J.C. Ehrlich, Plunkett's Pest Control
Contents of the report:
1. Executive Summary
2. Pest Control Market Report Structure
3. Pest Control Market Trends And Strategies
4. Pest Control Market - Macro Economic Scenario
5. Pest Control Market Size And Growth
…..
27. Pest Control Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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