Pest Control Market is to grow at a 5.4 % CAGR, with the United States leading the market through 2030

Pest Control Market to Hit USD 34.63 Bn by 2030

The Pest control Market was USD 23.97 Bn in 2023 and is expected to expand at a CAGR of 5.4 % from 2023 to 2030, reaching USD 34.63 Bn by 2030. The need for efficient pest management solutions has increased as a result of growing awareness of the health hazards posed by pests, particularly in the commercial, residential, and healthcare sectors. Increase in demand for more sophisticated and ecologically friendly pest control methods, such as integrated pest management (IPM) techniques, eco-friendly products, and biological pest treatment. Farmers and agribusinesses are increasingly using pest control methods to protect their crops and livestock. North America dominated the market with a share of 48.61%. In the United States, the market size is expected to reach USD 42.79 billion, with a CAGR of 6.19%.

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Pest Control Market Segmentation

By Pest Type: Insects make up the majority of the market for pest control. Insects like mosquitoes, cockroaches, and flies. Termites may cause enormous damage to homes and commercial structures; termite control is a significant aspect of the pest management business. Rats, mice, and other rodents are the cause of major property damage and disease transmission.

By Application: Commercial segment includes Hospitality, Retail, Healthcare, and Offices and Institutions. Urbanization and rising disposable incomes have increased demand for residential pest control services. Pest management for livestock includes controlling pests that have an impact on both agricultural output and animal health.

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Pest Control Market Regional Analysis

The Canadian pest control industry was estimated to be worth $2.3 billion, with a 2.1% growth rate. In Canada, rodent populations are rising in urban areas, especially in cities like Toronto. Terminix, a division of Rentokil Initial, started operating in Canada by purchasing regional pest treatment businesses in Vancouver and Toronto.

In Germany, the market for pest control services generated around USD 860.3 million. By 2025, the market is expected to reach €1.3 billion, with a compound annual growth rate of 5.12%. The German market for bed bug management services is expected to grow at a CAGR of 5.2% over the course of the forecast period, reaching a worth of over USD 16 million by 2026.

In Australia, the market for pest control services brought in USD 414.0 million. Australia has 3,427 companies in the building pest control services sector as of 2024, growing at a CAGR of 3.8% from 2019 to 2024. The FDA Food Safety Modernization Act (FSMA) was released by the Food and Drug Administration (FDA) in Australia.

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Pest Control Market Competitive Landscape

Terminix Global Holdings, Inc.: Terminix acquired Copesan Services, a North American pest control company. American Pest, a well-known pest management business in the Mid-Atlantic area of the US, was acquired by Terminix.

Rentokil Initial plc: The acquisition of Terminix's international pest control businesses for £2.5 billion was one of Rentokil's most important actions. In 2021, the Swedish pest control business Anticimex was acquired by Rentokil for £1.5 billion.

Ecolab: Ecolab made one of its biggest acquisitions, Nalco Holding Company for $8.1 billion. Diversey was acquired by Ecolab for $4.3 billion. Additionally, Ecolab acquired Champion Technologies. The deal is estimated to be worth $2.1 billion.

Conclusion

Businesses that make investments in technology-driven services, sustainable solutions, and regional development are probably going to set the standard for the future.
Long-term development will be fueled by the market's emphasis on offering full, integrated pest management solutions due to the growing significance of cleanliness and health.

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