Press release
Pest Control Industry Expected to Reach $37 Billion by 2029 at 8.5% CAGR
Pest Control
Pest Control Market Value Projection: How Much Will the Market Size by 2025?
The market for pest control has seen robust growth in the past few years. The market is projected to rise from $24.71 billion in 2024 to $26.66 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this expansion during the historic period include concerns over health issues associated with pests, safeguarding of agriculture and food supplies, urbanization and population growth, regulatory mandates for pest control, and growth in the hospitality industry.
What Will Be the Market Growth Forecat for Pest Control in 2029?
Expectations point towards a robust upturn in the pest control market size in the forthcoming years, with it reaching $37 billion in 2029, advancing at a CAGR of 8.5%. This projected growth in the stated timeline can be ascribed to practices like sustainable and eco-friendly pest control, increased pest resilience to conventional chemicals, the implementation of digital monitoring and data analytics, the adoption of organic and natural methods for pest control, and the broadening of integrated pest management (IPM). The forecast period will also witness significant trends such as the emergence of remote pest control services and apps, the incorporation of AI and machine learning for predicting pest activity, the shift towards non-lethal pest management methods, increased regulatory focus on mitigating pesticide use, and collaborations between the pest control and agriculture sectors.
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What Are the Core Competitive Drivers in the Pest Control Industry?
The growth of the pest control market is speculated to be driven forward by the escalating urbanization. Urbanization is a process that involves the transformation of rural areas into urban ones due to economic progress and industrial growth. In the context of this urban shift, pest control becomes vital to countering the negative impacts pests can have on public health, infrastructure, and the environment. For example, the World Bank Group, a banking institution based in the United States, stated in April 2023 that more than half of the world's population is now situated in urban areas. By the year 2045, this urban demographic is predicted to increase up to 6 billion, which denotes a rise by 1.5 times. Consequently, the rise in urbanization is fueling the expansion of the pest control market.
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Which Pest Control Market Segment Is Projected to See the Fastest Growth?
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
Subsegments:
1) By Insects: Ants, Cockroaches, Bed Bugs, Flies, Mosquitoes, Beetles
2) By Termites: Subterranean Termites, Drywood Termites, Dampwood Termites
3) By Rodents: Rats, Mice, Squirrels
4) By Wildlife: Raccoo*ns, Skunks, Deer, Birds, Bats
Which Trends Are Opening New Opportunities in the Pest Control Market?
The pest control market is being revolutionized by technological innovations. Certain kinds of technology can mitigate or even eliminate harmful effects on the environment. These technologies cover everything from human-induced crop destruction to planned farming activities. Case in point, Coragen eVo insect control was introduced by FMC Corporation, an agri-science company from the US, in December 2023. This innovative product has a potent concentration of Rynaxypyr active, meaning less of it needs to be used while still providing long-term, immediate control of significant Lepidopteran pests in a range of specialty crops. This ground-breaking formulation reduces the frequency of insecticide sprays required in a season for farmers, ultimately conserving time and money, while also keeping environmental impact minimal.
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Who Are the Leaders in the Pest Control Market?
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
Which Regional Pest Control Markets Offer the Greatest Growth Potential?
North America was the largest region in the pest control market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pest control market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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