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Pest Control Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Pest Control Services Market
Market Outline: Pest Control Services Market
Pest control services include the management of pest such as rodents, termites, bed bugs, cockroaches, and other pests which can cause health hazards to human. Pest control services are provided to both commercial and industrial establishments. The primary function of these services to maintain the hygienic surroundings with free of pests. Pest control can be done with various techniques such as mechanical control, chemical control, and biological control among others.
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Market Dynamics: Pest Control Services Market
Increase in industrialization led to growth in pest control services, rise in insurance based services, change in climatic conditions, and implementation of stringent regulations for production industries, which require pest control process are anticipated to fuel the pest control services market. Moreover, rise in awareness about the pest control among key stakeholders, wider service availability, and high disposable income are expected to boost the pest control services market over the forecast period. However, high cost of pest control services and implementation of stringent regulatory guidelines for pesticides usage are anticipated to hamper the pest control services market.
Market Scope: Pest Control Services Market
Pest control services market is segmented on the basis of service type, pest type, and application
Based on the service type, the market is segmented into the following:
• Mechanical pest control services
• Chemical pest control services
• Biological pest control services
• Others
Based on the pest type, the market is segmented into the following:
• Termites
• Rodents
• Insects
• Others
Based on the application, the market is segmented into the following:
• Industrial
• Agricultural
• Commercial
• Residential
• Others
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Market Summary: Pest Control Services Market
Pest control services market growth is driven by growing health concerns and increase in awareness among the people about the pest control services. Government initiations for the protection of public health and innovation of newer pest control service methods are anticipated to fuel the pest control services market over the forecast period. Moreover, acquisitions and mergers, collaborations, innovation of newer pest control methods by the market players also upsurge the revenue of pest control services market. For instance, in September 2015, Rentokil purchased U.S. pest control business Steritech to expand pest control services in North America region. Similarly, in March 2015, Terminix has acquired two Canadian pest control companies namely Excel Pest Control and Cabot Pest control for strengthening its pest control business segment in Canada.
Regional Analysis: Pest Control Services Market
Geographically, global pest control services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America pest control services marketaccounted for significant share owing to presence of huge number of pest control companies in North America region and stringent food safety and hygiene regulations are expected to fuel the market. Europe pest control services market is growing due to increase in number of pharmaceutical and food and beverages industries, and adoption of newer pest control methods in the region. Asia Pacific pest control services market anticipated to hold significant share due to increase in awareness about pest control services among the people and joint venture between the market players. For instance, in February 2017, Rentokil Initial Plc. inked an agreement to form a joint venture with Pest Control Pvt. Ltd. India (PCI) for accelerating its pest control business in India. Latin America pest control services marketexpected to exhibit significant growth rate owing to increase in the number of food and beverage industries, stringent regulations for production industries regarding hygienic environment, and growing health concerns in the region. Middle East and Africa pest control services market is driven by expansion of business by market players. For instance, in April 2013, Rentokil launched pest control services in UAE with major focus on commercial and residential pest control services.
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Competition Assessment: Pest Control Services Market
Some of the players in the global pest control services market include:
• Terminix International Company Ltd. (U.S.)
• Rollins Inc. (U.S.)
• Rentokil Initial plc. (U.K.)
• Pest control Pvt. Ltd. (India)
• SenesTech, Inc. (U.S.)
• Ecolab Inc. (U.S.)
• Massey Services Inc. (U.S.)
• Sanix Incorporated (Japan)
• Arrow Exterminators Inc. (U.S.)
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