A recent report published by Infinium Global Research on pest control market provides in-depth analysis of segments and sub-segments in the global as well as regional pest control market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pest control market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pest control market. According to the report, the global pest control market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
The pest control market is expected to experience is significant expansion over the forecast period due to consumer awareness regarding health and hygiene. It has the primary function is to maintain hygienic surroundings, free of pests that could damage commercial interests and reputation or endanger public health. Pest control is done in a various range of application such as commercial buildings, residential buildings, agriculture, and industries.
Across the globe pest control management is becoming increasingly important, with increasing economic activity, growth in urbanization, increasing population and changing demographics. Furthermore, the impact of climate change is potentially an important factor in the growth of the market. Over the last decades, there has been a large growth in the number of pest control operators offering mosquito control services, reflecting increased concern over the health risks associated with the spread of viruses and diseases through rodents, cockroaches, bed bugs, ants, wasps, termites, birds, snakes, and fleas. Moreover, rapid migration is being witnessed from the rural to urban areas and this is more predominant in developing economies thereby increases the urban population density, which in turn, demand for the pest control market is increased. Furthermore, the government in public health management by controlling the various disease spread by pests including malaria and dengue has also helped the growth of the pest control market. However, the presence of unorganized manufacturer’s in the developing countries is expected to affect market growth. Going further, a number of manufacturers are investing in new product the development provides growth opportunities for the global pest control market in the near future.
The North America region dominates the pest control market. The North America structural pest control industry is comprised of nearly 20,000 pest control companies and the average number of technicians in each company is around six people. On the other hand, Asia-Pacific is expected to experience the highest growth rate throughout the forecast period. The growth of the Asia-Pacific region is attributed due to developing countries, such as China and India, which have considerable cultivable land to grow crops coupled with growing concerns about health.
The report on global pest control market covers segments such as pest type, control method, mode of application, and application. On the basis of pest type, the sub-markets include rodents, termites, insects, wildlife, and other pest types. On the basis of control method, the sub-markets include chemical, mechanical, and biological. On the basis of mode of application, the sub-markets include traps, sprays, and baits. On the basis of application, the sub-markets include residential, commercial, and industrial.
The report provides profiles of the companies in the market such as Dodson Pest Control, Inc, Syngenta AG, The ServiceMaster Company, LLC, FMC Corporation, Anticimex, Rentokil Initial, Bayer AG, BASF SE, and Others Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pest control market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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