Latin America Pest Control Market was worth USD 2.24 billion in 2021 and estimated to be growing at a CAGR of 5.7%, to reach USD 2.95 billion by 2026.
Pest control is defined as the regulation and management of different biological organisms that are harmful to the human population either directly or by adversely affecting human activities. Common pests such as termites, cockroaches, and certain reptiles affect humans daily by interfering in agricultural, industrial, and residential activities. For ensuring a hygienic lifestyle where the interference of pests is minimal, pest control management is carried out. Additionally, pest control is an important market in developing regions trying to maximize efficiency in their production activities.
The regulation of organisms that degrade the quality of human production activities, while minimizing the repercussions to the biosphere is the main aim of pest control. Pest control is of the utmost importance in the agricultural industry where a single bad season can lead to global food shortage. At the same time, common pesticides cannot be used here as it may lead to undesirable changes in the produce. So, the pest control industry is one that hangs in the balance.
Latin America Pest Control Market Drivers:
The main drivers of the Latin America pest control market are the rise in economic activity and the increasing population. The region is fast developing and growing both in the industrial as well as the economic sense. The population growth rate for the region is also one of the highest. This increases demand for higher efficiency rates of crop production leading to a demand for better pest control strategies. The growing population also increases the number of encounters between humans and pests at home. As for the constraints to the industry in Latin America, the region is plagued by the excessive cost of pest control. The average income per person for the region is comparatively low as in other regions. Mergers and acquisitions are other problems faced by companies that come up in the region. Stringent industry regulations also pose a threat to the thriving of new companies.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
5.7% |
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Segments Covered |
By Types of Pest Control, By Type of Pest, By Application |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
Ecolab, Rollins, Rentokil Initial, Service Master Global Holdings, Massey Services, Arrow Exterminations, Sanix Incorporated, Asante, and Dodson Brothers Exterminating Company. |
Market Segmentation:
Geographical Analysis:
Based on geography, the Latin America region is divided into Mexico, Brazil, Argentina, and the Rest of Latin America. Latin America market has the second-highest CAGR of all regions at 5.7%, although the market share for the region is quite low. Behind Asia-Pacific, this is considered the next fastest developing region in the pest control market.
Key Players:
Some of the major players dominating the market in the region, by their products and services include Ecolab, Rollins, Rentokil Initial, Service Master Global Holdings, Massey Services, Arrow Exterminations, Sanix Incorporated, Asante and Dodson Brothers Exterminating Company
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