Pest Control Market

Pest Control Market Share & Growth (2022 - 2027):

Pest Control Market was worth USD 18.98 billion in 2021 and estimated to be growing at a CAGR of 5.3%, to reach USD 24.57 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 pests affect day-to-day life the least, pest control management is carried out.

The major aims of pest control include controlling the organisms that affect human activities adversely, without disturbing the ecosystem too much. Pest control is of the utmost importance in the agricultural industry where a single bad season can lead to food shortage. At the same time, common pesticides cannot be used here as they may lead to undesirable changes in the produce. So, the pest control industry is one that hangs in the balance and too much or too little can drastically change outcomes.

Drivers and Restraints:

The major driver of the pest control market is the increasing human population. As the human population increases the demand for land as well as food increases drastically. There is bound to be an inevitable collision between humans and wildlife as humans encroach upon more areas to live in. The increased demand for food means that production is just enough to cover the entire human population, so any loss of crop produce to pests can collapse the entire demand and supply chain. Besides this, the growing consumer awareness in developed and developing countries has led to a higher demand for better health and hygiene. As for the restraints of the industry, the major one is the implementation of stringent government safety regulations to limit the levels of toxicity to reduce the impact of hazardous pesticides on public health and the environment.

PEST CONTROL MARKET REPORT COVERAGE:

Market Segmentation:

Pest Control Market – By Type of Pest Control:

• Chemical

• Mechanical
• Biological Control

Pest Control Market – By Application:

• Commercial
• Industrial
• Agricultural
• Residential Control

Pest Control Market – By Type of Pest:

• Termites
• Insects
• Rodents
• Wildlife

Pest Control Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The Pest Control Market is dominated by North America in 2016 with the region accounting for 37% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region.

Major Key Players:

Some of the major companies dominating the market, 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.