Pest Control Market to growing at a CAGR of more than 4.5% from 2021 to 2028.
In 2019, the market for pest control services was estimated to be worth USD 21,958.3 Billion. From 2021 to 2028, it is anticipated to expand at a CAGR of 4.5%. The market is expanding due to rising economic activity, a growing population, the effects of insects, intolerance for pests, and other factors.
The global increase in demand for pest management services is mostly being driven by climate change. In a statement from the World Health Organization, Goulson and colleagues calculated a potential rise in fly populations of 244% by 2080, relative to current levels, using previously predicted values for warmer temperatures. Increases in fly-borne diseases would be anticipated if this were the case. Customers in the market are anticipated to be more inclined toward pest control services, coupled with preventative steps to avert the possible damage, in order to avoid the worst case situation.
Businesses are creating innovative technical solutions to increase service effectiveness in order to acquire market share in the mature market. Route optimization, online sales, the use of pest identification apps on smartphones, mobile communication technologies to provide in-field technical support in real time, and smarter extranets to provide customers with more management information are some of the areas covered.
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With a market share of 57.8% in 2019, the commercial sector led the market. Increasing economic activity and a zero-tolerance policy for pests in commercial settings like offices, hotels, hospitals, food and beverage sectors, and foodservice. Increasing commercial space infrastructure and stringent regulations for hygiene maintenance are driving the market’s expansion. Commercial businesses generally enter into multi-year contracts with service providers, which results in the development of a reliable revenue stream. The demand for pest control services in the commercial sector is being driven by this aspect.
With a market share of 42.0% in terms of sales in 2019, the insect category led the market. A significant driver of the segment’s growth is the increase in insects, particularly bed bugs. According to a study by the National Pest Management Association (NPMA), 97% of pest control experts treated bed bugs in 2018, 69% of them stated the service was generally effective, and 66% indicated there was a rising demand for these services. In addition, 89% of pest control experts reported finding bed bugs in condos and apartments, 68% in hotels and motels, 59% in nursing homes, 46% in office buildings, 45% in dormitories at colleges, and 36% in hospitals.
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Key Market Players & Competitive Landscape
Some of key players in Pest Control market are Rentokil Initial PLC, Anticimex Group, Rollins Inc., Arrow Exterminators Inc., Dodson Pest Control Inc., Asante Inc., Ecolab, SANIX INC., Massey Services Inc.
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa