The pest control market was valued at US$21.98 billion in 2018 and is projected to expand at a CAGR of 6.44% over the forecast period to reach US$31.972 billion by 2024. Pests are the insects or animals which impact adversely on human activities. Pest control is the management to control this species, by executing them through physical or chemical means. The pest control takes various actions against parasites, predators, and pathogens which can destroy the crops or cause diseases in the livestock and humans. The pest control market is expected to grow due to the growth for the demand for pest control in industries like farming, pharmaceutical; hospitality, etc. In addition, rapid urbanization, change in climatic condition and easy availability of pest controls are anticipated to drive the growth of the pest control market. However, the presence of toxic ingredients or elements in pesticides is affecting the health of people which is anticipated to hinder the growth of the market in the coming years. The pest control market is segmented into pest type, method, end-user, and geography. On the pest type basis, the insect's segment is expected to hold a significant share in the market due to the high prevalence of insects in all regions and its wide adoption for pest control in insects. Geographically, Asia Pacific is projected to be as a substantial shareholder in the market due to the effect of climate change and high concentration of urbanization in countries like India and China along with rising government support for the pest control in all sectors.
Increasing demand in various end user industry
Change in climatic conditions.
Risk associated with the storage of pesticides
In April 2019, Rollins, Inc. acquired Clark Pest Control to expand its business in California.
In November 2017, Rentokil Initial acquired Vector Disease Acquisition, LLC.
The major players profiled in the Pest Control market are Rentokil Initial
, Rollins, Inc., BASF SE, Dodson Pest Control, Ecolab, Bayer AG, FMC Corporation, Lindsey Pest Services, The Service Master Company, LLC and Syngenta.
Pest Control Market Scope:
| Market size value in 2018
|| US$21.98 billion
| Market size value in 2024
|| US$31.972 billion
| Growth Rate
|| CAGR of 6.44% from 2018 to 2024
| Base year
| Forecast period
| Forecast Unit (Value)
|| USD Billion
| Segments covered
|| Pest Type, Method, End-User, And Geography
| Regions covered
|| North America, South America, Europe, Middle East and Africa, Asia Pacific
| Companies covered
|| Rentokil Initial, Rollins, Inc., BASF SE, Dodson Pest Control, Ecolab, Bayer AG, FMC Corporation, Lindsey Pest Services, The Service Master Company, LLC, Syngenta
| Customization scope
|| Free report customization with purchase
The pest control market has been analyzed through the following segments:
By Pest Type
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the pest control market size by 2024?
A1. The pest control market is projected to reach a total market size of US$31.972 billion in 2024.
Q2. What is the size of global pest control market?
A2. Pest Control market was valued at US$21.98 billion in 2018.
Q3. What are the growth prospects for pest control market?
A3. The pest control market is projected to expand at a CAGR of 6.44% during the forecast period.
Q4. Which region holds the largest market share in the pest control market?
A4. Geographically, Asia Pacific is projected to be a substantial shareholder in the pest control market.
Q5. What factors are anticipated to drive the pest control market growth?
A5. The pest control market is expected to grow due to the growth of the demand for pest control in industries like farming, pharmaceutical; hospitality, etc.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PEST CONTROL MARKET BY PEST TYPE
6. PEST CONTROL MARKET BY APPLICATION
7. PEST CONTROL MARKET BY END-USER
8. PEST CONTROL MARKET BY GEOGRAPHY
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Rentokil Initial
10.2. Rollins, Inc.
10.3. BASF SE
10.4. Dodson Pest Control
10.6. Bayer AG
10.7. FMC Corporation
10.8. Lindsey Pest Services
10.9. The ServiceMaster Company, LLC
LIST OF FIGURES
LIST OF TABLES
Dodson Pest Control
Lindsey Pest Services
The Service Master Company, LLC