According to the most recent analysis by Emergen Research, the size of the worldwide pest control market was USD 22.91 billion in 2021 and is anticipated to grow at a revenue CAGR of 4.3% during the projected period. The market is experiencing revenue growth due to the growing need for non-toxic, environmentally friendly, and more sustainable pest control techniques. One of the main issues for farmers that prevents them from increasing crop yield is pests. Additionally, nations like India lose roughly 25% of their crops annually to illnesses and pests.Additionally, pest controls boost farm productivity, reduce production losses, and safeguard crops during transport and storage. In addition, insecticides guard against termite and wood-boring insect damage to houses and other wooden structures including beds, stairways, and furniture.
Additionally, pest controls boost farm productivity, reduce production losses, and safeguard crops during transport and storage. In addition, insecticides guard against termite and wood-boring insect damage to houses and other wooden structures including beds, stairways, and furniture.
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The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.
The report further explores the key business players along with their in-depth profiling, product catalog, and strategic business decisions. The key players studied in the report are Bayer AG, BASF SE, Corteva, ADAMA, Syngenta, Bell Laboratories Inc., FMC Corporation, Ecolab, Rentokil Initial plc., Rollins, Inc., Truly Nolen, and Anticimex.
Pest Control Market Segmentation based on Type: Termites, Insects, Mosquitoes, Flies, Cockroaches, Ants, Bed bugs, Rodents, Others.
Pest Control Market Segmentation based on Application: Industrial, Commercial,Domestic, Storage transport facility, Agricultural, Others.
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Regional Bifurcation of the Pest Control Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report aims to provide a complete analysis of the global Pest Control market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Pest Control market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
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Highlights of Table of Contents (TOC):
- The commercial segment is expected to register a rapid revenue CAGR due to rapid urbanization and rising new infrastructural projects.
- High economic and health risks associated with pest is increasing demand for pest control in commercial and public places. In addition, rising government pest management programs are also driving revenue growth in this segment.
- The termites segment is expected to register a steady revenue CAGR over the forecast period. These cellulose-eating insects cause damage to wood and furniture. The U.S. is home to about over 50 species of termites and according to the United States Department of Agriculture (USDA), the U.S. residents spend over USD 1 billion on termite control products.
- In addition, homeowners spent on an average about USD 3,000 on repairs caused by termites, which has increased demand for termite controllers and is driving revenue growth in this segment.
- The North America market accounted for largest revenue share in 2021 due to rising demand for herbicides for killing weeds in agricultural lands. Furthermore, rising demand for organic pesticides owing to less chemical content and being environment-friendly is also driving market growth in this region.
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