Global Pest Control Market (Methods, Pest, Application, & Region): Insights & Forecast (2022-2026)

According to this report, the global pest control market is divided into five regions: North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
By: Koncept Analytics
DELHI, India - Sept. 16, 2023 - PRLog -- The process of eradicating pests or stopping them from breeding, developing, or migrating is known as pest control. Pests can create serious problems such as health concerns, depending on the species. Bugs can also cause property damage since they infest buildings, crops, and the entire environment. Pest control management has grown more important in recent years due to the presence of house flies, bed bugs, cockroaches, and other insects in regions where there are human activities.

Chemical, biological, mechanical, and software and service are the four most prevalent pest control approaches. Chemical methods are more convenient than others in a wide range of applications. The global pest control market is predicted to be valued at US$24.40 billion in 2023, witnessing growth at a CAGR of 5.09% over the forecasted period.

Top Impacting Factors:

Growth Drivers
  • Changing Climate Condition
  • Infrastructure Development
  • Rise in the Number of Fatal Vector-Borne Diseases
  • Rising Awareness about Cleanliness, Hygiene and Health

  • Rising Concerns regarding the Harmful Impact of Pesticides
  • Lack of Skilled Manpower in Developing Regions

  • Adoption of AI based Technologies
  • Increasing Demand of IoT Devices Globally
  • Integrated Pest Management
  • Shift towards Biopesticides

Analysis of Key Players:

The global pest control market is fragmented. However, North America pest control market is less fragmented than the global. The key players of the global pest control market are:
  • BASF
  • Bayer AG
  • Terminix Global Holdings, Inc. (Terminix)
  • Rentokil Initial
  • Rollins Inc.
  • Ecolab Inc
  • Bell Laboratories, Inc.
  • Cleankill Pest Control
  • Anticimex
  • Dodson Pest Control

Rentokil, and more recently Anticimex, have been the most active, in part because they still lack scale in some US markets. Chemicals manufacturers like BASF and Bayer also have product lines oriented at pest control. Pest Control players in Asia include Japan's Ikari and Sanix. In terms of application, Rollins and Terminix appear to be more diverse. Rollin and Terminix are mostly the US exposed.

The COVID-19 Analysis:

Like many other industries the global pest control market also experienced a slowdown, especially during the first half of 2020 due to COVID-19 pandemic. Due to lockdown restrictions and business closures, many pest control services were stopped. As more businesses reopened after the closure, the need for pest control services for commercial facilities grew.

For more Information:

Koncept Analytics

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