Segments - Pest Control Market by Type (Chemical, Mechanical, Biological, and Others), Pest Type (Insects, Termites, Rodents, and Others), Application (Commercial, Residential, Agriculture, Industrial, and Others), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global pest control market size was valued at nearly USD 23.85 Billion in 2022 and is anticipated to reach USD 37.32 Billion by 2031, expanding at a CAGR of 5.1% during the forecast period, 2023 – 2031.
Pest control includes a range of arrangements to regulate pests especially insects such as cockroaches, house flies, bed bugs, and others. It refers to the management of control solutions in order to eradicate pests from houses or certain establishments.
In urban areas, the control of these pests is usually applied by using different means or methods such as physical removal or using chemical solutions.
Pesticides are chemicals that are primarily used for the mitigation of pest damage. Pests can lead to serious health issues, which is why the pest control market has gained significance in recent years.
Rising awareness among consumers about various health problems caused by pest infestation in households presents a main driver of the market. Policies regarding the conservation of the environment demand the use of eco-friendly products especially bio-pesticides to ensure efficiency in pest control.
This is another favorable factor for the market. Climatic changes lead to the growth of various pests at an exponential rate over the years. This is due to their ability to survive in elevated temperatures, which further positively impacts the pest control market.
Implementation of stringent government regulations towards management and regulation of pest control presents another key driver of the market.
Issues concerning the side effects of using pesticides, especially in agricultural practice act as a key restraining factor. This is projected to hamper the market expansion in the coming years.
R&D towards the manufacture of biological and development of eco-friendly pesticides are key factors expected to provide lucrative opportunities for key players during the forecast period.
The market report includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Pest Control Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Chemical, Mechanical, Biological, and Others), Pest Type (Insects, Termites, Rodents, and Others), and Application (Commercial, Residential, Agriculture, Industrial, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Anticimex; BASF SE; Bayer AG; Cleankill Pest Control; Dodson Pest Control Inc.; Eastern Pest Control; Eco Environmental Services Ltd.; Ecolab; FMC Corporation; JG Pest Control; Lindsey Pest Services; NBC Environment; Rentokil Initial plc; Rollins Inc.; Syngenta; and The Service Master Global Holdings Inc. |
Based on type, the global pest control market is segmented into chemical, mechanical, biological, and others. The chemical segment registered high revenue in 2019 and is projected to hold a key market share in the coming years owing to the high demand for chemical pesticides for household pest controls especially in urban areas.
Additionally, the use of pesticides such as pyrethrin and pyrethroids in household enhance the level of pest control and faster eradication of house pests.
The biological segment, however, is expected to expand at a robust CAGR during the forecast period owing to rising environmental concerns, wide adoption of crop farming in rural areas, and increased R&D spending on the manufacture of ecological pesticides.
Biocontrol of pests involves the elimination of pests using other organisms such as predators, parasiticides, and other bio-competitors.
On the basis of pest type, the market is categorized as insects, termites, rodents, and others. The insect segment is forecasted to witness significant growth during the forecast period owing to the presence of major problems of insects in various households.
Moreover, the rising demand for higher concentrations of insect pests in urban areas also drives the segment.
The rodent control segment is forecasted to offer lucrative opportunities for key market players in the coming years.
Based on application, the global pest control market is fragmented into commercial, residential, agriculture, industrial, and others. The residential segment is estimated to generate high revenue during the forecast period due to the high contamination of pests around residential areas, especially in households.
The most popular solutions for pest control in residential areas include fumigation, chemical spraying, baits, and aerosols. Rising urbanization in developing countries has led to the development of many residential projects, thereby, pushing to use of pesticides for pest control.
In terms of region, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to constitute a large share of the market in the coming years due to massive investment in R&D activities by key market players toward developing biological pest control solutions.
Moreover, development strategies for the enhancement of sales of organic pest control solutions are driving the market in the region.
The market in the Asia Pacific, however, is projected to expand at a significant CAGR during the forecast period due to the strengthening of the housing market and a steadily improving economy have led to increasing investments in residential pest control in the region.
Key players competing in the global pest control market are Anticimex; BASF SE; Bayer AG; Cleankill Pest Control; Dodson Pest Control Inc.; Eastern Pest Control; Eco Environmental Services Ltd.; Ecolab; FMC Corporation; JG Pest Control; Lindsey Pest Services; NBC Environment; Rentokil Initial plc; Rollins Inc.; Syngenta; and The Service Master Global Holdings Inc.
These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.