The pest control market size to cross USD 30 billion by 2025, growing at a CAGR of 4% during the forecast period. The global pest control market is witnessing a flurry of mergers and acquisition activities. The market is currently in the customer acquisition mode, and vendors are experimenting with value-added services and bundled offerings to gain customers' attention. There exists no uniformity on the global scale with respect to demand, labor cost, and application methods. They largely depend on the customer buying power and the economic condition of the country. It is a labor-intensive industry, and growing economic activities reinforce its growth.
The industry is highly competitive, as a large number of pest control companies & vendors characterize it. For instance, in India, nearly 40% of the market is unorganized. The number of vendors in the organized sector has also increased, thereby affecting the industry in a multi-faceted manner.
In terms of geography, the pest control market share is dominated by North America, with approximately 50% share. The US leads the key market growth globally, as many of the key vendors have their bases in the country and are pioneers in the industry. Rollins, Terminix, Rentokil Initial plc are the three major vendors in the US pest control market, with services catering prevention and extermination of all types of bugs and termites.
- The market for general pest control is dominated by small-and-medium-sized vendors since the capital required to set up and run operations is low.
- The pest control services market in the hospitality industry is expected to reach $3 billion by 2025 due to the intensifying quality protocols adopted in the industry.
- The emphasis on the use of bio-pesticides is intensifying across Europe and the US regions, as awareness of eco-friendly pest management is growing.
- North America is the largest pest control services market, the extensive use of wood in residential and commercial buildings provides significant opportunities for the service providers.
PEST CONTROL MARKET SEGMENTATION
This research report includes detailed segmentation by
- Product Types
- Control Types
The demand for general pest control services is higher in several geographies than termite control services. Japan, Europe, and North America are the major countries where termite treatment services are mainly high because the application of wood in these regions is high both in residential and commercial sectors. Factors such as the growth of viral diseases, improvement in living standards, and the growth of the population are driving the segment. The rise in the housing market in the developed countries is bolstering the termite treatment business. The regulatory push in the pre-construction industry is further supporting the growth of pest management services.
While the demand for non-chemical alternatives is increasing, especially from developed regions, developing countries are heavily dependent on chemical methods. Mechanical methods are limited to a certain type of bugs and have been losing share to chemical methods. The ease of availability and cost-effectiveness of chemical solutions are the major reasons for their high adoption. On the other hand, the lack of complexity in regulations with respect to the usage of mechanical or physical devices is preferred by service providers. APAC and Latin America are the major end-users of mechanical methods.
The demand for residential infestation control services is higher in Europe and North America than in APAC and Latin America. Globally, the demand is growing as climatic conditions vary across the region, and the requirement in each of the regions varies accordingly. However, the demand for mosquito eradication, termite extermination, and bed bugs & rodent control solutions is high in the residential sector.
The commercial sector uses annual maintenance contracts as they require infestation management services at regular intervals and accord high importance to these services. Historically, the hospital segment was the major end-users; however, due to the growing hygiene and cleanliness awareness, the demand from other commercial sectors is increasing. The industrial sector is one of the major end-users as they are required to maintain high standards of hygiene and cleanliness at manufacturing premises to ensure safety and security for employees.
The demand in North America is promising across application categories with end-user sectors preferring professionals than using DIY products. The high usage of wood in buildings, both residential and commercial sectors, provides significant opportunities for service providers. The region is expected to lead the global market during the forecast period, as the pest-free environment is accorded high priorities across application segments.
The growth of construction activities and the high prevalence of vector-borne diseases are major factors contributing to the growth in APAC. Moreover, the rise in the construction of commercial spaces - hospitality, airports, and industrial clusters - has tremendously contributed to the growth of the APAC pest control market share.
The market in Europe is in the mature stage and also has a vast addressable market in Eastern Europe. The region is characterized by a high level of competition driven by inorganic growth strategies adopted by major vendors to leverage their best practices and gain profits.
KEY VENDOR ANALYSIS
The competition is intense, with several global, regional, and local players. The pest control industry is fragmented with only a few players occupying major shares. Vendors are implementing innovative product launches and services such as digital services and focusing on developing service portfolios to gain a higher share. The focus is shifting toward the digitization of pest control services or developing mobile supporting applications to enhance the customer’s experience.
The global pest control services market research report includes in-depth coverage of the industry analysis with market dynamics, trends, drivers, restraints, supply chain, and forecast insights for the following segments:
By Pest Type
- General Pest Control
- Termite Control
- Other Pest Control Methods
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia