Anticimex, Ecolab, Rentokil Initial, Rollins, Terminix, Truly Nolen, and Massey Services Inc. are identified as prominent vendors in the global pest control market
Arizton’s recent research report on Pest Control Market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The study includes insights by pest types (general pest control and termite control), applications (residential, commercial, industrial, and other sectors), control method type (chemical, mechanical, and other methods), and geography (North America, Europe, APAC, Latin America, MEA).
The global pest control market is projected to grow at a CAGR of over 4% during the period 2019–2025
The pest control services market is a labor-driven industry, and its growth is reinforced by economic activities. Pest control services are provided a broad spectrum of services across categories - B2B, B2C, and B2G. Climate-related changes in the environment have ensured a regular demand for pest control services. With rising global temperatures, pest infestation has increased across the world. The industry is highly competitive, as it is characterized by a large number of vendors. North America dominates the market. With the presence of key vendors, the US leads the market worldwide. Rollins, Terminix, Rentokil are the three major vendors in the US with services ranging from prevention and extermination of infestations and termites.
The pest control market is segmented into four major segments – pest type, application, method, and geography.
Chemicals segment to dominate the global market
The usage of chemical method is less complex, hence widely adopted across all application segments. However, the rise of this method is also linked to the development of certain new chemicals, which are environment-friendly and have a low impact on the environment. The usage of chemical control methods is high in the commercial and industrial sectors, especially offices, hospitals, and manufacturing units as they are more effective for large spaces. While the use of mechanical control methods accounted for over 55% in the 90s, the application has since then been declining.
Residential sector to grow at the highest CAGR during the forecast period
Europe and North America are experiencing a higher demand for pest control services in the residential sector than developing regions such as APAC and Latin America. Although the usage of DIY products growing across many regions, their impact has not been significant on the pest control services market of Europe and North America. Since the customers of APAC, Latin America, and Africa are low spenders on professional pest control services, DIY products have been gaining larger market shares, impacting the growth in the residential sector. The residential sector mainly requires exterminating services (smaller independent houses), while the larger apartments, and community dwellings demand both prevention and extermination services from vendors.
APAC to emerge as the largest market for pest control services
Characterized by high GDP growth and the availability of strong macroeconomic indicators, the market in APAC is expected to grow at the highest CAGR during the forecast period. However, the adoption of professional service providers is low and pest management is largely limited to urban areas and a few tier-II cities. China is the leading country in the APAC pest control services market. The increased investment in the Chinese real estate market is the major driving factor for the growth of pest control services. In China, the presence of low entry barriers has spruced the growth of small players, catering to limited geographical areas and controlling a few types of infestations.
The complete overview of the latest market research report on Pest Control Market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
+1 302 469 0707
Oct 23, 2020
Is LED Work Light Efficient Enough in the Work Place?
The LED work light demand is driving the competition between the replacement and new implementation...
Oct 16, 2020
MI Procedures are Steering Atherectomy Devices Market Growth
The global atherectomy devices market is witnessing a new phase of technological advancements with t...
Oct 16, 2020
Is infectious disease diagnostics market a major segments in the global in-vitro diagnostics market?
The global infectious disease diagnostics market is one of the major segments in the global in-vitro...