by Pest control refers to the regulation or management of a species defined as a pest, and typically involves the prevention or elimination of pests or nuisances. Common pests that may require control include termites, rodents, cockroaches, bed bugs, and other invasive species. Pest control is important for maintaining public health as pests can contaminate food sources and spread diseases. It is also crucial for protecting homes and buildings from structural damage caused by wood destroying pests such as termites. The Global Pest Control Products and Services Market has witnessed significant growth in recent years driven by rising consumer awareness about the health impacts of pest infestation.
The Global Pest Control Products and Services Market is estimated to be valued at US$ 23.78 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the pest control products and services market is the increased consumer awareness regarding the impact of pest infestation on health. Pests can directly cause diseases or act as vectors for spreading various pathogens and parasites that pose risks to public health. For instance, mosquitoes transmit deadly diseases like malaria, dengue fever, zika virus, yellow fever, and chikungunya. Similarly, rodents and cockroaches are known to spread foodborne illnesses. Thus, consumers are increasingly realizing the need for effective pest control measures to reduce pest populations and prevent health risks. This growing consumer awareness about health impacts of pests has been a major factor propelling the demand for pest control products and services. Moreover, rising awareness about structural damages caused by termites and wood-boring beetles has also boosted the adoption of professional pest control services.
Segment Analysis
The Global Pest Control Products and Services Market is dominated by the residential segment. The residential sub-segment accounts for over 50% of the total market share due to rising awareness about vector borne diseases and the need to maintain hygiene. There has been an increase in the number of households that are opting for periodic pest control services to prevent infestation by rodents, termites and other insects.
PEST Analysis
Political: Stringent regulations regarding the use of chemical based pest control products in many countries is driving the demand for eco-friendly biopesticides and mechanical control methods. Economic: Rising per capita income and growing household expenditure on home and health services is positively impacting the market growth. Social: Change in lifestyle and increased health awareness among consumers about diseases spread by pests is boosting the acceptance of pest control services. Technological: Adoption of modern techniques like drone spraying and digital monitoring systems for tracking pest activity is helping companies optimize operations and service delivery.
Key Takeaways
Global Pest Control Products And Services Market Demand is expected to witness high growth over the forecast period 2023 to 2030. The Global Pest Control Products and Services Market is estimated to be valued at US$ 23.78 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.
North America currently accounts for the largest market share led by rising pest problems in the region along with established pest control industry.
Key players operating in the pest control products and services market are Ecolab Inc., Rollins Inc., Rentokil Initial Plc., ServiceMaster Company, LLC, Massey Services Inc., Arrow Exterminators Inc., Sanix Incorporated, Asante Inc., Dodson Pest Control, Inc., Target Specialty Products, Pelsis Ltd., Killgerm Ltd., WinField Solutions, LLC, and Univer Inc. Ecolab Inc. and Rollins Inc. have emerged as the largest players due to their diverse service portfolio and global presence. Rollins Inc. has exhibited strong organic and acquisition-led expansion across the US and other geographies over the past few years.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
