Pest control services market size is forecast to reach US$ 29.6 billion by 2027, after growing at a CAGR of 4.3% during 2022-2027. The use of novel technologies for controlling pests is increasing the scope of growth of the market. Additionally, ease of access to pest controls, increase in the awareness of health hazards caused due to pests, and eradication services are the key factors driving the market growth of the pest control services in the forecast period. The pest control services market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the pest control services Isolators industry are –
1. Rentokil Initial PLC
2. Rollins, Inc.
3. ServiceMaster Global Holdings, Inc.
4. Anticimex Group
5. Arrow Exterminators Inc.
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Segmental Analysis:
1. The chemical pest control services segment held the largest share of 35% in the pest control services market in 2021. The organic chemical treatments, with botanic products, are also being used to do away with pests. Thus, the rising usage of chemical pest controls is increasing the growth of the pest control services market over the forecast period.
2. The commercial segment held the largest share in the pest control services market in 2021 and is estimated to grow at a CAGR of 5.8% during 2022-2027. Growing economic activities and zero tolerance for pests in commercial buildings such as hospitals, offices, and foodservice sectors, are surging the demand for pest control services.
3. Strict regulation for hygiene maintenance, rising infrastructure in commercial spaces, and increasing investments in commercial construction, are driving the market growth. For instance, Larsen & Toubro, in India, in 2019, won contracts for building hospitals, commercial complexes, and manufacturing capacity, amounting between 2,500 crores (US$ 336.6 million) to 5000 crores (US$ 673.2 million). Thus, such investments are driving the commercial segment and are increasing the adoption of pest control services.
4. The North American region dominated the pest control services market with a share of 39% in 2021. North America region is one of the leading pest control manufacturers globally, with the U.S.A. being the key consumer and supplier of pest controls.
Report Coverage
Report Attributes
Details
By Pest Type
Insects, Rodents, Termites, and Others.
By Control Services Type
Chemical, Physical, Electronic, Biological, and Others.
By Application
Residential, Commercial, Industrial, Agriculture and Others.
By Geography
North America, Europe, Asia-Pacific, South America and Rest of World
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Market Drivers and Challenges:
1. The increasing growth of the residential construction sector, the market for pest control services is anticipated to propel over the forecast period.
2. The demand for pest control services to protect the crops from infectious diseases caused by insects and rodents such as bacterial panicle blight and bacterial leaf scorch is expected to drive the pest control services market growth.
3. Rising Toxicity and Side-Effects of Pest control Will Hamper the Market Growth.
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Media ContactCompany Name: IndustryARCContact Person: Mr. Venkat ReddyEmail: Send EmailPhone: (+1) 970-236-3677Address:Madhapur City: HyderabadCountry: IndiaWebsite: https://www.industryarc.com/Research/Pest-Control-Services-Market-Research-507196
