DUBLIN, September 20, 2021--(BUSINESS WIRE)--The "Global Pest Control Market Analysis and Industry Forecast, 2021 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Pest Control Market size was valued at USD 17.88 billion in 2020, and is predicted to reach USD 35.76 billion by 2030, with a CAGR of 7.5% from 2021-2030.
Pest control refers to the killing of pest as well as protection from various pests which can cause loss or also affect the human health. This includes varieties of pest such as mosquito, cockroach, termites, rodents & many more. There are various methods which are used for the pest control such as biological, chemical, & others. These pests can also lead to serious loss such as damage of agricultural crops, can also cause serious contamination which in turn led to health issues & many more.
Constant growth in the hygiene concerns among people with rising awareness are the major factors driving the market growth. There has been constant growth in urbanization along with industrialization which has raised the demand form pest control.
In addition, technological advancement together with developed & advanced formulation with effective pest control solutions are also likely to promote the market growth. On the other hand, stringent regulatory policies for safety & pest control in order to maintain healthy environment as well as wide application in different industries to prevent heavy loss such as agriculture and other are also anticipated to boost the market growth.
Moreover, growing use of biological method for pest control due to environment friendly nature and reduced or no side effects may tend to bring change in the market trends.
However, high cost of advanced formulation followed by various side effects along with toxic nature are factors expected to restrain the market growth. Moreover, growing research & development activities led to the development of new formulations followed by new product launches in the market is anticipated to provide numerous opportunities to the market players in the coming few years.
North America is likely to account for the highest market size & share of the pest control market during the forecast period owing to the presence of advanced technology accompanied by stringent regulatory norms with respect to the safety and hygienic practices in the region.
However, Asia Pacific is expected to be the fastest developing region in the pest control market which is majorly driven by the presence of huge agricultural industry along with growth in urbanization on large scale. In addition, growing awareness with the presence of various products in the region for pest control is likely to enhance the market growth.
The global pest control market is highly competitive and fragmented in nature, which consists of various players such as
Rentokil Initial Plc.
The ServiceMaster Company, LLC
Terminix UK Ltd
Key Topics Covered:
1.1. Report Description
1.2. Research Methodology
2. Market Snapshot, 2019-2030 Million USD
2.1. Market Snapshot
3. Porter's Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
5. Global Pest Control Market, by Type
6. Global Pest Control Market, by Control Method
7. Global Pest Control Market, by Mode of Application
8. Global Pest Control Market, by Application
9. Global Pest Control Market, by Region
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/yy8lwi
View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005622/en/
Laura Wood, Senior Press Manager
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