Global Pest Control Market Forecast to 2030
The global Pest Control Market research report is a thorough and important resource that provides business strategies, qualitative and quantitative analysis, and developing trends. The report offers thorough investigation and analysis of the major components of the Pest Control Market on a worldwide scale. The research analysts prepared this report after completing thorough primary and secondary research and analysing the Pest Control Market's drivers, constraints, challenges, trends, and opportunities.
The global pest control market size was USD 22.91 Billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for low-toxic, more sustainable, and environment-friendly pest control methods is driving revenue growth of the market. Pests are one of the key problems for farmers that restricts them in achieving higher production in agriculture crops. In addition, countries, such as India, lose about 25% of their crops due to diseases and pests every year. Moreover, pest controllers protect crops during transport and storage and increase productivity of land and minimize yield losses. Furthermore, insecticides also protect buildings and other wooden structures, such as beds, staircases, and furniture, from damage by termites and woodboring insects.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Pest Control market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Bayer AG, BASF SE, Corteva, ADAMA, Syngenta, Bell Laboratories Inc., FMC Corporation, Ecolab, Rentokil Initial plc, Rollins, Inc., Truly Nolen, and Anticimex
Research Report on the Pest Control Market Addresses the Following Key Questions:
- Who are the dominant players of the Pest Control market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Pest Control market?
- What are the key growth drivers and restraining factors of the Pest Control market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Pest Control market and its key segments?
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Some Key Highlights From the Report
- The commercial segment is expected to register a rapid revenue CAGR due to rapid urbanization and rising new infrastructural projects. High economic and health risks associated with pest is increasing demand for pest control in commercial and public places. In addition, rising government pest management programs are also driving revenue growth in this segment.
- The termites segment is expected to register a steady revenue CAGR over the forecast period. These cellulose-eating insects cause damage to wood and furniture. The U.S. is home to about over 50 species of termites and according to the United States Department of Agriculture (USDA), the U.S. residents spend over USD 1 billion on termite control products. In addition, homeowners spent on an average about USD 3,000 on repairs caused by termites, which has increased demand for termite controllers and is driving revenue growth in this segment.
- The North America market accounted for largest revenue share in 2021 due to rising demand for herbicides for killing weeds in agricultural lands. Furthermore, rising demand for organic pesticides owing to less chemical content and being environment-friendly is also driving market growth in this region.
Market Segmentations of the Pest Control Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Pest Control market on the basis of product, application, and region:
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Termites
- Insects
- Mosquitoes
- Flies
- Cockroaches
- Ants
- Bed bugs
- Control Methods Outlook (Revenue, USD Billion; 2019–2030)
- Chemical
- Insecticides
- Herbicides
- Rodenticides
- Repellents
- Others
- Plant-extracts
- Microbial
- Predatory insects
- Light traps
- Adhesive traps
- Malaise traps
- Mesh screens
- UV radiation devices
- Ultrasonic vibrations
- Others
- Mode of Application Outlook (Revenue, USD Billion; 2019–2030)
- Powder
- Pellets
- Sprays
- Traps
- Others
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Regional Landscape section of the Pest Control report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Pest Control Market report:
- The latest report comprehensively studies the global Pest Control market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Pest Control Market report is an exhaustive database that will help readers formulate lucrative strategies. The Pest Control Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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