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Pest control is very important as a number of pests which include rodents, insects, termites, and others carry diseases that can be extremely hazardous to human, plant, and animal health. According to the World Health Organization (WHO), in 2017, malaria was responsible for approximately 435,000 deaths globally. An increase in mortality rate due to the prevalence of diseases caused due to insects is leading to increased demand for effective and smart pest control devices, solutions, and services. Rising awareness about pest attacks, diseases they carry, and their adverse effects on the health of human beings stimulating the wider adoption of pest control measures across the world.
Key companies operating in the global pest control market are focusing on launching effective pest control products and devices, providing services for multiple types of pests, along with adopting smart technologies for the control of pests to maintain their market significance. Rentokil Initial Plc., Terminix, FMC Corporation, and Orkin are some of the key companies operating in the global pest control market.
Key Market Driver -
Rising urbanization, especially across the developing regions is expected to drive the market growth
Key Market Restraint -
Stringent regulations on the use of pesticides and pest control devices across developed regions may restrain the growth of the market
Pest control market is witnessing a decent growth across the globe and the trend is expected to continue in the forthcoming years, owing to the rising urban population, which is leading to an increasing number of residential buildings, commercial complexes, and industries, where pest control services are required. An increase in several programs launches to spread awareness about pest and hygiene and the significance of pest control to lead a healthy and disease-free life is expected to upsurge the demand for pest control services. Furthermore, increasing innovation by key market players, such as the launch of electronic pest control devices (Ultrasonic pest control device) is further predicted to contribute to enhancing the pest control market growth during the foreseeable years.
However, stringent regulations associated with commercial usage of pesticides and pest control devices may hamper the market growth during the forecast period. For instance, in the U.S., every pesticide must be registered by the U.S Environmental Protection Agency to be commercially available for sale in the country. Also, the products must contain their unique EPA registration number on their package labels.
Some of the major companies that are present in the global pest control market are Atalian Servest, Rentokil Initial Plc., BASF SE, Terminix, Ecolab, FMC Corporation, Truly Nolen, Syngenta AG, Bayer CropScience, DowDuPont, and PelGar International.
Higher prevalence of pest insects, such as mosquitoes, wasps, flies, bedbugs, and others across almost all the regions is projected to escalate the demand for pest control services for insects during the foreseeable years. An increase in the prevalence of diseases such as malaria, yellow fever, Zika virus, and others caused due to insects bites (or acted as a carrier of disease-causing microorganisms) is fueling the demand for pest control solutions designed for tackling various types of insects. The demand for pest control devices and services for rodents, such as mice and rats is expected to rise in the forthcoming years, owing to their potential of causing serious property damage as well as infections caused by them, which might result in long-term illness.
The demand for pest control services from the residential segment is anticipated to grow at an impressive rate, the reason attributed to it is rising middle-class population, increasing awareness about pest control preventive measures and serves, and increasing purchasing power of consumers. The demand for pest control services for the elimination of mosquitoes, cockroaches, bed bugs, termites, and rats from residentials is expected to remain high throughout the forecast period. The stringency of regulations regarding food safety and quality is increasing across the globe, which is expected to boost the demand for pest control services across the food & beverage industry, along with various other industries.
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North America is dominating the global pest control market at present and is projected to continue dominating in the region during the forecast period, owing to high awareness about pest control management and methods among the population of North America. The presence of a huge number of pest control service and solution providers across the region is another growth propelling reason for the pest control market of North America. The pest control market in the Asia Pacific is projected to expand at the fastest pace in the forthcoming years, due to increasing urbanization across major economies, such as China & India, which is leading to increased adoption of preventive measures by population-based in the countries. Increasing concern regarding pest-borne disease outbreak, coupled with upgradation in policies associated with the emerging need of pest control across Asia Pacific is predicted to further fetch growth opportunities for the pest control market of Asia Pacific in the upcoming years.
By Pest Type
By Mode of Application
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