Pest Control Market by Type (Biological, Chemical, and Mechanical), by Pest Type (Insects, Rodents, and Termites), and by Application (Agriculture, Commercial, Industrial, and Residential) – Global Analysis & Forecast 2019-2030

Report ID : 271  |  Published Date : Jun 2020  |  Pages : 160  |  Region : Global  |  Report Code : CM-23

Pest Control Market Introduction & Overview

A "pest" can be defined as any bug, rodent, or wildlife which is considered undesirable because it either invades homes or industries, thereby causing damage or risk of transmitting an illness or disease. Presence of certain kinds of pests in homes or yards, do not cause harm but pester people. Whereas, other pests such as insects, rodents, and wildlife may be difficult to control and may cause significant damage to property as well as life by spreading diseases. Prevention or controlling of pests can be performed through pest control services or humane pest control methods. Few humane pest control methods include ultrasonic devices to repel pests and undertaking certain changes around the house to prevents pest entry. Pest control services offer solutions which include chemical, biological and mechanical methods to control pest. Pesticides are toxic substances, and misuse of the same may lead to poisoning and simultaneously cause environmental damages in several ways.

The pest control market is driven by factors such as rapid urbanization, technological advancements in the agricultural sector to increase crop yield, rising number of life-threatening diseases outbreaks, and rapid fluctuations of weather conditions which favor the growth of pests. Moreover, high standards of living among consumers and favorable government regulations to promote pest control are further adding to the growth of the pest control market. However, rising concerns regarding pesticide toxicity, adverse health effects and increasing pesticide-resistant insects are hampering the pest control market to a certain extent.

The global pest control market can be segmented into type, pest type, application, and region.

Pest Control Market by Type

Based on type, the market can be segmented into biological, chemical, mechanical, and others. The chemical segment is expected to account for the largest market share, owing to factors such as low cost, high effectiveness, and ease of application, among others.

Pest Control Market by Pest Type

Based on the pest type, the market can be classified into insects, rodents, termites, and others. The insect segment dominated the market during the forecast period. The incidence of insects reduces the yield of crops, affecting the productivity of crops grown for human consumption.

Pest Control Market by Application

Based on the application, the market can be classified into agriculture, commercial, industrial, residential and others. The commercial segment dominated the market during the forecast period due to safety standards and stringent regulations in commercial sector to protect the health of employees.

Pest Control Market by Country

Based on the region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). North America dominated the global pest control market in 2018, owing to favorable weather conditions which promotes pest infestation and utilization of wood as main construction material which in turn increases threats from bugs, termite and other types of pests. Moreover, government regulations, awareness among individuals regarding disease outbreaks and technological advancements have played a pivotal role in complimenting the growth of the market in this region. However, Asia Pacific is expected to register the highest CAGR during the forecast period owing to a presence of favorable climatic conditions and rapid urbanization and growing adoption of advanced technologies for pest control.

Pest Control Market Prominent Players

Some of the key players operating in the pest control market include FMC Global Specialty Solutions, Ecolab, Bell Labs., Industrial Fumigant Company LLC., Bayer AG, Safeguard Chemical Corporation, Rentokil Initial plc, Woodstream Corporation, Rollins, Inc., BASF SE, and others.