Pest Control Market - Forecasts from 2019 to 2024

The pest control market was valued at US$21.98 billion in 2018 and is projected to expand at a CAGR of 6.44% over the forecast period to reach US$31.972 billion by 2024.Pests are the insects or animals which impact adversely on human activities. Pest control is the management to control this species, by executing them through physical or chemical means. The pest control takes various actions against parasites, predators, and pathogens which can destroy the crops or cause diseases in the livestock and humans. The pest control market is expected to grow due to the growth for the demand for pest control in industries like farming, pharmaceutical; hospitality, etc. In addition, rapid urbanization, change in climatic condition and easy availability of pest controls are anticipated to drive the growth of the pest control market. However, the presence of toxic ingredients or elements in pesticides is affecting the health of people which is anticipated to hinder the growth of the market in the coming years. The pest control market is segmented into pest type, method, end-user, and geography. On the pest type basis, the insect's segment is expected to hold a significant share in the market due to the high prevalence of insects in all regions and its wide adoption for pest control in insects. Geographically, Asia Pacific is projected to be as a substantial shareholder in the market due to the effect of climate change and high concentration of urbanization in countries like India and China along with rising government support for the pest control in all sectors.

Drivers

Increasing demand in various end user industry
Change in climatic conditions.

Restraints

Risk associated with the storage of pesticides

Industry Updates

In April 2019, Rollins, Inc. acquired Clark Pest Control to expand its business in California.

In November 2017, Rentokil Initial acquired Vector Disease Acquisition, LLC.

The major players profiled in the Pest Control market are Rentokil Initial, Rollins, Inc., BASF SE, Dodson Pest Control, Ecolab, Bayer AG, FMC Corporation, Lindsey Pest Services, The Service Master Company, LLC and Syngenta.

Segmentation

The pest control market has been analyzed through the following segments:

By Pest Type

Rodents
Termites
Insects
Wildlife

By Method

Mechanical
Chemical
Biological

By End-User

Commercial
Livestock
Industrial
Agriculture
Residential
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others