The global pest management services market was valued at $11.8 billion in 2018 and it is anticipated to reach $19.0 billion, registering a CAGR of 6.25% from 2019 to 2026.
Pesticides are chemicals or mixture of chemicals used to kill, repel, mitigate, or reduce pests/pest damage. Pest management means controlling the growth of specific species of insects that are recognized as detrimental to human health. Insects such as house flies, bed bugs, and cockroaches, and others tend to reside in places where there is human activity, which can lead to serious health issues; thus, need pest management has gained significant importance.
The growth of the pest management services market is highly is attributed to factors such as an increase in urban population across the globe, which has resulted in a significant increase in food sources and conducive living habitats for various pests such as rodents, cockroaches, and mosquitoes. This has resulted in increased demand for pest management services across the globe. In addition, rapid migration is being witnessed from rural areas to urban areas, being more prevalent in developing countries such as India. This has further increased the population density of urban areas, which, in turn, is anticipated to fuel the demand for pest management products and services.
Consumers all over the world, generally from residential and commercial sectors are increasingly becoming more conscious about their health and are doing everything they can to maintain good health and hygiene. Therefore, there is an upsurge in the adoption of pest control products and services in these sectors. addition, there is a considerable rise in the The prevalence of diseases caused by different kinds of pests, and hence, it becomes essential to control them. However, health and environmental hazards caused by pesticides, due to its their chemical content, is the significant factor anticipated to hamper the growth of the market during pest management services during the forecast period.
The pest management services market is segmented into type, pest type, application, and region. On the basis of type, it is divided into chemical, mechanical, biological, and others. On the basis of pest type, it is classified into insects, termites, rodents, and others. On the basis of application, it is categorized into commercial, residential, agriculture, industrial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global pest management services market is segmented based on type, pest type, application, and region. Depending on type, the market is categorized into chemical, mechanical, biological, and others. On the basis of pest type, it is classified into insects, termites, rodents, and others. The applications covered in the global pest management services market study include commercial, residential, agriculture, industrial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in the global pest management services market are BASF SE, Bayer AG, Rentokil Initial plc, Ecolab, Rollins, Inc., FMC Corporation, The ServiceMaster Company, LLC., Syngenta, Dodson Pest Control, Inc., and Lindsey Pest Services.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Pest type
By Application
By Region
KEY MARKET PLAYERS
Pesticides are chemicals or mixture of chemicals used to kill, repel, mitigate, or reduce pests/pest damage. Pest management means controlling the growth of specific species of insects that are recognized as detrimental to human health. Insects such as house flies, bed bugs, and cockroaches, and others tend to reside in places where there is human activity, which can lead to serious health issues; thus, need pest management has gained significant importance.
The growth of the pest management services market is highly is attributed to factors such as an increase in urban population across the globe, which has resulted in a significant increase in food sources and conducive living habitats for various pests such as rodents, cockroaches, and mosquitoes. This has resulted in increased demand for pest management services across the globe. In addition, rapid migration is being witnessed from rural areas to urban areas, being more prevalent in developing countries such as India. This has further increased the population density of urban areas, which, in turn, is anticipated to fuel the demand for pest management products and services.
Consumers all over the world, generally from residential and commercial sectors are increasingly becoming more conscious about their health and are doing everything they can to maintain good health and hygiene. Therefore, there is an upsurge in the adoption of pest control products and services in these sectors. addition, there is a considerable rise in the The prevalence of diseases caused by different kinds of pests, and hence, it becomes essential to control them. However, health and environmental hazards caused by pesticides, due to its their chemical content, is the significant factor anticipated to hamper the growth of the market during pest management services during the forecast period.
The pest management services market is segmented into type, pest type, application, and region. On the basis of type, it is divided into chemical, mechanical, biological, and others. On the basis of pest type, it is classified into insects, termites, rodents, and others. On the basis of application, it is categorized into commercial, residential, agriculture, industrial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global pest management services market is segmented based on type, pest type, application, and region. Depending on type, the market is categorized into chemical, mechanical, biological, and others. On the basis of pest type, it is classified into insects, termites, rodents, and others. The applications covered in the global pest management services market study include commercial, residential, agriculture, industrial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in the global pest management services market are BASF SE, Bayer AG, Rentokil Initial plc, Ecolab, Rollins, Inc., FMC Corporation, The ServiceMaster Company, LLC., Syngenta, Dodson Pest Control, Inc., and Lindsey Pest Services.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the Pest management services market from 2018 to 2026 to determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- Estimations and forecasts are based on factors impacting the market growth, in terms of value, are provided.
- Profiles of leading players operating in the market are provided to understand the competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET SEGMENTS
By Type
- Chemical
- Mechanical
- Biological
- Others
By Pest type
- Insects
- Termites
- Rodents
- Others
By Application
- Commercial
- Residential
- Agriculture
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- BASF SE
- Bayer AG
- Rentokil Initial plc
- Ecolab, Rollins, Inc.
- FMC Corporation
- The ServiceMaster Company, LLC.
- Syngenta
- Dodson Pest Control, Inc
- Lindsey Pest Services
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL PEST MANAGEMENT SERVICES MARKET, BY TYPE
CHAPTER 5: GLOBAL PEST MANAGEMENT SERVICES MARKET, BY PEST TYPE
CHAPTER 6: GLOBAL PEST MANAGEMENT SERVICES MARKET, BY APPLICATION
CHAPTER 7: PEST MANAGEMENT SERVICES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
Executive Summary
According to this report titled, 'Pest Management Services Market by Type, Pest Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025,' the global pest management services market size was valued at $11.8 billion in 2018 and it is anticipated to reach $19.0 billion, registering a CAGR of 6.25% from 2019 to 2026.Pest control implies the management and regulation of pests that adversely affect human health and environment. Pest management practices prevents the adverse effects of the various types of pests on human and agricultural crops.
Implementation of stringent government regulations in the developed regions, such as North America and Europe, toward conservation of environment and favorable government initiatives to promote the use of bio-based pesticides are expected to drive the growth of this market. Besides this, constant changes in climatic conditions is a prominent factor for the growth of pests, as pests survive at elevated temperature. However, toxicity and health-related issues due to chemicals present in pesticides is a significant factor restraining the growth of the pest management services market growth. On the contrary, ongoing R&D activities to increase the dependency on bio-based pesticides is expected to offer lucrative growth opportunities for the market.
Europe has a presence of several numbers of the regulatory bodies, which fuels the growth of this region. This is more relevant in for the agriculture industry a. As pest management is becoming a regular practice in crop management to attain optimum crop yield and produce good quality food. Drastic rise in the pollution level and the consistent climatic changes hamper the quality of the crops. Consequently, there is a m andate on pest management practices in the agriculture industry to protect the crops from the type of pest population and produce optimum food. This leads to the increasing adoption of pest management services that ultimately contributes to global market growth.
On the basis of type, the Based on type, chemical pest management services segment accounted for the largest market share in 2018. This can be highly attributed to their lower prices as compared to other services. Chemical pesticides are used when there is a need for the development of pest resistance pesticides and damage to the beneficial organisms.
On the basis of Based on the application, the commercial application segment is predicted to dominate the global pest management services market during the forecast period. The growing need for pest control products in the commercial sector in order to protect commodities and material is likely to fuel the adoption of pest management practices during the forecast period.
Some of the major players analyzed in the global pest management services market are BASF SE, Bayer AG, Rentokil Initial plc, Ecolab, Rollins, Inc., FMC Corporation, The ServiceMaster Company, LLC., Syngenta, Dodson Pest Control, Inc., and Lindsey Pest Services.
Key Findings of the Study:
- Chemical, in the type segment dominated the global, with a revenue share of around 30.0% in 2018
- Commercial, in the application segment accounted for largest pest management services market share of around 40.0% in 2018
- The Asia-Pacific region is projected to grow at the highest CAGR of nearly 8.20%, in terms of revenue during the forecast period
- China, India, the U.S., Germany, and France are some of the dynamic country-level markets witnessing rapid adoption of pest management practices across the globe
- Most of the industry participants are based in either North America and Europe, which is leading to superior adoption of pest management services over other regions
- Highly toxic chemical content used in the pest management products is anticipated to restrain the growth of this market
Companies Mentioned
- BASF SE
- Bayer AG
- Rentokil Initial plc
- Ecolab
- Rollins Inc.
- FMC Corporation
- The ServiceMaster Company LLC.
- Syngenta
- Dodson Pest Control Inc.
- Lindsey Pest Services
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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