![Pest Control Services Market](https://www.fmiblog.com/wp-content/uploads/2024/03/istockphoto-1066978818-612x612-1.jpg)
In 2023, the global pest control services market is expected to yield revenues of US$ 23.26 billion, with a forecasted growth rate of 6.2% leading to a valuation of US$ 42.44 billion by 2033. The increasing demand for pest control services reflects a growing awareness of the importance of pest management in maintaining health and hygiene standards. With a Compound Annual Growth Rate (CAGR) of 6.2%, the market is poised for significant expansion over the forecast period. This growth trajectory underscores the persistent need for effective pest control solutions across residential, commercial, and industrial sectors.
A key pest management strategy is the increased development of biocontrol agents that may be used to reduce the number of pests. These biological agents are less hazardous than some more widely used chemical pesticides since they are naturally occurring live creatures. As a result, they are integrating themselves more deeply into the industry.
The manufacturing processes and surroundings are subject to strict regulatory standards in the environmental protection sector. Also, they change depending on the legislation of each nation. Pest control, environmental protection, and different nations’ health organizations require registration before using pest control products.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-260
Business Growth Drivers:
- Increasing Awareness and Concerns about Health and Hygiene: Growing awareness among consumers regarding the health risks associated with pests such as rodents, insects, and other pests drives the demand for pest control services.
- Regulatory Compliance and Stringent Pest Management Standards: Stringent regulations imposed by authorities regarding hygiene and pest control in various industries such as food processing, healthcare, and hospitality drive the demand for professional pest control services to comply with standards.
- Expansion of Urban Areas: Urbanization leads to increased population density and changes in land use, creating more habitats for pests. This, in turn, boosts the demand for pest control services in urban areas.
- Rise in Commercial and Residential Construction: Growth in construction activities, both commercial and residential, creates opportunities for pest control services as new structures require pre-construction and post-construction pest management measures.
- Technological Advancements in Pest Control Methods: Innovations such as integrated pest management (IPM), eco-friendly pest control solutions, and digital pest monitoring systems improve the effectiveness and efficiency of pest control services, driving market growth.
- Globalization and International Trade: Increased globalization and international trade contribute to the spread of pests across regions, leading to higher demand for pest control services to prevent the introduction and spread of invasive species.
- Climate Change and Environmental Factors: Climate change influences pest behavior and distribution, leading to new challenges for pest management. This creates opportunities for pest control companies to offer solutions tailored to changing environmental conditions.
Industry Restraints:
- Health and Environmental Concerns: Growing concerns about the adverse effects of chemical pesticides on human health and the environment lead to a shift towards eco-friendly pest control methods. This transition may pose challenges for traditional pest control companies reliant on chemical-based solutions.
- Resistance to Pesticides: Pests develop resistance to chemical pesticides over time, reducing the effectiveness of conventional pest control methods and necessitating the development of alternative solutions.
- Cost Sensitivity: Some consumers, particularly in residential segments, may perceive professional pest control services as expensive and opt for DIY solutions or cheaper alternatives, impacting the growth of the professional pest control services market.
- Regulatory Compliance Challenges: Compliance with regulations and licensing requirements adds operational complexities and costs for pest control companies, particularly smaller firms, limiting their growth potential.
- Seasonal Variations: Demand for pest control services may fluctuate seasonally, with peak demand during warmer months when pest activity is high and lower demand during colder months, leading to revenue variability for service providers.
- Competition from DIY Solutions: The availability of over-the-counter pest control products and DIY solutions may pose competition to professional pest control services, especially in the residential segment.
- COVID-19 Pandemic Impact: The COVID-19 pandemic has disrupted various industries, including pest control services, due to lockdowns, supply chain disruptions, and changes in consumer behavior, leading to uncertainties and challenges for businesses in the sector.
Key Takeaways
- Sales of pest control services totaled US$ 20.7 billion in 2021. Between 2023 and 2033, FMI expects the agricultural category to increase by 50-150 basis points.
- North America’s pest control services industry is likely to expand at a 5.2% CAGR by 2033. The demand for pest control services in the United States is predicted to increase at a healthy pace of 5.1% CAGR, according to FMI.
- Due to increasing awareness of pest-borne diseases, the European market is expected to have a market share of 19.5% by 2033.
- Chemical pest control is likely to hold a top spot regarding service type with a CAGR of 5.9% by 2033.
- The insecticide segment is likely to hold a top spot based on the product, with a CAGR of 7% by 2033.
- The residential sector holds nearly 35% of the global pest control service industry.
- The growing popularity of Integrated Pest Management (IPM) in South Korea to preserve crops with less pesticide use is also helping to strengthen the market.
Request Report Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-260
Competitors Winning Strategies
Pest control services businesses that provide cutting-edge, sustainable, and green pest management solutions that satisfy legal criteria and incorporate disease prevention are likely to enjoy the market expansion. Companies are creating innovative technology solutions to increase service effectiveness to acquire market share in the mature market.
Key Players
- Rollins, Inc.
- Rentokil Initial PLC
- Anticimex
- Cook’s Pest Control, Inc.
- ABC Home & Commercial Services
- Animal Pest Management Services, Inc.
- Lloyd Pest Control
- Green Earth Pest Control, LLC
- Aptive Environmental, LLC
- Home Paramount Pest Control, LLC
- Dodson Pest Control
- Environmental Pest Service, LLC
- Truly Nolen of America, Inc.
- Florida Pest Control & Chemical
- Massey Services, Inc.
- Arrow Exterminators
Recent Developments:
- In May 2021, Anticimex Group, one of the world’s top pest control firms, revealed that it had acquired Palmera Junior, a Colombian family-owned business with a strong track record of expansion. To launch an expansion plan in this quickly expanding sector, Anticimex undertook the first strategic purchase in Latin America.
- Several different crops can be protected using Spiropidion, a new innovative technology, from pests that are particularly harmful and challenging to control, according to Syngenta Crop Protection, a leading global crop protection organization, which announced the product’s launch in November 2020.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/260
Key Segments
By Product:
- Insecticides
- Rodenticides
- Other Chemicals
- Mechanical
- Other Products
By Service Type:
- Chemical Control Services
- Organic
- Synthetic
- Mechanical Control Services
- Other Pest Control Services
By End-User:
- Residential
- Commercial and Industrial
- Agricultural
By Application:
- Rodent Control
- Insect Control
- Cockroaches
- Ants
- Bed Bugs
- Termites
- Mosquitoes
- Wasps
- Flies
- Other Insect Control
- Wildlife Control
- Birds
- Fleas
- Other Applications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com