In 2023, the global pest control services market is expected to rake in revenues amounting to US$ 23.26 billion. Analysts predict that the demand for pest control services will experience a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of 6.2%, ultimately reaching US$ 42.44 billion by the year 2033.
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.
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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.
The demand for effective pest control services is experiencing a significant rise across residential, commercial, and industrial sectors. This surge is attributed to a growing understanding of the importance of maintaining a healthy and hygienic environment free from pests.
Beyond Traditional Methods
Consumers are increasingly seeking sustainable and eco-friendly pest control solutions. This shift is driven by several factors:
- New Pest Threats: The emergence of new pest species necessitates the development of innovative control methods.
- Pesticide Resistance: Existing pest populations are becoming resistant to traditional pesticides, rendering them less effective.
- Stricter Regulations: Regulatory bodies are implementing stricter controls on the use of harmful chemicals in pest control.
Tech Revolutionizes Pest Control
Technological advancements are playing a pivotal role in transforming the pest control industry. Remote monitoring systems and smart traps are revolutionizing how pest control services are delivered. These technologies enhance:
- Effectiveness: Targeted pest control strategies based on real-time data lead to more efficient eradication.
- Efficiency: Remote monitoring allows for faster response times and reduced service disruptions.
Global Market Expansion
The pest control services market is witnessing significant growth on a global scale. This expansion is driven by several key trends:
- Population Growth: A rising global population means more potential environments for pests to thrive.
- Urbanization: The increasing concentration of people in urban areas creates favorable conditions for pest proliferation.
- Heightened Health Awareness: Growing public awareness of the health risks associated with pests is driving demand for preventative measures.
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Innovation at the Forefront
Manufacturers and service providers are actively investing in research and development (R&D) to introduce novel pest control technologies. This focus on innovation ensures the industry remains equipped to tackle evolving pest challenges and cater to the growing demand for effective and sustainable solutions.
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.
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
- Ecolab, Inc.
- Green Pest Solutions
- Apex Pest Control, Inc.
- Hulett Environmental Services
- Plunkett’s Pest Control
- Senske, Inc.
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.
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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 (FMI)
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.
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