by The Global Pest Control Products and Services Market provides professional pest control to eliminate and prevent pest infestation in both residential and commercial properties. Pest control services include trapping, controlling, and eliminating rodents, termites, cockroaches, bedbugs, flies, mosquitoes and more using advanced techniques and eco-friendly products.
The Global Pest Control Products and Services Market is estimated to be valued at US$ 23.78 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing concerns over pest infestation is driving increased adoption of professional pest control products and services. Widespread changes to natural environments due to urbanization and agriculture activities have disrupted pest populations and favored infestations in and around homes. The increasing pest problem has raised awareness about health hazards of pest infestation such as allergies, diseases and structural damage. Moreover, continuous international trade and travel is facilitating the spread of invasive exotic pests into new regions. These factors are fueling demand for effective pest control especially in developing economies of Asia Pacific and Latin America region, thereby propelling the pest control products and services market growth over the forecast period.
SWOT Analysis
Strength: Pest control products and services help maintain hygienic environments in residential and commercial spaces by eliminating pests like rodents and insects. This ensures health and safety of occupants.
Weakness: Chemical based pest control products can pose health hazards if not used carefully as per guidelines. Non-chemical methods are often time-consuming.
Opportunity: Rising health awareness and growing construction activities are increasing demand for integrated pest management and other commercial pest control services. Technological advancements are leading to development of eco-friendly and targeted products.
Threats: Implementation of stricter regulations regarding use of certain chemical pesticides. Economic slowdowns can impact commercial pest control segment.
Key Takeaways
Global Pest Control Products And Services Market Demand is expected to witness high growth. The market size was valued at US$ 23.78 Bn in 2023 and is forecast to reach US$ 40.23 Bn by 2030, expanding at a CAGR of 6.1% during the forecast period.
Regional analysis
North America dominates the global market currently, owing to widespread pest infestations and implementation of stringent norms regarding commercial and residential pest control. The region accounts for over 35% market share currently. Asia Pacific is emerging as the fastest growing regional market, driven by rising awareness, increasing constructions and expanding food & beverage industry in countries like India and China.
Key players
Key players operating in the pest control products and services market are Ecolab Inc., Rollins Inc., Rentokil Initial Plc., ServiceMaster Company, LLC, Massey Services Inc., Arrow Exterminators Inc., Sanix Incorporated, Asante Inc., Dodson Pest Control, Inc., Target Specialty Products, Pelsis Ltd., Killgerm Ltd., WinField Solutions, LLC, and Univer Inc. The market is consolidated in nature with top 5 players accounting for over 40% of global revenue.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
