This is attributable to the serious threat posed by insects to agricultural and non-agricultural areas, and stringent control measure are necessary to eradicate them. Insect segment will grow at a CAGR of over 5.67% from 2021 to 2028. The residential segment is also expected to show robust growth in near future with the increasing number of houses and rising prevalence of pest such as cockroaches, rodents and ants. Governmental support in terms of various commercial pest control management programs and high affordability of pest control management services is expected to drive the segment growth in the forecast period. The growth of this segment is also attributable to the increasing infrastructure in commercial space with strict regulation for hygiene maintenance and increasing urbanization. This is attributable to rising economic activities and limited tolerance for pests in commercial areas such as offices, hospitals, foodservice industries, food and beverages etc. The Commercial segment held a share of more than 43.67% in 2020. Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.Īvail customized purchase options to meet your exact research needs. U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among othersġ0 companies with scope for including additional 15 companies upon request
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World Revenue in USD million/billion and CAGR from 2021 to 2028 Moreover, there has been a rising focus on the usage of biocides that are being extremely used to replace traditional pesticides and are environmentally friendly is also one of the factors for the market growth.īy Product Type, By Application, and By End Use Technological advancement in field of pest control has also led to an increased productivity in the last decade. Pest Control is widely used in the agricultural sector to enhance crop yield and to enhance the quality crops with application of chemical fertilizers, pesticides and other factors. Government has also been involved in stringent regulation and implementation for pest control for food safety. The changes in way food are produced, manufactured or distributed along with the climate changes have led to increasing risks of pest and this has in turn led to an increase in demand for pest control services. Growing economic activities, increasing population, increasing awareness about various ill effects caused by pest with intolerance for pests is driving the growth of market. Rising consciousness about health and hygiene especially from the residential and commercial sectors is enabling people for rising adoption of pest control products and services across the globe. There has been disruption in the supply chain and manufacturing activities were at halt during the pandemic that has led to a decline in the pest control sector, but increasing awareness among individuals about health and the ill effects caused by pests have increased the market of pest control and with the upliftment of pandemic restriction the market is expected to revive and grow at a higher growth rate.
Hence, pandemic has opened door for various business and has increased the working activity in the pest control sector.
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Sanitization and cleanliness have resulted into making homes and residentials free from pests and microorganisms. Due to the Covid-19 pandemic, people have started adopting healthier and safer food options. The market for pest control is driven by the rise in urban populations across the globe which has led to an increase in the safety of food sources and living habitats and has led to a rising concern to manage cockroaches, rodents and mosquitoes and other pests.Ĭovid-19 has increased awareness among consumers and have increased consciousness regarding health and hygiene. Most commonly found pests in residential and commercial areas are mosquito, bedbugs, termites, worms and rodents such as rats, mice and other. Pests are undesirable organisms that has potential to affect human health. Pest Control is a process of managing and regulating the spread of pests by application of physical, chemical and biological methods. The global Pest Control market accounted for more than USD 21,958.3 Billion in 2020 and is expected to reach more than USD 31,273.6 Billion by 2028, growing at a CAGR of more than 4.5% from 2021 to 2028.
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