Pest control is defined as regulation or management of species of the animal kingdom that impact human activities and hamper the performance of various human related activities. Pest control measures may be performed as part of an integrated pest management strategy. For instance, keeping pests at bay through cultural, chemical, and biological means is a common strategy employed in the agriculture industry. Furthermore, plowing and cultivation of the soil before sowing mitigates the nuisance of pests. There is a modern trend to limit the use of pesticides as far as possible. This can be achieved by monitoring the crop and applying insecticides only when necessary. Growing crops that are resistant to pests is another way of limiting the usage of pesticides.
Rise in urbanization and industrialization is also boosting the demand for pest control products. This, in turn, is augmenting the pest control market. Additionally, the change in climatic conditions, which helps in the growth of pests, is propelling the demand for pest control products. Implementation of stringent regulations regarding pest control in commercial buildings, hospitals, etc. is also fueling the demand for pest control products. This, in turn, is driving the pest control market.
Problems in proper application of pest control products is acting as a major restraint of the pest control market. Pest control products also remain in the atmosphere and form residue and accumulate, leading to health issues for consumers. Pest control products also remain in the soil for a longer time. This causes soil pollution. This is also hampering the pest control market.
Based on type, the pest control market can be segmented into chemical pest control, mechanical pest control, biological pest control, and others.
In terms of pest type, the pest control market can be divided into insects, termites, rodents, and others.
Based on application, the pest control market can be segregated into commercial, residential, agricultural, industrial, and others. Of these, the agricultural segment is expected to expand at the highest CAGR during the forecast period. In terms of value, the commercial and residential segments collectively accounted for more than 50% share of the pest control market in 2018. In terms of value, the agricultural segment holds significant share of the market owing to the rising need for the protection of crops.
Based on region, the pest control market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market owing to the implementation of new food safety and hygiene legislations in the region. North America accounted for almost 50% share of the global pest control market in 2017. The market in the region is anticipated to expand significantly, led by the rise in awareness about the outbreak of diseases related to pests.
Key players operating in the pest control market are Rentokil Initial PLC, BASF SE, Ecolab Inc., Syngenta AG, National Pest Control, Orkin, LLC, Lindsey Pest Control, Bayer AG, FMC Corporation, and Rollins, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.