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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

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Pest Control Market