Pest control Market Overview
Pest control Market Size is expected to reach USD 45.36 Billion by 2033. The Pest control industry size accounted for USD 24.74 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.87% from 2023 to 2033. The pest control market encompasses the use of chemical pesticides, biopesticides, and integrated pest management strategies to manage pests in agriculture, forestry, and public health. It involves the development and commercialization of products like microbial pest control agents to address insect and mite pests sustainably. The market faces challenges such as high investment requirements and the need for rapid product development. Integrated Pest Management (IPM) plays a crucial role by combining various approaches like biological control, good agricultural practices, and reduced pesticide use to keep pest levels below economically damaging thresholds. Successful IPM programs have shown reduced pesticide use and increased environmental protection.
Global Pest control Market Synopsis
The Pest control market experienced a detrimental effect due to the Covid-19 pandemic. The COVID-19 pandemic has caused supply chain hiccups, which have decreased demand or created shortages in the pest control industry. Spending by consumers and businesses has decreased significantly as a result of the travel restrictions and social distancing measures, and this trend is expected to persist for some time. The epidemic has altered end-user trends and tastes, prompting manufacturers, developers, and service providers to implement diverse tactics aimed at stabilizing their businesses.
Global Pest control Market Dynamics
The major factors that have impacted the growth of Pest control are as follows:
Drivers:
⮚     Technological Advancements
Advances in pest control technologies, such as the development of eco-friendly and sustainable pest management solutions, automation, and remote monitoring systems, enhance the effectiveness and efficiency of pest control services, driving market growth.
Restraint:
- Technological Disruption
Technological advancements, such as DIY pest control solutions and smart home devices, may disrupt traditional pest control business models and threaten market share for established companies. Companies must embrace innovation and invest in technology to remain competitive in the evolving market landscape.
Opportunity:
⮚     Eco-Friendly Products and Services
Consumers are increasingly concerned about the environmental impact of pest control chemicals. Developing and offering eco-friendly products and services, such as botanical-based pesticides, pheromone traps, and natural predators, can help companies differentiate themselves in the market and attract environmentally conscious customers.
Pest control Market Segment Overview
By Control Method
Based on the Control Method, the market is segmented based on Chemical, Biological and Mechanical. The most extensively used pest management strategy worldwide is chemical control. Chemical pesticides are widely used because of their high efficacy in getting rid of a large number of pests.
By Pest Type
Based on Pest Type, the market has been divided into Insects, Termites, Rodents and Others. One of the main pest groups for which pest control is used extensively is insects. Because of their proven ability to seriously harm both agricultural and non-agricultural regions, insects need to be controlled and eradicated using a variety of products and services.
By Application
Based on the Application, the market has been divided into Residential, Commercial, Livestock, Industrial and Other Applications. Hospitals, schools, offices, shopping centers, and other commercial buildings make up the commercial category, which is expected to continue growing. The industry is being driven primarily by the high health and financial hazards that come with a pest infestation in public and commercial spaces.
By Mode
Based on Mode, the market has been divided into Powder, Sprays, Pellets, Traps and Baits. Powder and sprays are commonly used for broad-spectrum pest control, while pellets offer targeted application. Traps and baits focus on specific pest species, offering environmentally friendly and targeted solutions.
Global Pest control Market Regional Analysis
Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Pest control, followed by those in Asia-Pacific and Europe.
Pest control North America Market
The North American region holds a dominant position in the Pest control market. Currently holding the greatest market share for pest control, North America is expected to continue holding this position over the course of the projection period. One of the main drivers propelling the regional market is the high awareness of the detrimental impacts on health and the financial loss resulting from insect assaults. The industry has also been greatly impacted by the notable rise in the quantity of residential and commercial buildings in well-known economies like the United States and Canada.
Pest control Asia Pacific Market
The Asia-Pacific region is witnessing rapid growth and emerging as a significant market for the Pest control industry. The Asia Pacific market is predicted to expand at the fastest pace during the foreseeable years. The rapid increase in urbanization activities across several developing economies of the Asia Pacific such as India, China, Malaysia, and others presents a resilient opportunity for companies and service providers. The surge in consumer expenditure and escalated awareness about toxicity caused by pests are expected to be other prominent reasons boosting the market in this region.
Competitive Landscape
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Bayer Crop science, Syngenta, Bell Laboratories, Corteva Agriscience, and Rentokil Initial plc are some of the leading players in the global Pest control Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
Key Market Players:
- Bayer Crop science
- Syngenta
- Bell Laboratories
- Corteva Agriscience
- Rentokil Initial plc
- Anticimex
- Sumitomo Chemical Co
- Rollins
- Terminix International Company
- FMC Corporation
Key Development:
On September 2022, FMC Corporation, a global leader in agricultural solutions, announced key developments in its pest control segment, potentially unveiling new formulations or innovative technologies to address evolving pest challenges. These developments likely aimed to reinforce FMC’s position as a leading provider of effective and sustainable pest management solutions, catering to the needs of agricultural and urban environments.
Scope of the Report
Global Pest control Market, by Control Method
- Chemical
- Biological
- Mechanical
Global Pest control Market, by Pest Type
- Insects
- Termites
- Rodents
- Others
Global Pest control Market, by Application
- Residential
- Commercial
- Livestock
- Industrial
- Other applications
Global Pest control Market, by Mode
- Powder
- Sprays
- Pellets
- Traps
- Baits
Global Pest control Market, by Region
-
North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
Parameters | Indicators |
---|---|
Market Size | 2033: $45.36 Billion |
CAGR | 5.87% CAGR (2023-2033) |
Base year | 2022 |
Forecast Period | 2023-2033 |
Historical Data | 2021 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Key Segmentations | Control Method, Pest Pest Type, Application, Mode |
Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
Key Vendors | Bayer Crop science, Syngenta, Bell Laboratories, Corteva Agriscience, Rentokil Initial plc, Anticimex, Sumitomo Chemical Co, Rollins, Terminix International Company, FMC Corporation |
Key Market Opportunities | Nanotechnology is an emerging opportunity that can be lucrative to players in the insect pest control market |
Key Market Drivers | The rise in vector-borne diseases such as chikungunya, malaria, and dengue which can affect human health is projected to elicit massive demand. |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Pest control Industry trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
- Historical market size for the year 2021, and forecast from 2023 to 2033
- Pest control market share analysis for each segment
- Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
- To identify and understand the various factors involved in the global Pest control market affected by the pandemic
- To provide year-on-year growth from 2022 to 2033
- To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
- Provide Total Addressable Market (TAM) for the Global Pest control Market.