The Global Pest Control Market size is estimated to be USD 20.03 billion in 2019 and is predicted to reach USD 33.90 billion by 2030 with a CAGR of 4.9% from 2020-2030. Pest Control is done for the killing and avoids the attacks of various pests such as insects, rodents, bugs and others. These insects not only damage the crops and furniture but also can cause various diseases and affect the normal life. During pest control various different chemicals and substance are used which helps in the complete elimination of pests.
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Over the period of time there has been increase in the awareness among people and increase in healthcare and hygiene concerns are expected to support the market growth over the forecast period. Furthermore, changing climatic conditions and easy availability of pest control products are expected to drive the growth of pest control market.
There are various others factors such as increase in urbanization and advancement in the conventional formulations due to the development of resistance among pests are also expected to contribute the growth of pest control market. However, toxicity and side effects and high cost of the advanced formulations are expected to hamper the growth of pest control market. New Product launches, development of new formulations with increase use of biological method are expected to create lucrative growth opportunities in the near future.
Market Segmentations and Scope of the Study:
The global pest control market share is analyzed on the basis of pest type, control method, method of application, application and geography. On the basis of pest type, the market is segmented into insects, termites, rodents, and wildlife. On the basis of control method, the market is divided into chemical, biological and mechanical. On the basis of mode of application, the market is divided into sprays, baits and traps. On the basis of application, the market is divided into residential, industrial and commercial. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
North America represents the developed market and accounts the major market share over the forecast period owing to the presence of develop countries. Furthermore, increased hygiene and healthcare practices, coupled with advanced formulations are expected to support the growth of pest control market in the near future.
It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increased awareness about pest control rapid urbanization with drastic changing climate.
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The overall market is highly competitive and fragmented in nature, which consists of various players. It includes companies with substantial market share, such as Rentokil Initial Plc., BASF SE, Rollins, Inc., Bayer AG, Anticimex, Ecolab, The ServiceMaster Company, LLC, FMC Corporation, Syngenta, Dodson Pest Control, Inc., and Lindsey Pest Services among others.
There have been various developments taken place which keeps on going in the near future as well and promote overall market size. For instance, In January 2018, BASF launches pest perks program to reward pest management professionals for year-long purchases across entire BASF pest portfolio