Pest Control Market study provides Worldwide Overview and Forecast 2030, Size And Trends
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The global pest control market size was USD 22.91 billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to
VANCOUVER, BC, CANADA, September 14, 2022 /EINPresswire.com/ — The global pest control market size was USD 22.91 billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to the latest analysis by Emerging Research. Rising demand for low-toxic, more sustainable, and environment-friendly pest control methods is driving revenue growth of the market. Pests are one of the key problems for farmers that restricts them in achieving higher production in agriculture crops. In addition, countries such as India lose about 25% of their crops due to diseases and pests every year. Moreover, pest controllers protect crops during transport and storage and increase productivity of land and minimize yield losses. Furthermore, insecticides also protect buildings and other wooden structures, such as beds, staircases, and furniture, from damage by termites and woodboring insects.
However, unscientific and high use of pesticides in productive lands has led to problems such as pests developing resistance, environmental degradation, lower quality food, and soil contamination. In addition, excessive use of chemical pest controllers leaves residues in water, and soil, is expected to hamper market growth.
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Some key highlights from the report
The commercial segment is expected to register a rapid revenue CAGR due to rapid urbanization and rising new infrastructure projects. High economic and health risks associated with pest is increasing demand for pest control in commercial and public places. In addition, rising government pest management programs are also driving revenue growth in this segment.
The termites segment is expected to register a steady revenue CAGR over the forecast period. These cellulose-eating insects cause damage to wood and furniture. The US is home to about over 50 species of termites and according to the United States Department of Agriculture (USDA), the US residents spend over USD 1 billion on termite control products. In addition, homeowners spent on an average about USD 3,000 on repairs caused by termites, which has increased demand for termite controllers and is driving revenue growth in this segment.
The North America market accounted for largest revenue share in 2021 due to rising demand for herbicides for killing weeds in agricultural lands. Furthermore, rising demand for organic pesticides owing to less chemical content and being environment-friendly is also driving market growth in this region.
Additionally, the presence of leading market players such as Dentsply Sirona is causative of market revenue growth in the region.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
The prominent manufacturers operating in the market are Bayer AG, BASF SE, Corteva, ADAMA, Syngenta, Bell Laboratories Inc., FMC Corporation, Ecolab, Rentokil Initial plc., Rollins, Inc., Truly Nolen, and Anticimex.
They have adopted various strategies, such as new product launches, mergers & acquisitions, expansions, partnerships, joint ventures, and others to strengthen their position in the market.
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The report studies the types and applications of the global Pest Control market. The report categorizes the Pest Control industry into different types covering different products supplied in the Pest Control market. Each type is briefly described in the report such that why it is used, the main sources, the production costs, and the processing involved in it. Depending upon various applications of the products and services in the market, the Pest Control market is categorized in the following non-exhaustive list of products. The application segment is anticipated to grow rapidly shortly due to its unique features and solutions, other crucial information about the types and applications is given in the report.
Emergen Research has segmented the global pest control market based on type, control methods, mode of application, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Control Methods Outlook (Revenue, USD Billion; 2019-2030)
UV radiation devices
Mode of Application Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
Storage & transport facility
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.emergenresearch.com/purchase-enquiry/1066
Leading businesses who are looking for new sources of income will find this research to be quite helpful in understanding the market and its underlying dynamics. It will be helpful for businesses looking to diversify into new markets or increase the scope of their current operations.
How will this report benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Pest Control market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Pest Control with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilize the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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What Questions Should You Ask Before Buying a Market Research Report?
• How is the Pest Control market evolving?
• What is driving and restraining the Pest Control market?
• How will each Pest Control submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
• How will the market shares for each Pest Control submarket develop from 2022 to 2030?
• What will be the main driver for the overall market from 2022 to 2030?
• Will leading Pest Control markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
• Who are the leading players and what are their prospects over the forecast period?
Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.
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September 14, 2022, 11:46 GMT
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