Pest Management Services Market Business Opportunities,
Pest Control Services Market
Allied Market Research published a report titled Pest Control Services Market By Type (Chemical, Mechanical, Biological, and Others), Pest Type (Insects, Termites, Rodents, and Others), and Application (commercial, residential, agricultural, industrial). , and others): Global Opportunity Analysis and Industry Forecast, 2019-2026. “According to the report, the global pest control services industry was $ 13.2 billion in 2019 and is projected to reach $ 19.0 billion by 2026, up from 2019 through Will grow at an annual growth rate of 6.25% in 2026.
Main determinants of growth
Frequent changes in climatic conditions, the presence of many regulators across Europe and the ready availability of pest control products are fueling the global market for pest control services. However, health hazards related to pest control chemicals are hindering market growth. On the other hand, the emergence of organic chemicals in pest control creates new opportunities in the coming years.
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The chemicals segment is expected to maintain its dominant position in the forecast period
Depending on the type, the chemicals segment contributed nearly a third of the total share of the global pest control services market in 2018 and is expected to maintain its dominant position over the forecast period. This is due to its inexpensive nature and quick application. However, due to the rapid process of getting rid of pests including rats and squirrels, it is estimated that the mechanical segment will continue to have the highest CAGR of 7.0% from 2019 to 2026.
The commercial segment will maintain its leading position throughout the forecast period
Based on the application, the commercial segment had the highest share of the global Pest Control Services market with more than two-fifths of the total market in 2018 and is expected to maintain its leading position throughout the forecast period. This is due to the rise in pest control applications in commercial locations such as restaurants, hospitals, farms, households, and forest plantations. In addition, the agricultural segment is expected to see the largest CAGR of 8.9% from 2019 to 2026 as food production has soared and crop protection issues need to be addressed.
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North America will maintain its highest revenue contribution through 2026
On a regional basis, North America had the highest market share in terms of sales, representing nearly half of the global pest control services market in 2018, and is expected to maintain its highest sales contribution through 2026. This is due to an increase in construction repair work and an increase in the introduction of pest control practices in the commercial sector. However, the Asia-Pacific region is expected to see the fastest CAGR of 8.2% from 2019 to 2026 due to increasing demand in the residential sector, emerging markets of India and South Korea, and innovative methodology.
Leading market players
Rentokil Initial plc
The ServiceMaster Company, LLC.
Dodson Pest Control, Inc.
Lindsey Pest Control Services
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