Pest Control Market
The Global Pest Control Market size was valued at USD 20.03 billion in 2019, and is predicted to reach USD 35.34 billion by 2030, with a CAGR of 5.2% from 2020-2030.
Pest control is a mode of treatment utilized to control, prevent, or eradicate the progression of pests that not only damage agricultural crops and furniture but also cause various ailments in human, affecting the life routine. The primary step in professional pest control services is inspection, followed by physical, chemical, biological, or mechanical treatments. Pest control eradicates majorly occurring species like insects, rodents, bed-bugs, and such other organisms, that tend to foster in human habitat.
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Top Companies: BASF SE, Rollins, Inc., Rentokil Initial Plc., Bayer AG, Ecolab, The ServiceMaster Company LLC, FMC Corporation, Anticimex, Syngenta, Terminix UK Ltd, Dodson Pest Control, Inc., Lindsey Pest Services and others.
The global pest control market share has been analyzed based on pest type, control method, method of application, application, and geography. Based on pest type, the pest control market is segmented into insects, termites, rodents, and wildlife. Based on control method, the market is divided into chemical, biological, and mechanical treatment methods. Based on mode of application, the market is divided into sprays, baits, and traps. Based on application, the pest control market is divided into residential, industrial, and commercial. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America region represents a developed market, and is expected to dominate the global pest control market throughout the forecast period, accounting for the highest market share. This is attributed to advancement in product formulations, higher prevalence of maintaining health & hygiene in homes and offices, and presence of key market players in this region. Asia Pacific region is expected to grow with the highest CAGR values in the global pest control market, demonstrating a substantial market growth. This is due to rapid urbanization, uneven climatic conditions as well as untapped market opportunities offered by the emerging economies specifically India, China, and Japan, present in this region.
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