The “Pest Control Market By Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Type of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026” report was added ResearchAndMarkets.com Offer.
The pest control market is estimated at USD 22.7 billion in 2021 and is expected to grow at an annual growth rate of 5.1% to USD 29.1 billion by 2026.
The growth of the pest control market is being driven by advances in insecticide formulations and increasing urbanization, as well as the creation of megacities, which have had a profound impact on pest control demand. The continued and extensive use of chemical compounds to eliminate or reduce pest infestation has led to the development of pest resistance to conventional pest control products. This resistance can be divided into metabolic resistance, resistance at the target site, penetration resistance and behavioral resistance.
The termite segment is expected to show the fastest growth in the market by pest type during the forecast period.
On the basis of the pest type, the pest control market is divided into insects. Rodents; Termites; Wildlife; and other pest species that include birds, reptiles, and mollusks. Termites are major pests worldwide and cause high public losses in public places, households and in the industrial sector.
Termite species that require pest control include wet wood termites, dry wood termites, formosan termites, underground termites, dessert termites, and conehead termites. Coptotermes vastator are a species of termite that is common in tropical regions. another species called Coptotermes spp. (underground termite) is widespread in Southeast Asia.
The chemical methods segment had the largest share in 2020.
Based on the control method used by pest control professionals, chemical control methods are observed to hold the dominant share in the pest control market. Chemical control is based on substances that are toxic or toxic to pests. Chemical pesticides are used to control pests and diseases caused by pests.
The story goes on
Chemical pesticides are widely used because of their relatively low cost. simple application; Effectiveness; Availability; and stability. Use of chemical pest control solutions must be carried out by a licensed service provider and trained technician who is aware of the effects of the products on the environment.
According to the forecast, the residential segment is expected to grow with the highest CAGR in the forecast period.
Due to the application, the residential segment is expected to hold the largest market share between 2021 and 2026. The residential segment is expected to have strong potential for pest control service providers. This potential is mainly carried by the middle class and the increased purchasing power parity of the people.
Increasing population density, climate change and growing economic activity can lead to a lack of resources and facilities to avert or reduce pollution risks. In addition, improper hygiene practices and inefficient public health enforcement processes are believed to cause residential health risks.
The pest control market in the Asia-Pacific region is forecast to grow rapidly.
The Asia-Pacific market is expected to be the fastest growing market for the period considered for this study due to the strong growth potential given the widespread urbanization and increasing need for pest control in the megacities of China and India. In addition, due to the increasing pest awareness of consumers, service providers and pesticide suppliers are looking to the Asia-Pacific region and are trying to expand their influence on the markets through joint ventures and acquisitions.
Market dynamics
driver
-
Increase in vector-borne disease outbreaks to promote public health initiatives
-
Effects of climate change on pest proliferation
-
Growing acceptance of digital applications and technologies
restrictions
opportunities
Challenges
-
Growth in pest resistance to chemical compounds
-
Lack of skilled workers in carrying out pest control measures
-
Insufficient AI knowledge and skills
Influence of COVID-19 on market dynamics
Industry trends
Supply chain analysis
-
Pest control manufacturer
-
Research & testing
-
Manufacturing
-
packaging
-
Sales, Marketing & Sales
-
Pest control software and service providers
-
R&D of the product
-
Raw materials & manufacturing
-
Assembly
-
Sales, Marketing & Sales
Technology analysis
IoT rollout in Asia Pacific
Social media buying behavior of small and medium-sized pest control companies in Asia Pacific
Average sales price development
Ecosystem
Trends / disruptions affecting the customer’s business
Porter’s Five Forces Analysis
Patent analysis
Case study analysis
-
Use case 1: The Anticimex IoT solution enabled digitally connected traps to be created
-
Use case 2: Rentokil used IoT solutions to grow their customer base and improve customer loyalty
Leading players in this report:
Suppliers of pesticides:
-
Bayer Cropscience (Germany)
-
Syngenta AG (Switzerland)
-
BASF (Germany)
-
FMC Corporation (USA)
-
Sumitomo Chemicals Co. Ltd. (Japan)
-
ADAMA (Israel)
-
Corteva Agriscience (USA)
-
PelGar International (UK)
-
Bell Laboratories Inc. (USA)
-
JT Eaton & Co., Inc. (USA)
Service provider:
-
Rentokil Initial Plc (UK)
-
The Terminix International Company LP (USA)
-
Rollins Inc. (USA)
-
Ecolab (USA)
-
Anticimex (Sweden)
-
RATSENSE (Singapore)
-
Brandenburg (West Midlands)
-
Adams Pest Control (USA)
-
Woodstream Corporation (Pennsylvania)
-
V3 Smart Technologies (Singapore)
Please visit https://www.researchandmarkets.com/r/vefzu6 for more information on this report
View source version on businesswire.com: https://www.businesswire.com/news/home/20210505005567/de/
contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For EST office hours, call 1-917-300-0470
For US / CAN Toll Free, call 1-800-526-8630
For GMT office hours, call + 353-1-416-8900
