The modern-day document posted via Report Ocean, titled “Pest Control Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global pest control market was valued at $16,883 million in 2017 and is expected to grow at a CAGR of 5.4% during the forecast period to reach $ 24,397 million by 2024. Pest control is the management of specific species that are recognized as detrimental to human health. House flies tend to reside at places where there is human activity and cause threat of health issues. The pest control management has thus become increasingly important.
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The major factors driving the demand for pest control are increase in population, changes in climatic conditions, and urbanization. Increased economic activity has led to the development of buildings for offices, houses, and hospitals. These places urge for safe and hygienic conditions, thus boosting the demand for pest control. It has been noticed that, termites cause more damage than floods and fire in North America and Australia. This also fuels the pest control market in the recent past. In addition, the impact of changes in climatic conditions majorly drives the global pest control market.
The market is characterized with presence of many small-scale operators. One of the major trend in this market is merger and acquisitions of these market players. Introduction of new biocides is anticipated to bring in new opportunities for market players.
The report segments the global pest control market based on type, pest type, application, and geography. Based on type, the market is divided into chemical, mechanical, biological, and others. Based on pest type, it is classified into insects, termites, rodents, and others. The application areas of the industry are broadly classified into residential, commercial, agricultural, industrial, and others. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global pest control market till 2024.
The prominent players in the global pest control market have strategically focused on product launch as their key strategy to gain significant share in the market.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS
This report provides an extensive analysis of the current trends and emerging estimations in the global pest control market.
In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2024.
Competitive intelligence of leading manufacturers and distributors of pest control helps understand the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the growth of the global pest control market is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled along with their strategies to determine the competitive outlook of the market.
The key players profiled in the report are
Rentokil Initial PLC
BASF SE
EcoLab Inc.
Syngenta AG
National Pest Control
Rollins Inc.
Lindsey Pest Control
Bayer AG
FMC Corporation
Rollins, Inc.
*Other players in the value chain, include
Indian Pest Control Company
Terminix International Company, L.P
Bell Laboratories Inc.
Mitie Group PLC
Brunswick Pest Control Inc
Venus Pest Company
OPC Pest Control
Pesitcon
Home Paramount Pest Control
Wil-Kil Pest Solutions
KEY MARKET SEGMENTATION
By Type
Chemical
Mechanical
Biological
Others
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By Pest Type
Insects
Termites
Rodents
Others
By Application
Residential
Commercial
Agricultural
Industrial
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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