U.S (New York)– The “Europe Pest Control Services Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Europe Pest Control Services Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
According to a new report published by Report Ocean, titled, “Europe Pest Control Services Market by Type, Pest Type, Application, and Region: Opportunity Analysis and Industry Forecast, 2018 – 2025,”The Europe pest control services market accounted for revenue of $2,517.2 million in 2017 and is anticipated to generate revenue of $4,025.5 million by 2025. The Europe pest control services market is projected to grow at a CAGR of 5.9% from 2018 to 2025.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Presence of major players and continuous investment in new product development by these players drive the growth of the Europe pest control market. In addition, the rise in awareness in the food industry regarding the pest attacks attributes to collaborations between food industries and pest control service providers. The Europe region is aiming on optimizing the crop yield due to which there is consistent growth in consumption of pesticides in agriculture sector. However, the stringent regulations regarding the use of chemical pesticides are expected to restrain the Europe pest control services market growth during the forecast period. The Europe pest control services market size is expanding at a significant pace on account of proximity to large number of domestic service players.
Pest control activities at industrial sites are important for the European economy. Loss caused by presence of varied species of pest affects the production and storage of a variety of goods, especially foodstuffs. Moreover, the destruction caused at industrial sites is irreversible, and therefore is extremely expensive. Hence, pest control practice is rigorously being carried out at industrial sites in Europe to avoid damage. Furthermore, the aim behind the adoption of integrated pest management (IPM) program in Europe is to reduce the deleterious effects caused by wide-range of insecticides used in agriculture.
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IPM is a decision-based operation, which requires the coordinated function of multiple tactics for optimizing the control of whole classes of pests such as insects, pathogens, vertebrates, and weeds in an ecologically and economically sound manner. The pest control strategies are integrated with the use of natural resources where natural mechanisms are expected to replace potentially polluting inputs in the region. Factors mentioned above are anticipated to increase the Europe pest control service market share in the global pest control services market, after Asia Pacific.
The Europe pest control services market is segmented based on type, pest type, application, and region. Based on type, it is categorized into chemical, mechanical, biological, and others. Based on pest type, the Europe pest control services market is classified into insects, termites, rodents, and others. Based on application it is divided into commercial, residential, agriculture, industrial, and others. Based on region, the Europe pest control services market is studied across Western Europe, Eastern Europe, and rest of the Europe.
The key players analyzed in Europe pest control servicesmarket are Anticimex, Ecolab, Rentokil Initial PLC, Eastern Termite and Pest Control Co., Cleankill Pest Controls, JG Pest Control, Cleankill Pest Controls, Rollins, Inc., The ServiceMaster, Company LLC, and Nbc environment
Key Findings Of The Europe Pest Control Services Market:
Chemical in the type segment dominated the Europe pest control services market with a revenue share of over 31.8% in 2017.
Commercial in the application segment dominated the Europe pest control services market with a revenue share of over 38% in 2017
Rest of Europe is projected to grow at a highest CAGR of nearly 6.7%, in terms of revenue, during the forecast period.
The commercial segment dominated the application segment with more than one-third share in 2017.
The Europe pest control services market trends has been analyzed across the Western Europe, Eastern Europe, and Rest of the Europe.
The qualitative data in this report aims on the market dynamics, trends, and developments in the Europe pest control services industry while the quantitative data provides information of the Europe pest control services market size in terms of revenue.
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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
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