An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Residential Pest Control Products Market” has been showcased on Report Ocean.
The “Global Residential Pest Control Products Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Residential Pest Control Products Market.
Global Residential Pest Control Products Market is valued approximately USD 6.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2022-2029.
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Residential Pest Control Products refer to any substance that are intended for preventing, repelling, pests from premises of residential settings such as apartments, residential societies, and independent houses among others. These products are utilized to destroy various insects including flies, bed bugs, ants, termites, wasps, cockroaches, mosquitoes, and spiders among others. The increasing prevalence of infectious diseases and growing popularity of organic pest control products as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista – in 2021, the global insect repellent market was estimated at USD 4.2 billion, and the market is projected to grow to USD 4.6 billion by 2023. Moreover, the rising incidences of infectious diseases is another factor contributing to the growth of the Global Residential Pest Control Products Market. For instance, as per Centers for Disease Control and Prevention estimates – as of 2019, the emergency department visits with infectious and parasitic diseases were estimated at 3.4 million, Furthermore, around 523,000 of these emergency department visits resulted in hospital admission. Also, rising emergence of eco-friendly pest products and increasing advancements in UV and LED technology-based electronic insect traps would create lucrative growth prospectus for the market over the forecast period. However, health concerns associated chemicals-based pesticides stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Residential Pest Control Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as rising demand for organic paste control products in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising prevalence of infectious diseases as well as growing real estate sector in the region.
Major market players included in this report are:
- BASF SE
- Bayer AG
- Anticimex
- Ecoclear Products
- Ecolab
- Fmc Corporation
- Syngenta
- Nbc Environment
- Adama Ltd
- Sumitomo Chemical Co. Ltd.
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Recent Developments in the Market:
In June 2022, SC Johnson launched new range of bug killer sprays and mosquito repellents named STEM. This new range is made from plant-derived active ingredients like lemongrass, mint, and rosemary oils.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application Techniques, Pest Type, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Type
Chemical Control
Physical Pest Control
Organic Pest Control
By Application Techniques
Sprayers
Dusters
Space Treating Equipment
Others
By Pest Type
Insects
Nematodes
Weeds
Rodents
Others
By Distribution Channel
Supermarket/Hypermarket
Independent Retail Stores
E-commerce
Others
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Residential Pest Control Products market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Residential Pest Control Products market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Residential Pest Control Products market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Residential Pest Control Products market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Residential Pest Control Products market. It encapsulates indispensable insights extracted from the Residential Pest Control Products Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Residential Pest Control Products market, including:
- What can be expected for the Residential Pest Control Products market in the next decade?
- What are the primary drivers of growth in the global Residential Pest Control Products market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Residential Pest Control Products market vary based on the size of the end market?
- What is the breakdown of Residential Pest Control Products by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Residential Pest Control Products market?
Our most recent research report showcases the thriving expansion of the global Residential Pest Control Products Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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