Pest control

Size of the pest control market worth USD 33.83 billion, globally, by 2030 at a CAGR of 4.3%: Emergen Research

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Rapid advancements and innovation in pest control technologies are a key driver of market revenue growth

The global pest control market size was USD 22.91 billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to the latest analysis from Emergen Research. Rising demand for low-toxic, more sustainable and environmentally friendly pest control methods is driving the market revenue growth. Pests are one of the major problems for farmers, which hinders them from increasing the production of agricultural crops.

In addition, countries like India lose about 25% of their crops each year to diseases and pests. In addition, pest controllers protect crops during transport and storage and increase land productivity and minimize yield losses. Additionally, insecticides also protect buildings and other wooden structures, such as beds, stairs, and furniture, from damage caused by termites and wood-eating insects.

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The report further studies the major companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers an overview of their market reach and global position, as well as highlights on their achievements and financial status.

Key Players/Manufacturers profiled in the report are:

Bayer AG, BASF SE, Corteva, ADAMA, Syngenta, Bell Laboratories Inc., FMC Corporation, Ecolab, Rentokil Initial plc., Rollins, Inc., Truly Nolen and Anticimex.

Pest Control market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, global presence, locations and production facilities, production capacities, company strengths and weaknesses, product launch, product breadth and breadth, application dominance. The data points above provided are only related to the business orientation related to the pest control market.

A few highlights

  • The commercial segment is expected to register a rapid revenue CAGR owing to rapid urbanization and the ramp-up of new infrastructure projects. The high economic and health risks associated with pests increase the demand for pest control in commercial and public places. Additionally, the increase in government pest control programs is also driving revenue growth in this segment.
  • The termite segment is expected to register a stable revenue CAGR during the forecast period. These cellulose-eating insects damage wood and furniture. The United States is home to approximately more than 50 species of termites, and according to the United States Department of Agriculture (USDA), US residents spend over $1 billion on termite control products. Additionally, homeowners spent an average of around $3,000 on termite repairs, which increased the demand for termite controllers and spurred revenue growth in this segment.
  • The North American market accounted for the largest revenue share in 2021 owing to the growing demand for herbicides to kill weeds in farmland. Additionally, growing demand for organic pesticides owing to their low chemical content and environmental friendliness is also driving the market growth in this region.

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Emergen Research has segmented the global pest control market on the basis of type, control methods, mode of application, application, and region:

  • Type Outlook (Revenue, USD Billion; 2019-2030)
  1. 1. Mosquitoes
  2. 2. flies
  3. 3. Cockroaches
  4. 4. Ants
  5. 5. Drawing pins
  • Rodents
  • Others
  • Control Methods Outlook (Revenue, USD Billion; 2019-2030)
  1. 1. Insecticides
  2. 2. Herbicides
  3. 3. Rodenticides
  4. 4. Repellents
  5. 5. Others
  1. 1. Plant extracts
  2. 2. microbial
  3. 3. Predatory insects

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Post-covid-19 outlook: Readers of the section will understand how the pest control market scenario has changed across the globe during the pandemic and post pandemic. The study is carried out keeping in mind the changes in aspects such as production, demand, consumption and supply chain. The market experts have also highlighted the key factors which will help create opportunities for the players and stabilize the overall market in the coming years.

Major Regions Covered in the Pest Control Market Report:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Answers to key questions in the report:

  • What are the key factors driving the global pest control market?
  • Who are the main manufacturers on the market?
  • What are the market openings, market risks and market outline?
  • What are sales volume, revenue, and price analysis of top manufacturers of Pest Control market?
  • Who are the distributors, traders and dealers of Pest Control Market?
  • What are the Pest Control market opportunities and threats faced by the vendors in the global Pest Control industries?
  • What are the deals, revenue, and value review by market types and uses?
  • What are the transactions, revenue and value review by business areas?

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