Pest Control Services Market is Expanding; Digital Transformation Has Been a Key Growth Enabler, as per FMI
Climatic changes are primary factors fuelling the demand for pest control services. Future Market Insights (FMI) also projects the sales to surge as a result of the increasing number of home ownership. The rising number of government and private offices for instance meant consistent demand for pest control services and products.
Global Pest Control Services Market
A recent market study published by Future Market Insights on the pest control services mar...
Governments around the world have upped the standard of cleanliness and hygiene to be maintained across places of public gathering. This has invariably amplified demand for pest control services in offices, hospitals, as well as commercial errors. Hospitals and healthcare centers in particular are required to maintain a certain standard of cleanliness, which makes pest control services imperative for them.
The demand for pest control services has visibly risen in residential and hospitality sectors as well. The rising cases of termite infestation in housing sector has been fuelling the demand for pest control services. Spurred by these factors, the global pest control services market is forecast to 6% CAGR between 2020 and 2030.
FMI in its recent study analyzes the various factors encouraging growth in the pest control services market. It uncovers the hidden opportunities for market players as well as highlights the potential threats.
Some of the Key Takeaways from the Market Study are:
- North America is expected to dominate the global pest control services market. Rising focus on agricultural; intensification is driving the market in the region, backed by exponentially high demand in the U.S.
- The demand for chemical control services is expected to surge, enabling them account for the leading share in the market in terms of services
- Demand for insect control services is expected to surge at a higher pace
- Residential sector is expected to show higher adoption of pest control services in comparison to commercial and agriculture segments
Increasing Deployment of Digital Pest Control Positively Influencing Growth of the Market
At a time when most industries are adopting digitization, pest control services market is no exception to technological transformation. Digital transformation is enabling companies to offer solution to same old pest infestation problems in more precise and innovative manners.
An increasing number of companies are using sensors and IoT enabled pest management solutions to alert their customers about possible pest infestation. They are also using technology to prevent, monitor and manage pest control effectively.
Bayer Environmental Science Company has developed a Rodent Monitoring System (RMS- a wireless network that digitally displays activity and trap status of the operator. It detects and alerts that rodent traps through an automated process. This type of technology advancement by company is attracting customers towards new pest control services.
Rentokil Initial PLC has devised myRentokil, which is an online portal that supports the customer’s business auditing needs. ‘Let’s chat’ is another application developed by the company that allows the customer to consult an expert on chat.
It has engineered PestConnect application that uses latest pest control technology providing 24/7 digital pest management across the globe. Thus, digital support is significantly company to grow in the pest control industry.
“Ongoing pandemic has dislocated the supply chain of pest control services, hence decline in the sales is likely during Q1-Q3, 2020 however in Q4 the market is estimated to show positive sign of recovery. Companies are therefore focusing on launching novel services and customizing them to woo consumers. They are also adopting integrated pest management (IPM) programs to sustain amid competition prevailing in the market,” said a lead analyst at FMI.
Who is Winning?
Some of the key players in the global pest control services market include Rollins, Inc., Rentokil Initial PLC, Anticimex, Cook's Pest Control, Inc., ABC Home & Commercial Services, Animal Pest Management Services, Inc., Lloyd Pest Control, Green Earth Pest Control, LLC, Aptive Environmental, LLC, Home Paramount Pest Control, LLC, Dodson Pest Control, Environmental Pest Service, LLC, Truly Nolen of America, Inc., Florida Pest Control & Chemical, Massey Services, Inc., Arrow Exterminators, Ecolab, Inc., Green Pest Solutions, Apex Pest Control, Inc., Hulett Environmental Services, Plunkett's Pest Control, Senske, Inc. and others.
Key players in the pest control services market are collaborating through mergers and acquisitions with small scale players. For instance, in 2019, AlphaBio Control in partnership with Bayer gain distribution rights for its innovative new biological pest control services. The partnership aimed to commercialization of biological pesticide for non-agricultural and agriculture use.
Get Valuable Insights into Pest control services Market
Future Market Insights, provides an unbiased analysis of the global Pest control services market in its new offering, giving historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the Pest control services market based on service type (chemical control services (organic, synthetic), mechanical control services, and other pest control services), application (rodent control, insect control (cockroaches, ants, bedbugs, termites, mosquitoes, wasps, flies, and other insect control), wildlife control (birds and fleas), and other applications), end-user (residential, commercial and agricultural), and pest control product (insecticides, rodenticides, other chemicals, mechanical, and other products) across seven major regions
About Services and Utilities Division at Future Market Insights
Expert analysis, qualitative insights, and strategic recommendations – the Services & Utilities team at Future Market Insights helps clients from all over the globe meet their unique business intelligence needs. The team keeps an eye on evolving trends and recent developments in services and utilities market to offer end-to-end research and reliable consulting services; get in touch to know how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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