Pest Control Services Market Shows Steady Rise at 6% CAGR
The global pest control services market was anticipated to be valued at US$ 19 Bn in 2019 and is projected to exhibit a CAGR of 6% during the forecast period (2019-2029). North America holds a higher share as compared to other regions since most of the companies are engaged in providing services in the U.S. due to intense demand for pest control services witnessed in the country.
Key Highlights
How will the pest control services market landscape shape during the forecast period?
The pest control services market continues to grow with a modest CAGR during the forecast period owing to increasing number of government initiatives for hygiene solutions, increasing public awareness for pest control services, and increasing adoption of modern agriculture concept across the globe.
Which pest control service will be highly preferred in the foreseeable future?
Demand for mechanical control services are expected to see a robust growth during the forecast period due to adverse side effects associated with chemical pest control services and limited availability of resources fororganic pest control services.
Which region is expected to be the lucrative for pest control services?
East Asia is expected to offer new growth opportunities for market growth, with increasing use of pest control services in the commercial sector.
Which application is expected to be attractive for pest control services?
Pest control services for insect control is expected to hold the largest share in the global pest control services market owing to growing concerns for diseases and hygiene associated with insects.
How emerging technologies are supporting the pest control services market growth?
The introduction of artificial intelligence is benefitting companies with ease in management of customer’s data such as scheduling on property services.
What are the coming trends shaping pest control services market?
Adoption of organic pest control services and product innovation for novel service option are expected to be the rising trends followed during the forecast period.
What are the challenges faced by new entrants in the pest control services market?
According to National Pest Management Association, there are around 20,018 companies in North America offering pest control services. This intense competition is limiting new entrants in the market.
Residential and Commercial Sectors Exhibit High Demand
Residential and commercial buildings are the common places of habitat for pests. Pests occur periodically- may be monthly, bimonthly, or quarterly. Pest control service providers across the world, have asset-light business models. Typically 1%-3% are capital expenditures of the total sales, which includes land, operating equipment, and technology. Commercial customers generally secure a multi-year contract with the pest control services providers while the residential customers agree to one-year contract that renews at the end of the contract. These factors are positively influencing growth of the pest control services market across the globe. With innovation enetring into the agriclutural fields, manufacturers are introducing advanced seed scripiting tools that pair several data sets, aiding farmers in enhancing thier farming capabilties in agri-natural eneny pest control.
North America Expected to Hold Leading Market Share
North America is expected to hold the significant market share in the global pest control services market due to increasing adoption of pest control services by residential segment in the region. Agricultural intensification and climate changes are also among the factors that are expected to support the growth of the pest control services market in North America. The pest control service market in East Asia and South Asia are expected to witness a rapid growth during the forecast period, due to increasing focus on sustainable agriculture methods by countries such as China and India. Europe is expected to hold a significant share in the global pest control services market due to significant adoption of pest control services by the commercial sector.
Digital Pest Control Services to Boost Market Growth
Pest control services are no exception to growing technological advancement. Services are being digitalized using sensors, smartphones, apps, mobile connectivity, cloud storage, and data analytics (as a part of Integrated Pest Management). Digital pest control services deliver a high level of facilities effectively with a speedy response, insights, and productivity. Deployment of digital pest control services is estimated to take pest control services to next level. It optimizes and monitors pests and alerts the pest control service provider on its occurrence.
Chemical Control Services holds leading revenue share
Please Mechanical Control Services to showcase noteworthy CAGR.
Insect Control holds leading revenue share
Rodent Control to showcase noteworthy CAGR.
Insecticides holds leading revenue share.
Rodenticides to showcase noteworthy CAGR.
Residential holds leading revenue share.
Agricultural to showcase noteworthy CAGR.
How Growth will Unfold
Rapid urbanization has raised serious concerns for public health and standards of hygiene, globally. According to the United Nations, 82% of the North American population lived in urban areas in 2018 and is estimated to reach 90% by 2050. Urbanization has increased the housing demand, significantly. This is expected to benefit the pest control services market in terms of pest control and maintaining a hygienic environment for living.
Moreover, rising number of hotels are also contributing to the market growth. Hotels are estimated to have increased business pressure to rectify its image with hygienic services. In 2018, around 80% of the U.S. hotels experienced the presence of bed bugs. Thus, adoption of pest control services in hotels is expected to increase rapidly during the forecast period. Given the scenario, different segments are likely to exhibit high demand for pest control services. For instance, over the course of the forecast period, the market is expected to witness high demand from the insect control segment. Manufacturers of natural insect repellent products are shifting thier focus toward integrated marketing communications, leveraging the reach of the internet, radio, horadings, newspapers, billboards, and television for creating awareness about these diseases.
Manufacturers of insect repellent products are shifting their focus toward integrated marketing communications, leveraging the reach of the internet, radio, hoardings, newspapers, billboards, and television for creating awareness about these diseases, while promoting their products.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Pest Control Services Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019 - 2029
A recent market study published by Future Market Insights (FMI) on pest control services market offers global industry analysis for 2014-2018 and opportunity assessment for 2019-2029. The report offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Pest Control Services Market Taxonomy
The global pest control services market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
Service Type
- Chemical Control Services
- Mechanical Control Services
- Other Pest Control Services
Application
- Rodent Control
- Insect Control
- Wildlife Control
- Other Applications
Pest Control Product
- Insecticides
- Rodenticides
- Other Chemicals
- Mechanical
- Other Products
End User
- Residential
- Commercial
- Agricultural
Regions
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
What's Included
The report commences with the executive summary of the pest control services market, which includes a summary of key findings and key statistics of the market. It also includes market value (US$ million) estimates of leading segments in the pest control services market.
Readers can find the detailed taxonomy and definition of the pest control services market in this chapter, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which helps the reader in understanding the scope of the pest control services market report.
The report provides key market trends that are expected to impact market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations.
This section includes key inclusions of the report. It offers product adoption and usage analysis, effective quality control, establishment of export markets and opportunity analysis, and strategies followed by manufacturers for market expansion.
This chapter includes the detailed analysis of the historical pest control services market value, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019–2020), and an incremental opportunity for the forecast period (2019 – 2029).
This chapter explains key macroeconomic factors that are expected to influence the growth of the pest control services market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the market. It also offers key market dynamics of the pest control services market, which include drivers, restraints, and trends. Moreover, it will help readers understand key trends followed by leading manufacturers in the pest control services market.
Based on service type, the pest control services market is segmented into chemical pest control services, mechanical pest control services, and other pest control services. In this chapter, readers can find market attractiveness analysis, based on service type.
This chapter provides various details about the pest control services market on the basis of application, and has been classified into rodent control, insect control, wildlife control and other applications.
This chapter provides details about the pest control services market on the basis of end user and has been classified into residential, commercial and agricultural along with market attractiveness analysis.
This chapter provides details about the pest control services market on the basis of pest control product and has been classified into insecticides, rodenticides, other chemicals, mechanical, and others.
This chapter explains how the pest control services market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia and Pacific, and the Middle East and Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America Pest Control Services market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on service type, application, end user, pest control product, and countries in North America.
Readers can find detailed information about several factors, such as pricing analysis and regional trends, which are impacting the growth of the Latin America pest control services market. This chapter also includes growth prospects of the market in leading LATAM countries such as Brazil, Mexico, and the rest of Latin America.
Important growth prospects of the Pest Control Services market in several countries such as Germany, the UK, France, Spain, Italy, BENELUX, Russia, Poland , Nordic and the rest of Europe are included in this chapter.
India, Thailand, Indonesia and Malaysia are leading countries in the South Asia region, which are prime subjects of assessment to obtain growth prospects of the market. Readers can also find detailed information about growth parameters of the South Asia Pest Control Services market during the forecast period.
This chapter highlights the growth of the pest control services market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers in understanding key factors that are responsible for the growth of the pest control services market in East Asia.
This chapter highlights the growth of the pest control services market in Oceania by focusing on Australia and New Zealand. This section also helps readers in understanding key factors that are responsible for the growth of the pest control services market in Oceania.
This chapter provides information about how the pest control services market will grow in major countries of the MEA region, such as GCC Countries, South Africa, Northern Africa, and the rest of MEA, during the forecast period.
This chapter provides information market analysis of companies, market concentration of companies, market share of top players and their presence.
In this chapter, readers can find a comprehensive list of all leading stakeholders in the pest control services market, along with detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent company developments. Some market players featured in the report are Rollins, Inc., Ecolab, Inc., Rentokil Initial plc, Massey Services, Inc., Arrow Exterminators, Anticimex, Cook's Pest Control, Inc., Aptive Environmental, LLC, Truly Nolen of America, Inc., ABC Home & Commercial Services, Green Pest Solutions, Apex Pest Control, Inc., Animal Pest Management Services, Inc., Lloyd Pest Control, Dodson Pest Control, Environmental Pest Service, LLC., Florida Pest Control & Chemical, Green Earth Pest Control, LLC., Home Paramount Pest Control, LLC., Hulett Environmental Services, Plunkett's Pest Control, Senske, Inc. and others.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the pest control services market.
How the research was conducted?
Primary Research
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Newt development in Pest Control Services manufacturing
- Leading players in Pest Control Services
- Key strategies followed by Pest Control Services manufacturers
- Average Selling Price (US$) and market growth for Pest Control Services
- Key developments in Pest Control Services market
- Key trends and opportunities
- Region-wise dynamics
- Market share information
- Competition & key vendor strategies of Pest Control Services
Secondary Research
- California Department of Pesticide Regulation
- Food Chain Certification,
- AIB International,
- NDSU
- United States Environmental Protection Agency
- Virginia Pesticide Control Act
- World Bank
- NPMA
- FEE
- United States Census Bureau
- PCT
Primary Interview Splits
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