Press release
Pest Control Market Projected Growth Outlined by Industry Growth and Market Outlook
A recent report by Allied Market Research, titled "Pest Control Market by Type, Pest Type, Application, and Region," provides an in-depth analysis of the global pest control industry. The market, valued at $24.6 billion in 2022, is projected to reach $42.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.7%.
Key Growth Drivers:
- Technological Advancements: The introduction of eco-friendly and targeted pest control solutions has improved efficiency and reduced environmental impact, fostering market growth.
- Urbanization and Population Growth: Rapid urbanization and population increases are leading to greater demand for pest control services.
- Climate Change: Shifts in climate conditions have heightened pest proliferation, further driving the need for effective control measures.
- Digital and Smart Solutions: Leveraging technology for remote monitoring and data analysis is creating opportunities for innovation in pest detection and management.
Market Segmentation
By Type:
- Chemical: Dominates the market, holding one-fourth of the global share in 2022. Safer and more targeted chemical solutions are driving demand.
- Mechanical: Expected to grow at a CAGR of 6.0% from 2023 to 2032 due to increasing regulations on chemical pesticide usage.
By Pest Type:
- Insects: Accounted for nearly one-third of the market in 2022 and will remain the largest segment, fueled by the global spread of invasive species.
- Rodents: Expected to grow at a CAGR of 6.15%, with advancements in rodent control technology playing a key role.
By Application:
- Commercial: Led the market in 2022, driven by stringent hygiene and sanitation standards in industries like food processing and healthcare.
- Agriculture: Set to grow at the highest CAGR (6.21%) as pest control becomes vital for crop protection and food security.
Regional Insights
- North America: Held nearly half of the global market share in 2022 and is expected to maintain dominance through 2032. The region's strong demand is attributed to international travel and the resultant introduction of pests.
- Asia-Pacific: Forecasted to grow at the highest CAGR of 6.01%, with government regulations promoting environmentally friendly practices and protection of ecosystems.
Market Challenges and Opportunities
Challenges:
The industry is heavily regulated due to the potential risks associated with pesticide use, which increases operational complexity and costs.
Health hazards linked to chemical pest control methods remain a concern.
Opportunities:
Product development, including smart traps and digital monitoring systems, provides new avenues for market growth.
Consistent launches of safer and more efficient pest control products will further enhance market expansion.
Leading Market Players:
Key players in the pest control market include ANTICIMEX, BASF SE, Bayer AG, Cleankill Environmental Services, Dodson Pest Control, Ecolab, FMC Corporation, JG Pest Control, Rollins, and Syngenta AG. These companies are focusing on product innovation, strategic partnerships, and expansion efforts to strengthen their market positions.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Key Growth Drivers:
- Technological Advancements: The introduction of eco-friendly and targeted pest control solutions has improved efficiency and reduced environmental impact, fostering market growth.
- Urbanization and Population Growth: Rapid urbanization and population increases are leading to greater demand for pest control services.
- Climate Change: Shifts in climate conditions have heightened pest proliferation, further driving the need for effective control measures.
- Digital and Smart Solutions: Leveraging technology for remote monitoring and data analysis is creating opportunities for innovation in pest detection and management.
Market Segmentation
By Type:
- Chemical: Dominates the market, holding one-fourth of the global share in 2022. Safer and more targeted chemical solutions are driving demand.
- Mechanical: Expected to grow at a CAGR of 6.0% from 2023 to 2032 due to increasing regulations on chemical pesticide usage.
By Pest Type:
- Insects: Accounted for nearly one-third of the market in 2022 and will remain the largest segment, fueled by the global spread of invasive species.
- Rodents: Expected to grow at a CAGR of 6.15%, with advancements in rodent control technology playing a key role.
By Application:
- Commercial: Led the market in 2022, driven by stringent hygiene and sanitation standards in industries like food processing and healthcare.
- Agriculture: Set to grow at the highest CAGR (6.21%) as pest control becomes vital for crop protection and food security.
Regional Insights
- North America: Held nearly half of the global market share in 2022 and is expected to maintain dominance through 2032. The region's strong demand is attributed to international travel and the resultant introduction of pests.
- Asia-Pacific: Forecasted to grow at the highest CAGR of 6.01%, with government regulations promoting environmentally friendly practices and protection of ecosystems.
Market Challenges and Opportunities
Challenges:
The industry is heavily regulated due to the potential risks associated with pesticide use, which increases operational complexity and costs.
Health hazards linked to chemical pest control methods remain a concern.
Opportunities:
Product development, including smart traps and digital monitoring systems, provides new avenues for market growth.
Consistent launches of safer and more efficient pest control products will further enhance market expansion.
Leading Market Players:
Key players in the pest control market include ANTICIMEX, BASF SE, Bayer AG, Cleankill Environmental Services, Dodson Pest Control, Ecolab, FMC Corporation, JG Pest Control, Rollins, and Syngenta AG. These companies are focusing on product innovation, strategic partnerships, and expansion efforts to strengthen their market positions.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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