Pest Control Market Size to reach US$ 30.8 Billion by 2027 | Growth rate (CAGR of 5.4%)

According to IMARC Group’s latest report, the market to reach US$ 30.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.4% during 2022-2027.

SHERIDAN, WYOMING, UNITED STATES, October 19, 2022 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “Pest Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global pest control market size reached US$ 22.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.4% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Pest control represents a procedure of removing, minimizing, controlling, and managing undesirable insects and other pests from spaces occupied by people. It includes various mechanical, biological, and chemical methods, including the usage of avicides, insecticides, herbicides, and pesticides. These approaches inhibit the spread of dangerous germs, animals, and insects, such as house flies, bed bugs, and cockroaches, and manage vector-borne diseases that are detrimental to human health. Based on these properties, pest control is used across residential, commercial, and agricultural areas to protect crops and commercial wood from ants, bees, and beetles.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Pest Control Market Trends:

The global pest control market is primarily driven by the growing prevalence of vector-borne diseases such as yellow fever, malaria, plague, encephalitis, and typhus. Furthermore, the increasing need for professional pest management solutions in the agricultural sector to mitigate the infestation of cultivated crops is favoring the market growth. Moreover, the widespread adoption of non-chemical pest control methods, including crop exclusion, rotation, and sanitation by farmers due to rising environmental concerns, are impelling the market growth. Additionally, the advent of organic biological pesticides and biocontrol agents combined with innovative pest control technologies, including non-toxic heat treatments and decorative fly lights, are propelling the market growth. Besides this, the usage of internet of things (IoT)-enabled devices, such as automated insect monitoring (AIM) devices, pheromone dispensers with sensors, and camera-enabled pest traps, and the enforcement of hygiene mandates by governments are supporting the market growth.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Anticimex Ab
Arrow Exterminators Inc.
Atalian Servest Group Ltd.
Dodson Pest Control Inc.
Ecolab Inc.
Massey Services Inc.
Rentokil Initial plc
Rollins Inc
Sanix Incorporated
Target Specialty Products
Terminix Global Holdings and Truly Nolen of America Inc.

Key Market Segmentation:

The report has categorized the market based on type, pest type and application.

Breakup by Type:

Chemical
Mechanical
Biological
Others

Breakup by Pest Type:

Insects
Termites
Rodents
Others

Breakup by Application:

Residential
Commercial
Agriculture
Industrial
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:                                                    

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
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