Global Pest Control Market to be Driven by the Rise in the Global Food Demand in the Forecast Period of 2020-2025

Consumer Goods

The new report by Underwater Drones Market titled, ‘Global Pest Control Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global pest control market, assessing the market based on its segments like pest types, control methods, modes, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): USD 19.2 billion
• Forecast CAGR (2020-2025): 5%
• Forecast Market Size (2025): USD 25.7 billion

The global pest control market is being driven by the booming urban population, which has increased the requirement for food sources and led to living habitats that are conducive to various pests like rodents, cockroaches, mosquitoes, and more. Furthermore, the migration of people from rural areas to urban areas is also leading to an increased density within urban areas, which is likely to facilitate the growth of pest control products and services over the forecast period.

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Industry Definition and Major Segments

Pest control refers to the controlling and managing of pests with several applicable methods. These methods are useful in order to safeguard things like crop yields, plants, wood, and more from pest infestation. Pests are the unwanted organisms, including insects such as cockroaches, worms, bedbugs, termites, and rodents, such as mice, rats and voles.

By pest type, the market is segmented into:

• Insects
• Termites
• Rodents
• Wildlife
• Others

On the basis of control method, the industry is divided into:

• Mechanical
• Biological
• Chemical
• Others

The market can be segmented on the basis of mode into:

• Powder
• Spray
• Traps
• Baits

Based on application, the industry is categorised into:

• Commercial
• Residential
• Industrial
• Agriculture
• Others

Based on region, the industry can be segmented into:

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

Market Trends

The global pest control industry is undergoing innovations within its products with the development of bio-based solutions and services, such as bio-based pesticides and herbicides in place of conventional pesticides, in order to reduce soil and water pollution due to the growing demand for eco-friendly products. As the introduction of eco-friendly pesticides is driving the growth of the pest control market in regions like North America and Europe, the adoption of organic pesticides is also rapidly increasing.

Key Market Players

The major players in the market are Anticimex International AB, BASF SE (OTCMKTS: BASFY), Bayer AG (OTCMKTS: BAYRY), Syngenta Crop Protection LLC, Rollins Inc. (NYSE: ROL), Rentonkil Initial Plc. (OTCMKTS: RTOKY), Dodson Pest Control, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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