The pest control products and services market involves activities related to monitoring, prevention and treatment of fungal infections, rodents and other pests that can cause harm to residential and commercial properties. The rising concerns about public health issues caused by pests have increased the demand for effective pest control products and services. Common pests targeted include termites, cockroaches, rodents and mosquitoes. Players in this market offer a range of chemical and non-chemical products along with regular inspection and treatment services. Advancements in digital technology have enabled real-time monitoring solutions and AI-powered pest identification, which is expected to drive significant growth.
The Global pest control products and services market is estimated to be valued at US$30 Billion in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024-2030.
Key Takeaways
Key players operating in the pest control products and services are Terminix, Ecolab, Anticimex, Rollins, and Rentokil Initial.
Growing consumer awareness about health hazards of pest infestation and stringent regulations regarding public hygiene are expected to create new opportunities in the market.
Advancements in digital pest monitoring solutions using IoT, drone technology and AI are enabling real-time pest identification and actionable insights for providers. This is improving effectiveness and driving higher adoption of digital pest control services.
Market drivers
Increasing construction and infrastructure development activities have led to greater pest propagation environments. pest control products and services market size is driving the need for robust pre- and post-construction pest control measures among developers and facility managers.
Rising food safety concerns and stringent guidelines imposed by governments worldwide regarding pest interference in food production and storage is a major factor propelling market revenues. Food companies heavily rely on pest control services to ensure compliance.
Growth in tourism and travel industry has heightened the risks of pest infestations across hotels, restaurants and other hospitality establishments. This is boosting demand for specialized commercial and hospitality pest control solutions.
Current Challenges in Pest Control Products And Services Market
The pest control products and services market is currently facing several challenges such as growing consumer awareness about toxic chemicals present in pest control products and preference for green products. Strict regulations pertaining to the use of chemicals is also a challenge for industry players. Changing climate patterns are making pest infestation unpredictable posing difficulties in effective pest control.
SWOT Analysis
Strength: Growing demand for eco-friendly pest control solutions; Established industry players with wide service network
Weakness: High cost of green pest control methods; Reliance on seasonal workforces
Opportunity: Emerging markets in developing countries; Innovations in biopesticides and other natural products
Threats: Stringent regulations around chemical pesticides; Buyer bargaining power
Geographical Regions
North America currently accounts for the largest share in the global pest control products and services market in terms of value. Growing consumer awareness about health hazards of chemical pest control is driving demand for green products and services in the region.
The Asia Pacific region is projected to be the fastest growing market during the forecast period. Factors such as changing climatic conditions, rapid urbanisation and increasing construction activities are fueling pest infestation in countries like India and China thereby driving market growth.
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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