Pest Control Market Size, Share & Industry Analysis, By Pest Type (Insects, Termites, Rodents, Others), Method (Chemical, Mechanical, and Biological), Application (Residential, Commercial, and Industrial), and Regional Forecast, 2020-2032

The global pest control market size was USD 19.73 billion in 2019 and is projected to reach USD 42.79 billion by 2032, exhibiting a CAGR of 6.19% during the forecast period based on our analysis in the existing report. North America dominated the pest control market with a market share of 48.61% in 2019.

The changing climatic conditions and rapid increase in the population of pests across the globe is urging broad utilization of these by pests, coupled with augmenting cases of deadly human infection caused by certain pests is projected to propel the pest control market growth during the forecast period. Furthermore, expansion of the integrated pest management industry, the launch of new integrated pest management (IPM) programs, and increasing government support to IPM are expected to positively influence this market.

The current global outbreak of COVID-19, followed by lockdowns across several economies is impacting almost all industries. This crisis is expected to continue in the upcoming months due to currently suspended trade across various economies. However, the impact of this pandemic on the pest management market is expected to remain manageable. It may grow at a considerable pace in the forthcoming years, owing to increasing awareness and wide implementation of hygiene. Many global giants such as Rollins Inc., Truly Nolen, and others are embarking on the launch of new services to serve their clients better during this crisis. For instance, in April 2020, Truly Nolen launched a disinfectant and sanitization service called “TRULY Sanitized” for its customers.

MARKET TRENDS

Adoption of Smart and Sustainable Pest Control Measures Will Bolster Growth

The rise in the development of biocontrol agents that can be utilized to control the population of pests is emerging as a significant pest management method. As these biological agents are naturally existing living organisms they tend to be less toxic than some of the commonly used chemical pesticides. Hence their incorporation in the industry is gradually augmenting. Moreover, the development of software and its increasing adoption across several application areas is expected to act as a vital factor boosting the market in the upcoming years. Pest control software such as PestPac, PestRoutes, SalesRabbit, and others are getting significant recognition among consumers due to their ability to collect and analyze pest data, along with providing suitable solutions.

MARKET DRIVERS

Rising Concern over Prevalence of Vector-borne Diseases

The increasing prevalence of life-threatening vector-borne diseases such as malaria, dengue, yellow fever, Zika virus fever, and others is raising great concern in society. According to the estimations of the World Health Organization (WHO), over 17% of all existing communicable diseases are vector-borne and are liable for more than 7,00,000 deaths annually. The increasing spread of diseases caused by pests is stressing on the intensive utilization of pests control services to keep diseases caused by them at bay. Rising awareness about different pest control methods such as chemical, mechanical, and biological and their increasing affordability is projected to further augment the market during the forecast period.

Rising Urbanization is Contributing to Market Growth

The rising global population is leading to increased industrialization and escalated construction activities for commercial and residential buildings. These factors are expected to primarily drive the global market during the forecast period. Rising awareness about cleanliness, hygiene, and health risks associated with the infestation of pests is fueling the demand for pest control products and services across different parts of the globe. The economic loss caused due to pest infection across several industries such as Food & beverage, agriculture, and others will also contribute significantly to the market. Moreover, the rising number of pest management firms and service providers across all regions is predicted to add impetus to the pest control market in the forecast period.

MARKET RESTRAINT

Stringent Regulatory Scenario Associated with Pesticide Approval to Hinder Market Growth

Pesticides and their commercial use are strictly monitored by government and agencies such as the United States Environmental Protection Agency (EPA). The highly toxic nature of pesticides, especially chemical pesticides and their ill effects on the environment has led to their close and strict supervision by relevant agencies. Rigorous registration and approval processes for pesticides across several countries is one of the major factors restricting growth Moreover, lack of well-trained pest management professionals especially across some developing economies can also cause hindrance to pest control industry.

SEGMENTATION

By Pest Type Analysis

Insects Segment to Emerge as Leading Pest Types in Global Market Owing to their Rapid Multiplication

Insects form a major part of pest types for which pest control is widely utilized. Insects are known to pose serious threats to agricultural as well as non-agricultural areas, hence require various products and services to control and eradicate them. Proliferating the population of insects such as mosquitoes and ants and their ability to exponentially increase their population is a major threat to human health. The demand for insect control products is anticipated to grow substantially in the developing regions, especially where the climate is warm and humid, as such climatic conditions are ideal for breeding a number of insects. The rapidly increasing population of rats and mice and rise in awareness about diseases caused by them is projected to aid the rodent pests control market during the upcoming years.

By Method Analysis

Innovation in Biological Control Method will Augment Growth

At present, the chemical control method is the most widely accepted pest management method across the globe. The high efficiency of chemical pesticides to eradicate a huge number of pests is a significant reason for their widespread adoption. Moreover, the low cost of chemical pesticides, high stability, and easy availability in the market are other crucial factors that are responsible for the dominance of this segment. However, in the upcoming years, the demand for chemical pest management products is expected to witness a downfall due to the high toxicity threat associated with them, coupled with increasing government regulations on their use. The segment is anticipated to grow at the fastest pace owing to its less toxic nature as it is a modern technique to eliminate existing pests by using their natural enemy.

By Application Analysis

Commercial Segment to Generate Highest Revenue due to Rapid Growth in the Number of Commercial Buildings

The commercial segment comprises hospitals, schools, offices, shopping malls, and other commercial buildings is projected to remain high. High health and economic risks associated with a pest infestation at public and commercial places is significantly driving the market. The high affordability of commercial pest management services along with governmental support in terms of various commercial pest management programs is expected to magnify the market size during the forecast period. The demand for pest management products and services across the residential segment will witness robust growth on account of an increasing number of houses, coupled with the rising prevalence of pest infestation by common pests such as cockroaches, rodents, ants, and others in houses.

REGIONAL ANALYSIS

“North America to Lead Market Owing to Presence of  Major Players”

North America currently holds the largest pest control market share and is predicted to retain its position throughout the forecast period. High awareness about ill effects on health and economic loss caused due to pest attacks is one of the major factors driving the regional market. Additionally, the considerable increase in the number of residential and commercial constructions in prominent economies such as the U.S. and Canada has contributed significantly to the market. Moreover, the presence of key global market players such as Terminix, Rollins Inc., ServiceMaster, and others within the region is projected to positively impact the market during the forecast years.

The European market will witness considerable demand on account of climatic changes that are leading to the onset of various temperature-specific pests. The strong presence of global market players such as Rentokil Initial and ServiceMaster in the Europe marketplace is anticipated to boost the European market.

The Asia Pacific market is predicted to expand at the fastest pace during the foreseeable years. The rapid increase in urbanization activities across several developing economies of the Asia Pacific such as India, China, Malaysia, and others presents a resilient opportunity for companies and service providers. The surge in consumer expenditure and escalated awareness about toxicity caused by pests are expected to be other prominent reasons boosting the market in this region. Moreover, increasing the interest of key global market players in Asian market due to the high potential present within the market is predicted to further promote the market in the future.

KEY INDUSTRY PLAYERS

The Market Structure is Fragmented Attributed to the Presence of a Huge Number of Market Players

The global market is highly fragmented with more than 40,000 companies present across the globe. Among these, Rollins Inc., Rentokil, and ServiceMaster are some of the leading companies in the global market with the highest market shares. These companies are adopting significant strategies such as new product and service launch, mergers, and acquisitions to enhance their market position. For instance, Rollins Inc. has proactively embarked on an acquisition strategy in the past years to establish its dominance in the world as well as in regional markets. In recent years, Rollins Inc. has acquired large firms such as Aardwolf Pestkare, Clark Pest Control, Murray Pest Control, and others.

LIST OF KEY PLAYERS PROFILED:

• Rentokil Initial Plc. - United Kingdom


• Rollins Inc. – United States


• Terminix International Company L.P – United States


• ServiceMaster Global Holdings Inc. – United States


• Ecolab Inc. – United States


• Massey Services Inc. – United States


• Anticimex – Sweden


• Bayer AG – Germany


• Truly Nolen – United States


• Bell Laboratories – United States

KEY INDUSTRY DEVELOPMENTS:

• In May 2021, Anticimex Group, one of the leading pest control companies globally, announced its acquisition of the Palmera Junior, a family-owned company based in Colombia, with an impressive growth history. Anticimex made the first strategic acquisition in Latin America and marked the starting point for an expansion strategy in this fast-growing market.


• In March 2021, Bayer AG, a global organization in the life science fields of health care and nutrition, announced the introduction of ®, its latest biological and pheromone-based crop protection product, Vynyty Citrus. It is the first product in the market which is formulated with natural pyrethrum and pheromones to control pests on citrus farms.


• In January 2021, Rentokil Initial plc, the world’s leading commercial pest control services provider, announced the acquisition of Environmental Pest Services ('EPS'), a full-service residential and commercial pest control company based in Tampa, Florida. This acquisition will help Rentokil Initial plc. in their strategy to acquire pest control businesses that build customer density and strengthen their reach in key local markets.


• In November 2020, Syngenta Crop Protection, a leading global crop protecting organization, announced the launch of Spiropidion, a new innovative technology that can be used to protect a wide range of crops from pests that are most damaging and difficult to control.

Report Coverage 

The increasing prevalence of economic losses caused in various areas such as commercial complexes, buildings, and others due to the attack of pests is significantly contributing to the market across the globe.

This industry report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of pest types, methods, applications used for controlling their breeding, overall market size, and growth rate for all possible segments in the market.

Along with this, the report provides an elaborative analysis of the pest control market dynamics and competitive landscape. Various key insights presented in the report are an overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends.

Report Scope & Segmentation