Pest Control Market Industry Analysis, Trends, Key Highlights, Leading Players, and Recent Development
The global pest control market is projected to reach $32.8 billion by 2028 from an estimated $24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. The utilization of pest control products and services is being driven by a number of factors that reflect the evolving needs and priorities of individuals, businesses, and industries. Heightened awareness of the health risks associated with pests and diseases has spurred a greater demand for proactive pest management. Moreover, the increasing urbanization and population density in various regions have created an environment conducive to pest infestations, necessitating effective control measures.
What is pest control?
Pest control refers to the management and regulation of unwanted organisms, commonly known as pests, that can negatively impact human health, the environment, or economics. This practice involves various methods to eliminate, deter, or control pests in homes, agricultural settings, businesses, or public spaces.
Pests can include insects (like ants, cockroaches, and termites), rodents (such as mice and rats), birds, weeds, and other organisms that can cause harm or nuisance. Pest control methods can range from physical barriers and traps to chemical treatments, biological control using natural predators, and cultural practices like proper sanitation and habitat modification to minimize pest infestations. The goal is to mitigate the damage caused by pests and prevent their negative impacts on human activities and well-being.
Key Highlights the Pest Control Market:
1. Growing Demand: The pest control market has witnessed significant growth due to the increasing awareness about hygiene and the spread of vector-borne diseases.
2. Technological Advancements: Innovation in pest control methods, including the development of eco-friendly and sustainable solutions, has been a notable trend. This includes the use of IoT devices, drones, and AI-powered systems for more efficient pest management.
3. Regulatory Changes: Stricter regulations regarding the use of certain chemicals and pesticides have prompted companies to shift towards safer and more environmentally friendly pest control methods.
4. Emerging Markets: Developing regions are experiencing rapid urbanization and increased commercialization, leading to higher demand for pest control services.
5. Integrated Pest Management (IPM): The adoption of IPM strategies that combine multiple approaches such as biological control, habitat manipulation, and use of resistant varieties to manage pests is gaining traction.
6. Consolidation and Acquisitions: The market has seen consolidation through mergers and acquisitions as larger companies aim to expand their service offerings and geographical reach.
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North America is expected to have the largest market share during the forecast period.
The market for pest control is growing in North America owing to the widening scope of applications in not only residential or commercial but also in livestock and for industrial purposes, such as in the food and pharmaceutical industries. The pest control market in North America is experiencing notable growth owing to a convergence of factors. Moreover, there are numerous companies in North America providing pest control products and services. Apart from major players, there are many local players in the market. The presence of numerous pest control companies in the region also indicates that there is high demand for the pest control management. Stringent regulations in industries such as food safety and hospitality further bolster the market’s expansion. Innovations in pest control technologies, including eco-friendly solutions and integrated approaches, enhance efficacy and appeal to environmentally conscious consumers.
Key Market Players:
The key players in this include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).
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Recent Developments:
1. In June 2023, Bayer AG’s agricultural division Bayer CropScience partnered with Crystal Crop Protection Ltd. to develop and launch groundbreaking solutions for pest control that are aimed at benefiting paddy growers across India. This partnership indicates a critical turning point in the quest to improve rice farmer yields and crop protection techniques in India.
2. In June 2023, Corteva Agriscience opened a combined crop protection and seed research laboratory in Eschbach, Germany. This research centre would help the company in driving innovation and deliver sustainable solutions for farmers. The expansion would also enable the company to conduct state-of-the-art crop protection studies to help develop solutions which protect crops from pests and diseases, thus boosting the pest control market.
3. In April 2023, Rollins, Inc. acquired Fox Pest Control through its own brand, HomeTeam Pest Defense. The acquisition is expected to augment Rollins long term growth strategy in new geographies across the US market.
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