Global Pest Control Market 2024–2033

Reports Description

As per the current market research conducted by CMI Team, the global Pest Control market is expected to record a CAGR of 6.5% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 22.50 Billion. By 2032, the valuation is anticipated to reach USD 33.55 Billion.

Pest control is widely adopted in the agriculture sector to safeguard crop yield and improve crop quality through the use of pesticides, chemical fertilizers, and other methods. Technological advancements have significantly boosted agricultural productivity worldwide over the last four decades.

However, the presence of toxic chemicals in pest control products necessitates careful registration of insecticides, fungicides, herbicides, and similar substances. This process involves obtaining authorization from regulatory authorities to ensure the safe and controlled use of these chemicals, while also meeting customer demands and ensuring environmental protection. The market for pest control faces potential challenges due to the enforcement of stringent regulatory acts.

However, the industry is experiencing growth driven by factors such as increasing economic activities, population growth, and the adverse impact of insects, leading to a growing intolerance for pests. Furthermore, climate change has emerged as a significant catalyst, driving the global demand for pest control services. The changing climate has created more favorable conditions for pests, necessitating heightened pest management efforts.

In response to environmental concerns, there is a growing emphasis on the use of biocides, which are less harmful to the environment compared to traditional pesticides. This shift towards biocides is becoming a major driver for market growth as they are increasingly replacing conventional pesticides in pest control practices.

Pest Control Market – Significant Growth Factors

The pest control market is experiencing significant growth due to several key factors driving its expansion and adoption. Some of the significant growth factors include:

• Increasing Awareness and Concerns About Health and Hygiene: Growing awareness among individuals and businesses about the health risks associated with pests, such as rodents and insects, is driving the demand for pest control services. Pests can carry diseases and contaminate food, posing health hazards to humans and animals, leading to an increased focus on pest management.

• Urbanization and Population Growth: Rapid urbanization and population growth have resulted in denser living conditions, providing more conducive environments for pests to thrive. As cities expand, the demand for pest control services to manage infestations in residential and commercial areas is on the rise.

• Agriculture and Food Industry Needs: In the agriculture and food processing sectors, pests can cause significant damage to crops and stored produce, leading to substantial economic losses. Pest control measures are essential to protect agricultural yields and maintain the quality of stored food products.

• Stringent Food Safety Regulations: The implementation of strict food safety regulations by governments and international bodies has increased the demand for pest control services in food-related industries. Compliance with these regulations requires effective pest management to ensure food safety and hygiene.

• Climate Change and Pest Proliferation: Changing climate patterns have led to altered pest behaviour and migration patterns. Warmer temperatures and shifting weather conditions create more favorable environments for pests, necessitating enhanced pest control measures.

• Increasing Tourism and International Trade: Global travel and trade have facilitated the movement of pests across borders, leading to the spread of invasive species. Pest control is crucial in preventing the establishment and spread of these pests in new regions.

• Advancements in Pest Control Technologies: The development of innovative and eco-friendly pest control technologies has boosted market growth. Integrated Pest Management (IPM) approaches and the use of bio-based pesticides and traps offer effective alternatives to traditional chemical-intensive methods.

• Rising Awareness of Environmental Impact: Concerns about the environmental impact of conventional chemical pesticides have prompted a shift towards greener and more sustainable pest control practices. Eco-friendly and bio-degradable pest control solutions are gaining popularity among environmentally conscious consumers.

• Increased Focus on Public Health: Pest control is closely linked to public health, as certain pests can transmit diseases such as malaria, dengue, and Zika. Public health agencies and authorities emphasize pest management to mitigate disease outbreaks and safeguard communities.

Pest Control Market – Mergers and Acquisitions

• Rollins Inc. Acquisitions: Rollins Inc., a prominent pest control company, has been actively acquiring various pest control businesses globally. They have made several strategic acquisitions, expanding their footprint in different regions and strengthening their service portfolio.

• ServiceMaster’s Acquisition of Assured Environments: In 2019, ServiceMaster, the parent company of Terminix, acquired Assured Environments, a New York-based pest control company. This acquisition helped ServiceMaster expand its commercial pest control services in the highly competitive New York City market.

• Anticimex’s Expansion: Anticimex, a Swedish-based pest control company, has been aggressively expanding through acquisitions across different countries. Their growth strategy involves acquiring local pest control companies and integrating them into their global network.

• Rentokil Initial Acquisitions: Rentokil Initial, a leading pest control and hygiene services provider, has pursued several strategic acquisitions to strengthen its presence in key markets. Their acquisitions have allowed them to diversify their service offerings and expand their customer base.

• Arrow Exterminators’ Expansion: Arrow Exterminators, a family-owned pest control company based in the United States, has been expanding through acquisitions. They have acquired various pest control businesses in different states, bolstering their national footprint.

• Massey Services’ Growth through Acquisitions: Massey Services, a Florida-based pest control company, has been growing through strategic acquisitions in the southeastern United States. These acquisitions have helped them increase their market share and expand their service areas.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Pest Control Market – Significant Threats

• Regulatory Challenges: Stringent regulations regarding the use of pesticides and pest control methods can pose challenges to the industry. The increasing emphasis on environmental protection and human health safety may lead to restrictions or bans on certain chemical pesticides, affecting pest control companies’ traditional approaches.

• Emergence of Resistant Pests: Prolonged and extensive use of chemical pesticides has led to the development of resistance in some pest populations. Resistant pests are more challenging to control, requiring alternative and innovative pest management strategies.

• Public Perception and Environmental Concerns: Growing public awareness of environmental issues and concerns about the use of chemical pesticides can impact the reputation of pest control companies. The negative perception of chemical-intensive pest control methods may lead to a preference for eco-friendly and sustainable alternatives.

• Competition and Pricing Pressure: The pest control market is highly competitive, with numerous local and national players vying for market share. Intense competition may lead to pricing pressure, affecting profit margins for companies in the industry.

• Technological Disruptions: Advancements in technology, such as smart pest control devices, remote monitoring, and artificial intelligence-driven solutions, may disrupt traditional pest control business models. Companies need to adapt and integrate these technologies to stay competitive.

• Economic Factors: Economic downturns or recessions can impact both residential and commercial spending on pest control services. During challenging economic times, customers may cut back on discretionary spending, affecting demand for pest control treatments.

• Climate Change and Pest Proliferation: Climate change can alter pest behavior and distribution patterns, leading to an increase in pest populations. Unpredictable weather patterns may also impact pest control effectiveness, requiring adaptations to pest management strategies.

• Lack of Skilled Workforce: The pest control industry faces challenges in attracting and retaining skilled technicians. A shortage of trained professionals can hamper service delivery and hinder the growth of pest control companies.

• Public Health Emergencies: Outbreaks of vector-borne diseases, such as Zika, dengue, or West Nile virus, can lead to increased demand for pest control services to control disease-carrying pests. However, managing public health emergencies may require additional resources and coordination with health authorities.

• Invasive Species and Global Trade: International travel and trade facilitate the spread of invasive pests to new regions, leading to new pest management challenges. The introduction of invasive species can disrupt ecosystems and agricultural practices, necessitating comprehensive control measures.

Report Scope

Category-Wise Insights

By Pest Type:

The pest control market is categorized into several segments based on pest control methods, including Chemical, Mechanical, Biological, and Others. Among these segments, the chemical method is projected to lead in terms of revenue generation during the forecast period.

The dominance of the chemical segment is primarily attributed to its cost-effectiveness, making it a preferred choice for pest control solutions. Consequently, the demand for chemical pest control methods surpasses that of mechanical, biological, and other alternatives.

By Application:

The pest control market is segmented based on its application into Commercial, Residential, Agriculture, Industrial, and Others. The market growth is driven by the expanding infrastructure in the commercial sector and stringent regulations governing hygiene maintenance. Commercial establishments, in particular, require pest control services to comply with these regulations, creating a significant demand in this segment.

Moreover, commercial businesses often enter into multi-year contracts with pest control service providers, ensuring a consistent and steady revenue stream for the industry. As a result, the demand for commercial pest control services continues to rise steadily.

Pest Control Market – Regional Analysis

• North America: North America held a significant share of the global pest control market, with the United States being a major contributor. The region’s high adoption of pest control services is driven by factors such as stringent regulations, urbanization, and increased awareness about the importance of pest management in various industries.

• Europe: Europe also represented a notable portion of the global pest control market. Countries like the United Kingdom, Germany, and France had substantial demand for pest control services in both residential and commercial sectors. The European market’s growth was influenced by strict food safety regulations and increasing concerns about public health.

• Asia-Pacific: The Asia-Pacific region was witnessing robust growth in the pest control market. Rapid urbanization, population growth, expanding agricultural activities, and increasing awareness of pest-related issues contributed to the region’s growing demand for pest control services. Countries like China, India, and Australia were prominent players in the market.

• Latin America: Latin America showed significant potential for growth in the pest control market. Brazil, Mexico, and Argentina were among the key countries contributing to the market’s expansion. Factors such as increasing urbanization, economic development, and the need for pest management in agriculture and food processing drove the market in the region.

• Middle East and Africa: The Middle East and Africa regions had a growing demand for pest control services, driven by factors such as urbanization, increasing commercial activities, and the presence of pests in agricultural regions. The United Arab Emirates (UAE), Saudi Arabia, and South Africa were among the key markets in the region.

List of the prominent players in the Pest Control Market:

• BASF SE
• Bayer AG
• Rentokil Initial Plc.
• Ecolab, Rollins Inc.
• Anticimex
• FMC Corporation
• The ServiceMaster Company LLC
• Syngenta
• Dodson Pest Control Inc.
• Lindsey Pest Services
• Others

The Pest Control Market is segmented as follows:

By Pest Type

• Chemical
• Mechanical
• Biological
• Others

By Application

• Commercial
• Residential
• Agriculture
• Industrial
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America