PEST CONTROL PRODUCTS AND SERVICES MARKET ANALYSIS

Global pest control products and services market was valued at US$ 22.4 Billion in 2022, exhibiting a CAGR of 6.15%, in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 36.1 Billion by 2030. Pest control is a technique of managing and destroying different species that are harmful to human lives and the environment. Pest control products are used to kill insects such as termites, bedbugs, ants, cockroaches, and few reptiles that affect the day-to-day life activities of humans. Pest control is important to maintain cleanliness and hygiene, in order to prevent various diseases caused by the pest. Pest control products and services market is segmented into insecticides, rodenticides, other chemical, mechanical, and others. On the basis of service type, the market is segmented into chemical control services (organic control services, synthetic control services), mechanical control services, and other pest control services. Some of the key End User of pest control products and services market are agricultural, commercial, industrial, and residential.

Global Pest Control Products and Services Market- Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic had a mixed impact as in both positive and negative on the global pest control products and services market. There was increase in demand for residential pest control services during the pandemic, as people spent more time at home. To get rid of pest, people were using pest control products and services. For instance, 2019 in the U.S., many pest control companies reported increase in demand for residential pest control services during the pandemic. There was decrease in demand for commercial and industrial pest control services, as  pandemic led to the closure or reduced operations of many businesses that  resulted in a decline in demand for commercial and industrial pest control services. For instance, 2018, in the U.K., the British Pest Control Association, reported that decrease in demand for commercial pest control services during the pandemic. Overall the COVID-19 pandemic had a mixed impact on global pest control products and services market growth.

Global Pest Control Products and Services Market- Drivers

• Rising Urbanization

Rising global population is boosting industrialization, and increased commercial and residential building construction. During the forecast period, these factors are expected to drive the global market growth. Increasing  awareness about the cleanliness, hygiene, and health hazards associated with pest infestations is expected to boost demand for pest control products and services across the globe. The economic has reduced by pest infection in several industries including food and beverages, agriculture, and others has a significant impact on the market. Furthermore, increasing number of pest management industries and providers across the globe is projected to drive the global pest control products and services market growth during the forecast period. For instance, according to the Government of Canada, the overall pesticide sales in Canada in 2020 were 126,439,815 kg indicating 8.4% increase from the 116,605,281 kg pesticides sold in 2019. Changes in overall pesticide sales is driven by changes in agricultural herbicide sales.

• Increasing Focus on the Usage of Biocides

Increasing focus on the usage of biocides is expected to drive the market growth. Biocides are less harmful to the environment, and are increasingly being used to replace traditional pesticides. © 2023 Rentokil Initial plc, a leading global provider of route-based pest-control and commercial hygiene services, registered CO₂ for usage in rodent control under European biocidal regulations. The company is still working in the insect and rodent control fields. The group also offers a range of specialist route-based services including office and commercial space plant care, property care, and workwear rentals. This factor can drive growth of the global pest control products and services market during the forecast period.

Global Pest Control Products and Services Market- Restraints

• Toxicity and Associated Health Issues with Increasing Level of Pesticides

Toxicity and associated health issues with increasing level of pesticides is expected to restrict the market growth. Rising preference for less hazardous pesticides especially in the agricultural sector and food industry is expected to hinder the market growth. High exposure of pesticides have an adverse impact on the health of humans as well as the environment, and this is expected to hinder the market growth. Another major disadvantage of chemical pests control is non-target effects and toxicity. Certain chemicals kill beneficial insects such as bees and natural predators. Moreover, if pesticides are misused or mishandled, it can intoxicate and kill a human as well. Hence, these factors are expected to restrict the market growth of pest control products and services.

Figure. 1 Global Pest Control Products and Services Market, By End User, 2022

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Commercial segment is the largest segment in End User of global pest control products and services market. This segment accounted for 42.30% market share in 2022. Business hotels, restaurants, hospitals, schools, and offices require pest control services to maintain a hygienic environment. Demand for commercial pest control services is driven by the need to comply with health and safety regulations, and to maintain the reputation of the businesses.

By End User, agriculture segment accounted for 31.40% market share in 2022, as  farmers and plantations require pesticides and other pest control products to protect their crops from pests and diseases. Agriculture pests can cause damage to crops, which leads to reduced yields and lower quality of crops. Therefore, the usage of pest control products is essential to ensure high crop yields, and to provide a consistent supply of quality agricultural produce to the market.

Regional Analysis:

North America dominated the global pest control products and services market in 2022, accounting for 51.40% market share, in terms of revenue, followed by Europe and Asia Pacific, respectively. The U.S. is the largest market of pest control products in North America region. Demand for pest control products and services in North America is driven by increasing awareness about the risks associated with pests, and the need to maintain a clean and hygienic environment.

Figure. 2 Global Pest Control Products and Services Market, By Region, 2022

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Asia Pacific is a rapidly growing market for global pest control products and services with countries like China, India, and Japan being the major markets in the Asia Pacific region. Demand for pest control products and services in Asia Pacific is driven by increasing awareness about the risks associated with pests, growing agricultural sector, and the rapid urbanization in the region.

Global Pest Control Products and Services Market- Recent Developments

• In May 2021, Anticimex Group, one of the leading pest control companies, announced the acquisition of the Palmera Junior, a Colombia-based company. Anticimex Group operates in the areas of pest control, building environments, and hygiene. The company aims to create a healthy indoor environment through prevention, technology, and sustainable solutions.
• In January 2021, Rentokil Initial plc, the world’s leading commercial pest control services provider, announced the acquisition of Environmental Pest Services ('EPS'), a U.S.-based full-service residential and commercial pest control company. This acquisition will help Rentokil Initial plc., in its strategy to acquire pest control businesses that will build customer density and strengthen its reach in key local markets. Rentokil Initial plc. provides fully integrated facilities management and essential support services to government and commercial sector, and organization of all sizes across all business sectors. The company provides services in pest control, hygiene, workwear, facilities, and plants.
• In January 2021, Badische Anilin und Soda Fabrik (BASF), a chemical company that is engaged in production, marketing and sales of chemicals, plastics, crop protection products, and performance products, launched an insecticide active ingredient. The company submitted the regulatory dossiers for the Axalion insecticide in Australia and Korea. It is positioning itself to provide sustainable innovations for agriculture.
• In November 2020, Syngenta Crop Protection LLC, 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. Syngenta Crop Protection LLC, provides crop protection chemical products and agricultural services. The company produces fungicides, herbicides, insecticides, and seed care treatments, as well as farm management, seeds, and research and development services.

Global Pest Control Products and Services Market - Key Players

Key players operating in the global pest control products and services market are Ecolab Inc., Rollins Inc., Rentokil Initial Plc., ServiceMaster Company, LLC, Massey Services Inc., Arrow Exterminators Inc., Sanix Incorporated, Asante Inc., Dodson Pest Control, Inc., Target Specialty Products, Pelsis Ltd., Killgerm Ltd., WinField Solutions, LLC, and Univer Inc.

*Definition: Pest control is the process of controlling, managing, minimizing or removing undesirable insects and other pests from spaces occupied by people. It is handled by a licensed pest professional, who is a true expert on the pests they treat.