Pest control products and services play a vital role in keeping homes and commercial spaces free from pests like termites, cockroaches, rodents and mosquitoes that can cause damage to property and spread diseases. With growing concerns about health hazards of pest infestation, the demand for pest control products like insecticides, rodenticides and other chemicals along with pest control services have increased considerably.
The global Pest Control Products And Services Market is estimated to be valued at US$ 23.78 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Customer awareness regarding health impacts of pests is one of the major trends driving the growth of pest control products and services market. People are well informed about diseases spread by mosquitoes, cockroaches and rodents. This has forced them to take necessary preventive measures either through regular pest control treatments or by using do-it-yourself pest repellent products. Various awareness campaigns by government and commercial firms on public health have played a major role in changing customer perceptions towards pest control from being an unnecessary expense to an essential need. This rising awareness has significantly boosted the demand for pest control products and services over the years.
Segment Analysis
The global pest control products and services market can be segmented based on pest type into insects, termites, rodents, and others. The insects segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. This is due to the increasing problem of insect infestation such as cockroaches, mosquitoes, flies and others in both residential as well as commercial spaces.
Key Takeaways
The Global Pest Control Products And Services Market Size is expected to witness high growth during the forecast period of 2023-2030.
Regional analysis:
North America dominated the global market in 2022 owing to the high acceptance of advanced pest control products and services in countries like the US and Canada. However, Asia Pacific is expected to grow at the fastest rate during the forecast period due to the growing construction activities and increasing population density in countries like China and India which is resulting in the increasing problem of pest infestation.
Key players:
Key players operating in the pest control products and services market include Nike, Adidas AG, Borosil, Milton, H2O International SA., shanghai Atlantis Industry Co. Ltd, SIGG Switzerland Bottles AG, Decathlon S.A., Puma SE, and Camlin Kokuyo.
The global pest control products and services market size was valued at US$ 23.78 billion in 2023 and is expected to reach over US$ 33 billion by 2030, growing at a CAGR of 4.0% during the forecast period. Rapid urbanization and growing awareness about various pest-borne diseases are some of the major factors driving the market.
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