With changing climate conditions and expanding urbanization, the prevalence of various household pests is on a constant rise. The need for effective and environmental-friendly pest control products and services has increased considerably in both residential as well as commercial settings. Pest control products including insecticides, rodenticides and other chemicals are widely being used to eliminate pests such as termites, roaches, rodents, and mosquitoes among others.
The global pest control products and services market is estimated to be valued at US$ 27.4 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Pest Control Products and Services market are Integrated DNA Technologies, Inc., Thermo Fisher Scientific Inc., Eurofins Genomics, Biomers.net, GenScript. Pest control industry leaders are focusing on various organic and eco-friendly product offerings to capitalize on the emerging trends of sustainability and environmental consciousness. They are investing heavily in research & development activities to develop novel bio-based and targeted pest control solutions.
The growing global population has increased the strain on infrastructure and agriculture. This has boosted pest proliferation requiring advanced pest control measures. This provides numerous opportunities for industry players to introduce precision and digital pest management services. Several companies are expanding their geographic presence by entering emerging markets of Asia Pacific, Middle East, and South America. This helps them tap the major growth opportunities in urban and agriculture segments of developing nations.
Market drivers and restrain:
Rising environmental concerns across both residential and commercial sectors regarding the use of toxic chemicals is a major market driver. This has accelerated the demand for natural and organic pest control products. However, availability of cheap and lower efficacy counterfeit products poses a major challenge to established brands and restrains market potential.Stringent regulations surrounding the use of chemicals is another factor inhibiting faster market adoption of synthetic varieties.
Segment Analysis
The Pest Control Products And Services Market Growth is segmented based on pest type into insects, termites, rodents, and others. The termite segment dominates the market as termites cause extensive damage and often require continuous pest control services. Failure to control and treat termite infestations can result in severe structural damage to properties over time.
Global Analysis
Regionally, the Asia Pacific region is anticipated to grow the fastest in the pest control products and services market during the forecast period. Countries like China and India have large agrarian economies and a growing number of urban centers that face issues related to pest infestation. The widespread proliferation of pests like termites, mosquitoes, and cockroaches in the commercial and residential sectors across countries like India and China is expected to drive the need for regular pest control services and products. North America currently dominates the market due to factors like increasing pest infestation instances, a robust economy, and stringent regulatory guidelines regarding pest control and management in countries like the United States.
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