The Pest Control Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pest Control Global Market Report 2024, The pest control market size has grown strongly in recent years. It will grow from $22.91 billion in 2023 to $24.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to health concerns related to pests, agriculture and food supply protection, urbanization and increased human population, regulatory requirements for pest management, expansion of the hospitality industry.
The pest control market size is expected to see strong growth in the next few years. It will grow to $34.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to sustainable and eco-friendly pest control methods, growing pest resistance to traditional chemicals, use of digital monitoring and data analytics, organic and natural pest control solutions, expansion of integrated pest management (ipm).. Major trends in the forecast period include remote pest control services and apps, ai and machine learning for pest prediction, adoption of non-lethal pest management, regulatory emphasis on pesticide reduction, collaboration between pest control and agriculture.
The increasing urbanization is expected to propel the growth of the pest control market going forward. Urbanization refers to the process by which rural areas become urbanized as a result of economic development and industrialization. Pest control is essential in urbanization to manage and mitigate the adverse effects of pests on public health, infrastructure, and the environment. For instance, in April 2023, according to the World Bank Group, a US-based bank, reported that currently, more than half of the global population resides in urban regions. By 2045, this urban population is projected to surge to 6 billion, marking 1.5 times increase. Therefore, the increasing urbanization is driving the growth of the pest control market.
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The pest control market covered in this report is segmented –
1) By Pest Type: Insects, Termites, Rodents, Wildlife
2) By Control Method: Chemical, Mechanical, Biological
3) By Mode of Application: Powder, Sprays, Pellets, Traps, Baits
4) By Application: Commercial, Residential, Agriculture, Industrial
Technological advancements are shaping the pest control market. Certain technologies will prevent or reduce the impact on nature. These will include the destruction of crops by humans and scheduled planting operations. For instance, in March 2021, Bayer AG, a Germany-based biotechnology and pharmaceutical company, launched Vynyty Citrus, a crop protection product based on pheromones and biology that will control pests on citrus farms. Vynyty Citrus container is an innovative tool with an active liquid inside of it that doesn’t cause resistance or residues to build up in harvests or the environment. It is the first product of its kind to be available on the market and is made with natural pyrethrum and pheromones to control pests in citrus fruits. By interfering with pests’ mating rituals, pheromones effectively suppress pest populations by preventing pest reproduction.
The pest control market report table of contents includes:
- Executive Summary
- Pest Control Market Characteristics
- Pest Control Market Trends And Strategies
- Pest Control Market – Macro Economic Scenario
- Global Pest Control Market Size and Growth
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- Global Pest Control Market Competitive Benchmarking
- Global Pest Control Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pest Control Market
- Pest Control Market Future Outlook and Potential Analysis
- Appendix
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