PEST CONTROL PRODUCTS AND SERVICES MARKET ANALYSIS

Market Challenges And Opportunities

• Rising Urbanization 
• Increasing Focus on the Usage of Biocides

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.