PEST CONTROL PRODUCTS AND SERVICES MARKET ANALYSIS

Pest Control Products And Services MarketSize and Trends

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.

Market Trends

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.

Market Trends

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.