NEW DELHI, Sept. 26, 2019 /PRNewswire/ -- According to a new report Global Pest Control Market, published by KBV research, The Global Pest Control Market size is expected to reach $26.3 billion by 2025, rising at a market growth of 5.3% CAGR during the forecast period. The significance of controlling pests has resulted to the development of a multitude of insecticides that avoid losses in agriculture and disease spread. Toxicological observations based on acute and chronic consequences on exposure have disclosed that many classical insecticides are extremely toxic to non-target insect species, mammals, and humans.
The North America market dominated the Global Mechanical Based Pest Control Market by Region in 2018, growing at a CAGR of 4.1 % during the forecast period. The Europe market is expected to witness a CAGR of 4.5% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 6% during (2019 - 2025). The increase in the popularity of pest control technologies can be linked to the rising scope of urban development in emerging markets and the advent of megacities hosting more than 15-20 million residents. The high population density and large middle-class population of these areas that adopt pest control services in the region, markets such as China and India are among the key markets targeted by pest control service providers and pesticide suppliers.
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The Insects market dominated the Global Pest Control Market by Pest Type in 2018, growing at a CAGR of 4.8 % during the forecast period. The main cause of the rise in the insect population is climate changes and urbanization; the high-temperature ranges allow insects to proliferate. Some species are categorized as pests from distinct kinds of insects and are regulated using chemical, biological, and other mechanical means. Using chemicals is the mainstream technique to decrease losses caused by insects. The Termites market is expected to witness a CAGR of 6.2% during (2019 - 2025).
The Commercial market dominated the Global Pest Control Market by Application in 2018, growing at a CAGR of 4.8 % during the forecast period. The Residential market is expected to witness a CAGR of 5.9% during (2019 - 2025). The residential segment is expected to maintain a significant potential for pest control service providers, driven primarily by the middle-class population and increased buying power parity. Increase in population density, climate change, and growing financial activities can contribute to a lack of resources and facilities to mitigate or decrease pollution hazards.
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The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ecolab, Inc., Truly Nolen of America, Inc., Rollins, Inc., BASF SE, FMC Corporation, Rentokil Initial PLC, PelGar International Ltd., Dodson Pest Control, Inc., ServiceMaster Global Holdings, Inc., and Bayer AG (Bayer Crop Science).
Global Pest Control Market Segmentation
By Type
- Chemical Based
- Mechanical Based
- Biological Based and
- Other Types
By Pest Type
- Insects
- Termites
- Rodents and
- Other Pests
By Application
- Commercial
- Residential
- Agriculture
- Industrial
- Other Applications
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Ecolab, Inc.
- Truly Nolen of America, Inc.
- Rollins, Inc.
- BASF SE
- FMC Corporation
- Rentokil Initial PLC
- PelGar International Ltd.
- Dodson Pest Control, Inc.
- ServiceMaster Global Holdings, Inc.
- Bayer AG (Bayer Crop Science)
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Other Reports:
- Mosquito Repellent Market
- Water Purifier Market
- Carotenoids Market
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