In 2023, the global pest control services market is expected to rake in revenues amounting to US$ 23.26 billion. Analysts predict that the demand for pest control services will experience a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of 6.2%, ultimately reaching US$ 42.44 billion by the year 2033.
A key pest management strategy is the increased development of biocontrol agents that may be used to reduce the number of pests. These biological agents are less hazardous than some more widely used chemical pesticides since they are naturally occurring live creatures. As a result, they are integrating themselves more deeply into the industry.
The manufacturing processes and surroundings are subject to strict regulatory standards in the environmental protection sector. Also, they change depending on the legislation of each nation. Pest control, environmental protection, and different nations’ health organizations require registration before using pest control products.
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Business Growth Drivers:
- Increased Awareness: Growing awareness among homeowners and businesses about the importance of pest control for health and safety is driving demand. This awareness is often spurred by health concerns related to pests and the need for regulatory compliance in various industries.
- Urbanization and Population Growth: Rapid urbanization and population growth lead to increased human activity and habitat alteration, which in turn creates more opportunities for pests to thrive. As a result, there’s a greater need for pest control services to manage infestations in urban areas and protect property and public health.
- Technological Advancements: Advancements in pest control technologies, such as the development of safer and more effective chemicals, innovative trapping methods, and integrated pest management (IPM) solutions, are driving growth in the industry. These technologies improve the efficiency and effectiveness of pest control services, leading to increased demand.
- Stringent Regulations: Stringent regulations imposed by governments and regulatory bodies regarding food safety, public health, and environmental protection require businesses to implement robust pest control measures. This regulatory pressure creates a steady demand for pest control services across various sectors, including food processing, hospitality, healthcare, and agriculture.
Key Takeaways
- Sales of pest control services totaled US$ 20.7 billion in 2021. Between 2023 and 2033, FMI expects the agricultural category to increase by 50-150 basis points.
- North America’s pest control services industry is likely to expand at a 5.2% CAGR by 2033. The demand for pest control services in the United States is predicted to increase at a healthy pace of 5.1% CAGR, according to FMI.
- Due to increasing awareness of pest-borne diseases, the European market is expected to have a market share of 19.5% by 2033.
- Chemical pest control is likely to hold a top spot regarding service type with a CAGR of 5.9% by 2033.
- The insecticide segment is likely to hold a top spot based on the product, with a CAGR of 7% by 2033.
- The residential sector holds nearly 35% of the global pest control service industry.
- The growing popularity of Integrated Pest Management (IPM) in South Korea to preserve crops with less pesticide use is also helping to strengthen the market.
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Competitors Winning Strategies
Pest control services businesses that provide cutting-edge, sustainable, and green pest management solutions that satisfy legal criteria and incorporate disease prevention are likely to enjoy the market expansion. Companies are creating innovative technology solutions to increase service effectiveness to acquire market share in the mature market.
Key Players
- Rollins, Inc.
- Rentokil Initial PLC
- Anticimex
- Cook’s Pest Control, Inc.
- ABC Home & Commercial Services
- Animal Pest Management Services, Inc.
- Lloyd Pest Control
- Green Earth Pest Control, LLC
- Aptive Environmental, LLC
- Home Paramount Pest Control, LLC
- Dodson Pest Control
- Environmental Pest Service, LLC
- Truly Nolen of America, Inc.
- Florida Pest Control & Chemical
- Massey Services, Inc.
- Arrow Exterminators
- Ecolab, Inc.
- Green Pest Solutions
- Apex Pest Control, Inc.
- Hulett Environmental Services
- Plunkett’s Pest Control
- Senske, Inc.
Recent Developments:
- In May 2021, Anticimex Group, one of the world’s top pest control firms, revealed that it had acquired Palmera Junior, a Colombian family-owned business with a strong track record of expansion. To launch an expansion plan in this quickly expanding sector, Anticimex undertook the first strategic purchase in Latin America.
- Several different crops can be protected using Spiropidion, a new innovative technology, from pests that are particularly harmful and challenging to control, according to Syngenta Crop Protection, a leading global crop protection organization, which announced the product’s launch in November 2020.
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Key Segments
By Product:
- Insecticides
- Rodenticides
- Other Chemicals
- Mechanical
- Other Products
By Service Type:
- Chemical Control Services
- Organic
- Synthetic
- Mechanical Control Services
- Other Pest Control Services
By End-User:
- Residential
- Commercial and Industrial
- Agricultural
By Application:
- Rodent Control
- Insect Control
- Cockroaches
- Ants
- Bed Bugs
- Termites
- Mosquitoes
- Wasps
- Flies
- Other Insect Control
- Wildlife Control
- Birds
- Fleas
- Other Applications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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