Several important factors are augmenting the demand for pest control products and services on a global scale. Increasing awareness of the health risks posed by pests and the diseases they can transmit is driving individuals and businesses to prioritize pest prevention and control.
The global pest control market is set to undergo substantial expansion, with a projected value of USD 32.8 billion by 2028, up from an estimated USD 24.9 billion in 2023. This growth, marked by a robust CAGR of 5.7% during the forecast period, reflects the evolving needs and priorities of individuals, businesses, and industries. Factors such as heightened awareness of health risks associated with pests, increasing urbanization, and population density are driving the demand for proactive pest management.
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Residential Segment Leads Market Share
In 2023, the residential segment held the largest share of the pest control market. Pest control products designed for residential use are integral in ensuring safe and comfortable living environments. These products are tailored to address common household pests, including insects like ants, cockroaches, spiders, termites, and rodents such as mice and rats. The surge in pest infestations in residential areas has led to a significant expansion of pest control product utilization in this segment.
Insects Dominate Pest Control Market
Insects dominate the pest control market by value. Factors such as urbanization and changing climate patterns have contributed to the global proliferation of insects, necessitating effective pest management. Bedbugs, cockroaches, mosquitoes, flies, and other insects pose health risks to humans and livestock and can serve as vectors for plant and livestock diseases. Consequently, the management of insect pests is of paramount importance, driving the growth of the pest control market.
Sprays Lead Mode of Application
Sprays represent the preferred mode of application in the pest control market, primarily due to the high demand for liquid chemical formulations. Sprays offer consumers a quick and convenient means of applying pest control solutions, enhancing effectiveness and preventing property damage. This application mode ensures uniform distribution of pest control chemicals, consistent exposure of pests to active ingredients, and reduced risk of non-target species exposure. Various nozzle designs and spray patterns enable precise application to specific areas.
North America: Dominant Pest Control Market
North America emerged as the largest market, in terms of value, in the global pest control market in 2022. Several factors contribute to the expanding market in North America, including growing awareness and adoption of sustainable pest control practices. Stringent regulations in industries such as food production, hospitality, and healthcare have also played a pivotal role. Advancements in pest control technologies and methods have enhanced efficiency, targeting, and environmental friendliness, further fueling market growth in the region.
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Key Players in the Pest Control Market
Leading companies in the pest control market include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).
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