The Global Pest Control Market is expected to grow at a CAGR of 4.5% during the forecasting period (2022-2029).
Pest control is a method used to destroy and manage different species of pests. It is used to kill or repel attacks of problems such as rodents, insects, some reptiles, and bed bugs that affect humans' daily activities. These pests not only harm the crops but also affect human life through various diseases. Pest control plays a key role that helps sanitize and clean to prevent various pest-causing diseases. Various types of professional pest control treatments are used to kill or control pest populations, consisting of biological, chemical, and mechanical methods. Inspection is the initial step for any pest control service.
The global pest control market growth is mainly augmented by a significant increase in disease outbreaks, which drive public health initiatives. Additionally, the advent of biological pest control methods further drives product demand.
An increase in the number of diseases results in public health initiatives to combat the disease.
There have been several major outbreaks of life-threatening diseases from the past few years, including influenza, chikungunya, Zika virus, H1N1 virus, and dengue, predominantly spread by insect vectors. The recent outbreak caused by insect vectors was the Zika virus outbreak, transmitted by A. albopictus and A. aegypti. The attacks and diseases differ based on the region and the presence of typical pests. To prevent further disease outbreaks, many government bodies have imposed regulations on public health and sanitation. Mandatory audit for various certifications such as ISO 22000 and ISO 9001 has also become a common requirement for industrial and commercial organizations. These certifications have a required clause of insect control to be carried out quarterly, half-yearly, and per annum. The companies that do not follow these mandates are likely to face penalties or, worse, result in them shutting down operations.
Through public health legislation and campaigns, various government programs play a major part in managing pests and other insects. These favorable initiatives involve developing strategies that aim to enhance the cost-effectiveness, sustainability of insecticides, efficacy, and environmental impact.
A radical shift towards biological pest control solutions
Technological developments at both the product and ingredient levels have increased in the past few years. For instance, the introduction of biological insecticides, which possess few or no side effects on human health, is gaining popularity among service providers. It is expected that the use of chemicals for insect control would decline gradually, and consumers are expected to incline towards biological pest control methods. The change in regulations and the development of resistance among pests further drive market growth using natural solutions.
High interminable time for product approval and high registration cost is likely to hinder the market growth.
Pest control products are developed to disrupt mating, damage the central nervous system if insects, or exterminate infestations. The number of products used should be controlled effectively by a trained professional to reduce its accumulation in the surrounding area. The registration process for pesticides differs from country to country. In the U.S., the registration process involves meeting the necessary standards under the Federal Insecticide, Fungicide, and Rodenticide Act and the Federal Food, Drug, and Cosmetic Act. As the tests and approvals required are multiple, pest control products' registration costs are high, directly affecting pest control products and services.
COVID-19 Impact Analysis
The COVID-19 pandemic has substantially increased the demand for pest control services worldwide to overcome coronavirus and bacteria's effect in commercial and residential sectors. Furthermore, post lockdown measures in various countries of the world will be crucial to have a pest control service to combat pest infestations such as mosquito breeding, cockroach infestation, and rodent activities. Various organizations are taking enough preventive measures to protect their customers and employees from the coronavirus spread. Many companies are also focusing on the B2B segment to increase their market share, as governments have been imposing stringent regulations to maintain hygiene and sanitization. Thus, COVID-19 has a positive impact on the pest control market.
Based on pest type, the global pest control market has been categorized as insects, termites, rodents, wildlife (squirrels, raccoons, opossums, etc.), and others (reptiles, birds, and mollusks).
The insect segment is estimated to hold the largest share in the global pest control market.
The insect segment accounted for the largest share in the pest control market. An increasing number of insects, mainly bed bugs, is a key factor driving the insect segment's product demand. According to research carried out by National Pest Management Association (NPMA), around 97% of the pest professionals have treated bed bugs, 69% of these service providers said that the overall bed bug service was effective, and around 66% of them said that the demand for pest control services is escalating. Furthermore, 89% of pest control workers encountered bed bugs in apartments, 59% in nursing homes, 36% in hospitals, 68% in hotels, 45% in college dorms, and 46% in office buildings.
By application, the global pest control market has been bifurcated into residential, industrial, and commercial.
The pest control market is expected to be dominated by commercial applications.
The commercial application segment held the largest share in the pest control market. Growing economic activities and zero tolerance for pests in commercial areas, including hospitality, food service, office, healthcare, and food & beverage sectors, drive product demand. Rising infrastructure in commercial space and stringent regulations for hygiene maintenance are other factors propelling the market growth. Commercial businesses generally have a multi-year contract with the service providers, which results in a secure revenue stream generation.
North America accounted for the largest market share in the pest control market.
North America witnessed the highest market share in the global pest control market. Around 29% of all Americans have, at some point, encountered a rodent pest issue in 2018, and 35% in the Northeast region. Furthermore, 80% of the U.S. motels and hotels reported some presence of bed bugs in 2017. Also, yellow fever mosquito is now present in 23 U.S. states- Dengue, West Nile, and Chikungunya viruses now found in the U.S. Also, high awareness regarding pest attacks and associated diseases has driven more frequent pest control.
The Asia Pacific is projected to be the dominating region through the forecast period and is expected to witness high growth attributed to rapid urbanization and infrastructural development in India and China.
The pest control market is highly competitive with the presence of domestic as well as global companies. Some of the key players which are contributing to the growth of the market include Rentokil Initial PLC, Rollins, Inc., ServiceMaster Global Holdings, Inc., Anticlimax Group, Arrow Exterminators Inc., Asante Inc., Dodson Pest Control Inc., Ecolab, Massey Services Inc., Guangzhou Konnor Daily Necessities Co., Ltd., Yiwu Jinwen Commodity Co., Limited, Hangzhou Shinedo Technology Co., Ltd., ADIWARNA INDUSTRIES PTE. LTD., Shijiazhuang Awiner Biotech Co., Ltd., among others. Key product manufacturers have their presence in the North American and European countries.
Rentokil Initial PLC
Overview: Rentokil Initial PLC was founded in the year 1925. Rentokil Initial is the world’s leading commercial pest control company offering the highest levels of reassurance, risk mitigation, and responsiveness to customers. The company provides a broad range of pest control services, from rodents to flying insects and other wildlife forms. The company promotes its pest control under the PestConnect brand. It offers pest management benefits to around 6,500 locations in 25 countries worldwide.
Product Portfolio: The Company’s portfolio comprises products and services related to pest control and hygiene.
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