pest control

Pest Control Services Market - Size, Share, Outlook, and
Opportunity Analysis, 2018-2026
Pest control is the management and regulation of a variety of living organisms that
adversely impact human activities. Pests such as cockroaches and termites hinder
several agricultural, commercial, industrial, and residential activities. Pest control
services performed to eliminate these pests in order to ensure hygiene and good
health. Pest control services include, chemical control, mechanical control, and
synthetic control among others.
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Among region, North America is expected to hold dominant position in the global
pest control services market. The U.S. Department of Agriculture (USDA) actively
focuses on pest research and control programs and actively funds for pest control
projects. For instance, in 2014, USDA approved US$ 48.1 million in Farm Bill for the
projects aimed at preventing the introduction or spread of invasive pests.
Moreover, growing tourism industry in the U.S is one of the major factors driving
growth of the pest control services market in the region. This is owing to increasing
demand for hygienic stays. According to the data published by the World Travel &
Tourism Council, the U.S travel & tourism industry contributed US$ 1,501.9 billion in
2017, which was 7.7% of the U.S GDP.
However, pest management is regulated by the U.S Environmental Protection
Agency (EPA) and regulatory clearance and approval procedures from the
government, EPA, and other health organizations is a time consuming procedure.
Moreover, firms offering pest control services in the U.S must be licensed by the
particular state. Therefore, time constraints, scheduling conflicts, stringent regulatory
clearance, and lengthy approval procedures are some of the factors restraining the
market growth.
Global pest control services market was valued at US$ 16,179.8 Mn in 2017 and is
projected to increase to US$ 24,105.7 Mn by 2025, witnessing a CAGR of 5.1% over
the forecast period.
Among end-use industries, commercial segment is expected to witness significant
growth in the global pest control services market owing to growing construction
industry that leads to increasing demand for wood for furniture. According
Construction statistics released by office of national statistics in Great Britain (August
2018), the value of new construction work continued to grow in Great Britain
reaching £109,387 million in 2017 from £100,000 million in 2016. Moreover, the
infrastructure segment is expected to witness significant growth in Asia Pacific due to
economies such India. According to India Brand Equity Foundation Report on
infrastructure, June 2018, the Union Budget of the Government of India for 2018-19
allocated US$ 92.22 billion for the infrastructure sector. Growing infrastructure and
construction sectors are expected to propel demand for wood furniture, which is in
turn expected to drive growth of the pest control services market over the forecast
period.
Players operating in the global pest control services market are focused on adopting
various growth strategies to cater to increasing demand for pest control services.
Several pest control companies offer insurance to consumers against pest control
services. For instance, Western Exterminator Company Inc. provides termite home
protection plan, which acts as a warranty against termite attack. The warranty offers
replacement of structural timbers in homes that are damaged by termites. .
Furthermore, manufacturers are focused on developing novel technologies for
controlling pest infestation, which is a key factor driving growth of the pest control
services market. For instance, in June 2018, Terminix launched Quick Guard
Mosquito Service, to quickly combat mosquitoes in homeowners’ yards. The
treatment uses an integrated pest management approach and features a fast-acting,
effective pesticide that has been tested in the most challenging mosquito
environments.
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Global pest control services market was valued at US$ 16,179.8 Mn in 2017 and is projected to increase to US$ 24,105.7 Mn by 2025, witnessing a CAGR of 5.1% over the forecast period

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