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Pest Control Service Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global pest control services market size was valued at USD 160.2 billion in 2022 and is expected to grow at a CAGR of 4.1% during the forecast period 2023 to 2030. The demand for pest management services is projected to grow on account of the increasing number of pests and their adverse effects on public health. For instance, the World Health Organization (WHO) reported that more than one million people die each year due to insect-borne diseases. The increasing pest population is also affecting the agriculture sector, leading to an increase in the demand for pest control services.
The growing awareness among consumers about the importance of pest control services is expected to fuel the market growth. This awareness is further increasing due to the increasing prevalence of pests and their adverse effects on public health and the environment. Additionally, there is a growing demand for organic pest control services, owing to the increasing awareness about the potential risks associated with chemical-based pest control services. Furthermore, regulatory authorities are increasingly focusing on reducing the use of chemical-based pesticides, which is expected to boost the demand for organic pest control services.
The increasing number of pest control companies is expected to drive the market growth. For instance, in May 2021, Terminix launched a new line of pest control services, Terminix AllClear, aimed at providing consumers with an effective, safe, and affordable pest control solution. Moreover, these companies are offering a wide range of services, such as termite control, rodent control, and mosquito control, to meet the growing demand of consumers. Furthermore, the increasing demand for pest control services among the residential sector is expected to drive the market growth over the forecast period.
The rising demand for pest control services in the commercial sector is also expected to drive the market growth. In the commercial sector, pest control services are used to control rodents, cockroaches, and other pests. Furthermore, the increasing demand for pest control services from food and beverage, healthcare, and hospitality sectors is also expected to drive the market growth. For instance, in March 2021, Ecolab launched a new integrated pest management (IPM) program for the food and beverage industry, designed to help customers reduce their pest management costs and risks.
Moreover, technological advancements, such as the development of new pest control products and services, are expected to drive the market growth. For instance, in August 2021, Rentokil Initial launched a new digital pest monitoring solution, Rentokil Digital Pest Monitoring, to remotely monitor and detect pests in food preparation and storage areas. Furthermore, the increasing use of Internet of Things (IoT)-enabled solutions and pest control software is expected to drive the market growth over the forecast period.
Product Insights
The insecticides segment held the largest market share in 2022, and is anticipated to reach USD 20.2 billion by the end of the forecast period. Increasing awareness among consumers regarding the health hazards posed by pests, and the proliferation of pest-borne diseases in both urban and rural areas are some of the key factors driving the demand for pest control insecticides. According to an article published by the Journal of Pest Science in April 2020, there is an increasing demand for effective pest control methods due to the increasing global population and environmental pollution.
The bird control segment is expected to register the fastest CAGR of 8.7% over the forecast period. Growing concerns regarding the health and safety of birds, increasing bird-related losses in agriculture and infrastructure, and the emergence of technologically advanced products such as laser deterrents are some of the key factors driving the bird control market growth. Additionally, increasing initiatives by governments to control the bird population is further propelling the demand for bird control products.
Distribution Channel Insights
The supermarkets and hypermarkets segment captured the major share of over 41.3% in 2022. The growth of the segment is mainly driven by the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase pest control products. Consumers prefer to visit supermarkets & hypermarkets to find the right product as they are able to compare different products prior to purchase. In addition, supermarkets & hypermarkets also offer discounts on pest control products, which have further been driving the segment growth.
The online segment is anticipated to expand at the highest CAGR of 12.6% over the forecast period. E-commerce development in the pest control industry has been rapid, with companies launching online websites and shopping apps to increase their brand visibility among consumers. For instance, in December 2022, Amazon launched Amazon Pest Control, an online platform for pest control products. The website offers a wide range of products from different brands, along with expert advice and opinions on choosing the best pest control product.
Type Insights
The chemical-based pest control segment is expected to remain dominant in the market with a market share of 41.9% in 2022. The increasing demand for eco-friendly pest control solutions such as organic pesticides, natural oils, and biopesticides is encouraging companies to expand the availability of these products in the market. For instance, in February 2021, Bayer launched an organic pesticide for residential pest control called Natria Insect Control. Increasing awareness regarding health hazards associated with chemical-based pesticides is further driving the demand for organic pest control solutions.
The mechanical pest control segment is anticipated to register the highest CAGR of 10.7% over the forecast period. Increasing installation of bird netting, physical barriers, traps, and other mechanical devices to control the infestation of pests is driving the market. The increasing adoption of these systems by residential, commercial, and industrial customers is expected to propel the market growth in the forecast period. For instance, in January 2021, Bird B Gone launched the Critter Quitter, a mechanical device for wildlife control, in the U.S. market.
Regional Insights
Europe is expected to witness the highest growth in the pest control services market in the coming years. This is attributed to the growing environmental awareness among consumers in the region and the increased acceptance of pest control services. Moreover, stringent government regulations have been put in place to ensure that proper pest control measures are undertaken to reduce the use of chemical pesticides. For instance, in May 2021, the European Commission launched a multi-year action plan to tackle the challenge of invasive species and to protect Europe’s biodiversity.
Asia Pacific is expected to be the second-fastest growing region in the coming years. This is attributed to the growing urbanization in the region and the increasing awareness among consumers regarding the adverse effects of pests on their health and the environment. Furthermore, the rising disposable income of consumers in the region is likely to boost the demand for pest control services. For instance, in March 2021, Alipay, a Chinese payment service provider, launched a new service to allow users to purchase pest control services online.
Financial Projections
In this part of the pest control service products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These financial projections include cash flow projections and capital requirements for the pest control service products. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a pest control service products business comes from sales of products and services, such as insecticides, rodenticides, and other pest control related products. Other possible sources of profit include sales of educational materials, promotional merchandise, and services such as training and consulting.
Projecting Expenses
In this section, all the regular expenses related to keeping the pest control service products business running will be described. The list of operating expenses includes employee salaries, inventory costs, marketing and advertising, licensing and registration fees, insurance policies, utilities, and others.
Key companies & market share insights
Some of the key companies operating in the pest control service market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In June 2022, Ecolab launched a new pest control service, Ecolab Complete 360, which offers customized solutions to protect businesses from pests and diseases.
– In August 2022, Terminix launched a new pest control service, Terminix Ultimate, which offers customized solutions for pest control and prevention.
– In October 2022, Rentokil Initial plc launched a new pest control service, Rentokil Pre-Treat, which offers a customized approach to pest prevention.
Some of the prominent players in the pest control service market include:
– Ecolab
– Terminix
– Rentokil Initial plc
– Rollins Inc.
– Massey Services Inc.
– Arrow Exterminators
– Anticimex Group
– Orkin LLC
– Truly Nolen of America, Inc.
– SOS Exterminating, Inc.
Global Pest Control Service Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global pest control service market based on service type, application, and region:
1. Service Type Outlook (Revenue, USD Million, 2017 – 2030)
– Residential Services
– Commercial Services
2. Application Outlook (Revenue, USD Million, 2017 – 2030)
– Rodent Control
– Termite Control
– Bed Bug Control
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the Types of Pest Control Services?
[A]: Pest control services can be divided into three main categories: chemical control, biological control, and physical control. Chemical control involves the use of pesticides or insecticides to get rid of pests. Biological control involves the use of other organisms, such as beneficial insects, to control pests. Physical control involves the use of traps, barriers, and other means of preventing pests from entering an area.
[Q]: What are the Factors Driving the Market for Pest Control Services?
[A]: Factors such as increasing pest population, growing awareness about the dangers of pests, and increasing government regulations are driving the market for pest control services. Additionally, the growth of the food industry and the need for food safety are also contributing to the growth of the pest control services market.
[Q]: Who are the Key Players in the Pest Control Services Market?
[A]: Key players in the pest control services market include Ecolab, Rentokil Initial, Terminix, Rollins, Inc., Massey Services, Inc., Anticimex Holding AB, and Aptive Environmental.
[Q]: What are the Benefits of Professional Pest Control Services?
[A]: Professional pest control services can provide many benefits, such as the elimination of pests in a safe and effective manner, the protection of property and people from pest-related damage and illnesses, and the prevention of further pest infestations. Professional pest control services are also more cost-effective than DIY solutions, as they can identify the source of the infestation and provide a comprehensive pest control plan.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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