June 14, 2022
As per the research report titled ‘Global Pest Control Market (2021 Edition) - Analysis Pest Type (Insect, Termite, Others), Control Method (Chemical, Mechanical, Biological, Others), By Application, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026),’ available with MarketStudyReport, global pest control market accounted for USD 20335.23 million in the year 2020 and is expected to witness prominent growth through 2026.
The significant factors contributing to the expansion of global pest control market are increased economic activities, growing population, awareness about diseases caused by insects, along with pest intolerance.
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Furthermore, climate change is leading to an upsurge in fly-borne infections, which is likely to increase the demand for pest management services across the globe. Notably, pest control services are expected to gain immense popularity as a way of avoiding the worst-case scenario, augmenting the market growth.
On the other hand, the outbreak of the COVID-19 pandemic, which was a global public health catastrophe unlike any other, impacted almost every industry, and are likely to influence the growth of the pest control industry during the forthcoming years. However, the pandemic also raised knowledge about monitoring of the possibility for viruses and infectious diseases in any organization, which will boost the demand for pest control products & services.
Additionally, improved customer engagement and innovative product developments in the air purification domain are projected to enhance the efficiency of pest control services. This factor, along with population booms with rising in building infrastructure will stimulate the industry outlook.
Speaking of application spectrum, the industry is categorized into commercial, residential, and others. Based on pest type, the market is bifurcated into termite, insect, and others. Classifying the market by control methods into biological, mechanical, chemical, and others.
Speaking of regions, North America accounted for the largest proportion of overall revenue generated in 2020 and is estimated to grow substantially through 2026, cites the report.
Looking at the competitive panorama, companies including Cook's Pest Control Inc., Massey Services Inc., Dodson Pest Control, Ecolab Inc., Rollins Inc., Rentokil Initial plc, Terminix Global Holdings Inc., Anticimex AB, Arrow Exterminators Inc., and FMC Corporation are influencing global pest control market trends.