Global Pest Control Market was valued at USD 17.81 Billion in the year 2018. Global Pest Controls market is further estimated to grow at a CAGR of 7.96 % from 2019 to reach USD 28.20 Billion by the year 2025.
The Dow Chemical Company (U.S.), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), FMC Corporation (U.S.), BASF SE (Germany), National Pest Control (Dubai) and Terminix International Company, L.P (U.S) are some of the key players in the Global Pest Controls market. Better global reach at the operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
North America region holds the highest market share in 2018 and Asia Pacific region is considered as the fastest growing market in the forecasted period due to growing demand and rising population. At a country level, the U.S., China & India holds the notable market share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector.
Changes in climatic conditions
Growing economic activity
Growing pest population
Side effects associated with the use of pest control
Stringent environment regulations across the world
High opportunities in Asia pacific region
Growing preference for Pest Controls
Low focus on R&D due to high costs
Short shelf life
The segmentation is done on the basis of Type, by application, by pest type, and by region. On the basis of types, the global Pest Control market is sub segmented Chemical, Mechanical, Biologicals and Other of which the biological control segment is expected to hold the highest market share during the forecast period.
The segmentation done on the basis of the application includes Commercial, Residential, Agriculture, Industrial, and Others of which the Commercial application segment is expected to hold the highest market share during the forecast period. On the basis of pest type industry, the market is segmented asInsects, Termites, Rodents, and Others of which Termite type is expected to grow at the highest CAGR during the forecasted period due to rise in consumption and rapidly growing population.
Key Benefits for Stakeholders
Pest Control Manufacturers, Distributors and Retailers
R&D Institutes and service providers
Regulatory bodies, Research and Consulting Organization
Food and agriculture industry
End use industries
By Pest Types
Key Market Players
The DOW Chemical Company
National Pest Control
Bayer CropScience AG
Terminix International Company, L.P
Bell Laboratories Inc.
(A brief overview of 10 companies is also provided)
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