The report “Pest Control Services Market Size, Share and Trend Analysis Report by Application (Residential, Commercial), End Use (Insect, Termite), Region and Segment Forecasts, 2020-2027” has been added ResearchAndMarkets.com Offer.
The global Pest Control Services market size is forecast to reach USD 28.1 billion by 2027 and grow at an annual growth rate of 4.5% from 2020 to 2027.
The changing climate and temperature rise act as main catalysts for the increasing demand for pest control services. Other factors such as the increase in commercial and residential projects and intolerance to pests are fueling market growth.
In addition, the increasing popularity of the use of biocides supports the market growth. Factors such as environmental friendliness and the replacement of traditional pesticides are driving product demand. For example, Rentokil has registered CO2 for rodent control in accordance with EU biocide regulations. The company continues to work in insect and rodent control.
Companies in the market are focusing on strategies like mergers and acquisitions to gain market share and increase their service footprint. For example, Rentokil, ServiceMaster and Rollins spent $ 359, 254 and 77 million, respectively, on pest control acquisitions in 2018, according to The Potomac Company. In 2019 Rentokil Initial PLC made 41 acquisitions in 23 countries. The company had acquired 30 pest control, 8 hygiene and 3 Ambius companies and had annual sales of USD 155.2 million in the year prior to the acquisition.
The company has acquisitions in Australia, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, the Netherlands Antilles, Finland, France, Greece, Indonesia, Malaysia, Peru, Poland, Spain, Tanzania, Thailand, the UK and the USA carried out USA In addition, the company has opened up new markets in Jordan, Sri Lanka and Uruguay.
The story goes on
In terms of application, the commercial segment is estimated to expand with the fastest CAGR from 2020-2027. The growing commercial sector, along with strict rules and regulations, is a major factor in the segment’s growth. In addition, companies have a multi-year contract with the service providers, which leads to continuous revenue generation for the contract holding companies.
The insect segment dominated the market with a sales-related share of 42.0% in 2019. According to a study by the National Pest Management Association (NPMA), 97% of pest control agents treated bed bugs in 2018, 69% of which they said the entire bed bugs were Service was effective, and 66% said demand for these services is increasing. In addition, 89% of pest control found bed bugs in apartments / condominiums, 68% in hotels / motels, 59% in nursing homes, 46% in office buildings, 45% in college dormitories, and 36% in hospitals.
North America dominated the market with a sales-based share of 48.3% in 2019. According to a report published by Rentokil, 29% of all Americans had a rodent pest problem at some point in 2018, 35% in the Northeast. Additionally, 80% of US hotels and motels reported bed bugs in the past year. Yellow fever mosquito is now found in 23 US states – West Nile, Dengue, and Chikungunya viruses are now present in the US
Highlights of Pest Control Services market report
The commercial applications segment is expected to see the fastest growth from 2020 to 2027.
The insect end-use segment was valued at $ 8.3 billion in 2019.
For the Asia-Pacific region, the fastest growth is expected in the forecast period with a revenue-dependent CAGR of 5.3% from 2020 to 2027.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Summary
Chapter 3. Market Variables, Trends, and Scope of Pest Control Service
3.2. Mapping of penetration and growth prospects
3.3. Analysis of the industry’s value chain
3.3.1. Sales / retail channel analysis
3.3.2. Profit margin analysis
3.4. Market dynamics
3.4.1. Market driver analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry challenges
3.4.4. Industry opportunities
3.5. Analysis of the business environment
3.5.1. Industry analysis porter
3.6. Pest Control Services Market Roadmap
3.7. Market entry strategies
Chapter 4. Analysis of consumer behavior
4.1. Consumer trends and preferences
4.2. Factors that influence the purchase decision
4.3. Adoption of consumer applications
4.4. Observations & Recommendations
Chapter 5. Pest Control Services Market: Application Estimates and Trending Analysis
5.1. Analysis of application movement and market share, 2019 and 2027
Chapter 6. Pest Control Market: End Use Estimates and Trend Analysis
6.1. Motion Analysis and End Use Market Share, 2019 and 2027
Chapter 7. Pest Control Services Market: Regional Estimates and Trending Analysis
7.1. Regional motion analysis and market share, 2019 & 2027
Chapter 8. Competitive Analysis
8.1. Important global players, the latest developments and their effects on the industry
8.2. Key companies / competition categorization (key innovators, market leaders, emerging players)
8.3. Supplier landscape
8.3.1. Analysis of the market share of the major companies, 2019
Chapter 9. Company Profiles
9.1. Company overview
9.2. Financial performance
9.3. Application benchmarking
9.4. Strategic Initiatives
Please visit https://www.researchandmarkets.com/r/mo5ty8 for more information on this report
View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005643/de/
Laura Wood, Senior Press Manager
For EST office hours, call 1-917-300-0470
For US / CAN Toll Free, call 1-800-526-8630
For GMT office hours, call + 353-1-416-8900
Comments are closed.