The implementation of strict government regulations in industrial regions to protect the environment and favorable government initiatives to promote the use of bio-based pesticides are driving the growth of the global pest control market. By type, the chemicals segment had the largest share in 2019. By region, however, the Asia-Pacific region was the top-selling region in the same year.
Portland, OR, March 25, 2021 (GLOBE NEWSWIRE) – According to the report released by Allied Market Research, the global Pest Control Market was set at $ 20.6 billion in 2019 and is valued at $ 30.0 billion by 2027, representing a CAGR of 5.2% from 2020 to 2027. The report provides an in-depth analysis of the key investment pockets, key profit strategies, drivers and opportunities. Market size and estimates, the competitive landscape, and changing market trends.
The implementation of strict government regulations in industrial regions to protect the environment and favorable government initiatives to promote the use of bio-based pesticides are driving the growth of the global pest control market. On the other hand, toxicity and health problems due to chemicals contained in pesticides impede growth to some extent. However, ongoing R&D activities to increase reliance on bio-based pesticides are expected to create lucrative opportunities in the industry.
Download Sample PDF (193 Pages Insight PDF): https://www.alliedmarketresearch.com/request-sample/2328
Covid-19 scenario
-
The COVID-19 outbreak led to changes in consumer habits around the world, which in turn had a negative impact on the pest control market.
-
However, several government agencies have begun to offer subsidies to the market, which has proven beneficial to the sector.
The global Pest Control Market is analyzed by type, pest type, application and region. By type, the chemical segment accounted for nearly a third of total market revenue in 2019 and is expected to dominate by the end of 2027. At the same time, the mechanical segment would have the fastest CAGR of 5.9% from 2020 to 2027.
The story goes on
Request the Covid19 Impact Analysis at https://www.alliedmarketresearch.com/request-for-customization/2328?reqfor=covid
In terms of pest species, the insect segment accounted for almost two-fifths of the total market share in 2019 and is expected to remain dominant through 2027. At the same time, the rodent segment would report the fastest CAGR of 6.6% during the forecast period.
Geographically, North America held the largest share and generated nearly half of the global pest control market in 2019. The Asia-Pacific market, on the other hand, would represent that fastest CAGR from 7.9% by 2027. The other two regions analyzed in the report include Europe and LAMEA.
Leading market players analyzed in global Pest Control Market report include Dodson Pest Control Inc., Anticimex, BASF SE, Bayer AG, Cleankill Pest Control, Eastern Pest Control, Eco Environmental Services Ltd., Lindsey Pest Services, and The Service Master Global Holdings Inc., Ecolab, FMC Corporation, JG Pest Control, NBC Environment, Rentokil Initial plc, Rollins Inc. and Syngenta. These market participants have pursued various strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their status in the industry.
Interested in obtaining this report? Visit here: https://www.alliedmarketresearch.com/pest-control-market/purchase-options
Avenue ground plan | Library access | 1 year subscription |
Sign up for the Avenue subscription to access 12,000+ company profiles and 2,000+ niche market research reports for $ 699 per seat per month. The customer must purchase at least 2 seats for one year.
Avenue Library Subscription | Request for 14 days free trial from before purchase: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
About us:
Allied Market Research (AMR) is a full-service market research and management consulting division of Allied Analytics LLP based in Portland, Oregon. AMR provides unmatched quality of “market research reports” and “business intelligence solutions” to global corporations as well as medium and small businesses. AMR strives to provide business insights and advice to assist its clients with strategic business decisions and sustainable growth in their respective market areas.
AMR is introducing its premium subscription-based online library, Avenue, which has been specifically designed to provide a one-stop cost-effective solution for businesses, investors and universities. With Avenue, subscribers can use an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. It also gives users online access to quantitative and qualitative data in PDF and Excel formats, as well as analyst support, customization and updated versions of reports.
CONTACT: Contact: David Correa 5933 NE Win Sivers Drive No. 205, Portland, OR 97220 USA Toll Free: 1-800-792-5285 UK: + 44-845-528-1300 Hong Kong: + 852-301-84916 India (Pune ): + 91-20-66346060 Fax: + 1-855-550-5975 [email protected] Web: https://www.alliedmarketresearch.com
Comments are closed.