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Pages: 211 |
Apr 2021 |
The global pest control services market is predicted to garner $12,478.0 million in the 2020-2027 timeframe, increasing from $8,131.3 million in 2019 at a CAGR of 5.4%.
Adoption of new technologies and increasing pest caused diseases globally is estimated to fuel the pest control services market growth.
However, the severe guidelines for the approval of pest elimination products is a growth-limiting factor for the industry.
Based on regional analysis of the market, the Asia-Pacific region’s pest control services market is predicted to grow at a 6.2% CAGR by producing a revenue of $2,045.1 million in the review time.
Pest control services manage, reduce, and eliminate various pests like termites, ants, bedbugs, rodents, and other similar pests from residential, commercial, and industrial places. Pest control is an important measure as these pests are carriers of harmful and dangerous disease-causing microorganisms.
The COVID-19 outbreak had a slight undesirable impact on the global pest control services market due to severe disruption of supply chains and services across the globe. However, in post lockdown period, the global industry is estimated to experience a noteworthy growth as there is increase in demand for pest control services especially from residential sectors. Also, some of the leading players are offering disinfection services during the COVID-19 lockdown period to sustain during the epidemic time. For example, in April 2020, ServiceMaster Global Holdings, Inc., a leading provider of pest and termite control, launched a new disinfection service called Disinfectix TM Disinfection Service in order to meet the increasing demand for COVID-19 disinfection. The company has been providing disinfection service by trained professionals to use against SARS-CoV-2 virus. Through this initiative, the company aimed to expand their services across the globe.
The overall pest control services market is predicted to experience a significant growth majorly owing to increasing prevalence of pest caused diseases across the globe. As per World Health Organization (WHO) estimation in 2019, dengue was the most prevalent viral infection caused by mosquitoes and pests are responsible for major viral infections such as Zika virus fever, chikungunya, tick-borne encephalitis, and other similar diseases. Also, annually, about 3.9 billion people across 129 countries are at threat of contacting dengue and the disease has accounted for about 40,000 global deaths. Such aspects are rising the demand for pest control services and is predicted to upsurge the growth of the market in the forecast time. In addition, increasing adoption of technologies like drone pest control to provide faster services to customers is estimated to surge the market growth in the review period. This growth is especially due to increasing deployment of drones for pest control inspections. Drones reduce the risk factor while reaching heights and narrow places for humans. They also save time and manpower and hence, such factors are predicted to fuel the growth of the market in the analysis time.
To know more about pest control services market drivers, get in touch with our analysts here.
Stringent government regulations are laid down in various countries for the product approval due to high toxicity of chemicals is estimated to limit market growth during the estimated time. The negative impact associated with pest control chemicals due to harmful effects on humans is further predicted to restrict the growth of the market.
Continuous incorporation of the communication tools like real time video recorders and mobile phones is estimated to generate lucrative opportunities for the pest control services market growth in the coming years. By utilizing these communication tools, the pest control service providers are able to capture real time information about the location and type of pest problems. For instance, real time communication devices like GoPro video can capture a particular pest problem and directly connect pest management professionals for corrective action management.
To know more about pest control services market opportunities, get in touch with our analysts here.
Source: Research Dive Analysis
The insects pest control services sub-segment accounted for dominating the market in 2019 and is expected to account for a revenue of $3,906.7 million during the analysis period. This dominance is majorly attributed to rising number of insects across the globe and this is directly impacting the pest control services demand. Further, increasing insects intolerance especially cockroaches among people is estimated to fuel demand for pest control services and fuel the growth of the sub-segment market growth in the forecast time.
The mosquitoes pest control services type is predicted to have the lucrative growth and it is anticipated to reach a revenue of $2,168.1 million by 2027, with a CAGR of 6.2%. Growing demand for mosquito controls especially in residential areas due to increasing occurrence of vector-based illnesses such as dengue, malaria, and other similar diseases is estimated to fuel the growth of the market in the analysis time.
Source: Research Dive Analysis
The residential sub-segment of the global pest control services market is expected to have a lucrative growth and is estimated to surpass $4,573.8 million by 2027, with a CAGR of 5.9% during the forecast time. Surge in demand for pest control services from consumers for residential places owing to increasing prevalence of vector borne diseases in residential places is estimated to upsurge the growth of the market in the forecast time. Further, rising importance of hygiene practices is creating a necessity to eliminate pest caused diseases by regular inspection on pest growth. These aspects are predicted to impel the growth of the market.
The commercial sub-segment was a significant revenue contributor of the pest control services in 2019, it was over $3,723.4 million and is predicted to generate a revenue of $5,634.3 million by 2027, at a CAGR of 5.2%. This dominance is present because the commercial sector companies have a long-term contract with pest control service providers to keep safe and hygienic surroundings in the commercial places. Further, commercial sector is required to maintain hygiene standards and eliminate property damages caused by pests. These aspects are estimated to fuel the growth of the industry in the analysis time.
Source: Research Dive Analysis
The Market for Pest Control Services in North America to be the Most Dominant
The North America pest control services market accounted $4,493.9 million in 2019, is projected to maintain its dominance, and generate a revenue of $6,775.8 million by the end of 2027. This dominance is majorly owing to presence of significant service providers in North America region and this is encouraging customers to adopt advanced pest control services. Also, constant demand for termite control services from residential & commercial sectors to eliminate property damage is predicted to drive the industry growth in the forecast time.
The Market for Pest Control Services in Asia-Pacific to be the Fastest Growing
The share of Asia-Pacific pest control services market is anticipated to grow at a 5.3% CAGR and account for $2,045.1 million by 2027. The increasing urbanization in developing countries like Australia, India, and China is estimated to propel demand for pest control services especially from commercial & residential sectors is predicted to drive market growth in the analysis time.
To explore more about pest control services market, get in touch with our analysts here.
Source: Research Dive Analysis
The key global pest control services market players are Ecolab, Rentokil Initial plc, Rollins, Inc., The Terminix International, Anticimex, MASSEY SERVICES, INC., Aptive Environmental, ABC Home & Commercial Services, Cook’s Pest Control and Home Paramount Pest Control.
Porter’s Five Forces Analysis for Pest Control Services Market:
Aspect | Particulars |
Historical Market Estimations | 2018-2019 |
Base Year for Market Estimation | 2019 |
Forecast timeline for Market Projection | 2020-2027 |
Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
Segmentation by Pest Type
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Segmentation by End User
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Key Countries covered | U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Argentina, GCC and Saudi Arabia |
Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data pest types
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.Pest type trends
2.3.End user trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview
4.Collagen Peptides Market, by Pest type
4.1.Insects
4.1.1.Market size and forecast, by region, 2019 - 2027
4.1.2.Comparative market share analysis, 2019 & 2027
4.2.Rodents
4.2.1.Market size and forecast, by region, 2019 - 2027
4.2.2.Comparative market share analysis, 2019 & 2027
4.3.Termites
4.3.1.Market size and forecast, by region, 2019 - 2027
4.3.2.Comparative market share analysis, 2019 & 2027
4.4.Mosquitoes
4.4.1.Market size and forecast, by region, 2019 - 2027
4.4.2.Comparative market share analysis, 2019 & 2027
4.5.Others
4.5.1.Market size and forecast, by region, 2019 - 2027
4.5.2.Comparative market share analysis, 2019 & 2027
5.Collagen Peptides Market, by End user
5.1.Residential
5.1.1.Market size and forecast, by region, 2019 - 2027
5.1.2.Comparative market share analysis, 2019 & 2027
5.2.Commercial
5.2.1.Market size and forecast, by region, 2019 - 2027
5.2.2.Comparative market share analysis, 2019 & 2027
5.3.Others
5.3.1.Market size and forecast, by region, 2019 - 2027
5.3.2.Comparative market share analysis, 2019 & 2027
6.Collagen Peptides Market, by Region
6.1.North America
6.1.1.Market size and forecast, by pest type, 2019 - 2027
6.1.2.Market size and forecast, by end user, 2019 - 2027
6.1.3.Market size and forecast, by country, 2019 - 2027
6.1.4.Comparative market share analysis, 2019 & 2027
6.1.5.U.S.
6.1.5.1.Market size and forecast, by pest type, 2019 - 2027
6.1.5.2.Market size and forecast, by end user, 2019 - 2027
6.1.5.3.Comparative market share analysis, 2019 & 2027
6.1.6.Canada
6.1.6.1.Market size and forecast, by pest type, 2019 - 2027
6.1.6.2.Market size and forecast, by end user, 2019 - 2027
6.1.6.3.Comparative market share analysis, 2019 & 2027
6.1.7.Mexico
6.1.7.1.Market size and forecast, by pest type, 2019 - 2027
6.1.7.2.Market size and forecast, by end user, 2019 - 2027
6.1.7.3.Comparative market share analysis, 2019 & 2027
6.2.Europe
6.2.1.Market size and forecast, by pest type, 2019 - 2027
6.2.2.Market size and forecast, by end user, 2019 - 2027
6.2.3.Market size and forecast, by country, 2019 - 2027
6.2.4.Comparative market share analysis, 2019 & 2027
6.2.5.Germany
6.2.5.1.Market size and forecast, by pest type, 2019 - 2027
6.2.5.2.Market size and forecast, by end user, 2019 - 2027
6.2.5.3.Comparative market share analysis, 2019 & 2027
6.2.6.UK
6.2.6.1.Market size and forecast, by pest type, 2019 - 2027
6.2.6.2.Market size and forecast, by end user, 2019 - 2027
6.2.6.3.Comparative market share analysis, 2019 & 2027
6.2.7.France
6.2.7.1.Market size and forecast, by pest type, 2019 - 2027
6.2.7.2.Market size and forecast, by end user, 2019 - 2027
6.2.7.3.Comparative market share analysis, 2019 & 2027
6.2.8.Spain
6.2.8.1.Market size and forecast, by pest type, 2019 - 2027
6.2.8.2.Market size and forecast, by end user, 2019 - 2027
6.2.8.3.Comparative market share analysis, 2019 & 2027
6.2.9.Italy
6.2.9.1.Market size and forecast, by pest type, 2019 - 2027
6.2.9.2.Market size and forecast, by end user, 2019 - 2027
6.2.9.3.Comparative market share analysis, 2019 & 2027
6.2.10.Rest of Europe
6.2.10.1.Market size and forecast, by pest type, 2019 - 2027
6.2.10.2.Market size and forecast, by end user, 2019 - 2027
6.2.10.3.Comparative market share analysis, 2019 & 2027
6.3.Asia Pacific
6.3.1.Market size and forecast, by pest type, 2019 - 2027
6.3.2.Market size and forecast, by end user, 2019 - 2027
6.3.3.Market size and forecast, by country, 2019 - 2027
6.3.4.Comparative market share analysis, 2019 & 2027
6.3.5.China
6.3.5.1.Market size and forecast, by Product, 2019 - 2027
6.3.5.2.Market size and forecast, by end user, 2019 - 2027
6.3.5.3.Comparative market share analysis, 2019 & 2027
6.3.6.India
6.3.6.1.Market size and forecast, by pest type, 2019 - 2027
6.3.6.2.Market size and forecast, by end user, 2019 - 2027
6.3.6.3.Comparative market share analysis, 2019 & 2027
6.3.7.Japan
6.3.7.1.Market size and forecast, by pest type, 2019 - 2027
6.3.7.2.Market size and forecast, by end user, 2019 - 2027
6.3.7.3.Comparative market share analysis, 2019 & 2027
6.3.8.Australia
6.3.8.1.Market size and forecast, by pest type, 2019 - 2027
6.3.8.2.Market size and forecast, by end user, 2019 - 2027
6.3.8.3.Comparative market share analysis, 2019 & 2027
6.3.9.South Korea
6.3.9.1.Market size and forecast, by pest type, 2019 - 2027
6.3.9.2.Market size and forecast, by end user, 2019 - 2027
6.3.9.3.Comparative market share analysis, 2019 & 2027
6.3.10.Rest of Asia Pacific
6.3.10.1.Market size and forecast, by pest type, 2019 - 2027
6.3.10.2.Market size and forecast, by end user, 2019 - 2027
6.3.10.3.Comparative market share analysis, 2019 & 2027
6.4.LAMEA
6.4.1.Market size and forecast, by pest type, 2019 - 2027
6.4.2.Market size and forecast, by end user, 2019 - 2027
6.4.3.Market size and forecast, by country, 2019 - 2027
6.4.4.Comparative market share analysis, 2019 & 2027
6.4.5.Latin America
6.4.5.1.Market size and forecast, by pest type, 2019 - 2027
6.4.5.2.Market size and forecast, by end user, 2019 - 2027
6.4.5.3.Comparative market share analysis, 2019 & 2027
6.4.6.Middle East
6.4.6.1.Market size and forecast, by pest type, 2019 - 2027
6.4.6.2.Market size and forecast, by end user, 2019 - 2027
6.4.6.3.Comparative market share analysis, 2019 & 2027
6.4.7.Africa
6.4.7.1.Market size and forecast, by pest type, 2019 - 2027
6.4.7.2.Market size and forecast, by end user, 2019 - 2027
6.4.7.3.Comparative market share analysis, 2019 & 2027
7.Company profiles
7.1.Ecolab
7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis
7.2.Rentokil Initial plc
7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis
7.3.Rollins, Inc.
7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis
7.4.The Terminix International
7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis
7.5.Anticimex
7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis
7.6.MASSEY SERVICES, INC.
7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis
7.7.Aptive Environmental
7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis
7.8. ABC Home & Commercial Services
7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis
7.9.Cook’s Pest Control
7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis
7.10.Home Paramount Pest Control
7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis
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