What is pest control market-?
The Pest Control Market is a dynamic and essential sector within the broader agriculture and environmental services industry. It plays a pivotal role in safeguarding public health and protecting agricultural, commercial, and residential properties from the harmful impact of pests. This market encompasses a wide range of services and products designed to manage and mitigate the adverse effects of pests, including insects, rodents, and other nuisance organisms. As urbanization and global trade continue to grow, the prevalence of pests becomes an increasingly significant concern. Pest control companies, supported by technological advancements and environmentally sustainable practices, are at the forefront of providing innovative solutions to control and prevent pest infestations. The market has witnessed steady growth driven by factors such as increased awareness of the importance of pest management, regulatory changes, and a growing emphasis on eco-friendly and integrated pest control methods.
Market size and volume-
The pest control market accounted for 21.7 billion in 2020 and is estimated to be US$ 45.9 billion by 2029 and is anticipated to register a CAGR of 8.7%.
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Segmentation:
- Depending upon type- the chemicals segment is projected to grow at highest CAGR over the forecast period. The use of chemical pesticides is widespread due to their relatively low cost, simplicity of application, effectiveness, availability, and stability. These factors, coupled with the growing economic conditions across Asia, encourage the adoption of chemicals to a larger extent. Chemical pesticides are generally fast-acting, which helps minimize their impact on the surrounding environment. Local agencies are adopting new technologies in deploying chemical solutions, including the use of drone-based sprays, to maximize the area to be covered.
- Depending upon pest type- the insects segment is projected to grow at highest CAGR over the forecast period. The climate across the Asia Pacific, especially in Southeast and Western Asia, is conducive for the breeding of many insects. Warmer temperatures are generally the breeding grounds for insects, supporting their faster development and prolonged survival. Termites and mosquitoes are among the major pests in the Asia Pacific region and are expected to fuel the demand for insect pest control products and services during the forecast period.
- By region-the Asia Pacific pest control market is projected to witness significant growth in China, because the development of megacities in Beijing, Shenzen, and Chongqing has marked a big increase within the pest population within the urban areas. China is that the largest consumer of pest control within the Asia-Pacific and features a subtropical climate with hot summers and cold winters, which are ideal conditions for insect proliferation.
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Competitive Landscape:
The prominent player operating in the global pest control market includes,
- Bayer CropScience
- Syngenta AG
- BASF
- UPL Ltd.
- Rentokil PCI
- Truly Nolen
- HiCare Pest Control
- Pestron India
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Key Topics Covered
- Introduction
- Study Deliverables
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Opportunity Map Analysis
- Market at Glance
- Market Share (%) and BPS Analysis, by Region
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
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