Chemical

According to a market report by Lucintel, the future of the pest control market looks promising with opportunities in residential, commercial, and industrial applications. The global pest control market is expected to reach an estimated $29.9 billion by 2028 with a CAGR of 5.3% from 2023 to 2028. The major drivers for this market are increasing concern towards food safety, rising number of deadly vector-borne diseases, and expanding need for pest control in agriculture in order to protect crop output and improve the quality of current crops.



In this market, insect, termite, and rodent are the major pest type segments. Lucintel forecasts that insects will remain the largest pest type segment over the forecast period due to the increasing insect issues in both agricultural and non-agricultural locations and growing demand for pest management products and services to prevent the spread of insects, including ants, mosquitoes, rodents, and cockroaches.



Within this market, commercial is expected to witness the highest growth over the forecast period due to the spreading of infections by insects in public and commercial spaces and increasing number of government projects, which support a variety of pest management programs in commercial places.



North America will remain the largest region due to the growing need for pest control approaches, which are biological and organic, have less chemicals, and are more environmentally friendly, and the presence of major market leaders in the region.



Terminix, Ecolab, Rollins, Rentokil Initial, and Anticimex are the major suppliers in the global pest control market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pest control market by pest type, method, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Pest Control Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pest control market by pest type, method, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global pest control market by pest type (insects, termites, rodents, and others), method (chemical, mechanical, and biological), application (residential, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?