With a robust CAGR of 5.1%, the global
pest control services market will expand speedily in the years to
come. According to the new report titled, “Pest Control Services
Market: Global Industry Analysis (2012-2016) and Opportunity
Assessment (2017–2027),” although APAC accounts for relatively
small market share in the global pest control services market, the
markets in APAC, MEA and Japan regions are expected to witness rapid
growth over the forecast period.
Pest control service providers are
concentrating on replacing toxic pesticides with bio-based pesticides
to offer eco-friendly pest control services in order to ensure
adherence to stringent government regulations. Revenue from the
global pest control services market was valued US$ 16.72 Bn in 2016.
By the end of 2027, global pest control services market is expected
to reach a value of US$ 28.85 Bn expanding at a CAGR of 5.1% over the
forecast period i.e. 2017–2027.
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On the basis of service type, the global
pest control services market is segmented into chemical control
services, mechanical control services and others. Chemical control
services is further sub-segmented into organic and synthetic.
Mechanical control segment is expected to expand at a CAGR of 5.5%
over the forecast period, due to increasing need for bird control in
the agricultural end user segment in developed regions. On the other
hand chemical control service is anticipated to remain the most
dominant service segment in the market over the forecast period.
On the basis of end use, the global pest
control services market is segmented into residential, commercial,
industrial and agriculture. In terms of value, residential segment
projected to be the attractive in the global pest control services
market during the forecast period and is anticipated to register CAGR
of 5.5% in terms of value over the forecast period. While, the
commercial segment is estimated to account for relatively high value
share of 38.6% by 2017 end, and is anticipated to register CAGR of
5.2% in terms of value over the forecast period.
Application segment includes rodent
control, insect control, other wildlife control and others. Insect
control is further sub-segmented into cockroaches, ants, bed bugs,
termite, mosquitoes, Wasps, and flies. While, other wildlife control
is sub-segmented into birds, fleas, and others. Insect control
segment is estimated to account for relatively high value share of
66.1% by 2017 end, and is anticipated to register CAGR of 5.0% in
terms of value over the forecast period.
Seven regions namely, North America,
Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA
were covered in this report. North America is expected to be the most
dominant market amongst all the regions and is expected to account
for 47.3% market share of the global pest control services market by
2027 end. On the other hand, growing urbanization and
industrialization in APEJ and Latin America is expected to fuel the
growth of the market over the forecast period.
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Environnemental Pest Services, LLC,
Bulwark Exterminating, Pepcopp Pest Control Services Pvt Ltd.,
Environnemental Pest Services, LLC, Pest Control (India) Pvt Ltd.,
Truly Nolen Inc., Clark Pest Control, Home Paramount Pest Control,
Assured Environments, Anticimex, Bluechip Exterminating, National
Exterminating, Ecolab, Inc, Rollins, Inc, Rentokil Initial Plc,
Service Master Global Holdings, Inc. (Terminix), Massey Services Inc,
Arrow Exterminators Inc, Sanix Incorporated, and Asante Inc. are some
of the key companies that are operating in this market.
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