With the slowdown in world economic growth, the Pest Control Services industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Pest Control Services market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Pest Control Services market size will be further expanded, we expect that by 2023, The market size of the Pest Control Services will reach XXX million $.
Increasing urban population is expected to propel growth of the global pest control services market over the forecast period. For instance, according to the World Bank, the urban population in China increased from 49.22% in 2010 to 60.3% in 2019. Moreover, growing residential sector is also expected to propel growth of the global pest control services market over the forecast period. For instance, according to the U.S. Census Bureau, in February 2020, there were 1,464,000, building permits, 1,599,000 housing starts, and 1,316,000, housing completions in the U.S.
Adoption of artificial intelligence in pest control is expected to offer lucrative growth opportunities for players in the pest control services market. For instance, in April 2021, University of Florida developed a smartphone app to detect the twospotted spider mite. The artificial intelligence-based app could lead to more accurate, early detection of a pest. Moreover, emergence of Covid-19 has led to increase in pest problems worldwide, which is also expected to aid in growth of the market.
Decrease in expenditure for pest control services is expected to limit growth of the global pest control services market. For instance, in April 2021, according to a new report by the Australian Bureau of Agricultural and Resource Economics and Sciences, the average farm spends more than US$ 10,000 a year in (2016 and 2019 survey) battling pests and weeds, which is a decrease of almost 50 per cent in the past three years. Moreover, use of pest control can lead to chemical poisoning, which is expected to hinder growth of the market.
The global pest control services market is witnessing several M&A activities. For instance, in April 2021, Qspray.com, a pest control equipment distributor, acquired the assets of Buzz Duster Inc., creator of long-reach pesticide duster. Similarly, in April 2021, Waynes Pest Control acquired Kirkland's Pest Control located in Fayetteville, Tennessee.
Key Takeaways
- Increasing urban population is expected to propel growth of the global pest control services market over the forecast period
- Major players operating in the global pest control services market are focused on adopting expansion strategies to enhance their market share. For instance, in May 2021, Axiom Eco-Pest Control announced expansion of its pest and extermination services into Nashville, U.S., with new offices now open at 5000 Linbar Drive, Ste 230.
- Major players operating in the global pest control services market include, Anticimex, Ecolab, Rentokil Initial, Rollins, Axiom Eco-Pest Control, and ServiceMaster
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Anticimex
Ecolab
Rentokil Initial
Rollins
ServiceMaster
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
General Pest Control
Termite Control
Industry Segmentation
Residential
Commercial
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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