The pest control products and services market involves various chemical and mechanical methods to eliminate rodents and insects that cause damage or spread disease. Common pests targeted include termites, cockroaches, bed bugs, ants, ticks, and more. Chemical pest control involves the use of insecticides, rodenticides, and other biocides to kill pests, while mechanical control utilizes techniques like traps, baits, and fumigation. The demand for pest control is rising due to factors like increasing infestations caused by rapid urbanization and climate change, along with growing consumer awareness of pest-borne diseases.

The Global pest control products and services market is estimated to be valued at US$ 27.4 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the pest control products and services are Integrated DNA Technologies, Inc., Thermo Fisher Scientific Inc., Eurofins Genomics, Biomers.net, GenScript. These companies provide a variety of pest control chemicals, devices, and extermination services for both commercial and residential customers.

The growing demand in the market is mainly driven by rising pest infestations in both urban and rural regions across the globe. Climate change is enabling certain pest species to spread into new areas more easily while unsanitary conditions in overpopulated cities are exacerbating infestation risks. This is increasing the need for regular pest control measures.

Globally, the market is witnessing strong growth in regions like Asia Pacific and South America due to rapid urbanization and growing concerns about vector-borne diseases. Countries with warm tropical climates also require frequent pest management. Various government initiatives are promoting awareness and adoption of modern pest control practices to public health and food safety.

Market drivers

One of the primary drivers of the pest control market is rapid urbanization. As more people migrate to densely populated cities, it creates suitable environments for pest infestations to thrive. Issues like overflowing landfills, clogged drainage systems, and poor hygiene give pests access to food and shelter. This increases contact between pests and humans, necessitating professional pest control. Cities nowadays account for the bulk of demand for pest control products and services globally.

Geopolitical Situation and Its Impact on Pest Control Products And Services Market Share

The current geopolitical environment has led to increasing challenges for the pest control products and services market. The ongoing Russia-Ukraine conflict and tensions between major world powers have disrupted global supply chains and made the transportation of goods more expensive. This has negatively impacted the availability of key raw materials used in pest control products like chemicals and electronic components for monitoring devices. Rising fuel costs have also pushed up the operating expenses of pest control service providers. Several European countries have faced shortages of chemical pesticides imported from Ukraine and Russia. This shortage has driven up pest control product prices across Europe in the last year.

To overcome these challenges, companies in the pest control products and services market need to diversify their sourcing networks and establish stronger ties with alternative suppliers in different geographies. Transporting goods via alternative routes by diversifying delivery modes can help mitigate risks of disruptions. Companies also need to focus on developing sustainable and environment-friendly biopesticide solutions as a long term-strategy to reduce dependence on chemical pesticides vulnerable to geopolitical issues. Adopting newer technologies like digital monitoring systems and AI-driven prediction tools can help optimize operations and costs for service providers.

Major Markets for Pest Control Products and Services in Terms of Value

The United States currently accounts for the largest share of the global pest control products and services market in terms of value, estimated at over US$ 8 billion in annual revenues. Strong demand from the commercial and residential sectors drives significant market opportunities. Another major regional market concentrated in value terms is Western Europe, led by countries like Germany, France and the UK. Together, these three countries contribute nearly 30% to the European pest control market value. Growing urbanization and rising focus on hygiene is supporting the Asia Pacific market, with China and India emerging as high potential markets experiencing double digit annual growth.

Fastest Growing Regional Market for Pest Control Products and Services

The Asia Pacific region, excluding Japan and Australia, is projected to be the fastest growing regional market for pest control products and services over the next decade. Countries like India, Indonesia, Vietnam and the Philippines are expected to witness annual market growth rates exceeding 20% through 2030. Rapid economic expansion, increasing affluence, and greater awareness about pest management are key growth drivers. Significant agricultural activity in the region coupled with a warmer tropical climate conducive for pests also supports the need for these solutions. As modern retail and food service sectors proliferate in Asia, demand from commercial customers will propel above average market growth compared to developed Western markets.

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