Global Pest Control Service Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Pest Control Service Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global pest control service market has been segmented on the basis of application, end-use, as well as regions and countries.
Pest control is the regulation or management of a species defined as a pest, a member of the animal kingdom that is considered as undesirable and has an adverse impact on human activities, including the invading of residences or businesses, causing damage or heightening the risk of communicating an illness or disease.
Increasing urbanization, booming population figures and a rising intolerance for pests are some of the primary factors that are expected to increase the demand for exterminator services, leading to higher revenue growth for the global pest control service market over the next 10 years. Additionally, climate change is quickly becoming a major contributing factor for the increase in the demand of pest control services.
The rising usage of biocides in place of traditional pesticides, as they are considered eco-friendlier, is another factor that is expected to have considerable influence on the future revenue growth of the pest control service market.
Several key industry players are increasingly focusing on mergers & acquisitions with/of other companies to increase their service footprint. This is a factor that is expected to have an impactful effect on the revenue growth of this global market in the years to come.
The strict imposition of regulations and guidelines by respective governing bodies across the globe with regard to the use of chemicals and other related substances is expected to have a negative impact on future market growth of this industry. Nonetheless, several industry players are increasing investments towards the development of new innovative solutions that are aimed at improving service efficiency is a factor that is anticipated to have positive impact on the revenue growth of the global pest control service market in the foreseeable future.
Segmentation of the global pest control market is as follows:
On the basis of application, the commercial segment accounted for the highest number of revenue shares of the global pest control services market in 2019. This can be attributed to the increase in economic activities, commercial infrastructure, and an intolerance for pests invading commercial areas. Although, the residential segment is expected to grow at a considerable rate in the coming years due to increasing urbanization.
In terms of end-use, the insect segment accounted for the highest number of revenue shares of the global pest control service market in 2019, due to the exponential surge in the number of insects, especially bed bugs, is a primary factor that is contributing to the growth of this segment. The termite segment is slated to index the fastest rate of revenue growth over the next 10 years.
Regional Segmentation and Analysis:
North America accounted for the majority revenue shares of the global pest control service market in 2019. However, markets in the Asia Pacific are anticipated to index the fastest rate of revenue growth in the coming years.
Segmentation of the Global Pest Control Services Market:
Segmentation by Application:
Segmentation by End-Use:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Rentokil Initial Plc
- Rollins Inc.
- ServiceMaster Company LLC.
- Anticimex Group
- Arrow Exterminators Inc.
- Asante Inc.
- Dodson Pest Control Inc.
- Massey Services Inc.
- SANIX INC.
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