Cleanzine: your weekly cleaning and hygiene industry newsletter 18th April 2024 Issue no. 1110

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Pest control products & services market to reach US$ 28.6bn by 2026

Persistence Market Research delivers useful insights on the global pest control products and services market in a new report titled, 'Global market study on pest control products and services: North America expected to be the most attractive regional market'. It predicts that the global pest control products and services market value will increase from US$ 16.01bn in 2015 to us$ 16.94bn by 2016 end and exhibiting a Compound Annual Growth Rate of 5.4% over the next 10 years.

The prime factors powering the demand for pest control products and services are a rapid expansion of urban population across the globe, growing consumer awareness concerning health and hygiene, prevalent weather conditions supporting insect growth, a rapid increase in lifestyle expenditures, and rising international tourism.

Increase in economic activities across the globe is also a positive factor favoring the growth of the global pest control products and services market. The implementation of stringent government regulations to limit levels of chemical toxicity and restrict the use of highly toxic pesticides to reduce their hazardous impact on public health and environment is one of the major restraints for the growth of the global pest control products and services market.

The insecticides product type segment is expected to gain significant market share by 2026 and is estimated to increase 1.7 times in terms of value between 2016 and 2026. The cockroaches control application type segment is expected to be valued at US$ 5,747.6mn by 2026, registering a CAGR of 5.1% between 2016 and 2026.

The chemical control services service type segment was valued at US$ 10.93bn in 2015 and is estimated to reach US$ 11.56bn by the end of 2016, reflecting a year-on-year growth rate of 5.8%. The segment is expected to continue to remain the most dominant in the market until the end of 2026.
The residential end user segment is expected to be valued at US$ 9,956.6mn by 2026.

When it comes to regions, North America is expected to remain the most dominant regional market in the global pest control products and services market. The North America pest control products & services market was valued at US$ 7,538.5mn in 2015 and is estimated to reach US$ 7,952.4mn by the end of 2016, reflecting a year-on-year growth rate of 5.5%. The Asia Pacific pest control products and services market is expected to be valued at US$ 5,964.2mn by 2026, registering a CAGR of 6.1% during 2016 - 2026.
The global pest control products and services market report profiles some of the leading companies functional in the global pest control products and services market. Ecolab, Rollins, Rentokil Initial, Service Master Global Holdings (Terminix), Massey Services, Arrow Exterminators, Sanix Incorporated, Asante, Dodson Brothers Exterminating Company, Target Specialty Products, Pelsis, Killgerm, WinField Solutions, and Univer.

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27th October 2016