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Global Pest Control Market Expected to Reach USD 25.7 Billion by 2026, Driven by the Growing Consciousness Regarding Health and Hygiene

According to a new report by EMR titled, 'Global Pest Control Market Report and Forecast 2021-2026', the global market for pest control reached a value of USD 19.2 billion in 2020. The market is further expected to grow at a CAGR of 5% in the forecast period of 2021-2026 to reach USD 25.7 billion by 2026.

The pest control industry is greatly influenced by the growing consciousness regarding health and hygiene. The use of pest controls within residential and commercial sectors helps maintain health, hygiene, and cleanliness. Therefore, the adoption rate for pest control is rising across the world. Furthermore, the rising diseases caused by these pests makes it all the more crucial to control through pest control, thereby aiding the market growth. In addition, the market is being propelled by the rising demand for pest control in various industries like food and beverages. The industry adopts its own set of pest control measures in accordance with various related factors like production temperature, raw materials used, and environment. Hence, various pest control programmes have come into being to support the diverse demands of various food companies.

BASF SE (OTCMKTS: BASFY), a major key player in the pest control industry, announced in March 2020, the launch of Ventigra insecticide to fight against rising pest pressures. This newly launched insecticide is packed with a unique mode of action and has an amazing resistance management tool for greenhouse growers and nurseries. It further provides precision-targeted pest management of sucking insects such as aphids, whiteflies, and scales. The rising innovations such as these within the industry is expected to aid the market growth over the forecast period.

Market Analysis by Pest Type, Control Method, Mode, Application, and Region:

  • The pest control industry, on the basis of pest type, is divided into insects, termites, rodents, and wildlife, among others.
  • Based on control method, the industry is segmented into mechanical, biological, and chemical, among others.
  • By mode, the industry is categorised into powder, spray, traps, and baits.
  • Based on application, the industry is divided into commercial, residential, industrial, and agriculture, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The pest control industry is being driven by the rising focus towards bio-based products for pest control instead of toxic chemicals.
  • The growing environment awareness for eco-friendly products is further aiding the market growth.
  • The market is being propelled by the accelerating rate of adoption of organic pesticides, especially in developed regions.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for pest control for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the pest types, control methods, modes, applications, and major regions of pest control. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Anticimex International AB, BASF SE, Bayer AG, Syngenta Crop Protection, LLC, Rollins, Inc., Rentokil Initial plc, and Dodson Pest Control, Inc., among others, are the key players in the global pest control market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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