Global Pest Control Industry was valued at USD 17.81 Billion in the year 2017. Global Pest Controls Industry is further estimated to grow at a CAGR of 8 % from 2019 to reach USD 32.86 Billion by the year 2025.
Major market players in Pest Control Industry are The DOW Chemical Company, Syngenta AG, National Pest Control, Bayer CropScience AG, FMC Corp., Terminix International Company L.P, Ecolab, BASF SE, Rollins Inc., Bell Laboratories Inc., and brief overview of 10 companies is also provided in the report. Better global reach at the operational level is the main reason the key players are holding substantial Industry share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
North America region holds the highest Industry share in 2017 and Asia Pacific region is considered as the fastest growing Industry in the forecasted period due to growing demand and rising population. At a country level, the U.S., China & India holds the notable Industry share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector.
SWOT Analysis of Pest Control Industry:
Changes in climatic conditions
Growing economic activity
Growing pest population
Side effects associated with the use of pest control
Stringent environment regulations across the world
High opportunities in Asia-pacific region
Growing preference for Pest Controls
Low focus on R&D due to high costs
Short shelf life
The segmentation is done on the basis of Type, by application, by pest type, and by region. On the basis of types, the global Pest Control Industry is sub-segmented Chemical, Mechanical, Biologicals and Other of which the biological control segment is expected to hold the highest Industry share during the forecast period.
Pest Control Industry Segmentation:
By Pest Types
• North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East & Africa