THE EXPONENTIAL GROWTH OF THE PEST CONTROL MARKET

THE EXPONENTIAL GROWTH OF THE PEST CONTROL MARKET

GLOBAL PEST CONTROL MARKET LANDSCAPE

The COVID-19 pandemic had a negative impact on the global economy, leading to a decline in GDP and a change in global consumer purchasing patterns. However, it has had a diverse impact on the global market for pest control products; in fact, it has presented both new opportunities and new challenges for the major players in the industry. major players operating in the pest control industry have seen an overall improvement in business. Business growth was largely attributed to altered market dynamics and assistance from government agencies that began providing subsidies to major participants in the pest control market.

As demand from individuals has increased in places such as Europe and South Africa, companies providing pest control services such as disinfection and purification have experienced growth. People are increasingly turning to pest control services because of the recent increase in dengue fever cases in Southeast Asia and COVID-19 infections.

Factors influencing the growth of the pest control market include the adoption of strict environmental regulations in industrialized countries such as North America and Europe, as well as supportive government activities to encourage the use of organically based pesticides. In addition, because insects can survive high temperatures, frequent climate changes have a significant influence on pest expansion. In addition, a significant factor limiting market growth is the toxicity and health-related problems caused by chemicals in pesticides. On the other hand, current research and development efforts to increase reliance on bio-based insecticides are expected to present profitable growth opportunities.

KEY PLAYERS IN THE GLOBAL PEST CONTROL MARKET

The major players in the global pest control market are as follows: Anticimex, BASF SE, Bayer AG, Dodson Pest Control Inc, Eastern Pest Control, Eco Environmental Services Ltd, Ecolab Inc, FMC Corporation, PelGar International, Lindsey Pest Services, ADAMA, Rentokil Initial Plc, Rollins Inc, Syngenta AG , The Service Master Global Holdings, Inc.

The target areas in the global pest control market are as follows:

  • North America: includes the United States, Canada, Mexico
  • Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and rest of APAC
  • Europe: includes United Kingdom, Germany, France, Italy, Spain, Russia and rest of Europe
  • South America: includes Brazil, Argentina and rest of South America
  • Middle East and Africa: includes Turkey, United Arab Emirates, Saudi Arabia, South Africa and rest of MEA

North America dominates the pest control market. This is the result of the abundance of major players in the region and the significant demand for pest control services in both the residential and commercial sectors. Industry expansion in the area has also been aided by the growing awareness of the importance of pest control in halting the spread of diseases such as Lyme disease, West Nile virus, and Zika virus.

Asia Pacific is the area where exponential growth in the pest control industry is expected; this is due to the fact that it is rapidly urbanizing and industrializing, which has increased the number of insect infestations. Market expansion in the region has also been helped by the growing awareness of the importance of pest control in halting the spread of diseases such as dengue, malaria and other vector-borne diseases. In addition, the region’s growing investments in the food and agriculture sectors have increased demand for pest management methods to safeguard crops and ensure food security. In the residential sector there is now more need for pest control services due to the dense population in the area. Due to the increasing demand for pest control services and growing concerns about food safety.

The pest control market is expected to grow at a CAGR of 5.2% from 2023 to 2029. It is expected to surpass US$32.25 billion by 2029 compared to US$20.44 billion in 2022.

LOCATION OF THE SECTOR’S ENTERPRISES IN ITALY

Analyzing the sector geographically, more than half, about 55 percent, of the firms in the sector are concentrated in northern Italy. Specifically, the territorial distribution of companies is about 38 percent in the Northwest and about 17 percent in the Northeast, a macro-area where Emilia-Romagna and Veneto weigh particularly heavily. Latium and Tuscany are the regions with the highest concentration of businesses in central Italy. Relatively fewer, however, are the businesses located in the South and the Islands. In particular, it is in the provinces of Milan, Rome and Bologna that most of the national pest control activities are concentrated.

METHODOLOGIES AND TYPES OF PRODUCTS IN THE CURRENT MARKET AND CATEGORIES OF POTENTIAL CUSTOMERS

Many pest control techniques are used to manage, reduce, or control pest populations. Physical, chemical, or biological techniques can be used to control them. Because it is inexpensive and readily available, the chemical method of controlling pest growth is believed to be the best option. The negative consequences of pesticide residues on the environment and their presence in food crops have, however, become a major global concern. Although the harmful effects of chemical pesticides cannot be completely removed, their severity can be reduced by using biological pest management techniques, which will increase the demand for these techniques in the market.

We summarize some basic aspects of the modus operandi of the pest control industry:

  • The most widely used control methods for pest control are: chemical, mechanical/physical, and biological
  • The most widely used application methods for pest control are: sprays and traps
  • The main target areas for the pest control industry are: residential, commercial premises, and industry

While for potential customer categories are as follows:

  • Manufacturers and distributors of pest control products
  • Importers and exporters
  • Agricultural organization or contract farmers
  • Research and development (R&D) companies
  • Government research institutes
  • Investors

We at Demix Group passionately support the development of various projects that have a focus on creating and bringing to market innovative solutions to support the production of foods that encourage the adoption of the diets mentioned in this article, among which we mention that of “Inzecto”.

IF YOU WOULD LIKE TO RECEIVE MORE INFORMATION ABOUT THE OPPORTUNITIES IN THIS MARKET CONTACT US!