Pest Control Market to Garner $27.61 Bn, Globally, by 2025 at 5.2% CAGR: Allied Market Research

Rise in urbanization, exponential growth of population, changes in climatic conditions, and ease in availability of products & services drive the global pest control market

PORTLAND, Oregon, Sept. 23, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Pest Control Market by Type (Chemical, Mechanical, Biological, and Others), Pest Type (Insects, Termites, Rodents, and Others), and Application (Commercial, Residential, Agriculture, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025." According to the report, the global pest control industry garnered $19.38 billion in 2018, and is expected to reach $27.61 billion by 2025, registering a CAGR of 5.2% from 2018 to 2025.

Rise in urbanization, exponential growth of population, changes in climatic conditions, and ease in availability of products & services drive the global pest control market. However, health hazards regarding pest control chemicals hinder the market growth. On the other hand, product developments and new product launches create new opportunities in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2328

The chemical segment to maintain its lead position during the forecast period

Based on type, the chemical segment held the largest share in terms of revenue in the global pest control market in 2018, accounting for nearly one-third of the total market, and is expected to maintain its lead position during the forecast period. This is attributed to rise in practices of chemical pest controlling owing to its cost-effectiveness and quick applications. On the other hand, the mechanical segment is estimated to register the highest growth rate with a CAGR of 5.9% from 2018 to 2025, owing to its ease in application, cost-effectiveness, and rapid results.

The insects segment to contribute its highest share by 2025

Based on pest type, the insects segment accounted for nearly two-fifths of the total share of the global pest control market in 2018, and is expected to contribute its highest share during the forecast period. This is due to Increase in use of insecticides in hospitals, farms, households, restaurants, and forest plantations. On the other hand, the rodents segment would grow at the largest rate with a CAGR of 6.6% from 2018 to 2025, owing to increase in demand for rodents control due to surge in demand for food grains and expansion of food storage capacity. 

North America to maintain its leadership status during the forecast period

North America held the major market share, accounting for nearly half of the total global pest control market in 2018, and is expected to maintain its leadership status during the forecast period. This is attributed to rise in construction activities in the region and surge in concerns regarding estimated food production requirements by 2050. However, Asia-Pacific is expected to register the highest rate with a CAGR of 6.8% from 2018 to 2025, owing to low labor costs, less manufacturing costs, and high adoption of pest control methods for residential, agricultural, and industrial applications.   

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2328

Leading Market Players

• BASF SE
• Bayer AG
• Rentokil Initial Plc.
• Ecolab
• Rollins, Inc.
• Anticimex
• FMC Corporation
• The ServiceMaster Company, LLC
• Syngenta
• Dodson Pest Control, Inc.
• Lindsey Pest Services

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Europe Pest Control Services Market: Opportunity Analysis and Industry Forecast, 2018 - 2025

Herbicides Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  
Photo: https://mma.prnewswire.com/media/999379/Pest_Control_Market.jpg