Pest Control Market Size will Observe Substantial Growth by 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.

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.

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.

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

Obtain Report Details: https://www.alliedmarketresearch.com/pest-control-market

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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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.