Pest Control Services Market: Poised for 6.2% CAGR Expansion by 2033

In 2023, the global pest control services market is expected to yield revenues of USD 23.26 billion, with a forecasted growth rate of 6.2% leading to a valuation of USD 42.44 billion by 2033. The increasing demand for pest control services reflects a growing awareness of the importance of pest management in maintaining health and hygiene standards. With a Compound Annual Growth Rate (CAGR) of 6.2%, the market is poised for significant expansion over the forecast period. This growth trajectory underscores the persistent need for effective pest control solutions across residential, commercial, and industrial sectors.

A key pest management strategy is the increased development of biocontrol agents that may be used to reduce the number of pests. These biological agents are less hazardous than some more widely used chemical pesticides since they are naturally occurring live creatures. As a result, they are integrating themselves more deeply into the industry.

The manufacturing processes and surroundings are subject to strict regulatory standards in the environmental protection sector. Also, they change depending on the legislation of each nation. Pest control, environmental protection, and different nations’ health organizations require registration before using pest control products.

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Key Takeaways

Sales of pest control services totaled US$ 20.7 billion in 2021. Between 2023 and 2033, FMI expects the agricultural category to increase by 50-150 basis points.
North America’s pest control services industry is likely to expand at a 5.2% CAGR by 2033. The demand for pest control services in the United States is predicted to increase at a healthy pace of 5.1% CAGR, according to FMI.
Due to increasing awareness of pest-borne diseases, the European market is expected to have a market share of 19.5% by 2033.
Chemical pest control is likely to hold a top spot regarding service type with a CAGR of 5.9% by 2033.
The insecticide segment is likely to hold a top spot based on the product, with a CAGR of 7% by 2033.
The residential sector holds nearly 35% of the global pest control service industry.
The growing popularity of Integrated Pest Management (IPM) in South Korea to preserve crops with less pesticide use is also helping to strengthen the market.

Competitors Winning Strategies

Pest control services businesses that provide cutting-edge, sustainable, and green pest management solutions that satisfy legal criteria and incorporate disease prevention are likely to enjoy the market expansion. Companies are creating innovative technology solutions to increase service effectiveness to acquire market share in the mature market.

Key Players

Rollins, Inc.
Rentokil Initial PLC
Anticimex
Cook’s Pest Control, Inc.
ABC Home Commercial Services
Animal Pest Management Services, Inc.
Lloyd Pest Control
Green Earth Pest Control, LLC
Aptive Environmental, LLC
Home Paramount Pest Control, LLC
Dodson Pest Control
Environmental Pest Service, LLC
Truly Nolen of America, Inc.
Florida Pest Control Chemical
Massey Services, Inc.
Arrow Exterminators

Recent Developments:

In May 2021, Anticimex Group, one of the world’s top pest control firms, revealed that it had acquired Palmera Junior, a Colombian family-owned business with a strong track record of expansion. To launch an expansion plan in this quickly expanding sector, Anticimex undertook the first strategic purchase in Latin America.
Several different crops can be protected using Spiropidion, a new innovative technology, from pests that are particularly harmful and challenging to control, according to Syngenta Crop Protection, a leading global crop protection organization, which announced the product’s launch in November 2020.

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