The
global pest control products and services market is segmented into product outlook such as insecticides, rodenticides, other chemical
products, mechanical and other pest control products. Among these segments, the
insecticides segment accounted for USD 5.2 Billion in 2015 and it is garnered to
USD 5.6 Billion by the end of 2016. Moreover, insecticides segment is expected
to seize a significant CAGR by the end of 2023. Likely, upsurge demand for pest control products and services from corporate sector is projected to foster the growth of global pest
control products and services market.
In addition to this, rising adoption of pest control products and services by
farmers owing to its properties such as it kills pest and results in high crop
yield is also believed to augment the demand for pest control products and
services by the end of 2023.
Global pest control products and services market is
anticipated to post a noteworthy CAGR of 6.1% during the forecast period i.e.
2016-2023. Moreover, the global pest
control products and services market is projected to account sales of USD
26.5 Billion by the end of 2023.
Additionally, mounting concern towards health and well-being among the
population is projected to foster the growth of pest control products and services market.
The cockroach
segment by application captured the biggest market for global pest control
products and services market. Moreover, cockroach segment is projected to grab
a CAGR of 5.2% by the end of 2023. In terms of regional platform, North America
region accounted for the biggest share in the markets of pest control products
and services. Moreover, North America pest control products and services market
is estimated to account for USD 7.2 Billion in 2015 and has reached to USD 8.01
Billion by the end of 2016. Apart from this, Asia-Pacific market of pest
control products and services is anticipated to account for USD 5.8 Billion by
2023, registering a CAGR of 6.2% during the forecast period i.e. 2016-2023.
Robust Expansion of Commercial and Corporate Sector
Swift
expansion of commercial and corporate sector have augmented the demand for pest
control products and services in order to
maintain hygiene and to reduce the spread of infections at workplace which is
believed to be the major factor behind the rapid growth of pest control
products and services market.
Moreover, prevalence of vector-borne diseases and virus linked to pests is also
impacting the growth of pest control products and services market.
Rapid
Urbanization
Expansion
of urban region in developing and developed nations such as U.S., China, Japan,
India and others is augmenting the demand for pest control products and
services which is predicted to be the key factor behind the positive growth of pest
control products and services market. Furthermore, increasing congestion in
urban cities and growing awareness towards health and hygiene among the urban
population is projected to boost the demand for pest control products and
services.
On
the contrary, strict government regulations regarding the usage of pest control
products due to high toxic level is believed to hamper the growth of pest
control products and services market across the globe.
The report titled “Pest
control products and services Market: Global Demand Analysis & Opportunity
Outlook 2023” delivers detailed
overview of the global pest control
products and services market in terms of market segmentation by product
outlook, by application type, by services type, by
end-user and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global pest control products and services market
which includes company profiling of Ecolab,
Inc., Rollins, Inc., Rentokil Initial Plc. , Service Master Global Holdings,
Inc., Massey Services Inc., Sanix Incorporated, Asante Inc. and WinField
Solutions LLC. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and
recent news and developments. On the whole, the report depicts detailed
overview of the global
pest control products and services
market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/pest-control-products-and-services-market-global-demand-analysis-opportunity-outlook-2023/249
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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