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Pest Control Services Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Global pest control services market was valued at US$ 16,179.8 Mn in 2017 and is projected to increase to US$ 24,105.7 Mn by 2025, witnessing a CAGR of 5.1% over the forecast period

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Pest Control Services Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

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  1. Pest Control Services Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026 Pest control is the management and regulation of a variety of living organisms that adversely impact human activities. Pests such as cockroaches and termites hinder several agricultural, commercial, industrial, and residential activities. Pest control services performed to eliminate these pests in order to ensure hygiene and good health. Pest control services include, chemical control, mechanical control, and synthetic control among others. Request For Sample Copy of this Research Report :​https://www.coherentmarketinsights.com/insight/request-sample/902 Among region, North America is expected to hold dominant position in the global pest control services market. The U.S. Department of Agriculture (USDA) actively focuses on pest research and control programs and actively funds for pest control projects. For instance, in 2014, USDA approved US$ 48.1 million in Farm Bill for the projects aimed at preventing the introduction or spread of invasive pests. Moreover, growing tourism industry in the U.S is one of the major factors driving growth of the pest control services market in the region. This is owing to increasing demand for hygienic stays. According to the data published by the World Travel & Tourism Council, the U.S travel & tourism industry contributed US$ 1,501.9 billion in 2017, which was 7.7% of the U.S GDP. However, pest management is regulated by the U.S Environmental Protection Agency (EPA) and regulatory clearance and approval procedures from the government, EPA, and other health organizations is a time consuming procedure. Moreover, firms offering pest control services in the U.S must be licensed by the particular state. Therefore, time constraints, scheduling conflicts, stringent regulatory clearance, and lengthy approval procedures are some of the factors restraining the market growth. Global pest control services market was valued at US$ 16,179.8 Mn in 2017 and is projected to increase to US$ 24,105.7 Mn by 2025, witnessing a CAGR of 5.1% over the forecast period.

  2. Among end-use industries, commercial segment is expected to witness significant growth in the global pest control services market owing to growing construction industry that leads to increasing demand for wood for furniture. According Construction statistics released by office of national statistics in Great Britain (August 2018), the value of new construction work continued to grow in Great Britain reaching £109,387 million in 2017 from £100,000 million in 2016. Moreover, the infrastructure segment is expected to witness significant growth in Asia Pacific due to economies such India. According to India Brand Equity Foundation Report on infrastructure, June 2018, the Union Budget of the Government of India for 2018-19 allocated US$ 92.22 billion for the infrastructure sector. Growing infrastructure and construction sectors are expected to propel demand for wood furniture, which is in turn expected to drive growth of the pest control services market over the forecast period. Players operating in the global pest control services market are focused on adopting various growth strategies to cater to increasing demand for pest control services. Several pest control companies offer insurance to consumers against pest control services. For instance, Western Exterminator Company Inc. provides termite home protection plan, which acts as a warranty against termite attack. The warranty offers replacement of structural timbers in homes that are damaged by termites. . Furthermore, manufacturers are focused on developing novel technologies for controlling pest infestation, which is a key factor driving growth of the pest control services market. For instance, in June 2018, Terminix launched Quick Guard Mosquito Service, to quickly combat mosquitoes in homeowners’ yards. The treatment uses an integrated pest management approach and features a fast-acting, effective pesticide that has been tested in the most challenging mosquito environments. For More Information:​https://tinyurl.com/y3sg26k6 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

  3. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email​: ​sales@coherentmarketinsights.com

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