Pest Control Market Trends

The chemical segment held the highest market share in 2022 and is expected to maintain its dominance throughout the forecast period.

WILMINGTON, DELAWARE, UNITED STATES, March 15, 2024 /EINPresswire.com/ -- Allied Market Research recently released a comprehensive report titled "Pest Control Market by Type, Pest Type, Application, and Region: Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global pest control market was valued at $24.6 billion in 2022 and is projected to reach $42.5 billion by 2032, with a compound annual growth rate (CAGR) of 5.7% from 2023 to 2032.

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Key Growth Drivers:

- Advances in pest control methods and technologies, including eco-friendly and targeted treatments, are enhancing efficiency and reducing environmental harm, thereby propelling market growth.
- However, the industry faces significant regulatory challenges due to the potential risks associated with pesticide use, leading to administrative burdens and legal issues for pest control companies.
- Leveraging technology for digital monitoring, data analysis, and remote pest control management offers opportunities for improved efficiency and accuracy.

Market Segmentation:

- Type: The chemical segment held the highest market share in 2022 and is expected to maintain its dominance throughout the forecast period. Nevertheless, the mechanical segment is projected to grow at the highest CAGR of 6.0% from 2023 to 2032, driven by stringent regulations on chemical pesticide use.
- Pest Type: Insects accounted for the largest market share in 2022 and are forecasted to maintain their leadership position. However, rodents are expected to grow at the highest CAGR of 6.15% due to innovations in rodent control technology.
- Application: Commercial pest control dominated the market in 2022 and is anticipated to maintain its leadership status. Agriculture, however, is projected to witness the highest growth rate of 6.21% from 2023 to 2032, driven by the need to protect crops from pests.
- Region: North America led the market in 2022 and is expected to maintain its dominance by 2032. On the other hand, the Asia-Pacific region is projected to grow at the highest CAGR of 6.01% due to government regulations promoting environmentally friendly pest control practices.

Leading Market Players:

- ANTICIMEX
- BASF SE
- BAYER AG
- CLEANKILL ENVIRONMENTAL SERVICES LTD.
- DODSON PEST CONTROL, INC.
- ECOLAB
- FMC CORPORATION
- JG PEST CONTROL
- ROLLINS, INC.
- SYNGENTA AG

These players have adopted various strategies such as new product launches, collaborations, and expansions to maintain their market dominance.

Want to Access the Statistical Data and Graphs, Key Players' Strategies:
https://www.alliedmarketresearch.com/pest-control-market/purchase-options

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.

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