(EMAILWIRE.COM, February 05, 2019 ) The Global Pest Control Market was valued at USD 17.27 billion in 2016 and is projected to reach USD 26.79 billion by 2025, growing at a CAGR of 5.0% from 2017 to 2025.
Pest Control is a process for managing and regulating different organisms that are harmful for the human population. The rise in vector-borne diseases is encouraging end users on increasing their spending limit in pest control product and services. The demand for pest control is also increasing due to the rapid changes in climatic conditions. International tourism is also an upcoming factor that is increasing the need of pest control products and services.
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1. Market Drivers
1.1 High rise in pest population.
1.2 Easy availability of pest control providers.
1.3 Major climatic changes.
2. Market Restraints
2.1 Regular changes in environmental protection laws.
The Global Pest Control Market is segmented on the basis of Pest type, Type, Application and Region.
1. By Pest Type:
2. By Type:
2.1 Mechanical Control
2.2 Chemical Control
2.3 Biological Control
3. By Application:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Rest of World.
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The major players in the market are as follows:
1. BASF SE
3. Rentokil Initial PLC
4. FMC Corporation
5. Terminix International Company, L.P
6. Bayer AG
8. DOW Chemical Company
9. Rollins, Inc
10. Bell Laboratories Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.