According to a report by MarketsandMarkets, The pest control market is expected to reach USD 29.1 billion by 2026, predicted to progress rapidly at a CAGR of 5.1%. The global market was to be valued at USD 22.7 billion in 2021.
The market is being driven by factors such as the growing demand for pest control services due to the increasing prevalence of pest-borne diseases, the rise in urbanization and globalization leading to an increase in pest infestations, and the growing awareness among consumers regarding the benefits of pest control.
In terms of type, the chemical segment dominated the market in 2020, owing to its effectiveness and wide range of applications. However, the biological segment is expected to witness significant growth during the forecast period, owing to its eco-friendliness and non-toxic nature.
Based on application, the commercial segment dominated the market in 2020, owing to the high demand for pest control services in industries such as food processing, hospitality, and healthcare. However, the residential segment is expected to witness significant growth during the forecast period, owing to the increasing awareness among homeowners regarding the benefits of pest control.
Geographically, North America dominated the market in 2020, owing to the high prevalence of pest infestations and the strict regulations pertaining to pest control in the region. However, the Asia Pacific region is expected to witness significant growth during the forecast period, owing to the rapid urbanization and increasing demand for pest control services in emerging economies such as China and India.
In conclusion, the pest control market is expected to witness significant growth during the forecast period, owing to the increasing demand for pest control services in various end-use industries and the growing awareness among consumers regarding the benefits of pest control.
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