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Pest Control industry Structure
Projected to grow at the highest CAGR of 6.2%, with significant contributions from emerging markets like South Korea and India.
WILMINGTON, DE, UNITED STATES, September 7, 2024 /EINPresswire / -- Pest Control
market by Type (Chemical, Mechanical, Biological, Others), by Pest Type (Insects, Termites, Rodents, Others), by Application (Commercial, Residential, Agriculture, Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
- Market Size in 2022: $22.6 billion
- Estimated Market Size by 2032: $39.0 billion
- CAGR (2023-2032): 5.7%
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Key Drivers:
- Growth in pest populations
- Urbanization, climate change, and globalization
- Increasing demand for environmentally friendly solutions
Restraints:
- Health and environmental hazards from chemical pesticides
Opportunities:
- Investment in R&D for sustainable pest control methods
- Development of organic and natural pest control products
Market Segments:
- Type: Chemical pest control held the largest market share in 2022 and is expected to maintain dominance. Mechanical pest control is projected to grow at the highest CAGR of 6.0%.
- Pest Type: Insects dominated the market in 2022. Rodents are projected to grow at the highest CAGR of 6.15%.
- Application: Commercial pest control led in market share, with agriculture expected to grow at the highest CAGR of 6.2%.
Regional Insights:
- North America: Held the largest market share in 2022 and is expected to continue leading.
- Asia-Pacific: Projected to grow at the highest CAGR of 6.2%, with significant contributions from emerging markets like South Korea and India.
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
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Allied Market Research
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