Lucintel Blog: Lucintel Forecasts Pest Control Market to Reach $29.9 Billion by 2028

Tuesday, August 1, 2023

Lucintel Forecasts Pest Control Market to Reach $29.9 Billion by 2028

According to the recent study the pest control market is projected to reach an estimated $29.9 billion by 2028 from $23.1 billion in 2023, at a CAGR of 5.3% from 2023 to 2028. Growth in this market is primarily driven by increasing concern towards food safety, rising number of deadly vector-borne diseases, and expanding need for pest control in agriculture in order to protect crop output and improve the quality of current crops.

A more than 150–page report is developed to understand trends, opportunities and forecast in pest control market by pest type (insects, termites, rodents, and others), method (chemical, mechanical, and biological), application (residential, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/pest-control-market.aspx

“Insects market is expected to remain the largest segment during the forecast period.”

Based on pest type, the pest control market is segmented into insects, termites, rodents, and others. Lucintel forecasts that the insects market is expected to remain the largest segment due to the increasing insect issues in both agricultural and non-agricultural locations and growing demand for pest management products and services to prevent the spread of insects, including ants, mosquitoes, rodents, and cockroaches.

“Within the pest control market, the commercial segment is expected to remain the largest application.”

Based on application the commercial segment is expected to witness the highest growth over the forecast period due to the spreading of infections by insects in public and commercial spaces and increasing number of government projects, which support a variety of pest management programs in commercial places.

“North America will dominate the pest control market in near future.”

North America will remain the largest region due to growing need for pest control approaches, which are biological and organic, have less chemicals, and are more environmentally friendly, and the presence of major market leaders in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/pest-control-market.aspx.

Major players of pest control market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Terminix, Ecolab, Rollins, Rentokil Initial, and Anticimex are among the major pest control providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pest-control-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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