Global Pest Control Market Is Projected To Exceed $ 31,782.1 Million And To Grow 4.8% CAGR From 2020 To 2027 – Exclusive COVID-19 Impact Analysis [237 pages] Research Dive with Great Business Opportunity report
The global pest control market is expected to show outstanding growth in the period 2020-2027. Growing incidence of diseases caused by pests is driving the growth of the market. The insect pest control subsegment, chemical subsegments, and commercial subsegments are expected to be at the forefront. The North American market is expected to dominate the market.
New York, USA, August 17, 2021 (GLOBE NEWSWIRE) – Research Dive has a new report on the global pest control market to his repository. The report says the market is expected to converge $ 31,782.1 million by 2027, with an annual growth rate of 4.8% from 2020 to 2027. This study provides detailed insights into the current prospects and future prospects of the world market. The report is produced by knowledgeable market analysts and guarantees to be a reliable source of statistics and comprehensive market insights for new players, investors, stakeholders, leading market players, shareholders, etc.
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Effects of the COVID-19 pandemic on the market:
The outbreak of the COVID-19 pandemic is having a serious impact on the growth of the global pesticide market. Government agencies have strict corporate and industrial lockdowns and restricted transportation activities; This has disrupted the production of pesticides and their supply chains in several regions. However, after the lockdown restrictions are relaxed, the need for pest control services is expected to increase mainly in commercial and residential areas, which is likely to drive market growth in the years to come.
Check out how COVID-19 is impacting the global Pest Control Market: https://www.researchdive.com/connect-to-analyst/8358
Factors Affecting Market Growth:
The growth of the global pest control market is mainly attributed to the significant emergence of pest-related diseases such as Zika virus, influenza, dengue fever, chikungunya, and others. In addition, the increasing use of advanced technologies such as the Internet of Things (IoT) to monitor agricultural fields and lands through the use of pheromone dispensers with camera-based pest traps, automated insect monitoring systems and sensors is likely to bring lucrative opportunities for market growth during the entire forecast period. However, strict guidelines and protocols for obtaining certification for pest control production are expected to stifle the growth of the market.
The story goes on
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The report divides the global Pest Control Market into Pest Type, Control Type, End-User, and Region.
Insect pest control subsegment as a leading position
The Insect Pest Control subsegment of the Pest Species segment is expected to lead the market, surpassing $ 1,008.7 million over the forecast period. This growth is mainly due to increasing human concerns about vector-borne diseases in several regions.
Chemicals sub-segment will capture the highest market share
The chemical sub-segment of the control type segment is expected to take a leadership position in the market by increasing with a CAGR of 4.4% over the estimated period. This growth is mainly due to the increased preference for chemical control methods, as they are both efficient and affordable for pest eradication.
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Commercial sub-segment to dominate the market
The commercial sub-segment of the end-user segment is expected to take the lead, exceeding $ 11,012.5 million over the forecast period. This growth is mainly due to the increasing demand for pest control products and services from the commercial sector to ensure a safer and more hygienic environment in commercial locations.
North America region takes over the leadership of the world market
The report studies the global Pest Control market in numerous regions such as North America, Europe, Asia-Pacific, and LAMEA.
Among these, the North America region market is estimated to dominate the world market by generating $ 9,610.9 million over the planned period.
The growth of this regional market is primarily due to the increasing demand in this region for pest control products and services from the residential and commercial sectors to prevent the destruction of property by pests.
Main players in the market:
• BASF SE
• Bayer AG
• Rollins, Inc.
• Terminix International
• FMC Corporation
• ADAMA Ltd
• Rentokil Initial plc
The report also features several industry-leading tactics and approaches such as key strategic moves and developments, product / service offering, business performance, Porter Five Force analysis, and SWOT analysis of key global industry players. In May 2021, for example, SenesTech, Inc., a leading fertility management company, launched a new branding campaign, The Pest Control Difference, featuring ContraPest®, which transforms pest control through the targeted reproduction of rodents.
In addition, the report outlines and presents various aspects of these key players such as business performance, product portfolio, recent strategic moves, SWOT analysis, and recent developments. Click here for the executive summary of the absolute top business development strategies.
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