Future Market Insights

Pest Control Services Market Will Grow at an Impressive 5.4% CAGR by 2026

Growth of the global pest control services market is driven increasing pest population, attributed to the largely available food sources for small organisms and conducive living habitats.

 

Valley Cottage, NY -- (SBWIRE) -- 11/06/2017 -- The US$ 16 Bn global pest control services market is set to increase at over 5% CAGR in the next decade, according to a new market forecast report by Future Market Insights (FMI). The report, titled, "Pest Control Services Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026", offers 10-year forecast and analysis on the basis of application, service, end-users, and region.

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Global regulations and legislations on consumer safety are anticipated to boost adoption of pest control management as a standard operational procedure in end-use industries, especially in food and beverage manufacturing. End-use industries are focus on compliance with certification standards set by the British Retail Consortium (BRC) and AIB International, and this is expected to contribute to the growth of the market in the future.

Other key factors anticipated to shape up demand for pest control services include climate change (various pests thrive in warmer climates), rise in international tourism, and easy availability pest control and management solutions.

Use of technology is growing in the pest control landscape, with many companies using smartphone apps and mobile communication technology to offer highly effective services to their clients. Concerns about the potential health- and environmental-impact of pest control chemicals is influencing manufacturers to include organic chemicals in their offerings.

Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/global-pest-control-services-market/toc

North America and Western Europe are currently the largest markets for pest control services, collectively accounting for 60% revenue share of the market in 2015. Demand for pest control services in Asia Pacific excluding Japan (APEJ) is expected to witness strong growth during the forecast period. FMI estimates the APEJ pest control services market to increase at a CAGR of 6.5% during the forecast period.

Leading companies profiled in FMI's report include Ecolab, Inc., Rollins, Inc., Rentokil Initial Plc., Service Master Global Holdings, Inc. (Terminix), Massey Services Inc., Arrow Exterminators Inc., Sanix Incorporated, Asante Inc. and Dodson Brothers Exterminating Company Incorporated. The pest control service market is highly fragmented and larger players are focused towards enhancing their geographical presence and expanding their customer base by entering into strategic mergers and acquisitions with regional players.

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