Allied Market Research recently released a report on pest control market for the forecast period of 2017 to 2023.
Portland, OR -- (SBWIRE) -- 09/06/2017 -- The market was valued at $15,982 million in 2016 and will garner $23,187 million by 2023. The compound annual growth rate that is currently registering is 5.4% in the forecast period. The report opens with a report description, key benefits, key market segments, and the different research methods utilized to formulate this report.
The report provides comprehensive details on market definition and scope, key findings, Porter's Five Force Analysis, and market dynamics and market share analysis. Key findings include top winning strategies and profitable investment strategies. Factors such as economic activity, changes in climatic conditions, regulation changes, and a boom in urbanization and population have been identified as the drivers. Opportunities include high intolerance against pest and product development and launches whereas restraints such as health hazards due to high chemical usage, government laws, and environmental protection acts are mentioned in the report.
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The global pest control market is segregated on the basis of type, pest type and by the application. For each of the segmentation, topics on market size and forecast, key market trends, growth factors, and opportunities, have been touched for each of the types. The three types of chemicals used are chemical, mechanical, and biological. As far as the application is concerned, pest control is used for commercial, residential, agricultural, and industrial.
Geographical divisions have been provided for regions of North America, Europe, Asia-Pacific, and LAMEA. Market size and forecast by application, market trends, growth factors, opportunities have been intricately mentioned for each of the countries. Regions in North America is expected to augment the market in the coming decade. Due to the heavy outbreak of diseases, massive demand for pest control will be seen majorly in North America.
Important market players profiled in the report are Rentokil Initial PLC, BASF SF SE, EcoLab Inc, Syngenta AG, National Pest Control, Orkin LLC, Lindsey Pest Control, Bayer AG, FMC Corporation, and Rollins Inc. In the report, each of the key players has the company overview, financial gains, operating business segments, business performance, strategic moves and development mentioned in details.
The report formulated will be an important document for investors and key players alike who are looking to expand their business in different regions. Various facts and figures will help them make critical decisions as per their business plans.
Key Points to Be Noted from The Pest Control Market Report:
- This report provides comprehensive analysis of current and future market trends for pest control market
- Competitive intelligence provides an insight on the current competitive scenarios across regions
- This report provides qualitative and quantitative analysis for the forecast period of 2017 to 2023
- Porter's Five Force analysis helps understand the bargaining power of buyers and sellers
- Market dynamics provides an extensive study on the drivers, opportunities, and restraints.
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