North America Emerged Dominant Owing to Presence of Major Players This is attributed to the rapidly multiplying insect population in both agricultural and non-agricultural areas. Insects Segment to Dominate Market with its Proliferating Populationīased on the pest type, the insects segment dominated the market in 2019 with a 49.30% pest control market share.
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Nevertheless, the increasing adoption of the pest control software is currently trending, thereby creating lucrative growth opportunities for the future market. This may hamper the overall market in the coming years. They have imposed stringent regulations on the use of fatal chemicals and highly toxic pest control products and services that may pose a threat to the environment. On the negative side, the use of pesticides and insecticides is strictly monitored by various agencies such as the Environment Protection Agency (EPA) of the United States and the government. This further added impetus to the rise in the need for pest control. Additionally, the increasing urbanization and industrialization that propelled a rise in construction activities have also increased the hygiene standards among people. Diseases caused by pests are promoting the need for various pest control methods such as biological, mechanical, and chemical methods, thereby augmenting growth. The World Health Organization states an annual of 7,00,000 deaths to vector-borne diseases, which accounts for 17% of all infectious diseases in the world.
The rise in the number of fatal vector-borne diseases is a major factor in promoting the growth of the pest control market growth. What is the impact of the COVID19 pandemic on the pest management market?Īdvent of Pest Control Software will Bolster Growth Which strategies are adopted by market players to gain a competitive edge in the market? How will government support to Integrated Pest Management boost market? The Report Answers the following Questions? Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Overall, almost every sector is anticipated to be impacted by the pandemic. Some industries are struggling, and some are thriving. Rising support from governments and several companies can help in the fight against this highly contagious disease. We understand that this health crisis has brought an unprecedented impact on businesses across industries. The emergence of COVID-19 has brought the world to a standstill. As per a recently published report by Fortune Business Insights titled, “ Pest Control Market Size, Share & Industry Analysis, By Pest Type (Insects, Termites, Rodents, Others), Method (Chemical, Mechanical, and Biological), Application (Residential, Commercial, and Industrial), and Regional Forecast, 2020 - 2027 ,” the market value was USD 19.73 billion in 2019 and is anticipated to rise at a CAGR of 6.31% during the forecast period, 2020 to 2027. The change in climatic conditions and the rapidly growing population of rodents worldwide have increased the demand for pest control worldwide.
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