Published Date : Jan 30, 2017
ALBANY, NY, Jan 30, 2017: The New report titled, “Global Pest Control Services Market 2017-2021” probes into the growth prospects of the pest control services market in the coming years and the trajectory of the last few years. The report further presents an evaluation on the pricing and other publicity and marketing strategies implemented by the leading market players. The changing dynamics and their impact on the growth of the market has also been analyzed in the report. The research report further highlights the procurements in the industry, institutional perspective on e-procurement, capital expenditure changes, supplier price variations, and the chief business priorities.
According to the report, the global pest control services market is expected to expand at a 5.42% CAGR from 2017 to 2021. The industry for pest control services comprises firms that are basically engaged in the professional treatment of rodents, termites, pests, and other species that are likely to negatively impact the human health. The pest control services industry caters to the needs of both commercial establishments and residential customers. The basic purpose of pest control services is to maintain hygiene in the surroundings and free them of pests that can possibly endanger health or risk commercial interests. The requirement for pest control services rose extensively over the last couple of years due to rising awareness among people and outbreak of several communicable diseases such as severe acute respiratory syndrome (SARS), swine flu, and bird flu. The policies and regulations that followed further mandated management and strong monitoring of pests and other different insects that are likely to negatively impact the economy and human health.
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The growth of the global pest control services market can be attributed to the growth of the food processing, pharmaceutical, and hospitality industries. One of the primary reasons behind the growth of the market is the industries across the world recovering from recession. Moreover, a significant boost in the global tourism industry bolstering the demand for tourist services and the hospitality sector is likely to fuel the demand for safety and hygiene measures. As a result, the demand for pest control services is also increasing extensively.
Based on application, the global pest control services market was led by the segment of general pest control. It basically involves the eradication of mites, weevils, millipedes, stink bugs, silverfish, gnats, beetles, rodents, ticks, bees and wasps, moths, mosquitoes, spiders, bed bugs, fleas, cockroaches, flies, and ants from residential and commercial buildings. Geographically, the Americas dominated the market with the majority of the share in 2016 and is likely to retain a dominance until 2021. The leading companies in the global pest control services market are Terminix, Rollins, Rentokil Initial, Ecolab, and Anticimex.
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