Research Reports
Pest Control Products And Services market A 6.4 Billion market By 2026 With Cagr Of 5.62% Forecast During 2021 To 2026
Published : 3 years ago, on
The Pest Control Products And Services market is projected to register a CAGR of 5.62% during the forecast period (2021- 2026).
Pest control is a technique of managing and destroying different species that are harmful to human lives and the environment. Pest control products are used to kill insects such as termites, bedbugs, ants, cockroaches, and few reptiles which affect the day-to-day life activities of humans. Pest control is important to maintain cleanliness and hygiene in order to prevent various diseases caused by the pest. Pest control products can be classified into insecticides, rodenticides, other chemical, and mechanical.
Coherent Market Insights have included a latest addition of global market research report titled Pest Control Products And Services Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively.
Top Key Players in Pest Control Products And Services market: Ecolab Inc., Rollins Inc., Rentokil Initial Plc., ServiceMaster Company, LLC, Massey Services Inc., Arrow Exterminators Inc., Sanix Incorporated, Asante Inc., Dodson Pest Control, Inc., Target Specialty Products, Pelsis Ltd., Killgerm Ltd., WinField Solutions, LLC, and Univer Inc.
The scope of the Report:
The report segments the global Pest Control Products And Services Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Pest Control Products And Services Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Market Restraints
Rising implementation of strict government regulations to reduce the level of chemical toxicity and limit the use of highly toxic pesticide which has a negative impact on the environment is expected to restrict market growth. Moreover, new regulations were issued by the European Union (EU) in 2016 pertaining to the usage of rodenticides that restricts the external use of rodenticides for rats. Moreover, in 2012, the EU introduced the REACH and Biocidal Products Regulation to ensure the safe use of pesticides with limited exposure to human, food, and wildlife
Market Trends
Growing demand for organic pesticides due to increasing restriction on the usage of chemical pesticides is expected to be a major trend in the market and this is expected to propel the market growth. For instance, in September 2017, Bionema is a UK based biotechnology company that launched its new UK nematode pest control product. NemaTrident is a Tri-Component biological pest control system that offers 20-30% more efficiency and up to 95% kill rates for vine weevil in horticultural crops.
A growing number of mergers and acquisitions among major players for expanding their presence in the market and launch a new product in pesticides is expected to propel the market growth. For instance, in January 2020, Agrichemicals firm Crystal Crop Protection on the acquisition of three major pesticide brands from the US firm Corteva Agrisciences for India. Therefore, the rising adoption of such strategies by major players will favor market growth.
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The post Pest Control Products And Services market A 6.4 Billion market By 2026 With Cagr Of 5.62% Forecast During 2021 To 2026 appeared first on Gatorledger.
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