Transparency Market Research in its new report titled, “Pest Control Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the pest control market. The TMR report anticipates that the rise in urbanization and industrialization will drive the pest control market during the forecast period i.e, 2018-2026. Additionally, the change in climatic conditions, which helps in the growth of pests, is propelling the demand for pest control products. Implementation of stringent regulations regarding pest control in commercial buildings, hospitals, etc. is also fueling the demand for pest control products. This, in turn, is driving the pest control market, says the report. Problems in proper application of pest control products is acting as a major restraint of the pest control market. Pest control products also remain in the atmosphere and form residue and accumulate, leading to health issues for consumers. Pest control products also remain in the soil for a longer time. This causes soil pollution. This is also hampering the pest control market, as per the report.
Based on type, the pest control market is split into chemical pest control, mechanical pest control, biological pest control, and others. Based on pest type, the pest control market is divided into insects, termites, rodents, and others. In terms of application, the pest control market is divided into commercial, residential, agricultural, industrial, and others. Of these, the agricultural segment is expected to expand at the highest CAGR during the forecast period. In terms of value, the commercial and residential segments collectively accounted for more than 50% share of the pest control market in 2018. In terms of value, the agricultural segment holds significant share of the market owing to the rising need for the protection of crops.
From a regional perspective, the pest control market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market owing to the implementation of new food safety and hygiene legislations in the region. North America accounted for almost 50% share of the global pest control market in 2017. The market in the region is anticipated to expand significantly, led by the rise in awareness about the outbreak of diseases related to pests. Key players operating in the pest control market are Rentokil Initial PLC, BASF SE, Ecolab Inc., Syngenta AG, National Pest Control, Orkin, LLC, Lindsey Pest Control, Bayer AG, FMC Corporation, and Rollins, Inc.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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