Pest Control Market to hit 5.3% CAGR: 2021 Projections led by Biological Control Segment

Sep 28, 2016, 12:45 ET from ReportsnReports

PUNE, India, September 28, 2016 /PRNewswire/ --

The pest control market is projected to reach $22.04 billion by 2021 at a CAGR of 5.3% from 2016 propelled by biological control segment forecast to grow at highest rate and Asia-Pacific market to see best regional CAGR between 2016 and 2021.

Complete report on global pest control market spread across 148 pages, profiling 10 companies and supported with 73 tables and 42 figures is now available at .

The pest control market is driven by factors such as easy availability of pest control service providers, climate changes, economic development, and increasing pest population. With the increase in disposable income, the demand for a hygienic environment increases, thus driving the demand for advancements in pest control techniques. Regulatory requirements such as environmental protection laws and changing government policies across diverse regions are restraining factors for pest control product manufacturers and service providers.

The biological control segment is projected to grow at the highest CAGR from 2016 to 2021. Parasites, pathogens, and predators are the beneficial insects which play a vital role in biological control methods to manage pests and control damage. These are also known as natural enemies which is important for reducing the numbers of pest insects and mites.

Termites need moist conditions to breed and thrive. Drastic climatic changes have resulted in an increase in termite population, which will require more pest control solutions. Control methods of termites vary with the species to be controlled, hence driving the pest control market in the coming years. The termites segment is projected to grow at the highest CAGR during the forecast period.

The increase in awareness about modern pest control practices, food dependence on the agricultural sector in India and China, and demand for maintaining hygienic environmental conditions are expected to fuel the growth of the pest control market in the Asia-Pacific region. China and India are among the top five countries producing rice and wheat. As the production of these commodities is high, they need pest control products to avoid post-harvest losses.

The various key vendors profiled in this report such as BASF SE (Germany), Bayer AG (Germany), Ecolab (U.S.), Syngenta AG (Switzerland) and Rentokil Initial plc (U.K.). These companies collectively accounted for the largest portion of the pest control market in 2015. Other players with a strong presence in this market include FMC Corporation (U.S.), Rollins, Inc. (U.S.), Terminix International Company L.P. (U.S.), Bell Laboratories Inc. (U.S.) and The Dow Chemical Company (U.S.). Order a copy of Pest Control Market by Type (Chemical Control, Mechanical Control, Biological Control), Pest Type (Insects, Termites, Rodents, Wildlife), Application (Commercial, Industrial, Residential, Agricultural), and Region - Global Forecast to 2021 research report at .

In the process of determining and verifying, pest control market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (20%), Tier 2 (45%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Director Level (22%), C Level Executives (28%) and others (50%) from various key organizations operating in the global pest control market. The primary interviews were conducted worldwide covering regions such as North America (18%), Europe (25%), Asia-Pacific (45%) and RoW (12%).

On a related note, another research on Agricultural Biologicals Testing Market Global Forecast to 2021 says agricultural biologicals testing market is projected to grow at a CAGR of 10.4%. Bio pesticide testing led the market with the largest share in 2015. North America is expected grow at high rate in the agricultural biologicals testing market. Companies like    SGS S.A., Eurofins Scientific SE, BioTecnologie BT, SynTech Research, RJ Hill Laboratories Ltd., Staphyt SA., Anadiag Group, I2L Research, Apal Agricultural Laboratory, Laus GmbH, and Bionema Limited have been profiled in this 116 pages research report at .

Explore more reports on the chemical market at .

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