Pest Control Market was valued at USD 21.85 Billion in 2022 and is poised to grow from USD 23.01 Billion in 2023 to USD 34.78 Billion by 2031, at a CAGR of 5.3% during the forecast period (2024-2031).
In recent years, the pest control market has experienced a significant rise in the demand due too various factors like urbanization, pollution, and climate change. This escalating market can be measured by a wide range of players who are offering unique solutions like IoT pest monitoring solutions to combat pests that impacts public health, infrastructure, and agriculture. Several governments and private bodies are heavily investing in pest management strategies due to the rising awareness of negative impacts of pests on human well-being and environment. Pest management has become more crucial because house flies, cockroaches, bed bugs and other pests commonly occupy areas where people live or commonly engage in activities, harming their health. Rising of urbanizations has become one the reason that is significantly responsible for this surge in pest control. Other factors like changing climatic conditions and increasing environmental pollution is also contributing to the development of the pest control market.
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Rising Instances of Vector-Borne Diseases with Changing Weather Patterns to Support Pest Control Market Growth
The growing incidences of vector-borne diseases like dengue fever, Lyme disease, and malaria is rising the demand for pest control services. Several climatic transformations are changing ecosystems and weather patterns. This is escalating the habitats of disease-carrying vectors like mosquitoes and ticks, resulting in an increase in the risk of transmission to humans. To minimize these health hazards government bodies are spreading awareness through campaigns of controlling pests. Public health initiatives are also emphasizing the necessities for pest management methods.
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High Adoption of Advanced Technologies to Efficiently Mitigate Pests Improves Market Growth
The pest control industry is continuously evolving. Recently they have started shifting towards advanced technologies to mitigate pests. Experts in pest control are becoming more efficient, secure, and productive due to technologies. The unique technology that is commonly used in pest control is IoT-based pest monitoring systems. These monitoring systems offer real-time pest tracking detection with the help of sensors and data analytics, improving the pest control process. Several types of automation and robotics are also used like robotics pest control devices. These devices are helping to easily apply insecticides and other treatments efficiently and precisely. Nowadays, smart traps are also available in the market integrated with sensors that can identify pest activity in real-time. AI is used for developing unique approaches to pest management like AI-based suggestions for treatment and pest discovery, driving market growth.
In March 2024, Pelsis Group introduced the new digital innovation- EverSmart Rodent. This is a new remote monitoring solutions that is used for rodent management.
In June 2023, Bayer CropScience went into a strategic pact with India’s Crystal Crop Protection Ltd. It can develop a collaborative innovation in pest control solutions for the advantage of paddy growers in India.
Corteva Agriscience introduced a Centre of Excellence Crop Protection and Seed Research at Eschbach in Germany in June 2023. Innovation with the help of facility will help to ensure that sustainable solutions are provided to farmers.
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Increasing Environmental Awareness Leads to High Adoption of Sustainable Pest Management Solutions
Sustainable pest management solutions are offering immense opportunities to the market and increasing the demand. With the increasing environmental awareness of consumers, businesses are striving for substitute to the conventional chemical pesticides. This has developed a niche market for the eco-friendly pest control products and services. It includes organic pesticides, biological controls, and integrated pest management strategies. Organizations who have the potential to innovate and provide effective and affordable eco-friendly solutions can increase profit in this continuously evolving market.
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