Rapid growth in urbanization along with rising consumer awareness with regards to hygiene and health are expected to fuel the production sales of pest control services in the forthcoming years. In developing as well as developed countries, commercial and residential sectors are expected to increase the demand for pest control services due to growing number of health conscious and hygienic population.
A recent study by Future Market Insights predicts a steady 5.1% CAGR growth of market for pest control services during the anticipated period, 2017-2027. In addition, the market for pest control services is likely to touch an evaluation of over US$ 28Bn by 2027-end. Developing effective pest control services for end-users is possible to be a vital trend, increasingly impacting growth of market for pest control services. Besides, the report poses constructive insights for the growth of market for pest control services in the forthcoming years.
Analysts that have been part of this report development made sure that they have delivered valuable information as to how market for pest control services will expand through 2027. Additionally, our analysts have catered to the growing concerns of industry participants and market observers.
What is trending in the market for pest control services?
Well, based on the in-depth analysis, M&A along with development of innovative and advanced technologies have turned out to be the major trends in the global market. Brewing industries are likely to witness increasing demand for pest control services, on account of rising number of high quality alcohol.
What are the manufacturers doing for the expansion of market for pest control services?
Manufacturers in the global market are planning to incorporate latest technological innovations in their developing products, which in turn will be highly beneficial for consumers in the long run. Manufacturers are also taking immense efforts in developing bio-based pesticides by eliminating toxic pesticides. This in turn will help manufacturers in meeting the existing as well as emerging stringent government regulations.
According to you, what are the major factors that are contributing towards growth of market for pest control services?
Growing number of population of bedbugs, mainly due to favorable weather conditions has led to increase in the production sales of pest control services. Key players and manufacturers are working on expanding their presence as well as customer base by means of strategic mergers & acquisitions.
Would you like to provide some noteworthy insights on the regional landscape in the market for pest control services?
Of course. Yes. APAC, Japan and MEA regions are expected to create lucrative growth opportunities for the global market in the forthcoming years. Apart from this, APEJ is also witnessing rapid migration of population from rural towards the urban areas, which again is driving the need for pest control services.
Can you name some of the key players in the market for pest control services?
Certainly yes. Some of the key players profiled by the analysts are inclusive of Asante Inc, Service Master Global Holdings, Inc. (Terminix), National Exterminating, Home Paramount Pest Control, Environmental Pest Services, LLC, Sanix Incorporated and Rentokil Initial Plc.
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