This review refers to understand fundamental key elements, factors, constraints and opportunities and their effect on the advancement and development of the pest control industry.
Amidst the COVID19 pandemic, the consumers prefer to maintain complete precautions of the premises, family and work-place security measures and to ensure the safety of their staff, workers to maintain the progression and regular flow of the business, thus it promotes the growth of the pest control market.
The worldwide pest control market is generously increasing market size due to higher inclination towards health & hygiene at the individual level, stringent government regulations promoting cleanliness of public as well as private assets, rising concerns in food processing and food handling companies, increasing demand from agriculture-based countries, and growing awareness regarding the risk of diseases imposed by the prevalence of pests.
As per the research, the pest control services market will set record impressive growth, projects that it will increase at a CAGR of 6% globally and the demand for pest control services will surge considerably between 2021 and 2030. According to the World Health Organisation (WHO), it has recently been estimated that there will be a possible rise in fly populations of 244 per cent as compared to current levels of values by 2080 for warmer regions. If this is true, there will be a risk of an increase in fly-borne diseases.
Furthermore, drastically changing climatic conditions, consistently increasing environmental pollution, and relocation of pest species among rural and urban areas via migration, are some of the elements are responsible for the growth of the pest control market. National and international tourism is also an upcoming and prominent factor driving a rise in demand for different types of pest control services.
Moreover, rapid industrialization, growing urbanization, advancement in the conventional formulations due to the development of resistance among various pests, as well as eco-friendly product innovations with reduced toxicity and improved biological formulations, are expected to create lucrative opportunities for the growth of the pest control market, in near future.
India has large populations with high population densities and a rapidly urbanising landscape. High temperatures in the nation contribute to vector-borne disease outbreaks that need remedial measures. Additionally, India’s increasing middle-class population is potential consumers for pest control services and will drive the industry’s growth.
Many manufacturing units such as food handling, food processing, pharmaceutical, beverages industries are often bound by stringent regulations by the government of India. Meaning they are required to adhere to a stringent set of regulations to confirm the quality of their products and services. These regulations also mandate a certain level of hygiene, the standard of sanitization, cleanliness and pest prevention for these companies. This is also fuelling the market growth.
In the near future, the commercial sector will dominate the pest control market. Increasing economic activities and intolerance for pests in commercial premises, such as offices spaces, hospitality, healthcare, food handling and food processing industries. Increasing infrastructure in commercial space and strict regulation for hygiene maintenance will be projected to create lucrative opportunities for the growth of the pest control industry. The residential segment should be expected to expanding because an increase in urbanization is acting as a major factor in the growth.
Pest control services for commercial & Industrial segment currently the largest market share in Indian Pest Control Services market and government policies Influence on industry development positively and consistently.
The termite control market was valued at USD 2.96 Billion in 2016. It is projected to grow at a CAGR of 5.6% from 2017, to reach USD 4.11 Billion by 2025.
In the global pest control market, India is expected to grow at a CAGR of 5.5% in value, from 2020 to 2025.
In India pest control service businesses are governed by Insecticides Act, 1968 and Insecticides Rules, 1971.
The market in the past has always been flooded with either do it yourself insecticide sprays, or the unorganized local players. Hence there is plenty of business opportunity already exist in Market.
The market share of the pest control business has been analysed and evaluated based on pest type, control method, application mode, consumer sector and geographic region.
Today, chemical control is the most dominating segment in terms of value and volume although in future it is expected that organic chemical control will gain more prominence.
The chemical control segment is expected to exhibit extensive and rapid growth and acquire high attractiveness in the market.
Growth of the pest control services market is driven by expanding pest population, attributed to the largely available food resources for pest and condunsive environment for the pest.
It is predicted that the Asia Pacific region will grow in the global pest control market, exhibiting substantial market growth with the highest CAGR values.
Consumer demographics in today’s market is like never before. It’s the first time in history we have four different generations in the market, So, it’s important for us to know the consumer behaviour, to whom we offering the services and products.
The consumers are not only looking for cost efficiency and service delivery but also keenly assessing how the team is adept at becoming an extension of PestEDGE and, eventually, an echo or a reflection of PestEDGE ethos. In addition, the use of technology to manage and maintain service excellence, operational efficiency, monitoring performance and reporting.
Customer centricity is an important aspect of our business. Definitely, PestEDGE makes you sure that, we respect these key elements that impact our customer’s preference which determine the decision and we always lived up to these elements.
Scope of Services: Based on these segments the pest control market has been classified, analysed and evaluated.
Type : Chemical, Biological, Mechanical, and Other treatment methods
Pest Type : Insects, Termites, Rodents, And Others.
Application : Residential, Industrial, Commercial, Agriculture and Others.
Geographic : Classification and analysis of each of these above segments in the regions.
In light of the application, the pest control market is fragmented and the degree of segmentation will accelerate the growth of the pest control market. To make the most of the opportunities, PestEDGE is focused more on the growth prospects in the fast-growing segments, while maintaining the positions in the slow-growing segments.
Any structure inevitably required pest control services and we are pleased delighted to be able to provide you with the most economical, effective, and environmentally safe services. To target various types of pests, surfaces, properties, materials and locations, PestEDGE offers a wide variety of treatment options to these all segments in the region to ensure our sincere commitment towards Protecting Heath, Securing Property and Environment.
‘The Right Mix of Properties’ where PestEDGE delivers a wide variety of Service System
Give us a call at 9423480401 or mail us on pestedge.live@pestedge.in
R-7/1431/A, 3rd Floor,
Above Unik Super Market,
Opposite Ratnadeep Talkies,
Kawa Road, Latur – 413512
Maharashtra, INDIA
Copyright 2020 pestEDGE . all right reserved - design by WEBCREATORE
