Global Pest Control Services Market 2019-2023
About this market
The increase in demand for insurance-based pest control services will drive the pest control services market growth during the forecast period. Significant costs associated with pest control services are propelling many vendors in the market to create insurance-based pest control services for both residential and commercial customers. Furthermore, the growing interest from customers on including pest control coverage as a standard feature in home insurance. To capture this growing demand, vendors are focusing on the market and provides opportunities for insurance-based pest control services. This will drive the growth of the market during the forecast period. Technavio’s analysts have predicted that the pest control services market will register a CAGR of over 5% by 2023.
Complexity of pest control procedures and safety protocols for chemicals used in pest control
One of the growth drivers of the global pest control services market is the complexity of pest control procedures and safety protocols for chemicals used in pest control. The complex nature of pest control procedures has prompted residential and commercial customers to pot for professional pest control services.
The increasing the availability of DIY pest control products
One of the challenges in the growth of the global pest control services market is the increasing availability of DIY pest control products. This will hinder the adoption of professional pest control services.
For the detailed list of factors that will drive and challenge the growth of the pest control services market during 2019-2023, view our report.
The market appears to be moderately fragmented with the presence of several market players. Vendors seek to improve efficiency and productivity by launching new applications to attract more customers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Pest Control Services Market 2019-2023
Technavio recognizes the following companies as the key players in the global pest control services market: Anticimex, Ecolab, Rentokil Initial plc, Rollins Inc., and The ServiceMaster Company LLC.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growth in emerging market.”
According to the report, one of the major drivers for this market is the increase in demand for insurance-based pest control services.
Further, the report states that one of the major factors hindering the growth of this market is the increasing availability of DIY pest control products.
AnticimexEcolabRentokil Initial plc Rollins Inc.The ServiceMaster Company LLC
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