Pest Control Services Market to Grow at 5.42% CAGR to 2017-2021

PUNE, India, Jan. 18, 2017 /PRNewswire-iReach/ -- The pest control services market report analyst says emerging markets have become drivers of global growth for pest control service providers. Regions such as Asia and Africa will see growing demand for pest control services as new food safety and hygiene legislations come into effect. The outbreak of diseases such as swine flu, bird flu, and SARS have led to greater awareness about the need for pest control. New regulations on food safety, health, and the environment have been initiated by governments across emerging markets. Termites and mosquitoes have been cause for considerable concern in these markets, affecting both human health as well as infrastructure. Other pests such as ants, rodents, cockroaches, and flying insects are all major pests in Asia.

Complete report on pest control services market spread across 64 pages and providing 40 data exhibits is now available at http://www.reportsnreports.com/reports/805914-global-pest-control-services-market-2017-2021.html .

The analysts forecast global pest control services market to grow at a CAGR of 5.42% during the period 2017-2021. According to the pest control services market trend report, owing to the significant costs associated with pest control, many players in the market are coming up with insurance-based pest control services, especially for commercial customers. Major hotels and other businesses are opting for these pest control services. Terminix, for instance, has partnered with Aon (an insurance provider) to provide insurance coverage against bed bug infestations, primarily for commercial customers such as hotels, community housing developments, and other businesses. As standard insurance policies provided for commercial properties do not include extermination costs, a round of pest control can require considerable investment. The growing availability of specialized insurance policies will allow customers to control their expenses and access to a reliable service provider.

Key players in the global pest control services market: Anticimex, Ecolab, Rentokil Initial, Rollins, and Terminix. Other Prominent Vendors in the market are: Action Pest Control, Clark Pest Control, Cats USA Pest Control, Massey Services, Pest Control India, SANIX, Spencer Pest Services, Techmo Hygiène, and Will Kill Termites & Pests.

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The pest control services industry includes firms that are involved in the professional management of pests, termites, rodents, and other species that can cause health issues or undesired quality of life for humans. The industry caters to both residential customers and commercial establishments. The primary function of pest control services is to maintain hygienic surroundings that are free of pests that could hurt commercial interests or endanger health. The need for pest control services grew tremendously over the decade because of increased awareness and the outbreak of many communicable diseases such as bird flu, swine flu, and severe acute respiratory syndrome (SARS) between 2001 and 2014. The policies that followed also mandated strong monitoring, regulation, and management of pests and other insects that could affect human health and the economy.

The report, Global Pest Control Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Further, the report states that the industry is regulated by various state and federal authorities and must adhere to environmental laws. Although majority of the market is controlled by the top five vendors, it is highly fragmented, and many small vendors that are not thoroughly monitored operate in the space. The quality of the pesticides used may be compromised to keep costs low. The penalties imposed for non-compliance include cancellation of licenses, fines, and other corrective actions. The introduction of regulations like the REACH and the Biocidal Products Regulation in Europe has considerable importance in this market. These regulations are designed to ensure that products can be used safely with minimal chances of contact and damage to food, wildlife, humans, and the environment. The development of such products is a significant cost factor for manufacturers and service providers in the pest control market.

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