Shift in the demographics, growing middle class population in emerging nations combined with stricter regulations by governments is driving the market for pest control services globally.
Date: 12 April 2016
The report titled “Global Pest Control Services Market: Trends, Opportunities and Forecasts (2016-2021)
- (By Segment – Residential and Commercial, By Region- N.America, L.America, APAC, Europe, Middle East & Africa; By Country – US, UK, Canada, Mexico, Germany, China, India, Brazil, UAE, Saudi Arabia; Key Players; Recommendations)” is a comprehensive report published by Azoth Analytics suggests that the market grew at 4.34% in 2011-2015 and is further expected to grow at a CAGR of 5.09 % in the forecast period of 2016E-2021F. Major driving factors include the growing infestation of pests in various places which are responsible for the spread of infectious diseases causing problems to human health. Also, increase in the middle class population in emerging countries combined with the rising standard of living is encouraging greater in tolerance for pests, which have also been responsible for additional expenses to home owners for causing damages to the property.
In the segmentation, commercial segment holds a greater share as stricter regulations within the countries has been responsible for pushing the demand for pest control services specially within the food processing industry where infestation of pests may lead to the spoilage of food making it unfit for human consumption while residential segment is expected to grow at a faster rate driven by increase in the standard of living among the rising middle class population.
The report contains insights from extensive research with statistical validation of data collected through primary data collection techniques. Also, business strategies of major players and their major investments and funding from financial institutions are presented in the report. A highly reliable business intelligence report, “Global Pest Control Services Market: Trends, Opportunities and Forecasts (2016-2021)
- (By Segment – Residential and Commercial, By Region- N.America, L.America, APAC, Europe, Middle East & Africa; By Country – US, UK, Canada, Mexico, Germany, China, India, Brazil, UAE, Saudi Arabia; Key Players; Recommendations) intends to facilitate sound decision making amongst the investors.