Globe Newswire
Insights into the global pest control market by 2027 – Featuring BASF, Bayer and Bell Laboratories, among others
Dublin, January 11, 2021 (GLOBE NEWSWIRE) – The report “Pest Control – Global Market Trajectory & Analytics” has been added to the ResearchAndMarkets.com offering. The editor brings years of research experience to the 7th edition of this report. The 383-page report provides concise insights into how the pandemic affected production and the buying side in 2020 and 2021. A short-term recovery by key geography is also addressed. Global pest control market is expected to reach US $ 24.7 billion by 2027 In the midst of the COVID-19 crisis, the global pest control market estimated at US $ 19.1 billion in 2020, is projected to reach a revised size of $ 24.7 billion in 2027, growing at a 3.7% CAGR in the 2020-2027 review period. Chemical Control, one of the segments analyzed in the report, is projected to register CAGR of 3.4% and reach US $ 6.1 billion at the end of the analysis period. After an initial analysis of the commercial implications of the pandemic and its induced economic crisis, growth in the Mechanical Control segment is readjusted to a revised 3.4% CAGR for the next 7-year period. The US market is estimated at $ 5.2 billion, while China is forecast to grow 6.6% CAGR The pest control market in the US is estimated at $ 5.2 billion in the year 2020. The China, the world’s second largest economy, is expected to reach a projected market size of $ 5.2 billion per year 2027 behind a 6.6% CAGR in the 2020-2027 review period. Among other notable geographic markets There are Japan and Canada, each expected to grow 1.2% and 2.8%, respectively, in the 2020-2027 period. In Europe, Germany is expected to grow by around 1.9% CAGR. Biological Control Segment is expected to register 4.1% CAGR In the global Biological Control segment, the USA, Canada, Japan, China and Europe will boost the estimated 3.6% CAGR for this segment. These regional markets, responsible for a combined market size of US $ 6.5 billion in the year 2020, will reach a projected size of US $ 8.3 billion at the close of the analysis period. China will remain among the fastest growing countries in this cluster of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach US $ 3.5 billion by the year 2027, while Latin America will expand at a 5.1% CAGR during the period analyze. Competitors identified in this market include, among others: BASF SEBayer AGBell Laboratories, Inc.DowDupont Inc.Ecolab, Inc.FMC CorporationRentokil Initial PLCRollins, Inc.Syngenta AGTerminix International Company, L. P Main topics covered: I. INTRODUCTION, METHODOLOGY AND REPORT SCOPEII. EXECUTIVE SUMMARY1. OVERVIEW OF THE MARKET Global competitor’s market share Pest control Scenario of competitor’s market share worldwide (in%): 2019 and 2025 Impact of Covid-19 and an impending global recession 2. FOCUS ON SELECTED PLAYERS3. MARKET TRENDS AND DRIVERS4. GLOBALIII MARKET PERSPECTIVE. MARKET ANALYSISIV. COMPETITION Total companies profiled: 41 For more information on this report, visit https://www.researchandmarkets.com/r/ptqyur Research and Markets also offers personalized research services, providing focused, comprehensive and personalized research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, senior press manager [email protected] For EST business hours Call 1-917-300-0470 For USA / CAN Call 1-800-526-8630 For business hours GMT call + 353-1-416-8900