Portland, OR, April 01, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the Europe pest control services market was estimated at $2.5 billion in 2017 and is expected to hit $4.0 billion by 2025, growing at a CAGR of 5.9% from 2018-2025. The report provides an extensive analysis of key segments, drivers & opportunities, market size & forecasts, key investment pockets, and competitive scenario.
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Growth Drivers and Industry Trends
Changes in climatic conditions, easy availability of pest control products, and presence of large number regulatory bodies as well as leading pest control service market players have fueled the growth of Europe pest control services market. On the other hand, several health-hazards related to pest control chemicals have happened to curb the growth to some extent. However, consistent product development and product launches have created multiple opportunities in the segment.
Segmentation Analysis of the Industry
Based on type, the chemical segment accounted for nearly one-third of the total market in 2017 and is expected to be dominant throughout the forecast period. Cost-effectiveness and quick application of chemical method have spurred the growth. On the other hand, Mechanical method, growing at a CAGR of 6.8% during the forecast period, is attributed to be the fastest growing sector due to its rapid procedure to eliminate pests such as rats and squirrels. By Application, the commercial segment contributed to more than two-fifth of the total market in 2017 and is expected to be dominant throughout the period. This is due to due to the increase of pest control in commercial places such as hospitals, households, farms, restaurants, and forest plantations. By region, Germany held nearly one-fifth of the total market share in 2017, thereby coming out as the largest shareholder in the market.
Industry Key Players
Key market players discussed in the report include, Rentokil Initial PLC, Eastern Termite and Pest Control Co., Anticimex, Ecolab, Nbc environment JG Pest Control, Cleankill Pest Controls, Rollins, Inc., The ServiceMaster, Cleankill Pest Controls, and Company LLC. They have adopted various strategies including expansion, mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry. The other players in the market include BASF, Bayer, Dodson Pest Control, Lindsey Pest Services, and Syngenta.
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