PUNE, India, December 20, 2022 (GLOBE NEWSWIRE) — The global pest control market Size is expected to grow rapidly due to increasing rodent population, reaching $31.94 billion by 2027. Changing climatic conditions and the world’s rapidly growing rodent population have increased the demand for these products worldwide. According to a recent Fortune Business Insights report titled“Pest Control Market Size, Share & Industry, and Regional Forecast, 2020 – 2027,” The market value was US$19.73 billion in 2019 and is projected to increase at a CAGR of 6.31% during the forecast period 2020-2027.

Rising number of fatal vector-borne diseases is an important factor driving market growth. The World Health Organization reports 7,00,000 deaths from vector-borne diseases annually, accounting for 17% of all infectious diseases worldwide. Diseases caused by pests encourage the need for various pest control methods such as biological, mechanical and chemical methods, thereby increasing growth. In addition, increasing urbanization and industrialization, which have led to an increase in construction activity, have also increased people’s hygiene standards. This further fueled the increase in demand for the product.

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On the negative side, the use of pesticides and insecticides is closely regulated by various agencies such as the United States Environmental Protection Agency (EPA) and the government. They have strict regulations governing the use of deadly chemicals and highly toxic products and services that can pose a threat to the environment. This could affect the overall market in the coming years.

Nevertheless, the increasing acceptance of pest control software is currently in vogue and thus creates lucrative growth opportunities for the future market.