Global Pest Control Services Market Analysis

The global pest control services market is expected to witness category spend growth of USD 4.55 billion between 2018-2023, with spend momentum accelerating at a CAGR of 4.72% during the forecast period. This increasing spend on pest control services will be primarily attributed to the high rate of adoption of these services by major end-users such as the food and beverage, hospitality, pharmaceutical, and manufacturing industries. These industries are driven by strict laws related to hygiene and safety. For instance, the strong presence of food and hospitality industries in Europe is resulting in a high rate of adoption of pest control services, thereby contributing to the region's share in the global pest control market which currently sits at around 30%.

In terms of regional share, North America is the largest market for pest control services, accounting for more than 45%. The service providers in North America are focusing mainly on bed bugs control services due to the rise in these pests. Bed bugs control service generated a revenue of USD 573 million in 2016, an increase of USD 100 million compared with 2015. This increase in the number of bed bugs is due to the rise in international travel to the North American region. In the Asia-Pacific, the demand for pest control service is more focused on a variety of pests, such as termites, mosquitos, ants, cockroaches, rodents, and flying insects, which can have a harmful impact on human health and environment. For instance, in 2015, Singapore reported more than 2,400 cases of dengue fever, which created a demand for the pest control services market in the country.

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Pest Control Services Market Report Insights

Written from the perspective of the buyers and suppliers, this pest control market research report offers comprehensive coverage of the factors driving spend across various regions and helps buyers to identify opportunities for cost savings. To help buyers procure pest control services at cost-effective rates, an analysis of the pricing outlook and supplier cost structure is also offered in this report.

Insights offered in this pest control services market procurement intelligence report will help the buyers understand:​

• Global spend potential for a period of 2018-2023
• Supplier cost breakup
• US market overview and pricing models
• Global pest control market data on pricing trends and expectations
• Supply chain margins and key cost drivers

Pest Control Services Market Pricing Trends

This global pest control services market procurement intelligence report contains in-depth pricing insights to aid the procurement process. These pricing insights provide an overview and comparison of pricing models, supply chain margins, and the volume and cost drivers impacting pricing:

• Possibilities of an increase in the minimum wage and worldwide inflation will drive up employee salaries which will have a subsequent inflationary impact on supplier's operational costs. As a consequence, this will impact the prices in the global pest control services market.

• The mandate on hiring certified and skilled personnel for pest control services are compelling service providers to invest in training their employees and getting them certified. This is adding significantly to their overall operational expenditure and that will negatively impact buyer's procurement spend on pest control services.

• Selling, general, and administrative expenses include costs related to advertising, promotional materials, rent, utilities, and office supplies among others. These costs are expected to increase during 2017–2021 due to the rise in rent for office facilities and will have an inflationary impact on the prices of procuring in the pest control market.

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Category Spend Optimization for Pest Control Services

To tackle the potentially increasing procurement spend, buyers are advised to strategize their partnerships with suppliers that can help them optimize their spend. For example, buyers are advised to engage with regional service providers as this will reduce the procurement lead time for pest control due to reduced management complexities compared with engagement with the global service provider.

This pest control market procurement intelligence report also covers:

• Cost-saving opportunities
• Supply chain margins
• Technology-facilitated procurement metrics
• Supply market competitiveness and factors influencing buyer power

Key Features of This Report

Supply Market Insights	Procurement Best Practices
Cost Saving Opportunities	Pricing Models
Negotiation Strategies	Category Risk Analysis
Key Supplier Analysis	Supplier Capability Matrix

Pest Control Services Market - Procurement Best Practices

Buyers must procure from service providers that comply with all the regulations in terms of use of pesticides and chemicals as this will help them avoid penalties and legal issues. A key strategy adopted by procurement managers in this market space is to procure from service providers that comply with all regulations.

Pest Control Services Market - Procurement Challenges

A major procurement pain point experienced by the buyers is the lack of awareness about regulations related to pest control service. SpendEdge's procurement specialists predict that the buyers must engage with service providers that have certified professionals for pest control because they have in-depth knowledge of regulations pertaining to the use of pesticides to counter this specific procurement pain point.