Exterminating & Pest Control Services Industry Profile

Companies in this industry exterminate and control insects and other pests. Major companies include US-based EcoLab, Terminix (owned by ServiceMaster), and Orkin (owned by Rollins), as well as the pest control operations of Anticimex (Sweden) and Rentokil Initial (UK).

The global pest control market is forecast to reach more than $23 billion in 2023, at a compound annual growth rate (CAGR) of 6.5% and is expected to reach $33.55 billion during the 2022-2032 forecast period, according to Custom Market Insights. The growing demand for exterminating and pest control services is due to the prevention of damaging public property and causing diseases from pests and an increase in global population. Companies in the industry typically operate locally and regionally, but some large companies are beginning to expand internationally.

The US pest control services industry includes about 15,000 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $13 billion. Companies that provide pest control services related to agricultural and timber production are not included in the industry.

COMPETITIVE LANDSCAPE

Demand is driven by sales and occupancy of residential, commercial, and industrial properties. The profitability of individual companies depends on providing good service. Large companies benefit from brand recognition and economies of scale in purchasing and administration, as well as from the ability to serve commercial accounts that include locations in multiple markets. Small companies can compete successfully by ...