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North America Pest Control Market worth USD 8.51 billion by 2021

 



(EMAILWIRE.COM, December 28, 2017 ) The North America Pest Control Market was worth USD 6.52 billion in 2016 and estimated to be growing at a CAGR of 4.8%, to reach USD 8.51 billion by 2021. Pest control is the regulation and managements of different biological organisms that are harmful for human population either directly or by adversely affecting human activities. Common pests such as termites, cockroaches and certain reptiles affect the humans daily by interfering in agricultural, industrial and residential activities. For ensuring a hygienic lifestyle where pests affect day-to-day life the least, pest control management is carried out. Other than this, general pest control in homes is also a major business industry today.
Browse Full Report @ http://www.marketdataforecast.com/market-reports/North-America-Pest-Control-Market-2921/
The fundamental objective behind pest control includes controlling the organisms that affect human activities adversely, without disturbing the ecosystem too much. Pest control is of the utmost importance in the agricultural industry where a single bad season can lead to global food shortage. At the same time, common pesticides cannot be used here as it may lead to undesirable changes in the produce. So, the pest control industry is one that hangs in the balance and too much or too less can drastically change outcomes across the region.
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The most important driver of the North America pest control market is the favourable weather conditions. This leads to a boom in the population of insects. Another factor is increasing human population. As human population increases the demand for land as well for food increases drastically. There is bound to be an inevitable collision between humans and wildlife as humans encroach upon more areas to live in. The increased demand for food means that the global produce is just enough to cover the entire human population, so any loss of crop produce to pests can collapse the entire demand and supply chain. Besides this, many structures in the American region use wood as the main material for construction. This means the termite threat in this region cannot be left unattended. This is another major contributor to the industry. As for the restraints of the industry, the major one is the challenges faced by the companies. The strict government regulations in the area and the highly competitive market environment in the region leads to a decrease in the number of companies that crop up in the region.
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Market Segmentation
Type
• Chemical Control
• Mechanical Control
• Biological Control
• Y-o-Y Growth Analysis, By Type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type
Pest Type
• Insects
• Termites
• Rodents
• Wildlife
• Y-o-Y Growth Analysis, By Pest Type
• Market Attractiveness Analysis, By Pest Type
• Market Share Analysis, By Pest Type
Application
• Commercial
• Industrial
• Residential
• Agricultural
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application
Based on geography, the North America market is classified into USA and Canada. North America market has the highest market share of all regions coming in at 40% market share, albeit with the lowest CAGR among regions. This is mainly due to the constraints mentioned earlier.
Some of the major companies dominating the market, by their products and services include Ecolab, FMC Corporation, Rollins, Terminix International Company, Bell laboratories and Dow Chemical Company.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com


Market Data Forecast

Abhishek

+1-888- 702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com


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