Monday, 28 May 2018

Honeycomb Packaging Market – Growth, Trends, and Forecast to 2025

Honeycomb structures are naturally occurring or man-made that have the geometry of a honeycomb. These are used between two thin sheets to make materials for honeycomb packaging. Honeycomb structure aids the material used in packaging in reducing density and increasing shear and compression properties. This enables in minimizing the material usage and maximizes strength. Honeycomb packaging is 100% ecofriendly, lightweight, shock absorbent and does not change in dimensions with temperature variations. It provides advantages such as easy handling and transportation, easy disposal, and low cost.
Increasing demand for sustainable packaging by various industries such as automotive, furniture, consumer goods, and others are the major growth drivers for honeycomb packaging. Furthermore, the growing demand for e-Commerce sector owing to increasing utilization of smart phones is propelling the growth of packaging industry, which in turn has augmented the growth of honeycomb packaging.
Increasing demand for flexible packaging is the major challenge to honeycomb packaging market. Stringent government regulation by U.S. Environmental Protection Agency and other regulatory bodies on the recyclability and environment hazards of the material used in flexible packaging such as plastic and aluminium is expected to boost growth of the honeycomb packaging market as honeycomb packaging is made from environment friendly material. 
The honeycomb packaging market is segmented on the basis of packaging type as exterior packaging, interior packaging, pallets, and others. Exterior packaging is the largest packaging type segment in the market as it provides enhanced safety in product transportation and is easy to handle.
The honeycomb packaging market is segmented on the basis of end-use industry as automotive, consumer goods, food and beverages, furniture, industrial goods, and others. Protective packaging is an important part of the automotive supply chain. Honeycomb packaging is the effective method for packaging bulky products and automotive parts as it offers enhanced safety.
North America was the dominant market with a market share of 34.79% in 2016. This is attributed to various initiatives taken by government agencies such as US Environment Protection Agency (EPA) to reduce packaging wastage. According to the United States Environment Protection Agency (EPA), packaging materials form 23% of the landfills. The government has set regulations to reduce packaging wastage and this is driving demand for environment friendly packaging materials such as honeycomb packaging. The significant growth in e-Commerce has also augmented growth of honeycomb packaging For instance, according to the US Census Bureau, the e-Commerce sales accounted for 7.3% of total sales among the sales through various distribution channels such as retail, supermarkets and others in 2015 and increased to 8.1% in 2016.
Asia Pacific is the fastest growing market in the forecast period. This is attributed to growing demand for packaging from automotive and e-Commerce sectors in emerging economies such as India and China. For instances, according to Automotive Mission Plan 2016–26 by Society of Indian Automobile Manufacturers (SIAM) and Indian Government, the Indian automotive OEM market is expected to grow from 10% to 15% to reach US$ 16.5 Bn by 2021 from US$ 7 Bn in 2016 and generate upto US$ 300 Bn in annual revenue by 2026. According to India Brand Equity Foundation, the total online spending by the consumers is estimated to increase by 31% Y-o-Y to reach US$ 135.8 Bn by 2018 and cross border shopping was valued at US$ 9.1 Bn in 2016 and is estimated to increase by 85% Y-o-Y in 2017.
Honeycomb packaging market was valued at US$ 9.64 Bn in 2016 and is projected to register a CAGR of 6.5% in terms of revenue, during 2017–02025.
The major market players operating in the honeycomb packaging market are ACH Foam Technologies, BASF SE, DS Smith Plc, Huhtamaki Group, Lsquare Eco-Products Pvt. Ltd., Packaging Corporation of America, Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group, and WestRock Company.
The honeycomb packaging market is highly competitive with the major market players adopting various strategies such as merger and acquisitions, collaborations and new product launches to gain an edge in the market. For instance, in April 2015, Smurfit Kappa Benelux, which is a subsidiary of Smurfit Kappa, acquired Mexican and European operations of Hexacomb, which is a subsidiary of Packaging Corporation of America. Also, in March 2017, Automated Packaging Systems launched a new AirPouch FastWrap, which is a cost effective packaging solution as compared to other wrappings such as pre-filled and paper bundled bubble and foam sheeting.
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Pallet Market- Trends and Forecast till 2025

Pallet is a type of platform, which allows the storage and transportation of goods. It serves as a material for assembling, sorting, and storing of goods in the manufacturing units and warehouses, which are then lifted by jacking devices such as forklift, front loader, pallet jack, or cranes. Pallets are used in various manufacturing industries for material handling activities and is considered to be an inexpensive way of handling goods.
The growing housing and construction sector coupled with the increasing manufacturing units is expected to fuel growth of the market. Moreover, the increase in the import and export of pharmaceuticals and food and beverage products has further augmented the need for reliable and durable product storing materials, thereby, fueling demand for pallets. The durability, light-weight, low-cost in terms of floor space, and labor requirement has made plastic pallets more desirable for shipment of goods and is accounted to be the fastest growing material segment globally. Moreover, various companies such as Amazon Inc and Inditex S.A among others are investing in R&D activities such as the innovation of RFID tags for tracking and tracing of pallets, is another factor driving growth of the global pallet market.
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North America holds a dominant position in the global pallet market, accounted with a market share of 37.99% in 2016. The developed food and beverage and construction sector in U.S. and Canada is the major factor driving growth of the market in the region. Moreover, the increasing demand for pharmaceuticals and health supplements, due to prevalent lifestyle diseases such as obesity and diabetes among other is expected to drive demand for plastic pallets, due to its enhanced durability and reduced contaminant problems.
Asia pacific is estimated as the fastest growing market in the global pallet market and is expected to exhibit the same trend over the forecast period. The growing industrialization and globalization in the emerging economies of the region is the major factor fueling growth of the market. Moreover, the growth of pharmaceutical and chemical industry has propelled the need for safer and reliable transportation, storage, and other material handling activities, which in turn, driving growth of the pallet market. According to the Indian Brand Equity foundation (IBEF), the Indian pharmaceutical industry is expected to witness a CAGR of over 15% between 2015 and 2020. Furthermore, the Department of Industrial Policy and Promotion stated that, the drugs and pharmaceutical industry attracted foreign direct investment (FDI) of US$ 14.71 billion from April 2000 to March 2017. Moreover, the demand for wood pallets in construction and housing sector is also on the surge, owing to the growing government investments on construction activities in the region.
Among materials, wood segment is estimated as the largest segment in 2016 and is expected to show the same trend during the forecast period. The increasing use of wood pallets in the construction sector is the major factor fueling the market growth.
Major Players in the Global Pallet Market:
The major players are adopting various strategies for market growth. For instance, Brambles acquired IFCO (US pallet business) systems in 2011 as a part of their acquisition and merger strategy. Brambles Limited, LOSCAM, Rehrig Pacific Company, CABKA Group, PECO Pallet Inc, The Corrugated Pallet Company, Falkenhahn AG, Millwood Incorporation, Litco International Inc and Schoeller Allibert are some of the major players operating in the global pallet market.
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Wine Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

The global wine market was valued at US$ 296.03 billion in 2016 and is slated to reach US$ 404.64 billion by 2025. The market is expected to exhibit a CAGR of 3.23% during the forecast period (2017-2025).
Growing population of women alcohol consumers, expansion of bars and restaurants, exploring different forms of entertainment such as night parties, growing demand from emerging economies and preference for low calorie alcoholic beverages stands to be some of the key driving factors of the wine market. For instance, in India, the number of pubs and bars grew by over 23% during 2014-2016, compared to cafes during the same time period. The health benefits associated with wine such as lower risk of heart disease, reduce risk of type 2 diabetes and cataracts is also playing a key role in driving the market for wine.
Additionally, with the increasing number of millennials shifting from beer and spirit based drinks to wine, the market for wine is expected to witness a positive growth trend during the forecast period. Additionally, the ongoing increase in the consumption of alcohol among females is further driving the sales of red and white wine, thereby helping the market for wine. According to a study conducted by Coherent Market Insights, it is estimated that over 55% of the women prefer wine compared to around 39% for beer in the US. However, the high price of wine compared to other alcohol based drinks such as beer is one of the major hindrance to the growth of the market.
In terms of product, still wine continue to hold majority of the market with around 83% of the market in 2016 where red wine continues to be the preferred option among all customer groups. Others such as sparkling wine and fortified wine are also witnessing growth in demand as customers seek for alternatives. The market for sparkling wine is expected to grow at a CAGR of 4.94% during the forecast period owing to the increasing consumption of champagne during social celebrations. The changing taste and preference among consumers and the demand for new and exotic flavors such as Reisling wine made of white grapes and other tropical fruit wine is fuelling the growth of the wine market.  
In terms of geography, Europe stands to be the largest market while APAC is expected to witness the fastest growth in wine market till 2022. Europe contributed over 63% of the market in 2016 with countries such as France, Spain, Italy and Germany being the key markets in the region. Additionally, Italy, Spain and France also contributed over half of the wine production at a global level due to its vast vineyard area.
North America stands as the second largest market for wine with US being the largest player in the region. At a global level, US contributed about 12% of the global market and also being the largest market globally. The country has over 9000 wineries with California contributing around 90% of the wine production in the country. Despite the ageing baby boomers being majority of the consumers of premium wines in the country, growing interest amongst the millennials are bringing a shift in the target customer group which will play a significant role in boosting the growth of the wine market in the country. It is found that millennials consumed over 43% of all wine consumed in 2015 than any other generation as they continue to shift from beer to wine.
 Asia Pacific is projected to witness the fastest growth in the wine market with countries such as China, India being the key contributors in the region. At a global level, China stands to be the largest market for alcohol consumption with the country also being one of the leading importers of wine worldwide. The ongoing recovery of the Chinese economy, growing upper middle class population and the rising disposable income is further expected to boost the consumption of wine in the country. The country is also focused towards manufacturing its domestic wine, further promoting the growth of wine in the country. Zhejiang Guyue Longshan Shaoxing Wine Company remained the market leader and witnessed volume sales increase by over 5% in 2016.  Additionally, with the Chinese government promoting Hong Kong as a wine trading hub and the rise in events such as Hong Kong International Wine and Spirits Fair, ProWine China will further promote the growth and awareness of wine in the country.
Middle Eastern countries such as Saudi Arabia, UAE, Qatar offers high income population which acts an important driving factor of the wine market in the region. The growing influx of tourists and the booming hospitality industry is also further helping the market to grow in these countries. As a result, the imports of wine from several European countries and American countries continue to grow in the country. However, stringent government and religious factors are the major challenges which will affect the growth in this region. For instance in UAE and Qatar, expats need to obtain permits to buy alcohol from designated liquor stores for private consumption.
Latin America stands to be another important region which is showcasing a strong preference for wine. Mexico which stands to be an important market in the region has witnessed a significant increase in the volume sales increasing by over 8.5% in 2016. Additionally, with different varieties of wine being easily available across different retail outlets will further boost the market in the coming years.
Europe dominated the global wine market in 2016 and is expected to retain market dominance throughout the forecast period, with major contribution coming from the emerging economies of India and China.
Major Players in the Global Wine Market
Global wine market is highly fragmented, with the presence of many large and smaller players in the market. Key players operating in the wine market include E. & J. Gallo Winery, Concha y Toro, The Wine Group, Bacardi Limited, Constellation Brands, Pernod Ricard, Treasury Wine Estates, Caviro, Grupo Penaflor.
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Men’s Grooming Products Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Men’s grooming products have gained significant traction over the recent past due to the advent of male vanity in the 21st century. Although conventionally, shaving products were the most lucrative in the men’s grooming products market, men’s beauty products have gained significant traction in the market. Also, customer interest has piqued in toiletries pertaining to skin, hair, and teeth care.
Among distribution channel, the online segment is the fastest growing due to the increased convenience offered to the consumers. Customers are increasingly utilizing the internet for grooming tips, which has further resulted in an increase in the number of grooming websites and blogs. Also, websites dedicated to men’s grooming products have gained impetus as a result of increasing demand for such products. Among product type, the toiletries segment is projected to be a major segment, followed by the shaving products and make up products segments. Grooming products constitute for medicinal products as well. For example, shampoo is intended to cleanse hair, however, also acts as a treatment for dandruff.
Europe, followed by North America and Asia Pacific, respectively, accounted for major share in the global men’s grooming market, in terms of revenue in 2016. This  trend is estimated to remain the same over the forecast period (2017 – 2025).  In 2016, North America held a share of 30.12% in terms of revenue, followed by Asia Pacific (14.66 %). Growing demand for personal grooming and busy lifestyles in Asia Pacific due to rising consumer awareness coupled with growing retail sector is expected to drive growth of the global men’s grooming products market over the forecast period. For instance, according to India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the retail market in India is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, due to income growth, urbanization, and attitudinal shifts. Asia Pacific is expected to exhibit a CAGR of 9.27% over the forecast period and is expected to reach US$ 17.6 billion by 2025.
Europe the largest region, in terms of value, was valued at US$ 23.1 billion in 2016. North America and Europe hold lucrative grooming products markets with millennials driving growth. Increased spending by the youth to keep up with global fashion trends has been a major driver. Western European countries of U.K., France, Germany, and Spain are highly lucrative markets for men’s grooming products.
The global men’s grooming products market was valued at US$ 54.7 billion in 2016 and is expected to exhibit a CAGR of 8.91%, in terms of revenue, during 2017 – 2025.
North America and Europe accounted for major shares in the global men’s grooming products market, in terms of revenue, in 2016 and this trend is projected to sustain throughout the forecast period. However, lack of awareness among populace in rural areas of emerging economies and premium pricing of grooming products are major restraints for market growth, especially in Asia Pacific.
Major Players in the Global Men’s Grooming Products Market
Major players operating in the grooming products market are Unilever, Beiersdorf AG, Colgate-Palmolive, Procter & Gamble, Energizer Holdings Inc., Johnson and Johnson, Koninklijke N.V., L’Oreal Group, and Mirato S.p.A. Companies are adopting various inorganic strategies to gain market share. For instance, Unilever in 2016 acquired Dollar Shave Club to boost its product portfolio in the male shaving products market segment. The company also acquired Murad and Dermalogica to expand its footprint into the skin care segment.
Snapdeal, a popular Indian online marketplace, revealed increased use of grooming products by men in its sales report in 2016. Face care, body care, and hair care were more popular among men than women, according to the company study.
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Friday, 25 May 2018

Spa Resort Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 – 2025

Spa is a spring or bath rich in minerals, known for therapeutic properties essential for relaxing the body. Spa resorts are special places providing treatments and various facilities for enhanced health and wellness. Spas provide massages, salon services, skin treatments, Ayurveda medicines, and yoga therapy, among others. Spa is often used as a medium for managing stress, treating medical problems, reducing weight, boosting immune system, and detoxifying the body. Balneotherapy or spa therapy is widely used in alternative medicine for the treatment of diseases such as arthritis.
Increasing travel and tourism activities coupled with increasing global health awareness is majorly driving growth of the spa resort market. Growing urbanization coupled with hectic work culture, is increasing prevalence of stress and stress-related diseases among the populace. This in turn, is increasing the demand for spa therapies, thus boosting growth of the market for spa resorts. High costs associated with healthcare is further expected to increase consumer inclination towards spa therapeutics, in turn, propelling growth of the spa resort market.
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Spa Resort Market Taxonomy
On the basis of spa type, the global spa resort market is segmented into:
    • Salon spa
    • Medical spa
    • Hotel spa
    • Destination spa
    • Mineral spa
    • Others
In the historic era, people travelled distant places to gain the benefits of mineral water. Over the recent years, spas have been able to offer an on-site source of natural mineral, thermal or seawater for hydrotherapy treatments. The enhanced convenience of spas is gaining traction, in turn driving growth of the spa resort market. Increasing globalization has increased the accessibility to spas to most people. This in turn, is boosting growth of the spa resort market.
Major consumers are females, however, growing health consciousness is increasing the consumer base of the spa resort market. Increasing number of people are increasingly being inclined towards maintaining physical and mental health, which is majorly tended to by spas. This in turn, is expected to drive growth of the spa resort market.
Europe is a dominant region in the spa resort market and is expected to retain its dominance throughout the forecast period. Growing focus and awareness on health and beauty, increasing expenditure on luxurious self-care services such as massages and facials, along with relatively high revenue generated in the region are major factors fueling growth of the spa resort market in the region. Moreover, customized and mini treatments are driving growth of the market in this region, owing to the busy and sedentary lifestyle. The region witnesses the presence of a large number of certified nutrients and cosmetic experts in spa resorts, in turn contributing to significant growth of the market in the region. According to the European Spa Association, Europe has over 1200 medical spa and health resorts in the region. European tourism statistics stated that over the period of 2006-2015, the average stay at tourist accommodation increased by 22%.
Asia Pacific is the fastest-growing region in the spa resorts market. Emerging economies such as Malaysia, Singapore, Indonesia, and Thailand are lucrative tourist destinations for spas in the region. The presence of various regional practices such as Thai massage, Yoga, and Ayurvedic medicines in the region, are attracting several tourists, annually. In 2015, international tourist arrival in the region increased by 6%, recording 279 million from around 110 million in 2000. Number of spa resorts are expected to reach 535 million by 2030, as stated by United Nations World Tourism Organization (UNWTO). 
Key players are adopting various inorganic growth strategies such as mergers and acquisitions to strengthen their foothold in the global market. For instance, Hyatt acquired New York-based Miraval group, a wellness resort and spa company in 2017. Major players operating in the spa resorts market include Emirates palace, Four Seasons Hotel limited, Massage Envy Franchising LLC, Jade Mountain Resort, Six Senses Hotels Resorts Spas, Lanserhof Tegernsee, and Gaia Retreat & Spa. 
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Meat Snacks Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

Meat snacks are snacks made by marinating meat in a curing solution and drying it. Meat processed in this manner provides it with a unique flavor and increases the shelf life of meat snacks. The strong flavor of meat snacks is attributed to the concentrating effects of the moisture removal process. The manufacturing process of meat snacks involves initial meat preparation, preparation of the curing solution, meat processing and curing, and quality check and packaging. The curing solution has antimicrobial effects that prevent growth of harmful bacteria.
Varied flavors added to meat products is a major factor driving growth of the meat snacks market globally. Growing inclination towards spicy, salty, and specific-flavored snacks is increasing growth of the meat snacks market. Manufactures are increasingly focusing on producing Jalapeno, teriyaki, and habanero with flavored meat snacks such as cranberry and pineapple. Increasing introduction of new flavors such as these, in turn, is driving growth of the meat snacks market. Manufacturers are continuously innovating these products in terms of making them easily available to consumers. For instance, development of small and innovative on-the-go packages, makes meat snacks convenient and easy to eat. These environmental friendly and easy-to-carry packaging are increasingly gaining popularity in the meat snacks market. However, fluctuations in costs associated to raw materials and high costs of final products are major restraints to growth of this market.
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Meat Snacks Market Taxonomy
On the basis of meat type, the meat snacks market is segmented into:
    • Chicken
    • Beef
    • Seafood
    • Turkey
    • Pork
    • Others
On basis of products type, the meat Snacks market segmented into:
    • Jerky
    • Ham Sausages
    • Meat Sticks
    • Pickled Sausages
    • Pickled Poultry Meat
    • Others
On the basis of flavors, the meat snacks market is segmented into:
    • Peppered
    • Original
    • Teriyaki
    • Smoked
    • Spicy
    • Hickory
    • Others
On the basis of distribution channels, the meat snacks market is segmented into:
    • Convenience Stores
    • Grocery Stores
    • Supermarket
    • Hypermarket
    • Restaurants
    • Others
The market in North America holds a dominant position, due to the U.S. being a leader in production of beef and poultry. According to U.S. Department of Agriculture (USDA), the U.S. produces around 20% of meat snacks, out of world’s total production of beef. Beef Jerkies are largely produced in the U.S, Canada, and Mexico. Import of meat snacks from Canada increased from US$ 384 million in 2010 to US$ 674 million to 2014. Meat sticks is the fastest-growing product in meat snacks market in Canada. Conventional stores is the largest distribution channel in the meat snacks market in this region. Advancements in the meat processing technology and is fueling growth of the meat snacks market in this region.  
Europe accounts for the fastest-growing region in the meat snacks market. Germany, U.K, and France are the leading economies in this region. In 2016, Germany accounted for over 16% of the market share, due to high presence of major manufacturers in the region. Supermarkets and hypermarkets are the main distribution channels in the meat snacks market in the region, which accounted for around 40% of the market share in 2016. Increasing health awareness among consumers regarding protein food and strong distribution channel is expected to boost growth of the meat snacks market in the region, over the forecast period.
Asia Pacific is the fastest-growing region in the meat snacks market. China and India are the major growth engines in the region, owing to the growing population and increasing demand for meat products in the region. According to The Organization for Economic Co-operation and Development (OECD), China is the major producer of pork meat with around 31.3 kg/capita pork meat produced in 2016, followed by poultry and beef. India is a growing economy in the processed meat products for poultry meat. According to National Bureau of Statics of China, specialty and convenience stores are the major retail distribution channels in China, which accounts for major factors boosting growth of the meat snacks market in the region.
Key Player in Meat Snacks Market
Major players operating in the meat snacks market include Jack Link's, King Elite Snacks, Marfood USA, Hormel Foods, ConAgra Foods, Meatsnacks Group, Winterbotham Darby, Nutreco N.V., CampoFrio Foods Group, Oberto Sausage, Duke's Smoked Meats, and Wild Ride Beef Jerky.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Thursday, 24 May 2018

Pest Control Services Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

Pest control is the management and regulation of a variety of living organisms such as pests that are harmful to the human population. Pests such as cockroaches and termites hinder human activities such as agriculture, commercial, industrial, and residential processes. Pest control services are carried out to eliminate pests and ensure hygiene and health. Pest control services include chemical control, mechanical control, and synthetic control among others. Pests are known to contaminate the environment and spread diseases such as Hantavirus, Plague, Salmonella, and rat bite fever. The most widely used techniques of pest control include poisoned baits, chemical repellents, and traps.
Growing urbanization and growing concern regarding health and hygiene among the populace are major factors driving growth the market for pest control. Besides the removal of vegetation, destruction of pastures and crops, and creation of nuisance in urban and rural residential areas, pests are also known to interfere with nature-based tourism, as it causes the destruction of natural resources.
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However, several emerging economies such as India and China majorly rely on agricultural activities, thus rely on pest control services to get rid of pests that hinder agricultural activities. Increasing tourism in several regions, and increasing number of economies relying primarily on tourism are expected to boost demand for pest control services, in turn boosting market growth.
However, the stringent government regulations related to limited use of toxic pesticides to reduce its impact on environment and health is one of the major factors hindering growth of the pest control services market.
Pest Control Services Market Taxonomy
On the basis of application, the global pest control service market is segmented into:
    • Insect Control
    • Birds Control
    • Termite Control
    • Rat and Rodents Control
    • Others
On the basis of service type, the global pest control service market is segmented into:
    • Chemical Control Service
    • Organic Control Service
    • Synthetic Control Service
    • Mechanical Control Service
    • Others
On the basis of end user, the global pest control service market is segmented into:
    • Agricultural
    • Industrial
    • Commercial
    • Residential
North America holds a dominant position in the global pest control services market and is expected to retain its dominance during the forecast period. In 2017, the Environmental Protection Council (EPA) withdrew the ban on the use of major pesticide—chlorpyrifos. This is expected to fuel demand for pest control services. Moreover, the Environmental Protection Council made the production of pesticides and insecticides mandatory in this region. U.S. accounts for the major contributor to growth of the pest control services market in North America and is expected to retain its dominance during the forecast period.
Asia Pacific is expected to project the fastest growth during the forecast period on account of rapid adoption of pest control services, due to strengthening government regulations. Emerging economies such as India and Bangladesh, majorly depends on agricultural activities, thus the demand for pest control services is expected to increase in this region, to ensure hygiene and health of crops. Additionally, in 2015, the 29thSession of Asia Pacific Plant Protection Commission (APPPC) has implemented International Standards for Phytosanitary Measures (ISPM), which aims to strengthen information management, building capacities for pest management, and phasing out highly hazardous pesticides, thereby fuelling growth of the market in the region.
Key players in the Global Pest Control Services Market
Key players are adopting various strategies such as mergers and acquisitions, joint ventures, partnerships, and product innovations to ensure their long-term sustenance in this market. In 2017, Arrow Exterminating Company, Inc. acquired Bugmaster Exterminators, which specializes in commercial and residential termite control, based in Houston, Texas.
Some of the key players operating in the global pest control service market are Ecolab Inc., Rollins Inc., Massey Services Inc., Arrow Exterminators Company, Bugmaster Exterminators, Dodson Brothers Exterminating Company, Terminix pest control Company, Anticimex, and Rentokil Initial.
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