The global bed bug killer market is expected to display higher growth rate over the upcoming years. The rapid surge in the market is credited to the growing concerns among general population regarding health and hygiene, and increasing propagation of bed bugs due to conducive weather conditions, particularly in North America, Europe and Asia Pacific region. Additionally, a rising number of international as well as domestic travelers, leading propagation bed bugs, is expected to drive the growth of the market over the forecast period.
Increasing spending by consumers on pest control services and increasing adoption of central heating systems are anticipated to fuel the growth of bed bug killer market over the forecast period. Moreover, rising installation of glazing systems for residential and commercial buildings to protect rooms during the winter season to stop propagation of bed bugs is the key driving factor for market growth over the past few years. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of bed bug killers.
However, growing apprehensions associated with the toxicity levels in pesticides and the prevalence of health issues with excessive use of toxic pesticides in pest control is expected to limit market growth to a certain extent. In addition, stringent laws & regulations to contain the use of toxic pesticides and implement policies regarding permissible toxicity levels is further restraining the growth of bed bug killer market.
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The market is broadly categorized into three major segments based on the application type such as chemical control services, thermal heat services and mechanical control services. Chemical control services segment is growing rapidly in the bed bug killer market with substantial revenue generation in the last few years. Growing popularity of chemical control services segment is attributed to the rising product penetration and comparatively cheaper.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in chemical manufacturing sector, a surge in the number of research & development activities and the existence of well-established industrial infrastructure in the region. In the European region, Germany, France, and the United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the bed bug killer industry with massive growth in the forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising disposable income, growing awareness among consumers regarding health & hygiene, improved living standards, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the bed bug killer market are Ecolab, Inc., Rollins, Inc., Rentokil Initial plc, Service Master Global Holdings, Inc., Massey Services Inc., Pelsis Ltd., and Killgerm Ltd.
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