Industry Analysis & Industry Trends
The Pest Control industry has experienced robust growth over the past five years, largely due to the rising prevalence of bed bugs. Public concern over these pests has fuelled demand for pest control and extermination services, particularly from hotels and residential customers. Federal and provincial regulations ensure steady demand from commercial clients, which generate a large majority of industry revenue. Over the next five years, the industry is expected to continue its upward trajectory. During this time, industry operators will likely focus on expanding their residential service lines and transitioning to environmentally friendly solutions... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Pest Control industry is in the growth stage of its life cycle. Industry value added, which measures the industry's contribution to the overall economy, is forecast to rise at an average annual rate of 4.4% over the 10 years to 2020. Comparatively, Canadian GDP is projected to rise at an average annual rate of 2.2% over the same period; consequently, the Pest Control industry is making up a larger share of the overall economy, a key indicator of its growing life cycle stage.
The Pest Control industry is experiencing a revival, propelled by the resurgence of bed bugs, which has resulted in strong product development and growth prospects for the industry. Furthermore, a rising number of companies are offering more environmentally friendly products... purchase to read more