Industry Analysis & Industry Trends
The Pest Control industry has experienced robust growth over the past five years, led by the increasing presence of bed bugs. The rising ubiquity of these night-time critters has fuelled demand for pest extermination professionals, underpinning robust industry revenue growth. In the five years to 2013, revenue for the Pest Control industry is estimated to increase at an annualized rate of 3.4% reaching $377.9 million. Still, industry demand did slow during the recession because consumers transitioned to more inexpensive over-the-counter products. Furthermore, the decline in the housing market led to lower demand for fumigations for newly-sold homes... purchase to read more
Industry Report - Industry Products Chapter
The Pest Control industry provides a wide range of services, which IBISWorld categorizes into termite extermination, bed bug extermination, cockroach control, rodent extermination, ant extermination and other diversified services.
Termite extermination is the largest category, which IBISWorld estimates accounts for 30.0% of the industry's revenue. Given that termites can cause major structural damage, termite extermination services are a key service offering for industry operators. According to the Canadian Wood Council, over 20.0% of Canadians live in municipalities with termite infestations. The most common method for exterminating termites is through fumigation in which a commercial business or residence is filled with gaseous pesticides... purchase to read more