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Cleaning Up: Pest Control in Canada Industry Market Research Report Now Available from IBISWorld
Date:3/9/2013

Los Angeles, CA (PRWEB) March 09, 2013

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 nighttime 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% to $377.9 million. Still, industry demand did slow during the recession because consumers transitioned to more inexpensive over-the-counter products, says IBISWorld industry analyst Caitlin Moldvay. “Furthermore, a decline in the housing market led to lower demand for fumigations for newly sold homes.” In the years since, however, revenue growth has accelerated because of the rapid proliferation of bed bugs, which has yielded strong demand particularly from hotels and residential clients.

Pest control services in Canada are traditionally geared toward the commercial market, which makes up an estimated 80.0% of industry revenue, according to information from Pest Control Technology. Pest control operators are increasingly targeting residential customers and diversifying their service lines, however, in order to take advantage of more untapped markets. “This trend is expected to accelerate over the coming five years,” says Moldvay, “partly because greater regulations aimed at some over-the-counter pesticide products are expected to take effect, limiting competition from substitute products.”

The Pest Control industry has a moderate degree of market share concentration that has expanded over the past five years.
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