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Report Overview
The Mexico pest control market attained a value of USD 1,457.7 million in 2023. The market is estimated to grow at a CAGR of 4.3% during 2024-2032 to reach a value of USD 2,107.4 million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Pest Control Market Trends
Demand for houses in Mexico is rising. As of 2022, Mexico needed to invest nearly 4% of its GDP annually to build 800,000 housing units each year over the next two decades to keep up with this demand. In 2023, Mexico's home sales totalled USD 25.73 billion and are expected to increase to USD 37.86 billion by 2028. This places Mexico among the top 20 countries worldwide for residential real estate transaction value. The increase in housing construction presents an opportunity for preventive residential pest control solutions, as pests can harm property and belongings in addition to transmitting diseases.
Increasing consumer preference for do-it-yourself (DIY) pest control solutions is driving the pest control market. These low-cost options allow customers to manage minor infestations on their own, offering both convenience and control. Additionally, purchasing chemicals from supermarkets is often more economical than hiring professional pest control services, further fuelling the demand for DIY solutions.
Mexico Pest Control Market Report Snapshots
Mexico Pest Control Market Size
Mexico Pest Control Market Growth
Mexico Pest Control Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The pest control market in Mexico attained a value of USD 1,457.7 million in 2023.
The Mexican market for pest control is estimated to grow at a CAGR of 4.3% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 2,107.4 million by 2032.
The factors driving the market growth are increasing residential construction activities, expansion of the food processing sector in Mexico, rising demand for environment friendly pest control solutions, and the growing agriculture activities.
The key regional markets for pest control in Mexico are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and the Yucatan Peninsula.
The various modes of pest control include powder, spray, traps and baits, and others.
The applications include commercial, residential, industrial, and agriculture.
The key players in the market include BASF SE, Syngenta AG, Xtermin, Biotor Labs, S.A., Velsimex, SA de CV, Vestaron Corporation, Med-X, Inc, and Nichino México S. de RL de CV, among others.
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