Spring has finally sprung, which means that pests are not far behind. And as one of the more resilient industries regardless of the economy’s performance, pest control franchises are a hot investment heading in 2022 and beyond.
According to Yahoo Finance, North America represents approximately 50% of the total international pest control market, which is expected to climb from 2019’s US$19.7 billion to $31.9 billion by 2027, a CAGR of 6.3%. The biggest contributing market drivers are said to be a growing rat population, a rise in urban development, and climate change. But the end of the pandemic will also drive a short-term increase in demand.
As more Americans receive COVID-19 vaccinations in 2021, analysts anticipate that the reopening of businesses and other commercial facilities will drive a spike in demand as they start or renew pest control maintenance contracts. A study from GrandViewResearch found that the commercial category holds the majority of the pest control market share of 57.8% in 2019. With strict hygiene requirements, growth will likely explode in the food and hospitality industries.
For more, check out these pest control franchises for purchase:
Lawn Doctor
Founded and franchising since 1967, Lawn Doctor stands as one of the oldest pest control franchises in the US with 600 locations. Lawn Doctor has 50 years of experience in the industry and an average customer retention rate of over 80%. To learn more about a franchise opportunity with Lawn Doctor, click here.
Mosquito Joe
Franchising only since 2012, Mosquito Joe has seen incredible growth in the past few years as it has opened more than 300 franchise locations across the US. The company has been recognized for its growth by Entrepreneur’s Franchise 500, ranking first in its category from 2017 to 2020. To learn more about a franchise opportunity with Mosquito Joe, click here.
Mosquito Squad
Founded in 2001 and franchising since 2005, Mosquito Squad has grown to over 250 locations in the US. The franchise’s system-wide revenue in 2019 was over $70 million and the company offers discounts to veteran franchisees. To learn more about a franchise opportunity with Mosquito Squad, click here.
Pest Authority LLC
Franchising since 2009, Pest Authority has grown to 84 locations along the east coast. The franchise offers an initial training program of 20 hours to franchisees in classroom training and on-the-job training to for owners, managers and staff. To learn more about a franchise opportunity with Pest Authority LLC, click here.