A report by MarketsandMarkets indicates that the biological pest control segment is projected to grow at the highest CAGR from 2016 to 2021. Biocontrol provided by these living organisms, collectively known as natural enemies, is important for reducing the number of pest insects and mites. The report points out that agricultural pests belong to a broad spectrum of organisms, including insects, mites, ticks, mice, rats, fungi, bacteria, weeds, viruses and other pathogens. According to the report, agricultural crops are very important to the global economy and are crucial across agricultural sectors such as animal husbandry and poultry, which feed upon fodder crops. SenesTech Inc. (NASDAQ: SNES), Rollins, Inc. (NYSE: ROL), ServiceMaster Global Holding Inc. (NYSE: SERV), Ecolab Inc. (NYSE: ECL), FMC Corp. (NYSE: FMC)
The agriculture application in the pest control market continues to grow, as there is an increased demand for crop protection to avoid losses. There are several factors contributing to the growth of the global pest control market. In a separate report, Research and Markets explains that the market is set to experience favorable growth driven by factors such as increasing global population, rapid urbanization, rising middle class population and upsurge in disposable income. In addition, the growth rate for this market is also influence by rise in global temperatures and increasing economic activity.
SenesTech Inc. (NASDAQ: SNES) is a developer of proprietary technologies for managing animal pest populations through fertility control. The company recently announced on July 17th, “Its collaboration with the Wildhorse Ranch Rescue (WRR) in Gilbert, AZ to provide safe and sustainable control of a rat infestation at their facilities. The project will utilize ContraPest, SenesTech’s proprietary technology for managing rodent pest populations through fertility control, for which WRR has agreed to a two year purchase agreement.
Wildhorse Ranch Rescue’s mission is to save animals from abuse, neglect, slaughter and premature death by providing a safe place for them to live out the remainder of their lives.”
“We’ve all heard of rodent bait boxes filled with poison. So cruel and unnecessary!” stated Kimberly Meagher, Author, Actor, Director and Founder of Wildhorse Ranch Rescue. “At Wildhorse, we have rodent bait boxes from SenesTech. It is the most humane way to control your rodent residents. We love Ben and his gang. We just want to allow them to exist without the consequence of babies. We are so thankful to have found this product! We will do whatever we can to help market this wonderful, humane solution.”
“Animal sanctuaries, as well as zoos, have a commitment to ethical treatment of animals and struggle with rodent infestations. The animal sanctuary market is an obvious fit and a substantial opportunity for us. With about 200 accredited facilities in the US, all of whom have the potential for rodent pest infestations, ContraPest is an ideal choice. ContraPest targets the whole rat population that carries disease, damages property and disturbs the public by getting to the root of the problem: reproduction, and does so safely, sustainably and humanely,” said SenesTech’s Co-founder and CEO Dr. Loretta Mayer.
Rollins, Inc. (NYSE: ROL) is a premier global consumer and commercial services company. The Company provides essential pest control services and protection against termite damage, rodents and insects to more than two million customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia from more than 700 locations. Recently, Rollins announced that the company, through its wholly-owned subsidiary Orkin, has expanded its presence in Central America, South America and Southeast Asia by adding six new franchises. The franchises are located in Nicaragua, Lima, Peru, Sao Paulo, Espirito Santo and Rio de Janeiro, Brazil, and in Jakarta, Indonesia. The new franchises will offer commercial and residential pest control, as well as termite services.
ServiceMaster Global Holding Inc. (NYSE: SERV), through its Terminix segment, offers proven pest control solutions to help protect home or business from unwanted termites and pests. Earlier this year, the company announced its multi-year partnership with Minor League Baseball (MiLB), and will be embarking on a ‘ServiceMaster Ballpark Tour’ to celebrate with fans at select MiLB ballparks across the country this season. Aiming to enhance the ballpark experience for fans and connect its local providers with Minor League Baseball teams for ballpark cleaning, pest control and maintenance, ServiceMaster’s brands will become the official designator of Minor League Baseball in several different categories.
Ecolab Inc. (NYSE: ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. Ecolab Pest Elimination has more than 30 years of pest management experience focusing exclusively on the institutional/commercial market segments. The company consistently deliver scientifically proven protocols to not only control pests, but eliminate them. All while providing the insights needed to help identify risks before they happen.
FMC Corp. (NYSE: FMC) has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. At FMC Agricultural Solutions, the company are committed to partnering with growers around the globe to solve unique problems, anticipate changing needs, and protect their crops from the ravages of pests, weeds and disease. On May 2, 2017, FMC Agricultural Solutions reported first quarter revenue of $530 million and segment earnings of $83 million. First quarter segment revenue declined 3 percent year-over-year, as lower sales in Europe and Latin America offset better than expected revenue in Asia and North America. Segment earnings increased 1 percent compared to the first quarter of 2016, with improved product mix and benefit of foreign exchange cancelling out the negative impact of lower volumes.
Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. “The Latest Buzz in Financial News”
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
For further information: