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Global Pest Control Services Market 2020-2030
Global Pest Control Services Market 2020-2030

2021

Global Pest Control Services Market 2020-2030

Global pest control services market will reach the market size of USD 28.51 billion by 2030, growing by 5.3% annually over 2020-2030.

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Global pest control services market will reach $28.51 billion by 2030, growing by 5.3% annually over 2020-2030 owing to the rising public health initiatives due to growing instances of disease outbreaks, the technological advancements in insecticide formulations, and the increasing commercial and residential projects and intolerance for pests. Highlighted with 83 tables and 89 figures, this 171-page report “Global Pest Control Services Market 2020-2030 by Product Type (Chemical, Mechanical, Biological), Product Form (Powder, Sprays, Pellets, Traps, Baits), Pest Type (Insects, Termites, Rodents, Wildlife), Application (Commercial, Residential, Agricultural, Industrial), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global pest control services market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global pest control services market in every aspect of the classification from perspectives of Product Type, Product Form, Pest Type, Application, and Region. Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Chemical Control o Insecticides o Rodenticides o Other Chemical Types • Mechanical Control o Trapping o UV Radiation Devices o Mesh Screens o Ultrasonic Vibrations • Biological Control o Microbial o Plant Extracts o Predatory Insects • Other Product Types

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Manmayi Raval

Manmayi Raval

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Based on Product Form, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Powder • Sprays • Pellets • Traps • Baits • Other Product Forms Based on Pest Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Insects • Termites • Rodents • Wildlife • Other Pest Types Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section. • Commercial Use • Residential Use • Agricultural Use • Industrial Use • Other Applications

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Geographically, the following regions together with the listed national/local markets are fully investigated: • North America (U.S., Canada, and Mexico) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (UAE, Saudi Arabia, South Africa) For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Product Type, Pest Type, and Application over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key Players (this may not be a complete list and extra companies can be added upon request): Anticimex Group BASF SE Bayer AG Bell Laboratories Inc. Dodson Pest Control Inc. Ecolab FMC Corporation Lindsey Pest Services Pelgar International Ltd. Rentokil Initial plc Rollins Inc. Sumitomo Chemical Co., Ltd. Syngenta AG The ServiceMaster Company LLC The Terminix International Company LP (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table of Contents

  • 1 Introduction 9
  • 1.1 Industry Definition and Research Scope 9
  • 1.1.1 Industry Definition 9
  • 1.1.2 Research Scope 10
  • 1.2 Research Methodology 13
  • 1.2.1 Overview of Market Research Methodology 13
  • 1.2.2 Market Assumption 14
  • 1.2.3 Secondary Data 14
  • 1.2.4 Primary Data 14
  • 1.2.5 Data Filtration and Model Design 15
  • 1.2.6 Market Size/Share Estimation 16
  • 1.2.7 Research Limitations 17
  • 1.3 Executive Summary 18
  • 2 Market Overview and Dynamics 21
  • 2.1 Market Size and Forecast 21
  • 2.1.1 Impact of COVID-19 on World Economy 22
  • 2.1.2 Impact of COVID-19 on the Market 24
  • 2.2 Major Growth Drivers 26
  • 2.3 Market Restraints and Challenges 29
  • 2.4 Emerging Opportunities and Market Trends 32
  • 2.5 Porter’s Fiver Forces Analysis 36
  • 3 Segmentation of Global Market by Product Type 40
  • 3.1 Market Overview by Product Type 40
  • 3.2 Chemical Control 42
  • 3.2.1 Insecticides 44
  • 3.2.2 Rodenticides 45
  • 3.2.3 Other Chemical Types 46
  • 3.3 Mechanical Control 47
  • 3.3.1 Trapping 49
  • 3.3.2 UV Radiation Devices 50
  • 3.3.3 Mesh Screens 51
  • 3.3.4 Ultrasonic Vibrations 52
  • 3.4 Biological Control 53
  • 3.4.1 Microbial 55
  • 3.4.2 Plant Extracts 56
  • 3.4.3 Predatory Insects 57
  • 3.5 Other Product Types 58
  • 4 Segmentation of Global Market by Product Form 59
  • 4.1 Market Overview by Product Form 59
  • 4.2 Powder 61
  • 4.3 Sprays 62
  • 4.4 Pellets 63
  • 4.5 Traps 64
  • 4.6 Baits 65
  • 4.7 Other Product Forms 66
  • 5 Segmentation of Global Market by Pest Type 67
  • 5.1 Market Overview by Pest Type 67
  • 5.2 Insects 69
  • 5.3 Termites 70
  • 5.4 Rodents 71
  • 5.5 Wildlife 72
  • 5.6 Other Pest Types 73
  • 6 Segmentation of Global Market by Application 74
  • 6.1 Market Overview by Application 74
  • 6.2 Commercial Use 76
  • 6.3 Residential Use 77
  • 6.4 Agricultural Use 78
  • 6.5 Industrial Use 79
  • 6.6 Other Applications 80
  • 7 Segmentation of Global Market by Region 81
  • 7.1 Geographic Market Overview 2019-2030 81
  • 7.2 North America Market 2019-2030 by Country 85
  • 7.2.1 Overview of North America Market 85
  • 7.2.2 U.S. 89
  • 7.2.3 Canada 92
  • 7.2.4 Mexico 94
  • 7.3 European Market 2019-2030 by Country 96
  • 7.3.1 Overview of European Market 96
  • 7.3.2 Germany 100
  • 7.3.3 U.K. 102
  • 7.3.4 France 104
  • 7.3.5 Spain 106
  • 7.3.6 Italy 108
  • 7.3.7 Russia 110
  • 7.3.8 Rest of European Market 112
  • 7.4 Asia-Pacific Market 2019-2030 by Country 114
  • 7.4.1 Overview of Asia-Pacific Market 114
  • 7.4.2 Japan 118
  • 7.4.3 China 121
  • 7.4.4 Australia 123
  • 7.4.5 India 125
  • 7.4.6 South Korea 127
  • 7.4.7 Rest of APAC Region 129
  • 7.5 South America Market 2019-2030 by Country 131
  • 7.5.1 Argentina 134
  • 7.5.2 Brazil 136
  • 7.5.3 Chile 138
  • 7.5.4 Rest of South America Market 140
  • 7.6 MEA Market 2019-2030 by Country 141
  • 7.6.1 UAE 144
  • 7.6.2 Saudi Arabia 146
  • 7.6.3 South Africa 148
  • 7.6.4 Other National Markets 150
  • 8 Competitive Landscape 151
  • 8.1 Overview of Key Vendors 151
  • 8.2 New Product Launch, Partnership, Investment, and M&A 154
  • 8.3 Company Profiles 155
  • Anticimex Group 155
  • BASF SE 157
  • Bayer AG 158
  • Bell Laboratories Inc. 159
  • Dodson Pest Control Inc. 160
  • Ecolab 161
  • FMC Corporation 162
  • Lindsey Pest Services 163
  • Pelgar International Ltd. 164
  • Rentokil Initial plc 165
  • Rollins Inc. 166
  • Sumitomo Chemical Co., Ltd. 167
  • Syngenta AG 168
  • The ServiceMaster Company LLC 169
  • The Terminix International Company LP 170
  • RELATED REPORTS 171

Table 1. Snapshot of Global Pest Control Services Market in Balanced Perspective, 2019-2030 19
Table 2. Growth Rate of World GDP, 2020-2022 23
Table 3. Main Product Trends and Market Opportunities in Global Pest Control Services Market 32
Table 4. Global Pest Control Services Market by Product Type, 2019-2030, $ mn 40
Table 5. Global Pest Control Services Market: Chemical Control by Type, 2019-2030, $ mn 43
Table 6. Global Pest Control Services Market: Mechanical Control by Type, 2019-2030, $ mn 48
Table 7. Global Pest Control Services Market: Biological Control by Type, 2019-2030, $ mn 54
Table 8. Global Pest Control Services Market by Product Form, 2019-2030, $ mn 59
Table 9. Global Pest Control Services Market by Pest Type, 2019-2030, $ mn 67
Table 10. Global Pest Control Services Market by Application, 2019-2030, $ mn 74
Table 11. Global Pest Control Services Market by Region, 2019-2030, $ mn 82
Table 12. Leading National Pest Control Services Market, 2019 and 2030F, $ mn 84
Table 13. North America Pest Control Services Market by Country, 2019-2030, $ mn 87
Table 14. U.S. Pest Control Services Market by Product Type, 2019-2030, $ mn 91
Table 15. U.S. Pest Control Services Market by Pest Type, 2019-2030, $ mn 91
Table 16. U.S. Pest Control Services Market by Application, 2019-2030, $ mn 91
Table 17. Canada Pest Control Services Market by Product Type, 2019-2030, $ mn 93
Table 18. Canada Pest Control Services Market by Pest Type, 2019-2030, $ mn 93
Table 19. Canada Pest Control Services Market by Application, 2019-2030, $ mn 93
Table 20. Mexico Pest Control Services Market by Product Type, 2019-2030, $ mn 95
Table 21. Mexico Pest Control Services Market by Pest Type, 2019-2030, $ mn 95
Table 22. Mexico Pest Control Services Market by Application, 2019-2030, $ mn 95
Table 23. Europe Pest Control Services Market by Country, 2019-2030, $ mn 99
Table 24. Germany Pest Control Services Market by Product Type, 2019-2030, $ mn 101
Table 25. Germany Pest Control Services Market by Pest Type, 2019-2030, $ mn 101
Table 26. Germany Pest Control Services Market by Application, 2019-2030, $ mn 101
Table 27. U.K. Pest Control Services Market by Product Type, 2019-2030, $ mn 103
Table 28. U.K. Pest Control Services Market by Pest Type, 2019-2030, $ mn 103
Table 29. U.K. Pest Control Services Market by Application, 2019-2030, $ mn 103
Table 30. France Pest Control Services Market by Product Type, 2019-2030, $ mn 105
Table 31. France Pest Control Services Market by Pest Type, 2019-2030, $ mn 105
Table 32. France Pest Control Services Market by Application, 2019-2030, $ mn 105
Table 33. Spain Pest Control Services Market by Product Type, 2019-2030, $ mn 107
Table 34. Spain Pest Control Services Market by Pest Type, 2019-2030, $ mn 107
Table 35. Spain Pest Control Services Market by Application, 2019-2030, $ mn 107
Table 36. Italy Pest Control Services Market by Product Type, 2019-2030, $ mn 109
Table 37. Italy Pest Control Services Market by Pest Type, 2019-2030, $ mn 109
Table 38. Italy Pest Control Services Market by Application, 2019-2030, $ mn 109
Table 39. Russia Pest Control Services Market by Product Type, 2019-2030, $ mn 111
Table 40. Russia Pest Control Services Market by Pest Type, 2019-2030, $ mn 111
Table 41. Russia Pest Control Services Market by Application, 2019-2030, $ mn 111
Table 42. Pest Control Services Market in Rest of Europe by Country, 2019-2030, $ mn 113
Table 43. APAC Pest Control Services Market by Country, 2019-2030, $ mn 116
Table 44. Japan Pest Control Services Market by Product Type, 2019-2030, $ mn 120
Table 45. Japan Pest Control Services Market by Pest Type, 2019-2030, $ mn 120
Table 46. Japan Pest Control Services Market by Application, 2019-2030, $ mn 120
Table 47. China Pest Control Services Market by Product Type, 2019-2030, $ mn 122
Table 48. China Pest Control Services Market by Pest Type, 2019-2030, $ mn 122
Table 49. China Pest Control Services Market by Application, 2019-2030, $ mn 122
Table 50. Australia Pest Control Services Market by Product Type, 2019-2030, $ mn 124
Table 51. Australia Pest Control Services Market by Pest Type, 2019-2030, $ mn 124
Table 52. Australia Pest Control Services Market by Application, 2019-2030, $ mn 124
Table 53. India Pest Control Services Market by Product Type, 2019-2030, $ mn 126
Table 54. India Pest Control Services Market by Pest Type, 2019-2030, $ mn 126
Table 55. India Pest Control Services Market by Application, 2019-2030, $ mn 126
Table 56. South Korea Pest Control Services Market by Product Type, 2019-2030, $ mn 128
Table 57. South Korea Pest Control Services Market by Pest Type, 2019-2030, $ mn 128
Table 58. South Korea Pest Control Services Market by Application, 2019-2030, $ mn 128
Table 59. Pest Control Services Market in Rest of APAC by Country/Region, 2019-2030, $ mn 130
Table 60. South America Pest Control Services Market by Country, 2019-2030, $ mn 133
Table 61. Argentina Pest Control Services Market by Product Type, 2019-2030, $ mn 135
Table 62. Argentina Pest Control Services Market by Pest Type, 2019-2030, $ mn 135
Table 63. Argentina Pest Control Services Market by Application, 2019-2030, $ mn 135
Table 64. Brazil Pest Control Services Market by Product Type, 2019-2030, $ mn 137
Table 65. Brazil Pest Control Services Market by Pest Type, 2019-2030, $ mn 137
Table 66. Brazil Pest Control Services Market by Application, 2019-2030, $ mn 137
Table 67. Chile Pest Control Services Market by Product Type, 2019-2030, $ mn 139
Table 68. Chile Pest Control Services Market by Pest Type, 2019-2030, $ mn 139
Table 69. Chile Pest Control Services Market by Application, 2019-2030, $ mn 139
Table 70. MEA Pest Control Services Market by Country, 2019-2030, $ mn 143
Table 71. UAE Pest Control Services Market by Product Type, 2019-2030, $ mn 145
Table 72. UAE Pest Control Services Market by Pest Type, 2019-2030, $ mn 145
Table 73. UAE Pest Control Services Market by Application, 2019-2030, $ mn 145
Table 74. Saudi Arabia Pest Control Services Market by Product Type, 2019-2030, $ mn 147
Table 75. Saudi Arabia Pest Control Services Market by Pest Type, 2019-2030, $ mn 147
Table 76. Saudi Arabia Pest Control Services Market by Application, 2019-2030, $ mn 147
Table 77. South Africa Pest Control Services Market by Product Type, 2019-2030, $ mn 149
Table 78. South Africa Pest Control Services Market by Pest Type, 2019-2030, $ mn 149
Table 79. South Africa Pest Control Services Market by Application, 2019-2030, $ mn 149
Table 80. Anticimex Group: Company Snapshot 155
Table 81. Anticimex Group: Business Segmentation 155
Table 82. Anticimex Group: Product Portfolio 156
Table 83. Anticimex Group: Revenue, 2017-2019, $ mn 156

Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 18
Figure 4. Global Pest Control Services Market, 2019-2030, $ mn 21
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Global Pest Control Services Market 26
Figure 7. Primary Restraints and Impact Factors of Global Pest Control Services Market 29
Figure 8. Investment Opportunity Analysis 33
Figure 9. Porter’s Fiver Forces Analysis of Global Pest Control Services Market 36
Figure 10. Breakdown of Global Pest Control Services Market by Product Type, 2019-2030, % of Revenue 41
Figure 11. Global Addressable Market Cap in 2021-2030 by Product Type, Value ($ mn) and Share (%) 41
Figure 12. Global Pest Control Services Market: Chemical Control, 2019-2030, $ mn 42
Figure 13. Global Pest Control Services Market: Insecticides, 2019-2030, $ mn 44
Figure 14. Global Pest Control Services Market: Rodenticides, 2019-2030, $ mn 45
Figure 15. Global Pest Control Services Market: Other Chemical Types, 2019-2030, $ mn 46
Figure 16. Global Pest Control Services Market: Mechanical Control, 2019-2030, $ mn 47
Figure 17. Global Pest Control Services Market: Trapping, 2019-2030, $ mn 49
Figure 18. Global Pest Control Services Market: UV Radiation Devices, 2019-2030, $ mn 50
Figure 19. Global Pest Control Services Market: Mesh Screens, 2019-2030, $ mn 51
Figure 20. Global Pest Control Services Market: Ultrasonic Vibrations, 2019-2030, $ mn 52
Figure 21. Global Pest Control Services Market: Biological Control, 2019-2030, $ mn 53
Figure 22. Global Pest Control Services Market: Microbial, 2019-2030, $ mn 55
Figure 23. Global Pest Control Services Market: Plant Extracts, 2019-2030, $ mn 56
Figure 24. Global Pest Control Services Market: Predatory Insects, 2019-2030, $ mn 57
Figure 25. Global Pest Control Services Market: Other Product Types, 2019-2030, $ mn 58
Figure 26. Breakdown of Global Pest Control Services Market by Product Form, 2019-2030, % of Sales Revenue 60
Figure 27. Global Addressable Market Cap in 2021-2030 by Product Form, Value ($ mn) and Share (%) 60
Figure 28. Global Pest Control Services Market: Powder, 2019-2030, $ mn 61
Figure 29. Global Pest Control Services Market: Sprays, 2019-2030, $ mn 62
Figure 30. Global Pest Control Services Market: Pellets, 2019-2030, $ mn 63
Figure 31. Global Pest Control Services Market: Traps, 2019-2030, $ mn 64
Figure 32. Global Pest Control Services Market: Baits, 2019-2030, $ mn 65
Figure 33. Global Pest Control Services Market: Other Product Forms, 2019-2030, $ mn 66
Figure 34. Breakdown of Global Pest Control Services Market by Pest Type, 2019-2030, % of Sales Revenue 68
Figure 35. Global Addressable Market Cap in 2021-2030 by Pest Type, Value ($ mn) and Share (%) 68
Figure 36. Global Pest Control Services Market: Insects, 2019-2030, $ mn 69
Figure 37. Global Pest Control Services Market: Termites, 2019-2030, $ mn 70
Figure 38. Global Pest Control Services Market: Rodents, 2019-2030, $ mn 71
Figure 39. Global Pest Control Services Market: Wildlife, 2019-2030, $ mn 72
Figure 40. Global Pest Control Services Market: Other Pest Types, 2019-2030, $ mn 73
Figure 41. Breakdown of Global Pest Control Services Market by Application, 2019-2030, % of Revenue 75
Figure 42. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 75
Figure 43. Global Pest Control Services Market: Commercial Use, 2019-2030, $ mn 76
Figure 44. Global Pest Control Services Market: Residential Use, 2019-2030, $ mn 77
Figure 45. Global Pest Control Services Market: Agricultural Use, 2019-2030, $ mn 78
Figure 46. Global Pest Control Services Market: Industrial Use, 2019-2030, $ mn 79
Figure 47. Global Pest Control Services Market: Other Applications, 2019-2030, $ mn 80
Figure 48. Global Market Snapshot by Region 81
Figure 49. Geographic Spread of Worldwide Pest Control Services Market, 2019-2030, % of Sales Revenue 82
Figure 50. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 83
Figure 51. North American Pest Control Services Market, 2019-2030, $ mn 86
Figure 52. Breakdown of North America Pest Control Services Market by Country, 2019 and 2030F, % of Revenue 87
Figure 53. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 88
Figure 54. U.S. Pest Control Services Market, 2019-2030, $ mn 90
Figure 55. Canada Pest Control Services Market, 2019-2030, $ mn 92
Figure 56. Pest Control Services Market in Mexico, 2015-2030F, $ mn 94
Figure 57. European Pest Control Services Market, 2019-2030, $ mn 97
Figure 58. Breakdown of European Pest Control Services Market by Country, 2019 and 2030F, % of Revenue 98
Figure 59. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 99
Figure 60. Pest Control Services Market in Germany, 2019-2030, $ mn 100
Figure 61. Pest Control Services Market in U.K., 2019-2030, $ mn 102
Figure 62. Pest Control Services Market in France, 2019-2030, $ mn 104
Figure 63. Pest Control Services Market in Spain, 2019-2030, $ mn 106
Figure 64. Pest Control Services Market in Italy, 2019-2030, $ mn 108
Figure 65. Pest Control Services Market in Russia, 2019-2030, $ mn 110
Figure 66. Pest Control Services Market in Rest of Europe, 2019-2030, $ mn 112
Figure 67. Asia-Pacific Pest Control Services Market, 2019-2030, $ mn 115
Figure 68. Breakdown of APAC Pest Control Services Market by Country, 2019 and 2030F, % of Revenue 115
Figure 69. Contribution to APAC 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 117
Figure 70. Pest Control Services Market in Japan, 2019-2030, $ mn 119
Figure 71. Pest Control Services Market in China, 2019-2030, $ mn 121
Figure 72. Pest Control Services Market in Australia, 2019-2030, $ mn 123
Figure 73. Pest Control Services Market in India, 2019-2030, $ mn 125
Figure 74. Pest Control Services Market in South Korea, 2019-2030, $ mn 127
Figure 75. Pest Control Services Market in Rest of APAC, 2019-2030, $ mn 129
Figure 76. South America Pest Control Services Market, 2019-2030, $ mn 132
Figure 77. Breakdown of South America Pest Control Services Market by Country, 2019 and 2030F, % of Revenue 132
Figure 78. Contribution to South America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 133
Figure 79. Pest Control Services Market in Argentina, 2019-2030, $ mn 134
Figure 80. Pest Control Services Market in Brazil, 2019-2030, $ mn 136
Figure 81. Pest Control Services Market in Chile, 2019-2030, $ mn 138
Figure 82. Pest Control Services Market in Rest of South America, 2019-2030, $ mn 140
Figure 83. Pest Control Services Market in Middle East and Africa (MEA), 2019-2030, $ mn 142
Figure 84. Breakdown of MEA Pest Control Services Market by Country, 2019 and 2030F, % of Revenue 142
Figure 85. Contribution to MEA 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 143
Figure 86. Pest Control Services Market in UAE, 2019-2030, $ mn 144
Figure 87. Pest Control Services Market in Saudi Arabia, 2019-2030, $ mn 146
Figure 88. Pest Control Services Market in South Africa, 2019-2030, $ mn 148
Figure 89. Growth Stage of Global Pest Control Services Industry over the Forecast Period 151

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