Termites are insects that are commonly known as white ants. They form highly organized colonies of several hundred thousand to million termites and mostly feast upon wood and damage it from the inside out. Despite the fact that termites do not transmit diseases to people, prolonged exposure to a termite-infested area can result in allergic reactions and asthma attacks.
Market Dynamics
Rising demand for biological control methods using biotermiticides is expected to fuel market growth of termite control over the forecast period. In addition to this, increasing awareness regarding the adverse effects of termites is propelling the global demand for termite control services. Furthermore, growing demand for a hygienic stay in the hospitality sector from tourists and stringent good manufacturing practices (GMP), ensuring zero tolerance to pests in the pharmaceutical sector, are some of the key factors largely contributing to the overall growth of this market.
North America was the dominant region in the global termite control market in 2022 owing to the high demand for termite control services in commercial and industrial applications. In addition to this wood is extensively used in the construction of residential and non-residential buildings in North America, as it is cost-effective, has seismic resistance properties, and aids in faster construction. This in turn supports the growth of the termite control market in the region as termites mostly feast upon the wood.
Asia Pacific is expected to project the fastest growth in the global termite control market over the forecast period, witnessing the highest CAGR among all. In addition to this, growing tourism in the region is fuelling the demand for hygienic stays in the hospitality sector among tourists. This factor is largely propelling the demand for termite services in the region.
Key features of the study:
- This report provides in-depth analysis of the termite control market, market size (US$ MN), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030).
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
- It profiles leading players in the global termite control market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
- The global termite control market report caters to various stakeholders in this industry, including investors, product developers, distributors, research institutes, new entrants, and financial analysts.
- Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the termite control market.
- Major players operating in the global termite control market include BASF SE, Bayer AG, The DOW Chemical Company, Sumitomo Chemical Co., Ltd. , FMC Corporation , United Phosphorus Ltd , Nufarm Limited , Nippon Soda Co. Ltd , Rentokil Initial PLC , Adama Agricultural Solutions Ltd., and Ensystex.
Detailed Segmentation:
- Global Termite Control Market, By Species Type:
- Drywood Termites
- Dampwood Termites
- Subterranean Termites
- Formosan Termites
- Others
- Global Termite Control Market, By Control Method:
- Physical & Mechanical Control Methods
- Termite Barriers
- Pitfall
- Bait Technology
- Chemical Control Methods
- Chlorinated Hydrocarbons
- Synthetic Pyrethroids
- Chloronicotinyl
- Phenylpyrazole
- Organophosphates
- Others
- Biological Control Methods
- Botanicals
- Plant Extracts
- Root
- Leaf
- Fruits and Seed
- Wood Extracts
- Essential Oil
- Resin
- Microbials
- Fungal Control
- Bacterial Control
- Nematode Control
- Others
- Global Termite Control Market, By Application:
- Residential
- Commercial & Industrial
- Agriculture & Livestock Farms
- Others
- Global Termite Control Market, By Region:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- North Africa
- Central Africa
- South Africa
- Middle East
- GCC
- Israel
- Rest of Middle East
- Company Profiles
- BASF SE*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Bayer AG
- The Dow Chemical Company
- Sumitomo Chemical Co. Ltd.
- FMC Corporation
- United Phosphorus Ltd.
- Nufarm Ltd.
- Nippon Soda Co. Ltd.
- Rentokil Initial Plc.
- Adama Agricultural Solutions Ltd.
- Ensystex
“*” marked represents similar segmentation in other categories in the respective section.
