Market News

Key Developments:

The major players are adopting various organic and inorganic growth strategies.

For instance, in August 2013, BASF S.E. launched Termidor H?E High-Efficiency Termiticide that creates enhanced protection zone coupled with various advantages such as less water consumption, smaller trenches, wide drill hole spacing, and shallow treatment depths.

In July 2018, BASF S.E. launched Termidor SC, a suspension concentrate residual contact and stomach insecticide, for controlling wood destroying subterranean termites that damages buildings and structures. The new product was designed using German engineering and is odorless, environment-friendly, and safe to use.

In October 2017, BAYER A.G. launched Bayer Digital Pest Management services utilizing Microsoft Azure cloud platform. Through this platform, the company targets to offer a combination of pest management program comprised termite control industry experience and technological infrastructure to the customers to gain competitive advantage and expand business.

In March 2016, Syngenta A.G. announced effectiveness of its Altriset termiticide to drywood termites. Earlier, Altriset was effective only to Eastern subterranean and Formosan termites. Altriset can be applied as a foam treatment to penetrate difficult-to-reach areas such as inside wall voids and structural beams to control drywood termites.

In 2017, Rentokil Initial PLC acquired 41 businesses out of which 33 business were operating in pest control sector worldwide. For instance, in February 2017, the company acquired Allgood Pest Solutions, a high quality pest control company headquartered in Georgia, U.S.