“Global Termite Control Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global termite control market report has been segmented on the basis of species, control method, application, and region.
Termite Control Market: Introduction
Termites primarily feed on dead plants and cellulose in plants material which are in form of soil, wood, and leaf litter. Termites damage wooden materials, food crops, buildings, and others. Different chemical, physical, mechanical, and biological methods are utilized to control the termite infestation. Termite control products are used in various end-use sectors including commercial sector, industrial sector, residential sector, agriculture sector, livestock farms, transport facilities, and post-harvest applications.
Termite Control Market: Dynamics
Rising adoption for termite control across various end-use applications including commercial, industrial, and residential is a key factor expected to drive growth of the global market. Moreover, increasing demand for termite control form agriculture and livestock farms is a factor expected to fuel the target market growth in the years to come.
Moreover, improper waste management and increasing population in various countries are among other factors estimated to drive growth of the target market over the years to come. Rising demand for these products in emerging economics is factor projected to support revenue growth of the global market.
Helpful government initiatives in various developed and developing countries is additional factor driving growth of the global termite control market. Environmental Protection Agency promote termite prevention via awareness plans and implemented stringent rules for the registration and adoption of these termite control material or products.
However, lack of uniform guidelines for the testing and lengthy approval procedure is a major factor projected to restraint growth of the target market. Stringent government rules and regulations in various developing and developed countries, is another factor expected to challenges growth of the global market.
Termite Control Market: Segment Insights
Among the species segments, the subterranean segment is expected to witness maximum share in terms of revenue in the global termite control market, owing to huge presence of these types of termites. Single colony can contain as much as over 1-2 million termites that makes subterranean termites most damaging termite species. The subterranean termites segment is further anticipated to record moderate CAGR over the next few years.
Among the control method segments, the chemical control method segment is estimated to register significant share in term of revenue in the global termite control market, owing to effective and quick elimination capabilities of chemical compounds utilized against termites. The chemical control method segment revenue is expected to register moderate CAGR in the next few years.
Among the application, the commercial and industrial sector segment is projected to register maximum share in term of revenue in the global termite control market. The residential segment revenue is anticipated to register highest CAGR in the next 10 years.
Termite Control Market: Region Insights
North America market is estimated to account for major revenue share contribution in the global termite control market. Asia Pacific market is projected to register highest revenue growth, owing to rising adoption of termite control from residential, commercial, agriculture and livestock farms in countries in region.
Global termite control market segmentation:
Segmentation by species:
- Subterranean Termites
- Drywood Termites
- Dampwood Termites
- Others (conehead termites and desert termites)
Segmentation by control method:
- Physical and Mechanical
- Others (radiation and environmental control)
Segmentation by application:
- Commercial and Industrial Sector
- Residential Sector
- Agriculture and Livestock Farms
- Others (post-harvest applications and transport facilities
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- BASF SE
- The Dow Chemical Company
- Bayer CropScience Aktiengesellschaft
- Syngenta AG
- Sumitomo Chemical Company, Limited
- FMC Corporation
- Nufarm Limited
- UPL Limited
- Rentokil Initial plc
- Adama Agricultural Solutions Ltd.
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