The Termite Control Market report has been segmented on the basis of species, control method, application, and region.
Termite Control Market: Overview
“The Termite Control Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Termites primarily feed on dead plants and cellulose in plant 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 the commercial sector, industrial sector, residential sector, agriculture sector, livestock farms, transport facilities, and post-harvest applications.
Termite Control Market: Dynamics
The rising adoption of termite control across various end-use applications including commercial, industrial, and residential is a key factor expected to drive the growth of the global market
. Moreover, increasing demand for termite control from 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 the growth of the target market over the years to come.
Rising demand for these products in emerging economies is a factor projected to support the revenue growth of the global market.
Helpful government initiatives in various developed and developing countries are an additional factor driving the growth of the global termite control market.
Environmental Protection Agency promotes termite prevention via awareness plans and implemented stringent rules for the registration and adoption of these termite control materials or products.
However, the lack of uniform guidelines for the testing and lengthy approval procedure is a major factor projected to restrain growth of the target market.
Stringent government rules and regulations in various developing and developed countries is another factor expected to challenge the 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 the huge presence of these types of termites.
Single colonies can contain as many as over 1-2 million termites that making subterranean termites the most damaging termite species.
The subterranean termite 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 a significant share in terms of revenue in the global termite control market, owing to the 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 the maximum share in terms of revenue in the global termite control market. The residential segment revenue is anticipated to register the highest CAGR in the next 10 years.
Termite Control Market: Region Insights
The North American market is estimated to account for a major revenue share contribution in the global termite control market. Asia Pacific market is projected to register the highest revenue growth, owing to the rising adoption of termite control from residential, commercial, agriculture, and livestock farms in countries in the 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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