Termite Control Market

Termite Control Market - Size, Trends, and
Forecast till 2025
Termites mainly feed on cellulose and dead plant material that are usually in the form of leaf
litter, wood, and soil. Termites damage buildings, food crops, wooden materials, and others.
Various chemical, biological, physical and mechanical methods are being used to control
termite infestation. Supportive government initiatives is a major factor fueling growth of
termite control market. For instance, the Environmental Protection Agency (EPA) in the U.S.
encourages termite prevention through various awareness programs and has implemented
stringent standards for registration and use of termite control products.
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The subterranean termites segment accounted for the largest market share in 2016, owing to
high concentration of these termites. A single colony contains as many as over two million
termites, which makes the subterranean termites the most destructive termite species.
Chemical control method is most widely used in controlling termite infestation. This is owing
to rapid and effective elimination abilities of chemical compounds used against termites.
Pyrethroids is the most preferred pesticide along with chemicals such as chlorinated
hydrocarbons, phenylpyrazole, chloronicotinyls, borates, trifluoromethyl aminohydrazones,
and pyrroles used in this method.
In terms of revenue, Asia Pacific is expected to be the fastest growing region in global
termite control market, owing to increasing awareness related to termite damage. Significant
growth of tourism industry is fuelling the demand for hygienic stays in hospitality sector,
which in turn aids growth of termite control market in the region.
However, various governments regulations for use of certain pesticides and limitations in
access or ban of certain toxic pesticides is expected to hinder growth of the market. For
instance, in Japan, heptachlor and chlordane are restricted for use in termite control, owing to
its harmful effects on human health and environment. Such restrictions increase demand for
biotermiticides, derived from bacteria or fungi that have less environmental impact.
North America accounted for a revenue share of 35.58% in 2016, in global termite control
market. Development of novel technologies for controlling termite infestation is a major
factor influencing growth of the termite control market. One such technological innovation
was the launch of automatic cold fogging machine at the Pest Summit 2016 to control pest
and termites.
Major Players in the Global Termite Control Market
Some of the key players in global termite control market are 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.
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The termite control market was valued at US$ 3,276.91 million in 2016 and is expected to expand at a CAGR of 5.7%, in terms of revenue, over the forecast period (2017–2025)