$4 Billion Termite Control Market by Species Type, Control Method, Application, and Region – Global Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Termite
Control Market by Species Type, Control Method, Application, and Region
– Global Forecast to 2022” report to their offering.

The termite control market is projected to grow at a CAGR of 5.6% from
2017, to reach a value of USD 4.11 billion by 2022

The market is driven by climate change, growth in public awareness, and
government regulations on public and environmental health as well on the
food hygiene. Economic activities across the globe are growing at an
exponential pace, along which the growing middle-class population is
also driving demand for termite control options, focusing more on
improving hygiene and health standards. Lack of skilled technicians,
offering innovative solutions for termite control and delayed regulatory
approval process for chemical applications in residential and commercial
areas have been considered as restraining factors for the market.

The commercial & industrial segment accounted for the largest market
share in 2016, as food & beverage manufacturing, hospitality, government
organizations, pharmaceutical manufacturing, warehousing, retail,
educational institutions, healthcare, office, turf and garden
maintenance are some of the key areas where compliance with local
authorities for work-in-place hygiene and maintenance is highly
important. These various structures require efficient solutions for
controlling spread of termites.

Biological control is projected to grow at the highest CAGR from 2017 to
2022, due to the increasing scrutiny on the environmental impact of
chemical compounds. The usage of biological termiticides, which have few
to no side effects on human health, is gaining high acceptance. The
termite control service providers are slowly shifting their focus on
using microbial products such as Bacillus thuringiensis and microbial
extracts in their products, which have been proved to be effective on
termites without much development of termiticide resistance.

Subterranean termites accounted largest market share, because they occur
in greater numbers and are major concern for the wooden structures as
they spread across an area quickly. A subterranean termite colony can
contain more than 500,000 termites, which includes arid land
subterranean termites, dark southeastern subterranean termites, desert
subterranean termites, eastern subterranean termites, subterranean nose
termites, and western subterranean termite.

Leading players profiled in this report are as follows:

– BASF SE (Germany)

– FMC Corporation (U.S.)

– Syngenta AG (Switzerland)

– Bayer CropScience AG (Germany)

– Rentokil Initial plc. (U.K.)

– Dow Chemical Company (U.S.)

– Sumitomo Chemical Co. (Japan)

– Nufarm Limited (Australia)

– United Phosphorus Limited (India)

– ADAMA Agricultural Solutions Ltd. (Israel)

– Nippon Soda (Japan)

– Control Solution plc. (U.S.)

– Ensystex (U.S.)

For more information about this report visit http://www.researchandmarkets.com/research/bp2dgn/termite_control

Contacts

Research and Markets
Laura Wood, Senior Manager
[email protected]
For
E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related
Topics: Pest
Control Products