Overview and Scope
Termite control refers to the application of pesticides, except fumigants, to the ground before building a structure or in or around other structures to control termites and other invertebrate pests that eat wood.
Sizing and Forecast
The termite control market size has grown strongly in recent years. It will grow from $5.16 billion in 2023 to $5.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rise in professional pest control services, chemical treatment advancements, development of baiting systems, climate and weather influence, awareness and education initiatives.
The termite control market size is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to expansion of professional services, development of targeted treatments, integration of pest management programs, expansion in construction industry, stringent regulatory requirements. Major trends in the forecast period include demand in construction industry, environmentally friendly solutions, advanced treatment technologies, rise in urbanization, climate change impact.
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Segmentation & Regional Insights
The termite control market covered in this report is segmented –
1) By Type: Chemical Termite Control, Physical And Mechanical Termite Control, Biological Termite Control
2) By Species Type: Dampwood Termites, Subterranean Termites, Drywood Termites, Other Species Types
3) By Application: Commercial And Industrial Sector, Residential Sector, Agriculture And Livestock Farms, Other Applications
North America was the largest region in the termite control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global termite control market report during the forecast period. The regions covered in the termite control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing construction industry is significantly contributing to the growth of the termite control market going forward. The construction industry refers to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure. Termite control is employed in the construction industry to prevent and control termite infestation in buildings which ruins the building infrastructure and deteriorate the quality of construction. For instance, according to a 2022 report published by the Bureau of Economic Analysis (BEA) a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the growing construction industry will drive the market.
Key Industry Players
Major companies operating in the termite control market report are Adama Agricultural Solutions Ltd., BASF SE, Bayer CropScience AG, Control Solutions Inc., Ensystex Inc., FMC Corporation, Nippon Soda Co. Ltd., Nufarm Limited, Rentokil Initial PLC, Syngenta AG, The Dow Chemical Company, UPL Limited, Annex Integrated Management Private Limited, Anticimex AB, Aptive Environmental LLC, Pelsis Ltd., Home Paramount Pest Control Inc., Rollins Inc., The Terminix International Company LP, Arrow Exterminators Inc., Ecolab Inc., Massey Services Inc., Western Exterminator Company, Orkin LLC, McCloud Co., Rose Exterminator Co., Plunkett’s Pest Control Inc., ABC Home & Commercial Services Inc., Cook’s Pest Control Inc., Northwest Exterminating Co. Inc.
The termite control market report table of contents includes:
1. Executive Summary
2. Termite Control Market Characteristics
3. Termite Control Market Trends And Strategies
4. Termite Control Market – Macro Economic Scenario
5. Global Termite Control Market Size and Growth
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31. Global Termite Control Market Competitive Benchmarking
32. Global Termite Control Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Termite Control Market
34. Termite Control Market Future Outlook and Potential Analysis
35. Appendix
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