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Termite Control Market Analysis to 2025 - Leading Players BASF SE, Bayer AG, The DOW Chemical Company, Sumitomo Chemical Co., Ltd. , FMC Corporation , United Phosphorus Ltd , Nufarm Limited , Nippon Soda Co. Ltd
Termite Control
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.
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North America market held dominant position in global termite control market with a value of US$ 1,165.79 million in 2016. Increasing demand of termite control products from commercial and industrial sectors such as food service and food processing industries is major factor propelling growth of the market in the region. The Pest Management Regulatory Agency of Health Canada (PMRA), regulates the Pest Control Products Act (PCPA), in various sectors including Food Residue Exposure Assessment Section (FREAS), which evaluates cases, where these services can affect the human health due to their contact with field crops, meat and dairy products and processed food.
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.
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).
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.
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