Press release
Termite Control Market Future Trends, Segments, Growth Rate, Major Players And Forecast To 2033
Termite Control Market
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.
Market Overview -
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.
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Termite Control Market Expands With Increasing Demand For Infestation Prevention In Building Infrastructure
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.
Competitive Landscape -
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.
Revolutionizing Termite Control Groupe Berkem Introduces Novaterm A Dual Innovation With Smart Trap Systems And Synerkem Technology
Product innovations are the key trend gaining popularity in the termite control market. Major companies operating in the termite control market are focusing on integrating new technologies and methodologies to improve termite control applications. For instance, in October 2023, Groupe Berkem, a France-based chemical manufacturing company launched Novaterm. Novaterm was created exclusively for termite control specialists. This new product is a twofold innovation in the field of trap systems: first, it gives termite control professionals more autonomy and productivity through a smartphone application that allows them to plan their trips more efficiently and regulate the number of traps and biocides they have to keep track of. Second, Groupe Berkem's Synerkem technology-a plant-based booster-is included in Novaterm, ensuring the same degree of performance while drastically lowering the formulation's use for traditional biocides.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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