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Termite Control Market to Record 7.9% CAGR Growth Through 2029 | Global Analysis Report
Termite Control
Termite Control Market Outlook: How is the Market Expected to Grow by 2025?
The size of the termite control market has been gradually expanding in the past few years. It is forecasted to escalate from $5.48 billion in 2024 to $5.74 billion in 2025, marking a compound annual growth rate (CAGR) of 4.7%. Factors contributing to the growth during the historic period include the surge in professional pest control services, the progress in chemical treatment methods, the creation of baiting systems, the impact of climate and weather, and initiatives for awareness and education.
Termite Control Market Forecast: What Size Will It Reach By 2029?
The market size for termite control is anticipated to witness substantial growth in the upcoming years, reaching a market valuation of $7.77 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.9%. The factors driving this growth during the forecasted period are primarily attributed to the growth of professional services, development of specific treatments, incorporation of pest management programs, growth in the construction industry, and strict regulatory requirements. Noteworthy trends predicted for this period comprise demand in the construction industry, eco-friendly solutions, introduction of innovative treatment technologies, urbanization increase, and the impacts of climate change.
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Which Key Market Drivers Will Shape Termite Control Industry Trends in 2025-2029?
The termite control market is experiencing considerable growth due to the escalating construction industry. The construction sector encompasses the business and manufacturing segments responsible for creating, maintaining, and repairing infrastructure. Termite control methods are heavily utilized within the construction industry to thwart and manage termite infections that damage the structure of buildings and degrade the standard of construction. A 2022 report released by the Bureau of Economic Analysis (BEA), a government organization in the US that delivers official macroeconomic and industry figures, indicates that the US construction industry's size had a surge from $1.916 trillion during 2021's first quarter, to $2.016 trillion in the initial quarter of 2022. Hence, the thriving construction sector propels the termite control market.
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What Are the High-Growth Segments in the Termite Control Market?
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
Subsegments:
1) By Chemical Termite Control: Liquid Pesticides, Baiting Systems, Fumigation
2) By Physical And Mechanical Termite Control: Physical Barriers, Moisture Control, Soil Treatment
3) By Biological Termite Control: Nematodes, Entomopathogenic Fungi, Microbial Control Agents
Which Global Trends Are Driving Termite Control Market Expansion?
The emerging trend in the termite control market is centered around product innovations. Major businesses in this market are making a concerted effort to incorporate fresh technologies and methods to enhance termite control strategies. For example, Groupe Berkem, a chemical manufacturing firm based in France, introduced Novaterm in October 2023, a product tailored specifically for termite control experts. This ground-breaking product offers a dual innovation in trap system technology. Firstly, it offers more independence and productivity to the termite control professionals by supplying them with a smartphone app, which helps manage their routes more effectively and maintain an accurate record of their trap and biocide count. Secondly, Novaterm includes Synerkem technology from Groupe Berkem, which is a plant-based enhancer that provides equivalent efficiency while significantly reducing the usage of conventional biocides.
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Who Are the Fastest-Growing Companies in the Termite Control Industry?
Major companies operating in the termite control market include 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.
What Is the Regional Outlook for the Termite Control Market by 2029?
North America was the largest region in the termite control market in 2024.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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