Market Overview

Termites mainly feed on cellulose and dead plant material that are usually in the form of leaf litter, wood, and soil. Termites damage buildings, food crops, wooden materials, and others. Various chemical, biological, physical and mechanical methods are being used to control termite infestation. Supportive government initiatives is a major factor fueling growth of termite control market. For instance, the Environmental Protection Agency (EPA) in the U.S. encourages termite prevention through various awareness programs and has implemented stringent standards for registration and use of termite control products.

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. This is owing to rapid and effective elimination abilities of chemical compounds used against termites. Pyrethroids is the most preferred pesticide along with chemicals such as chlorinated hydrocarbons, phenylpyrazole, chloronicotinyls, borates, trifluoromethyl aminohydrazones, and pyrroles used in this method.

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Market Dynamics

Rising demand for biological control methods using biotermiticides is expected to fuel market growth of termite control over the forecast period. In addition to this, increasing awareness regarding the adverse effects of termites is propelling the global demand for termite control services. Furthermore, growing demand for hygienic stay in the hospitality sector from tourists and stringent good manufacturing practices (GMP), ensuring zero tolerance to pests in the pharmaceutical sector, are some of the key factors largely contributing to overall growth of this market.

North America was the dominant region in the termite control market in 2016 owing to high demand for termite control services in commercial and industrial applications. In addition to this wood is extensively used in the construction of residential and non- residential buildings in North America, as it is cost effective, has seismic resistance properties and aids in faster construction. This in turn supporting the growth of the termite control market in the region as termites mostly feast upon wood.

Detailed Segmentation:

Global Termite Control Market, By Species Type:

Drywood Termites

Dampwood Termites

Subterranean Termites

Formosan Termites

Others

Global Termite Control Market, By Control Method:

Physical & Mechanical Control Methods

Termite Barriers

Pitfall

Bait Technology


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.

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