Termite Control Global Market Report 2024

Description

“Termite Control Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on termite control market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for termite control? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The termite control market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Adama Agricultural Solutions Ltd.; BASF SE; Bayer CropScience AG; Control Solutions Inc.; Ensystex Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Termite control involves the application of pesticides, excluding fumigants, to the ground before constructing a building or in and around other structures to manage termites and other wood-eating invertebrate pests.

The primary categories of termite control include chemical termite control, physical and mechanical termite control, and biological termite control. Chemical termite control employs chemicals to eliminate termites and is applicable to various termite species, including damp-wood termites, subterranean termites, dry-wood termites, among others. This method finds application in various sectors such as commercial, residential, agriculture, and more.

The termite control market research report is one of a series of new reports from The Business Research Company that provides termite control market statistics, including termite control industry global market size, regional shares, competitors with a termite control market share, detailed termite control market segments, market trends and opportunities, and any further data you may need to thrive in the termite control industry. This termite control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 observed in the historical period can be ascribed to the increase in professional pest control services, advancements in chemical treatments, the emergence of baiting systems, the impact of climate and weather, and initiatives focused on awareness and education.

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 anticipated growth in the forecast period can be linked to the expansion of professional services, the development of targeted treatments, the integration of pest management programs, the growth in the construction industry, and the imposition of stringent regulatory requirements. Major trends expected in the forecast period encompass increased demand in the construction industry, a focus on environmentally friendly solutions, the adoption of advanced treatment technologies, the rise in urbanization, and the impact of climate change.

The continued expansion of the construction industry is a significant driver of the termite control market's growth. The construction industry, involving the business and manufacturing activities related to building, maintaining, and repairing infrastructure, relies on termite control to prevent and manage termite infestations that can compromise building structures and construction quality. For example, based on a 2022 report from the Bureau of Economic Analysis (BEA), a U.S. government organization providing official macroeconomic and industry statistics, the size of the U.S. construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Consequently, the expanding construction industry is expected to propel the termite control market.

The rising incidence of termite infestations is anticipated to drive the growth of the termite control market in the future. Termite infestations involve the presence and colonization of termites in a location, typically a building or its surroundings. Termite control encompasses managing such infestations through a combination of targeted treatments, regular inspections, and preventive measures. As an illustration, a report by Pest Ex, an Australia-based pest control and termite treatment company, revealed that termites infest and damage approximately one in five homes in Australia annually, affecting 130,000 to 180,000 Australian buildings. Hence, the increasing prevalence of termite infestations is a key factor propelling the termite control market.

Product innovations stand out as a key trend gaining traction in the termite control market. Major companies in the termite control sector are concentrating on incorporating new technologies and methodologies to enhance the effectiveness of termite control applications. For instance, in October 2023, Groupe Berkem, a chemical manufacturing company based in France, introduced Novaterm. Tailored exclusively for termite control specialists, Novaterm represents a twofold innovation in trap systems. Firstly, it empowers termite control professionals with greater autonomy and productivity through a smartphone application, enabling efficient trip planning and regulation of traps and biocides tracking. Secondly, Groupe Berkem integrates its Synerkem technology, a plant-based booster, into Novaterm, ensuring comparable performance while significantly reducing the use of traditional biocides.

Major companies in the termite control market are embracing a strategic partnership approach with the goal of enhancing sales, marketing, business development, and operational infrastructure to foster long-term growth. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in December 2023, Shore Capital Partners, LLC, a U.S.-based private equity firm, announced a partnership with ACTION Termite & Pest Control. Shore Capital Partners aims to substantially expand ACTION's presence in the dynamic and ever-evolving pest management sector by leveraging the company's strong market position and extensive industry expertise. Through new alliances and the implementation of organic development methods, ACTION and Shore will jointly explore growth opportunities, while also committing to funding ACTION's personnel and facilities to guide the business toward sustained success. ACTION Termite & Pest Control is a U.S.-based pest control company.

In September 2022, BUGCO Pest Control, a U.S.-based pest control company, acquired Termite Technology & Pest Control for an undisclosed amount. This acquisition enhances BUGCO's service offerings by adding termite control services to its repertoire, broadening the array of amenities it can provide clients. The move aligns with Termite Technology & Pest Control's strong corporate heritage and culture. Termite Technology & Pest Control is a U.S.-based pest and termite control solution.

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.

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

The countries covered in the termite control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The termite control market includes revenues earned by entities by providing pre-construction termite treatment services and post-construction termite control services. The market value includes the value of related goods sold by the service provider or included within the service offering. The termite control market consists of sales of Diflubenzuron, Hexaflumuron and Hydramethylnon. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12146

1. Executive Summary

2. Termite Control Market Characteristics

3. Termite Control Market Trends And Strategies

4. Termite Control Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Termite Control Market Size and Growth

5.1. Global Termite Control Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Termite Control Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Termite Control Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Termite Control Market Segmentation

6.1. Global Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Chemical Termite Control
Physical And Mechanical Termite Control
Biological Termite Control
6.2. Global Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dampwood Termites
Subterranean Termites
Drywood Termites
Other Species Types
6.3. Global Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial And Industrial Sector
Residential Sector
Agriculture And Livestock Farms
Other Applications

7. Termite Control Market Regional And Country Analysis

7.1. Global Termite Control Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Termite Control Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Termite Control Market

8.1. Asia-Pacific Termite Control Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Termite Control Market

9.1. China Termite Control Market Overview
9.2. China Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Termite Control Market

10.1. India Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Termite Control Market

11.1. Japan Termite Control Market Overview
11.2. Japan Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Termite Control Market

12.1. Australia Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Termite Control Market

13.1. Indonesia Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Termite Control Market

14.1. South Korea Termite Control Market Overview
14.2. South Korea Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Termite Control Market

15.1. Western Europe Termite Control Market Overview
15.2. Western Europe Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Termite Control Market

16.1. UK Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Termite Control Market

17.1. Germany Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Termite Control Market

18.1. France Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Termite Control Market

19.1. Italy Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Termite Control Market

20.1. Spain Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Termite Control Market

21.1. Eastern Europe Termite Control Market Overview
21.2. Eastern Europe Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Termite Control Market

22.1. Russia Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Termite Control Market

23.1. North America Termite Control Market Overview
23.2. North America Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Termite Control Market

24.1. USA Termite Control Market Overview
24.2. USA Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Termite Control Market

25.1. Canada Termite Control Market Overview
25.2. Canada Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Termite Control Market

26.1. South America Termite Control Market Overview
26.2. South America Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Termite Control Market

27.1. Brazil Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Termite Control Market

28.1. Middle East Termite Control Market Overview
28.2. Middle East Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Termite Control Market

29.1. Africa Termite Control Market Overview
29.2. Africa Termite Control Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Termite Control Market, Segmentation By Species Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Termite Control Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Termite Control Market Competitive Landscape And Company Profiles

30.1. Termite Control Market Competitive Landscape
30.2. Termite Control Market Company Profiles
- 30.2.1. Adama Agricultural Solutions Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BASF SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bayer CropScience AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Control Solutions Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Ensystex Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

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

34.1 Termite Control Market In 2028 - Countries Offering Most New Opportunities
34.2 Termite Control Market In 2028 - Segments Offering Most New Opportunities
34.3 Termite Control Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer