About Termite Bait System Products
End users in residential and commercial areas are always looking for innovative approaches to prevent termite infestation in new buildings. As a result, manufacturers in the termite bait market are on their way to novel termite bait systems and ground-based liquid termiticides. Bait systems have become increasingly popular in recent years. Termite baits contain a small amount of wood and pesticides, which slow termite growth. Termite baits are also made from cardboard, paper, or other acceptable termite foods combined with a slow-acting substance that is deadly to termites. It also acts as a regulator of insect growth. Termite treatment in residential areas is done with a liquid termiticide on the topsoil. Various strategies for controlling the termite population, including liquid chemical barriers and bait stations, are the main drivers for the termite bait systems market. Various liquid chemical barriers such as anti-agents are used to form a barrier, and beneath structures to square, the potential trajectories of termite passage are also a driver for the termite bait system market. Increased pest management to maintain consumer health and hygiene is an opportunity for the market. Spending preventing household protection measures is also an opportunity for the termite bait market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Termite Bait System Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DowDuPont (United States), BASF SE (Germany), Bayer AG (Germany), Sumitomo Chemical Co., Ltd. (Japan), Syngenta (Switzerland), Rentokil Initial (United Kingdom), Spectrum Brands, Inc. (United States), Ensystex (United States), PCT International (Australia) and Rollins (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Terminix International (United States) and Arrow Exterminators (United States).
Segmentation Overview
AMA Research has segmented the market of Global Termite Bait System Products market by Type (Bait Devices and Liquid Eradication Methods), Application (Commercial & Industrial, Residential and Agriculture & Livestock Farms) and Region.
On the basis of geography, the market of Termite Bait System Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Termite Type, the sub-segment i.e. Subterranean will boost the Termite Bait System Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Termite Bait System Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Station Type, the sub-segment i.e. In-Ground will boost the Termite Bait System Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Increasing Trend in the Availability of Liquid Methods That Prevent Foraging Termites from Reaching the Foundation and Piers and The Growing Trend of Precast Construction Anti-Termite Treatment
Market Growth Drivers:
Environmentally Safe and Convenient Application Process, Increased Management of Pests to Maintain Consumer Health and Hygiene, Higher Preference of Innovative and Sustainable Products among Customers and Changing Climatic Conditions Increase the Need to Avert Termite Invasion
Challenges:
Effects Are Relatively Slow As Compared To Liquid Chemical Barriers
Restraints:
High Initial Investment and Contract Maintenance and Lack of Awareness & Low Adoption Rate
Opportunities:
Growing Market Opportunities in Urban Residential Areas and A Rise in Expenditure on Preventing Measures for the Protection of Households
Market Leaders and their expansionary development strategies
In December 2017, BASF signed a marketing agreement with Mitsui Chemicals Agro, Inc. (MCAG) (Japan). Through this agreement, MCAG granted BASF the exclusive right to commercialize broflanilide products in several markets worldwide, with the exception of Japan and certain Asian countries. Broflanilid is used to control various pests such as caterpillars, beetles, termites, ants, and cockroaches. and In January 2018, Arrow Exterminators acquired Moore's Premium Termite and Pest Control LLC (USA). This acquisition would make it easier for Arrow to grow and serve more residential and business customers with a full range of services in Georgetown, South Carolina.
In 2021, Decke global has launched the bio totung, a biological engineeing product for pre construction use, Bio totung is an easy to use termite ground treatment that kils termites and otherpets. This launced is expected to help the company expand its product line.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Termite Bait System Products, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.