What is Termite Control Market?
Termites cause billions of dollars in damage each year in the United States. Termite is a small, pale soft-bodied insect that lives in large colonies with several different castes. Termites primarily feed on the wood but they can be highly destructive to paper, books, insulation, swimming pool liners and filtration systems. They can injure living trees and shrubs. Thus it is important to identify and protect the property from termites through effective prevention measures and appropriate use of termite treatments. On 18th July 2018, BASF, the world’s leading chemical company, has launched Termidor SC–a superior suspension concentrate residual contact and stomach insecticide for the control of wood destroying subterranean termites damaging buildings and structures. The company’s new product is highly effective, environmentally friendly and safe to use.
The market study is being classified by Type (Chemical Termite Control, Physical & Mechanical Termite Control and Biological Termite Control), by Application (Commercial & Industrial, Residential, Livestock Farms and Others) and major geographies with country level break-up.
BASF SE (Germany), Syngenta AG (Switzerland), Dow Chemical Company (United States), Sumitomo Chemicals (Japan), FMC Corporation (United States), United Phosphorus Limited (India), Rentokil Initial plc. (United Kingdom), Nufarm Limited (Australia), Adama Agricultural Solutions Ltd. (China) and Nippon Soda Co., Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Arrow Exterminators (United States) and Anticimex (Sweden).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Termite Control market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Termite Control market by Type, Application and Region.
On the basis of geography, the market of Termite Control 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Awareness among the People about the Importance of Termite Control
- Climate Change Leads Into Growth of the Termite
Market Trend
- High Demand for Innovative Solutions for Termite
Restraints
- Lack of Skilled Labors in Various Regions
- Termite Resistant To Control Products in the Market
Opportunities
- Growing Pesticide Industry Worldwide
- High Demand for Innovative Products
Challenges
- Undetected Spreading Of the Termites
- Stringent Rules and Regulations of the Government about Chemical Pesticides
Market Leaders and some development strategies
Recently, FMC Corporation and DuPont has announced the signing of a definitive agreement for FMC to acquire the portion of DuPont's Crop Protection business.
Key Target Audience
Termite Control Manufacturers, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user