Termite Control Market - Forecast(2023 - 2028)

Report Code: AGR 35681 Report Format: PDF + Excel

Overview

Termite Control Market size is forecast to reach around $5 billion by 2025, after growing at a CAGR of 5.5% during 2020-2025. Increase in construction activities accelerated the use of wooden articles, doors, and furniture, which in turn boosted the use of termite control chemicals for the destruction of termites. Surging use of termite control for the protection of harvested crops also augments the growth of Termite Control market share. Termites result in accumulation of organic matter and decrease the pH value of soil, which further affects the growth of crops. In addition, harmful effect of chemicals and government restriction is restraining the growth of Termite Control market size.

Report Coverage

The report: “Termite Control Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of Termite Control Industry.
By Termite: Subterranean termites, Drywood termites, Dampwood termites, Formosan termites, and others
By Control Method: Chemical (Fipronil, Imidacloprid, Hexaflumuron, Permethrin, Bifenthrin and Others), Biological (Nematodes and Fungi), and Physical & Mechanical
By End Use: Residential, Commercial, Industrial, Agricultural & Livestock Farms, and Others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • Government restrictions on the use of chemical based termiticide are hampering the growth of termite control industry growth. For instance, on March 25, 2019, the Ministry of Agriculture and Rural Affairs (MoARA) of China banned the agricultural use of fipronil in China.
  • Research activities and adoption of biological agents for the destruction of termites without harming the environment is driving the growth of termite control market.
  • Growing urbanization in the emerging country is also drive the market growth.

Type - Segment Analysis

Subterranean termites segment holds the largest share of more than 30% in the termite control market in 2019. Subterranean termites live underground and cause more damage than dry wood termites. Subterranean termite grows rapidly and destroys home foundations, support beams, plastic pipes, insulation, and more. Increase in construction activities accelerated the use of termite control agents to protect wooden frames in houses and buildings. Moreover, subterranean termite also damages the crops such as maize, rice, sorghum, yam and millets, thus owing the need for termite control chemicals or agents.

Method of Control – Segment Analysis

Based on the method of control, chemical segment holds the largest share of more than 45% in the termite control market in 2019. Chemicals are preferred over biological agent due to its effectiveness and ability to destroy termite faster. Chemicals such as Hexaflumuron and Imidacloprid acts on the central nervous system, disrupts the termite's ability to shed its exoskeleton and inhibits their growth. Disruption or change in metabolic, developmental or other physiological functioning within termite results in death. Thus efficacy of chemical based termite protection is driving the growth of market.

By End Use – Segment Analysis

Based on the end use, residential segment holds the largest share of more than 35% in the termite control market in 2019. Increase in residential constructions escalated the use of wood products for manufacturing furniture, door and window frames, utility service poles, building poles and retaining walls. According to the Food and Agricultural Organisation of United States, global production of round wood grew by 3% and reached 3,971 million m3 in 2018. Thus, increase in demand of wooden products may accelerate the use of termite control agents for the elimination of termites and wood eating insects.

The outbreak of COVID-19 pandemic has impacted the growth of termite control market. Industries have stopped the production of chemicals due to shortage of labors. Government imposed lockdown due to which construction activity decreased globally. Decrease in construction activities lowered the demand of termite control agents which in turn hampered the growth of termite control market. Furthermore, disruption of supply chain resulted in late deliveries, substantially affecting the growth of termite control market.

Geography - Segment Analysis

North America has dominated the termite control market with a share of more than 35% in 2019 followed by Asia Pacific and Europe. Rapid population growth coupled with increase in construction of houses and building has driven the growth of termite control market in North America. National Pest Management Association estimated that termite causes $5 billion in property damage in the U.S every year. The U.S. housing sector is a key driver of demand for wood products. According to United States Census Bureau, out of 903,000 single-family homes completed in 2019, 814,000 were framed in wood and 86,000 were framed using concrete. Thus, increasing use of wood for construction has boosted the demand of termite control for eradication of pests and termites.  

Drivers – Termite Control Market

Growing demand of termite control for protection of crops

Termite damages the crops especially maize and millets by affecting roots and stems of the plant. An increase in demand for crop has boosted the use of termite control agents. According to the Organisation for Economic Co-operation and Development (OCED), global maize production is projected to increase the most by 181 Mt, followed by wheat (+86 Mt) by 2028. An increase in the production of crops also increased the use of termite protection chemicals for the suppression of termite population. Use of termiticide during storage of harvested crops for the protection of crops also augments the growth of market. 

Surging uses of paper as a substitute for plastic products

Plastics are degradable and has adverse impact on environment. Increase in environmental concerns has led people to use eco-friendly products which has minimal or no impact on environment. Surging demand for paper as an alternative to plastics has driven the growth of the termite control market. Paper based products contain cellulose which is what the termites feed on. Therefore, increasing use of paper boost the demand for termite control chemicals. Moreover, government regulations to promote paper products and minimize plastic use are aiding the market growth. For instance California has introduced regulation known as SB270 in July 2015 for prohibiting use of plastic bags at groceries, pharmacies and other stores. Also, in February 2019, in European Parliament members were voted as 571-53 in favor of the single-use plastics ban like plastic cutlery, cotton buds, straws and stirrers.

Challenges –Termite Control Market

  • Alternative of wood and harmful effect of termite control chemicals

Although woods are widely used for construction of houses but when it comes to durability and strength, steel and concrete are preferred. Steel and concrete based structures are shock and impact resistance. Increase in use of steel for construction activities has decreased the use of wood which in turn hampered the growth of termite control market. Exposure to termite control chemicals may cause anxiety, loss of memory, and loss of appetite, disorientation, depression, weakness and headache in humans. Moreover, government restrictions on the use of termite control chemicals also hamper the growth of market. For instance, In 2013 European Union has restricted the use of three neonicotinoids (clothianidin, imidacloprid and thiamethoxam) and the pyrazole fipronil.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the termite control market report. In 2019, the market of termite control has been consolidated by the top 10 companies accounting for xx% of the share. Major players in the termite control industry outlook are Bayer AG, BASF SE, Syngenta AG, FMC Corporation, United Phosphorus Limited, DuPont de Nemours, Inc., Nufarm Ltd., Dow AgroSciences LLC, Gowan Company, Terminix International Company, Kemin Crop Technologies, among others.

Acquisitions/Technology Launches

  • In May 2020, BASF SE has launched Trelona® Advance Termite Baiting System. These bait stations that are easy to install and improves efficiencies through a unique and highly potent active ingredient.
  • In April 2019, Terminix and a ServiceMaster company has launched Terminix Tick Defend System. It is an integrated pest management system that protects yards and homes from termite and tick infestations.

1. Termite Control Market - Overview
        1.1 Definitions and Scope
2. Termite Control Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Termite Control Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Termite Control Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Termite Control Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Termite Control Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Termite Control Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Termite Control Market - By Species Type (Market Size -$Million / $Billion)
8.1 Subterranean Termites 
8.2 Drywood Termites 
8.3 Dampwood Termites 
8.4 Others
9. Termite Control Market - By Control Method (Market Size -$Million / $Billion)
9.1 Chemical Control Methods 
    9.1.1 Synthetic Pyrethroids
    9.1.2 Chlorinated Hydrocarbons
    9.1.3 Phenylpyrazole
    9.1.4 Chloronicotinyl
    9.1.5 Organophosphates
    9.1.6 Others
9.2 Physical & Mechanical Control Methods 
    9.2.1 Pitfall
    9.2.2 Termite Barriers
    9.2.3 Bait Technology
9.3 Biological Control Methods 
    9.3.1 Microbials
    9.3.2 Botanicals
    9.3.3 Nematode Control
9.4 Other Control Methods
10. Termite Control - By Application (Market Size -$Million / $Billion)
10.1 Commercial & Industrial 
10.2 Residential 
10.3 Agriculture & Livestock Farms 
10.4 Other Applications
11. Termite Control- By Geography (Market Size -$Million / $Billion)
        11.1 Termite Control Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Termite Control- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Termite Control- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Termite Control - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Termite Control - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Termite Control Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Termite Control Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Termite Control Market - Key Company List by Country Premium
15. Termite Control Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Adama Agricultural Solutions Ltd.
        15.3 BASF SE
        15.4 Bayer Cropscience AG
        15.5 Control Solution Inc.
        15.6 Ensystex
        15.7 FMC Corporation
        15.8 Nippon Soda Co. Ltd
        15.9 Nufarm Limited
        15.10 Rentokil Initial PLC
        15.11 Syngenta AG
        15.12 The DOW Chemical Company
        15.13 United Phosphorus Limited
        15.14 Company 13
        15.15 Company 14 & More
*Financials would be provided on a best efforts basis for private companies
16. Termite Control Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Termite Control Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends