The Termite Control Market View:
The termite control market is expected to register a CAGR of 5.7% over the forecast period (2017–2025) to reach US$ 5368.78 Million by 2025,Termites are insects that are commonly known as white-ants. They form highly organized colonies of several hundred thousand to million termites and mostly feast upon wood and damage it from the inside out. Although, termites does not carry harmful disease to humans but prolonged exposure to a place infested by termites may cause allergic reactions and asthma attacks.
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.
Asia Pacific is expected to project the fastest growth in the global termite control market over the forecast period, witnessing highest CAGR among all. In addition to this, growing tourism in the region is fuelling the demand for hygienic stays in the hospitality sector among tourists. This factor is largely propelling the demand for termite services in the region.
Key features of the study:
This report provides in-depth analysis of the termite control market, market size (US$ Mn), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025).
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global termite control market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
The global termite control market report caters to various stakeholders in this industry, including investors, product developers, distributors, research institutes, new entrants, and financial analysts.
Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the termite control market.
+1 888 709 8757
Chat With Us