Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
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.
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.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=505025
Report Price: $ 4500 (Single User License)
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.
Talk to one of our sales representative about the full report by providing your details in the link below:
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.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the termite control market report. 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.
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.
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.
Related Reports :
A. Insect Pest Control Market
B. Termite Bait Systems Market
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.
Metal Chelates Market Size Forecast to Reach $720.9 Million by 2025
Coated Fabrics Market Size Forecast to Reach $28.1 Billion by 2025
Responsible Sourcing Software Market Size to Grow at a CAGR of 7.25% During 2020–2025
Octocrylene Market Size Forecast to Reach $8.8 Million by 2025
Benzene and Methylbenzenes Market Size Forecast to Reach $30.34 Billion by 2025