The termite control market has grown strongly in recent years. It will grow from $5.16 billion in 2023 to $5.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be ascribed to the increase in professional pest control services, advancements in chemical treatments, the emergence of baiting systems, the impact of climate and weather, and initiatives focused on awareness and education.
The termite control market is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be linked to the expansion of professional services, the development of targeted treatments, the integration of pest management programs, the growth in the construction industry, and the imposition of stringent regulatory requirements. Major trends expected in the forecast period encompass increased demand in the construction industry, a focus on environmentally friendly solutions, the adoption of advanced treatment technologies, the rise in urbanization, and the impact of climate change.
The continued expansion of the construction industry is a significant driver of the termite control market's growth. The construction industry, involving the business and manufacturing activities related to building, maintaining, and repairing infrastructure, relies on termite control to prevent and manage termite infestations that can compromise building structures and construction quality. For example, based on a 2022 report from the Bureau of Economic Analysis (BEA), a U.S. government organization providing official macroeconomic and industry statistics, the size of the U.S. construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Consequently, the expanding construction industry is expected to propel the termite control market.
The rising incidence of termite infestations is anticipated to drive the growth of the termite control market in the future. Termite infestations involve the presence and colonization of termites in a location, typically a building or its surroundings. Termite control encompasses managing such infestations through a combination of targeted treatments, regular inspections, and preventive measures. As an illustration, a report by Pest Ex, an Australia-based pest control and termite treatment company, revealed that termites infest and damage approximately one in five homes in Australia annually, affecting 130,000 to 180,000 Australian buildings. Hence, the increasing prevalence of termite infestations is a key factor propelling the termite control market.
Product innovations stand out as a key trend gaining traction in the termite control market. Major companies in the termite control sector are concentrating on incorporating new technologies and methodologies to enhance the effectiveness of termite control applications. For instance, in October 2023, Groupe Berkem, a chemical manufacturing company based in France, introduced Novaterm. Tailored exclusively for termite control specialists, Novaterm represents a twofold innovation in trap systems. Firstly, it empowers termite control professionals with greater autonomy and productivity through a smartphone application, enabling efficient trip planning and regulation of traps and biocides tracking. Secondly, Groupe Berkem integrates its Synerkem technology, a plant-based booster, into Novaterm, ensuring comparable performance while significantly reducing the use of traditional biocides.
Major companies in the termite control market are embracing a strategic partnership approach with the goal of enhancing sales, marketing, business development, and operational infrastructure to foster long-term growth. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in December 2023, Shore Capital Partners, LLC, a U.S.-based private equity firm, announced a partnership with ACTION Termite & Pest Control. Shore Capital Partners aims to substantially expand ACTION's presence in the dynamic and ever-evolving pest management sector by leveraging the company's strong market position and extensive industry expertise. Through new alliances and the implementation of organic development methods, ACTION and Shore will jointly explore growth opportunities, while also committing to funding ACTION's personnel and facilities to guide the business toward sustained success. ACTION Termite & Pest Control is a U.S.-based pest control company.
In September 2022, BUGCO Pest Control, a U.S.-based pest control company, acquired Termite Technology & Pest Control for an undisclosed amount. This acquisition enhances BUGCO's service offerings by adding termite control services to its repertoire, broadening the array of amenities it can provide clients. The move aligns with Termite Technology & Pest Control's strong corporate heritage and culture. Termite Technology & Pest Control is a U.S.-based pest and termite control solution.
Major companies operating in the termite control market report are Adama Agricultural Solutions Ltd., BASF SE, Bayer CropScience AG, Control Solutions Inc., Ensystex Inc., FMC Corporation, Nippon Soda Co. Ltd., Nufarm Limited, Rentokil Initial plc, Syngenta AG, The Dow Chemical Company, UPL Limited, Annex Integrated Management Private Limited, Anticimex AB, Aptive Environmental LLC, Pelsis Ltd., Home Paramount Pest Control Inc., Rollins Inc., The Terminix International Company LP, Arrow Exterminators Inc., Ecolab Inc., Massey Services Inc., Western Exterminator Company, Orkin LLC, McCloud Co., Rose Exterminator Co., Plunkett's Pest Control Inc., ABC Home & Commercial Services Inc., Cook's Pest Control Inc., Northwest Exterminating Co. Inc.
North America was the largest region in the termite control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global termite control market report during the forecast period. The regions covered in the termite control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the termite control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of termite control include chemical termite control, physical and mechanical termite control, and biological termite control. Chemical termite control employs chemicals to eliminate termites and is applicable to various termite species, including damp-wood termites, subterranean termites, dry-wood termites, among others. This method finds application in various sectors such as commercial, residential, agriculture, and more.
The termite control market research report provides termite control market statistics, including termite control industry global market size, regional shares, competitors with a termite control market share, detailed termite control market segments, market trends and opportunities, and any further data you may need to thrive in the termite control industry. This termite control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The termite control market includes revenues earned by entities by providing pre-construction termite treatment services and post-construction termite control services. The market value includes the value of related goods sold by the service provider or included within the service offering. The termite control market consists of sales of Diflubenzuron, Hexaflumuron and Hydramethylnon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The termite control market is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be linked to the expansion of professional services, the development of targeted treatments, the integration of pest management programs, the growth in the construction industry, and the imposition of stringent regulatory requirements. Major trends expected in the forecast period encompass increased demand in the construction industry, a focus on environmentally friendly solutions, the adoption of advanced treatment technologies, the rise in urbanization, and the impact of climate change.
The continued expansion of the construction industry is a significant driver of the termite control market's growth. The construction industry, involving the business and manufacturing activities related to building, maintaining, and repairing infrastructure, relies on termite control to prevent and manage termite infestations that can compromise building structures and construction quality. For example, based on a 2022 report from the Bureau of Economic Analysis (BEA), a U.S. government organization providing official macroeconomic and industry statistics, the size of the U.S. construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Consequently, the expanding construction industry is expected to propel the termite control market.
The rising incidence of termite infestations is anticipated to drive the growth of the termite control market in the future. Termite infestations involve the presence and colonization of termites in a location, typically a building or its surroundings. Termite control encompasses managing such infestations through a combination of targeted treatments, regular inspections, and preventive measures. As an illustration, a report by Pest Ex, an Australia-based pest control and termite treatment company, revealed that termites infest and damage approximately one in five homes in Australia annually, affecting 130,000 to 180,000 Australian buildings. Hence, the increasing prevalence of termite infestations is a key factor propelling the termite control market.
Product innovations stand out as a key trend gaining traction in the termite control market. Major companies in the termite control sector are concentrating on incorporating new technologies and methodologies to enhance the effectiveness of termite control applications. For instance, in October 2023, Groupe Berkem, a chemical manufacturing company based in France, introduced Novaterm. Tailored exclusively for termite control specialists, Novaterm represents a twofold innovation in trap systems. Firstly, it empowers termite control professionals with greater autonomy and productivity through a smartphone application, enabling efficient trip planning and regulation of traps and biocides tracking. Secondly, Groupe Berkem integrates its Synerkem technology, a plant-based booster, into Novaterm, ensuring comparable performance while significantly reducing the use of traditional biocides.
Major companies in the termite control market are embracing a strategic partnership approach with the goal of enhancing sales, marketing, business development, and operational infrastructure to foster long-term growth. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in December 2023, Shore Capital Partners, LLC, a U.S.-based private equity firm, announced a partnership with ACTION Termite & Pest Control. Shore Capital Partners aims to substantially expand ACTION's presence in the dynamic and ever-evolving pest management sector by leveraging the company's strong market position and extensive industry expertise. Through new alliances and the implementation of organic development methods, ACTION and Shore will jointly explore growth opportunities, while also committing to funding ACTION's personnel and facilities to guide the business toward sustained success. ACTION Termite & Pest Control is a U.S.-based pest control company.
In September 2022, BUGCO Pest Control, a U.S.-based pest control company, acquired Termite Technology & Pest Control for an undisclosed amount. This acquisition enhances BUGCO's service offerings by adding termite control services to its repertoire, broadening the array of amenities it can provide clients. The move aligns with Termite Technology & Pest Control's strong corporate heritage and culture. Termite Technology & Pest Control is a U.S.-based pest and termite control solution.
Major companies operating in the termite control market report are Adama Agricultural Solutions Ltd., BASF SE, Bayer CropScience AG, Control Solutions Inc., Ensystex Inc., FMC Corporation, Nippon Soda Co. Ltd., Nufarm Limited, Rentokil Initial plc, Syngenta AG, The Dow Chemical Company, UPL Limited, Annex Integrated Management Private Limited, Anticimex AB, Aptive Environmental LLC, Pelsis Ltd., Home Paramount Pest Control Inc., Rollins Inc., The Terminix International Company LP, Arrow Exterminators Inc., Ecolab Inc., Massey Services Inc., Western Exterminator Company, Orkin LLC, McCloud Co., Rose Exterminator Co., Plunkett's Pest Control Inc., ABC Home & Commercial Services Inc., Cook's Pest Control Inc., Northwest Exterminating Co. Inc.
North America was the largest region in the termite control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global termite control market report during the forecast period. The regions covered in the termite control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the termite control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of termite control include chemical termite control, physical and mechanical termite control, and biological termite control. Chemical termite control employs chemicals to eliminate termites and is applicable to various termite species, including damp-wood termites, subterranean termites, dry-wood termites, among others. This method finds application in various sectors such as commercial, residential, agriculture, and more.
The termite control market research report provides termite control market statistics, including termite control industry global market size, regional shares, competitors with a termite control market share, detailed termite control market segments, market trends and opportunities, and any further data you may need to thrive in the termite control industry. This termite control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The termite control market includes revenues earned by entities by providing pre-construction termite treatment services and post-construction termite control services. The market value includes the value of related goods sold by the service provider or included within the service offering. The termite control market consists of sales of Diflubenzuron, Hexaflumuron and Hydramethylnon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Termite Control Market Characteristics3. Termite Control Market Trends and Strategies31. Global Termite Control Market Competitive Benchmarking32. Global Termite Control Market Competitive Dashboard33. Key Mergers and Acquisitions in the Termite Control Market
4. Termite Control Market - Macro Economic Scenario
5. Global Termite Control Market Size and Growth
6. Termite Control Market Segmentation
7. Termite Control Market Regional and Country Analysis
8. Asia-Pacific Termite Control Market
9. China Termite Control Market
10. India Termite Control Market
11. Japan Termite Control Market
12. Australia Termite Control Market
13. Indonesia Termite Control Market
14. South Korea Termite Control Market
15. Western Europe Termite Control Market
16. UK Termite Control Market
17. Germany Termite Control Market
18. France Termite Control Market
19. Italy Termite Control Market
20. Spain Termite Control Market
21. Eastern Europe Termite Control Market
22. Russia Termite Control Market
23. North America Termite Control Market
24. USA Termite Control Market
25. Canada Termite Control Market
26. South America Termite Control Market
27. Brazil Termite Control Market
28. Middle East Termite Control Market
29. Africa Termite Control Market
30. Termite Control Market Competitive Landscape and Company Profiles
34. Termite Control Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on termite control market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for termite control? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: Chemical Termite Control; Physical And Mechanical Termite Control; Biological Termite Control
2) By Species Type: Dampwood Termites; Subterranean Termites; Drywood Termites; Other Species Types
3) By Application: Commercial And Industrial Sector; Residential Sector; Agriculture And Livestock Farms; Other Applications
Companies Mentioned: Adama Agricultural Solutions Ltd.; BASF SE; Bayer CropScience AG; Control Solutions Inc.; Ensystex Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adama Agricultural Solutions Ltd.
- BASF SE
- Bayer CropScience AG
- Control Solutions Inc.
- Ensystex Inc.
- FMC Corporation
- Nippon Soda Co. Ltd.
- Nufarm Limited
- Rentokil Initial plc
- Syngenta AG
- The Dow Chemical Company
- UPL Limited
- Annex Integrated Management Private Limited
- Anticimex AB
- Aptive Environmental LLC
- Pelsis Ltd.
- Home Paramount Pest Control Inc.
- Rollins Inc.
- The Terminix International Company LP
- Arrow Exterminators Inc.
- Ecolab Inc.
- Massey Services Inc.
- Western Exterminator Company
- Orkin LLC
- McCloud Co.
- Rose Exterminator Co.
- Plunkett's Pest Control Inc.
- ABC Home & Commercial Services Inc.
- Cook's Pest Control Inc.
- Northwest Exterminating Co. Inc.
Methodology
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