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The global termite control market size attained a value of USD 4.51 billion in 2023. The market is further expected to grow at a CAGR of 5.60% between 2024 and 2032, to reach a value of USD 7.34 billion by 2032.
Termite control refers to the processes aimed at preventing and treating infestations of termites in or around various structures. Methods used for termite control can range from chemical and biological to physical and mechanical, among others. Termite control can be carried out preconstruction or postconstruction, depending upon the requirement.
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Based on species type, the market is segmented into dampwood termites, subterranean termites, and drywood termites, among others. The termite control market segmentation, on the basis of control method, is chemical, physical and mechanical, and biological, among others. By application, the market is categorised into commercial and industrial sector, residential sector, and agriculture and livestock farms, among others. The regional markets for termite control are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global termite control market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The chemical segment, based on control method, accounts for a healthy share of the market for termite control as using chemicals for termite eradication is a fast, reliable, and efficient way to control termites. The low cost, easy applicability, and availability of high-quality chemicals, such as chlorpyrifos, lindane, and boric acid, are enhancing their usage across the residential and agricultural sector, leading to a higher growth of this segment.
Based on region, North America is likely to emerge as a crucial area in the global market for termite control in the forecast period, due to the prevalent usage of wood as a building material for houses and buildings, resulting in greater importance of termite control. Increasing awareness across countries such as the United States and Canada, pertaining to the spread of pests and potential damage caused by termites, is fuelling the demand for termite control.
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BASF SE is a leading chemical company which develops and markets best-in-class insecticides, termiticides, and technologically advanced injections for termite control. The company was founded in 1865 and is headquartered in Ludwigshafen, Germany.
Syngenta AG is a renowned agrichemical company offering advanced agricultural science and technologies enabling end users to grow safe and nutritious foods. It was established in 2000 and headquartered in Basel, Switzerland.
Corteva Agriscience is a prominent agricultural chemical and seed company which offers solutions related to pest control, development of resilient farms, and crop protection. The company was founded in 2019 and is headquartered in Indiana, United States.
Other market players include Sumitomo Chemical Co., Ltd., FMC Corporation, UPL Limited, ADAMA Agricultural Solutions Limited, Nufarm, and Ensystex, Inc, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Species Type |
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| Breakup by Control Method |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of USD 4.51 billion in 2023.
The market is estimated to grow at a CAGR of 5.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 7.34 billion by 2032.
Increasing prevalence termite infestations, widespread usage of woods resulting in greater importance of termite control, and rapid increase in construction activities across emerging economies are the major drivers of the market.
The key termite control market trends include the employment of advanced technologies in termite control processes, efforts being made by leading market players to develop eco-friendly termite control products, and emergence of customised termite control services.
Dampwood termites, subterranean termites, and drywood termites, among others, are the different species types in the market for termite control.
Chemical, physical and mechanical, and biological, among others, are the major control methods of termite control in the market.
BASF SE, Syngenta AG, Corteva Agriscience, Sumitomo Chemical Co., Ltd., FMC Corporation, UPL Limited, ADAMA Agricultural Solutions Limited, Nufarm, and Ensystex, Inc, among others, are the key market players, according to the report.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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