Global Termite Bait System Market, By Termite Type (Subterranean, Dampwood and Drywood), Station Type (In-Ground and Above-Ground), Type (Bait Devices and Liquid Eradication Methods), Distribution Channel (Online and Offline), Application (Commercial & Industrial, Residential and Agriculture & Livestock Farms), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Hungary, Turkey, Rest Of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Israel, U.A.E., Saudi Arabia, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Termite Bait System Market
Termite bait system market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.80% in the above-mentioned forecast period. Increase in demand of termite bait system has been directly impacting the growth of termite bait system market.
Termite baits contain a small amount of wood and pesticides which helps to slow down the growth of termites. Termite baits also consist of cardboard, paper, or other acceptable termite food, combined with a slow-acting substance lethal to termites. It also acts as an insect growth regulator. Termite treatment in housing areas is done with a topsoil-applied liquid termiticide.
Various strategies which are utilized to control the termite population, including liquid chemical barriers and baiting stations is the main driving factor for the termite bait system market. Different liquid chemical barriers such as anti-agents are used to create a barrier and under structures, to square, the potential courses of termite passage are also as a driver for the termite bait system market. Increased management of pests to maintain consumer health and hygiene is an opportunity for the market. Expenditure on preventing measures for the protection of households is also an opportunity for the termite bait system market.
Higher cost of installing a termite bait system is a challenge for the growth of termite bait system market. However, higher maintenance cost as compared to conventional chemical treatments is the main restraint for termite bait system market during the forecast period of 2021-2028.
This termite bait system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research termite bait system market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In January 2018, Rollins, Inc., the first global consumer and retail company, announced that the company, through its wholly-owned company Orkin, has expanded its presence in South America, Europe, and Africa by adding six new franchises in the second half of 2017. With this, the company has expanded its reach to its customers.
Termite Bait System Market Scope and Market Size
Termite bait system market is segmented on the basis of termite type, station type, type, distribution channel and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on termite type, the termite bait system market is segmented into subterranean, dampwood and drywood.
- Termite bait system market has also been segmented based on station type, into in-ground and above-ground.
- Based on type, the termite bait system market is segmented into bait devices and liquid eradication methods.
- Based on distribution channel, the termite bait system market is segmented into online and offline.
- Based on application, the termite bait system market is segmented into commercial & industrial, residential and agriculture & livestock farms.
Termite Bait System Market Country Level Analysis
Termite bait system market is analysed and market size insights and trends are provided by country, termite type, station type, type, distribution channel and application as referenced above.
The countries covered in the termite bait system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the termite bait system market due to increased usage of termite bait systems is higher in the residential sector due to the presence of large number of wooden houses, consumer awareness, and the strong presence & consumer reach of service providers in this region. Increase in dominance of the commercial & industrial segment is also a growing factor in this region, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to favourable climatic conditions and warmer temperature in this region for the breeding of many types of termites. Increase in prevalence of termite control products and services and fastest-growing economies with increased urbanization is escalating the growth of market in this region.
The country section of the termite bait system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Termite Bait System Market Share Analysis
Termite bait system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to termite bait system market.
The major players covered in the termite bait system market report are The Terminix International Company Limited Partnership., Syngenta AG, Sumitomo Chemical Co., Ltd., Spectrum Brands Holdings, Inc., Rollins, Inc., Arrow Exterminators, Inc., BASF SE, Bayer AG, DuPont, Ensystex, PCT International, Inc., Rentokil Initial PLC, Sbm Life Science Corp., CORTEVA., Hulett Environmental Services., Eco-Safe, Terminix., Oldham Chemical Company., Cowleys Pest Services, Petri Pest Control., BLUE CHIP EXTERMINATING among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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