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The termite control market share is expected to increase by USD 1.20 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.48%.
This termite control market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the termite control market segmentation by application (commercial, residential, agriculture, and others) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The termite control market report also offers information on several market vendors, including Annex Pest Control, Anticimex International AB, Aptive Environmental LLC, Arrow Exterminators Inc, BASF SE, China National Chemical Corp. Ltd., Dodson Pest Control Inc., Dow Inc., Dynamic Sanito SEA Pte. Ltd, Ecolab Inc., FMC Corp., Green Pest Solutions, Lifecycle Pest Control and Sanitization Services, Lloyd Pest Control, Massey Services Inc., Nikkei Inc., Pelsis Ltd., Rentokil Initial Plc, Rollins Inc., SANIX Inc., and Sumitomo Chemical Co. Ltd. among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the termite control market. During the COVID-19 pandemic, the termite control market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Termite Control Market Driver
Increasing demand from the agriculture sector is one of the factors driving the termite control market growth. The sugarcane termite prevents sugarcane setts from germinating properly, and when it attacks mature sugarcane, the cane is covered in mud tunnels, which frequently forces farmers to remove the stalks as plants get close to maturity. In East Africa, this termite is a significant pest in sugarcane plantations. Other termite species can also significantly harm sugarcane; in cases of severe infestation, no shoots will develop, and there are noticeable gaps left in the crop. Thus, the increasing attacks of termites in agricultural fields will induce farmers to adopt termite control products and services to save the crops cultivated in the fields. Thus, the increasing demand from the agricultural sector will boost the growth of the market during the forecast period.
Key Termite Control Market Trend
The growing hospitality, pharmaceutical, and food processing industries are one of the key termite control market trends fueling the market growth. The pharmaceutical and hospitality industries must adhere to stringent health and safety regulations. Therefore, the demand for termite control from these sectors has been on a growth trajectory over the years. Meanwhile, the food processing industry is highly competitive and demands the most stringent standards for quality and hygiene. Vendors such as Rentokil Initial provide termite control services for the hospitality, pharmaceutical, and food processing industries. Thus, the demand for termite control services has grown significantly in these industries globally, which will increase the demand for termite control services during the forecast period.
Key Termite Control Market Challenge
The increasing availability of DIY termite control products is one of the key factors challenging the termite control market's growth. Various manufacturers of termite control products are selling their products through offline stores such as hypermarkets and supermarkets and through online retailers, including Amazon.com. The high cost associated with professional termite control services encourages the use of DIY termite control products. Moreover, consumer preference for organic termite control products and an increase in the availability of effective products have led many consumers to prefer these over professional termite control services. Thus, the increasing availability of DIY termite control products is hindering the adoption of professional termite control services.
This termite control market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global termite control market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the termite control market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the termite control market encompasses successful business strategies deployed by the key vendors. The termite control market is fragmented, and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report on the termite control market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the termite control market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for the termite control market in North America. Market growth in this region will be slower than the growth of the market in APAC.
Stringent environmental regulations will facilitate the termite control market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 negatively impacted the growth of the regional market. However, large-scale vaccination drives and the resumption of supply chain operations in the termite control market revived the growth of the market in focus to a certain extent. Moreover, the reopening of commercial and industrial spaces and increasing demand from end-user industries are anticipated to drive the growth of the market during the forecast period.
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The termite control market share growth in the commercial segment will be significant during the forecast period. The commercial segment was the largest segment of the global termite control market in 2021 and will continue to remain the largest segment during the forecast period. The stringent regulatory requirements to keep the threat of termite infestation under control lead to the high demand for termite control services from the commercial sector. Audits are mandatory by many government authorities for certifications, such as ISO 9001 and ISO 22000, in the commercial sector. Such factors in the commercial segment will boost market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the termite control market size and actionable market insights on the post-COVID-19 impact on each segment.
Termite Control Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.48% |
Market growth 2022-2026 |
$1.20 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.77 |
Regional analysis |
North America, Europe, APAC, the Middle East and Africa, and South America |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Annex Pest Control, Anticimex International AB, Aptive Environmental LLC, Arrow Exterminators Inc, BASF SE, China National Chemical Corp. Ltd., Dodson Pest Control Inc., Dow Inc., Dynamic Sanito SEA Pte. Ltd, Ecolab Inc., FMC Corp., Green Pest Solutions, Lifecycle Pest Control and Sanitization services, Lloyd Pest Control, Massey Services Inc., Nikkei Inc., Pelsis Ltd., Rentokil Initial Plc, Rollins Inc., SANIX Inc., and Sumitomo Chemical Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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