Increasing Demand for Termite Control Products to Augment the Termite Control Market Growth


 

Termites don't fit in with the class of mites and are commonly called ants. Termites live all over the world and are found in wood, soil, decayed leaves, stems, and plants. A termite colony is often consists of a single queen and a large number of soldier ants. It is the work of the worker ants to forage on the foundation of food and defend the colony from external predators. Various mechanical, physical, biological, and chemical methods are accustomed to control termite infestation. A fluid termite treatment using Termidor is the top method for treatment, it just become a barrier involving the structure and termites.

Market Dynamics:

Favorable government initiatives to increase awareness among people about termite control items are likely to augment the growth of the Termite Control Market. As an example, the United States Environmental Protection Agency (EPA) encourages termite prevention through various awareness programs and has implemented stringent standards for the registration and use of termite control products. Moreover, in February 2021, Professional Pest Management Alliance (PPMA) encouraged pest management professionals (PMPs) to take part in the annual observance of Termite Awareness Week 2021.

Furthermore, increasing demand for termite control products from the tourism and hospitality sectors and increasing popularity of innovative products is likely to propel the growth of the Termite Control Market.

However, stringent government regulations regarding the use of certain pesticides are likely to restrain the growth of the Termite Control Market. As an example, in Japan, restricted the use of chlordane and heptachlor in termite control due to its harmful effects on environment and human health. Furthermore, based on Indian Pest Control Association, the Insecticides Act aids in regulating the import, registration process, manufacturing, and use of insecticides to avoid risk to humans and animals. Most of the insecticides undergo the registration process with Central Insecticides Board & Registration Committee (CIB & RC) before its use.

Moreover, the high cost of research and development and growing resistance of termites to regulate products is likely to hamper the Termite Control Market growth.

Competitive Analysis:



Major players operating in the termite control market are Ensystex, Adama Agricultural Solutions Ltd., Rentokil Initial PLC., Nippon Soda Co. Ltd., Nufarm Limited, United Phosphorus Ltd., FMC Corporation, Sumitomo Chemical Co., Ltd., DOW Chemical Company, Bayer AG, and BASF SE.

Major players available in the market are adopting various strategies, such as for instance product launch, business expansion, etc., to expand their product portfolio. As an example, in May 2020, BASF launched the Trelona Advance Termite Baiting System (ATBS), which can be obtained for use by licensed pest controllers throughout Australia.


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