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

 

Termites do not belong to 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 composed of a single queen and thousands of soldier ants. It is the job of the worker ants to forage on the source of food and defend the colony from external predators. Various mechanical, physical, biological, and chemical methods are used to control termite infestation. A liquid termite treatment using Termidor is the most effective method for treatment, it simply act as a barrier between the structure and termites.

Market Dynamics:

Favorable government initiatives to increase awareness among people about termite control products are expected to augment the growth of the termite control market. For instance, 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 expected to propel the growth of the termite control market.

However, stringent government regulations regarding the use of certain pesticides are expected to restrain the growth of the termite control market. For instance, in Japan, restricted the use of chlordane and heptachlor in termite control due to its harmful effects on environment and human health. Furthermore, according to Indian Pest Control Association, the Insecticides Act aids in regulating the import, registration process, manufacturing, and use of insecticides to prevent risk to humans and animals. All 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 control products is expected 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 in the market are adopting various strategies, such as product launch, business expansion, etc., to expand their product portfolio. For instance, in May 2020, BASF launched the Trelona Advance Termite Baiting System (ATBS), which is available for use by licensed pest controllers throughout Australia.