Global Termite Bait Systems Market 2018-2023: Higher Preference of Innovative and Sustainable Products Among Customers

Global Termite Bait Systems Market 2018-2023: Higher Preference of Innovative and Sustainable Products Among Customers
Global Termite Bait Systems Market 2018-2023: Higher Preference of Innovative and Sustainable Products Among Customers

DUBLIN, Aug. 21, 2018 /PRNewswire/ —

The “Termite Bait Systems Market by Termite Type (Subterranean, Dampwood, Drywood), Station Type (In-Ground, Above-Ground), Application (Commercial & Industrial, Residential, Agriculture & Livestock Farms), and Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The termite bait systems market is estimated to be USD 260.8 million in 2018 and is projected to reach USD 342.5 million by 2023, at a CAGR of 5.60%

The environmental benefits associated with termite bait systems are a major factor contributing to the growth of this market, globally. Due to the growing housing market and increasing prevalence of termite population due to the poor building practices, the market for termite bait systems is projected to grow in the coming years.

The termite bait systems market is a relatively small sector in the termite control industry; however, the market has been growing at a significant rate due to the increasing need for effective termite management with less toxic methods in different sectors such as commercial and residential, in developed countries.

Subterranean termites occur in greater numbers in warm countries in the southern hemisphere. They infest homes from the ground level; it is easier to prevent subterranean termite infestations than drywood termite infestations. The most common control measures for subterranean termite infestations include placing bait stations around the house. Therefore, with respect to termite type, subterranean termites are estimated to dominate the termite bait systems market in 2018. This is due to the strong demand for these products & services in the North American and Asia Pacific regions.

The termite bait systems market, in terms of station type, is estimated to be dominated by in-ground bait stations in 2018. The main function of the in-ground station type is to monitor termite activities below the ground level of and around homes and apartments. Since subterranean termite species are predominantly found below the ground, consumers give high preference to in-ground termite bait stations. The convenience in the use of these products is a major reason supporting the acceptance of in-ground bait stations among consumers.

In this report, on the basis of application, the market has been segmented into commercial & industrial, residential, agriculture & livestock farms, and others that include forestry, storage, and transport facilities. The commercial & industrial segment is estimated to account for the largest share in 2018. This dominance can be attributed to the need to avoid heavy infrastructure losses from termite damage in the commercial & industrial sector.

Termite Bait Systems Market

North America accounted for the largest share in 2017; followed by Asia Pacific, owing to the growing adoption of termite bait systems in countries such as the US, Canada, Australia, and China. Subterranean termites are widespread in North America and responsible for 90% of the management and damage costs in the US. In addition, the use of termite bait systems is high in the residential sector due to the presence of a large number of wooden houses, consumer awareness, and the strong presence & consumer reach of service providers in this region. Thus, the North American region dominated the termite bait systems market in 2017.

Factors driving the growth of the termite bait systems market are its environment-friendly nature, convenient application process, and changing climatic conditions that fuel the prevalence of termite attacks.

The major factors restraining the growth of the termite bait systems market are the high initial investment, renewal costs for contract maintenance, and lack of awareness. However, the market has strong prospects in the coming years, such as high consumer preference for innovative and sustainable products, and growing market opportunities in urban residential areas.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Termite Bait Systems Market

4.2 Market For Termite Bait Systems, By Station Type & Region, 2018

4.3 Asia Pacific Termite Bait Systems Market, By Application & Country, 2017

4.4 Market For Termite Bait Systems, Top 10 Countries

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Environmentally Safe and Convenient Application Process

5.2.1.2 Changing Climatic Conditions Increase the Need to Avert Termite Invasion

5.2.2 Restraints

5.2.2.1 High Initial Investment and Contract Maintenance

5.2.2.2 Lack of Awareness & Low Adoption Rate

5.2.3 Opportunities

5.2.3.1 Higher Preference of Innovative and Sustainable Products Among Customers

5.2.3.2 Growing Market Opportunities in Urban Residential Areas

5.2.3.3 Growing Market Consolidation Activities Would Improve Customer Reach and Service Quality

5.2.4 Challenges

5.2.4.1 Effects are Relatively Slow as Compared to Liquid Chemical Barriers

5.3 Regulatory Framework

5.3.1 Introduction

5.3.2 Us

5.3.3 Canada

5.3.4 European Union

5.3.5 UK

5.3.6 Australia

6 Termite Bait Systems Market, By Termite Type

6.1 Introduction

6.2 Subterranean Termites

6.3 Dampwood Termites

6.4 Drywood Termites

6.5 Other Termite Types

7 Termite Bait Systems Market, By Station Type

7.1 Introduction

7.2 In-Ground

7.3 Above-Ground

8 Termite Bait Systems Market, By Application

8.1 Introduction

8.2 Commercial & Industrial

8.3 Residential

8.4 Agriculture & Livestock Farms

8.5 Other Applications

9 Termite Bait Systems Market, By Region

9.1 Introduction

9.2 North America

9.2.1 US

9.2.2 Canada

9.2.3 Mexico

9.3 Asia Pacific

9.3.1 Australia

9.3.2 China

9.3.3 Japan

9.3.4 Rest of Asia Pacific

9.4 South America

9.4.1 Brazil

9.4.2 Argentina

9.4.3 Rest of South America

9.5 Europe

9.5.1 France

9.5.2 Italy

9.5.3 Spain

9.5.4 Rest of Europe

9.6 Rest of the World (RoW)

9.6.1 South Africa

9.6.2 Egypt

9.6.3 Others in RoW

10 Competitive Landscape

10.1 Overview

10.2 Company Rankings

10.2.1 Termiticide (Bait) Manufacturers

10.2.2 Termite Control Service Providers

10.3 Competitive Scenario

10.3.1 New Product Launches

10.3.2 Expansions

10.3.3 Mergers & Acquisitions

10.3.4 Agreements, Collaborations, and Joint Ventures

11 Company Profiles

11.1 Termite Bait Manufacturers

11.1.1 Dowdupont

11.1.2 BASF

11.1.3 Bayer AG

11.1.4 Sumitomo Chemical Co., Ltd.

11.1.5 Syngenta

11.1.6 Spectrum Brands, Inc.

11.1.7 Ensystex

11.1.8 Pct International

11.2 Termite Control Service Providers

11.2.1 Rentokil Initial Plc

11.2.2 Rollins, Inc.

11.2.3 The Terminix International Company LP

11.2.4 Arrow Exterminators, Inc.

12 Appendix

List of Tables

Table 1 USD Exchange Rate, 2013-2017

Table 2 Price Comparison Between Termite Bait and Liquid Termiticide, 2017

Table 3 Termite Bait Systems Market Size, By Termite Type, 2016-2023 (USD Million)

Table 4 Market Size For Subterranean Termite Bait Systems, By Region, 2016-2023 (USD Million)

Table 5 Market Size For Dampwood Termite Bait Systems, By Region, 2016-2023 (USD Million)

Table 6 Market Size For Drywood Termite Bait Systems, By Region, 2016-2023 (USD Million)

Table 7 Termite Bait Systems Market Size for Other Termite Types, By Region, 2016-2023 (USD Million)

Table 8 Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 9 Market Size For In-Ground Termite Bait Systems, By Region, 2016-2023 (USD Million)

Table 10 Market Size For Above-Ground Termite Bait Systems, By Region, 2016-2023 (USD Million)

Table 11 Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 12 Termite Bait Systems Market Size for Commercial & Industrial Applications, By Region, 2016-2023 (USD Million)

Table 13 Termite Bait Systems Market Size for Residential Applications, By Region, 2016-2023 (USD Million)

Table 14 Termite Bait Systems Market Size for Agriculture & Livestock Farm Applications, By Region, 2016-2023 (USD Million)

Table 15 Termite Bait Systems Market Size for Other Applications, By Region, 2016-2023 (USD Million)

Table 16 Termite Bait Systems Market Size, By Region, 2016-2023 (USD Million)

Table 17 North America: Market Size For Termite Bait Systems, By Country, 2016-2023 (USD Million)

Table 18 North America: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 19 North America: Market Size For Termite Bait Systems, By Termite Type, 2016-2023 (USD Million)

Table 20 North America: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 21 US: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 22 US: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 23 Canada: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 24 Canada: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 25 Mexico: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 26 Mexico: Termite Bait Systems Market Size, By Application, 2016-2023 (USD Million)

Table 27 Asia Pacific: Market Size For Termite Bait Systems, By Country, 2016-2023 (USD Million)

Table 28 Asia Pacific: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 29 Asia Pacific: Market Size For Termite Bait Systems, By Termite Type, 2016-2023 (USD Million)

Table 30 Asia Pacific: Termite Control Market Size, By Application, 2016-2023 (USD Million)

Table 31 Australia: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 32 Australia: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 33 China: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 34 China: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 35 Japan: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 36 Japan: Termite Bait Systems Market Size, By Application, 2016-2023 (USD Million)

Table 37 Rest of Asia Pacific: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 38 Rest of Asia Pacific: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 39 South America: Market Size For Termite Bait Systems, By Country, 2016-2023 (USD Million)

Table 40 South America: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 41 South America: Market Size For Termite Bait Systems, By Termite Type, 2016-2023 (USD Million)

Table 42 South America: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 43 Brazil: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 44 Brazil: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 45 Argentina: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 46 Argentina: Termite Bait Systems Market Size, By Application, 2016-2023 (USD Million)

Table 47 Rest of South America: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 48 Rest of South America: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 49 Europe: Market Size For Termite Bait Systems, By Country, 2016-2023 (USD Million)

Table 50 Europe: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 51 Europe: Market Size For Termite Bait Systems, By Termite Type, 2016-2023 (USD Million)

Table 52 Europe: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 53 France: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 54 France: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 55 Italy: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 56 Italy: Termite Bait Systems Market Size, By Application, 2016-2023 (USD Million)

Table 57 Spain: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 58 Spain: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 59 Rest of Europe: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 60 Rest of Europe: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 61 RoW: Market Size For Termite Bait Systems, By Country, 2016-2023 (USD Million)

Table 62 RoW: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 63 RoW: Market Size For Termite Bait Systems, By Termite Type, 2016-2023 (USD Million)

Table 64 RoW: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 65 South Africa: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 66 South Africa: Termite Bait Systems Market Size, By Application, 2016-2023 (USD Million)

Table 67 Egypt: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 68 Egypt: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 69 Others in RoW: Market Size For Termite Bait Systems, By Station Type, 2016-2023 (USD Million)

Table 70 Others in RoW: Market Size For Termite Bait Systems, By Application, 2016-2023 (USD Million)

Table 71 Company Rankings for Termiticide (Bait) Manufacturers

Table 72 Company Rankings for Termite Control Service Providers

Table 73 New Product Launches, 2014-2017

Table 74 Expansions, 2013-2018

Table 75 Mergers & Acquisitions, 2015-2018

Table 76 Agreements, Collaborations, and Joint Ventures, 2014-2017

List of Figures

Figure 1 Termite Bait Systems Market Segmentation

Figure 2 Regional Segmentation

Figure 3 Termite Bait Systems: Research Design

Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region

Figure 5 Market Size Estimation Methodology: Top-Down Approach

Figure 6 Market Size Estimation Methodology: Bottom-Up Approach

Figure 7 Data Triangulation Methodology

Figure 8 Market For Termite Bait Systems, By Station Type, 2018 vs. 2023

Figure 9 Termite Bait Systems Market, By Application, 2018 vs. 2023

Figure 10 Market For Termite Bait Systems, By Termite Type, 2018 vs. 2023

Figure 11 Termite Bait Systems Market: Regional Snapshot

Figure 12 Rise in Annual Global Temperatures are Expected to Accelerate Termite Proliferation

Figure 13 Strong Demand Witnessed for In-Ground Termite Bait Systems in North America, 2018

Figure 14 Asia Pacific: Commercial & Industrial Segment Witnessed High Demand in 2017

Figure 15 US and Australia: Important Markets for Termite Bait Systems, 2017

Figure 16 Termite Bait Systems Market: Drivers, Restraints, Opportunities, and Challenges

Figure 17 Rise in Global Temperature Influences Termite Proliferation

Figure 18 Market Size For Termite Bait Systems, By Termite Type, 2018 vs. 2023 (USD Million)

Figure 19 Market Size For Termite Bait Systems, By Station Type, 2018 vs. 2023 (USD Million)

Figure 20 Termite Bait Systems Market Size, By Application, 2018 vs. 2023 (USD Million)

Figure 21 Brazil is Projected to Be the Fastest-Growing Market, 2018-2023

Figure 22 North America: Market Snapshot

Figure 24 Key Developments By Leading Players in the Market For Termite Bait Systems, 2013-2018

Figure 25 Dowdupont: Company Snapshot

Figure 26 Dowdupont: SWOT Analysis

Figure 27 BASF: Company Snapshot

Figure 28 BASF: SWOT Analysis

Figure 29 Bayer AG: Company Snapshot

Figure 30 Bayer AG: SWOT Analysis

Figure 31 Sumitomo Chemical Co., Ltd.: Company Snapshot

Figure 32 Sumitomo Chemical Co., Ltd.: SWOT Analysis

Figure 33 Syngenta: Company Snapshot

Figure 34 Syngenta: SWOT Analysis

Figure 35 Spectrum Brands, Inc.: Company Snapshot

Figure 36 Rentokil Initial Plc.: Company Snapshot

Figure 37 Rentokil Initial Plc.: SWOT Analysis

Figure 38 Rollins, Inc.: Company Snapshot

Figure 39 The Terminix International Company LP: Company Snapshot

Companies Mentioned

  • Dowdupont
  • BASF
  • Bayer AG
  • Sumitomo Chemical Co., Ltd.
  • Syngenta
  • Spectrum Brands, Inc.
  • Ensystex
  • Pct International
  • Rentokil Initial Plc
  • Rollins, Inc.
  • The Terminix International Company LP
  • Arrow Exterminators, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/ccvtpc/global_ermite?w=5

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