Market Overview:
The global termite bait systems market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for termite bait systems in commercial and industrial applications, rising awareness about termite control, and growing construction activities across the globe. Based on type, the global termite bait systems market is segmented into subterranean termites, dampwoodtermites, drywoodtermites, and others.
Product Definition:
Termite bait systems are used to control termites by using a slow-acting poison that is eaten by the termites. The bait system is important because it can protect large areas from damage and it can also be used to monitor the termite population.
Subterranean Termites:
Subterranean termites are a type of termite that builds its nest under the soil. They do not construct mounds like some other types of termites, but rather they dig tunnels that may connect to an existing cavity in a tree or build their own chamber in the ground. The tunneling activity causes subsidence and eventually leads to depression in which eggs and young are laid.
Dampwood Termites:
Dampwood termites are a type of termite that feeds on the dank, musty and semi-dry wood. These termites are found in various parts of the world and their average lifespan is estimated to be around 20 years. The female bugs lay eggs in moist crevices which later hatch into larvae that eat the wood. These insects can cause severe damage to wooden structures if not treated at the initial stage.
Application Insights:
The commercial & industrial application segment led the market and accounted for more than 54.0% share of the global revenue in 2017. The use of termite bait systems in this sector is aimed at reducing the damage caused by termites to buildings and their contents, thereby protecting valuable assets from damage or destruction. Termite baiting is carried out as part of a comprehensive pest management program, which aims to reduce or control other pests that may cause economic loss as well as harm to human health.
Regional Analysis:
North America dominated the global market in 2017. The increasing number of termite-related issues is one of the key factors contributing to the dominance of this region. Termite bait systems are used for pest control purposes in North America, particularly in U.S., as these products help prevent damage caused by termites and their nests, thereby protecting buildings and other structures from collapsing or sustaining major damage over time.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to rising infrastructural development activities coupled with an increase in commercial construction activities across countries such as China, India, Japan and South Korea among others will drive product demand over next eight years.
Growth Factors:
- Increasing awareness about termite bait systems and their benefits among homeowners and professionals
- Growing demand for green and environment-friendly pest control solutions
- Rising number of construction projects across the globe
- Proliferation of DIY (Do It Yourself) culture among consumers
- Technological advancements in termite bait systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Termite Bait Systems Market Research Report
By Type
Subterranean Termites, Dampwood Termites, Drywood Termites, Others
By Application
Commercial & Industrial, Residential, Agriculture & Livestock Farms, Others
By Companies
DowDuPont, BASF, Bayer, Sumitomo Chemical, Syngenta, Spectrum Brands, Ensystex, Pct International, Rentokil Initial, Rollins, DowDuPont, Arrow Exterminators
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Termite Bait Systems Market Report Segments:
The global Termite Bait Systems market is segmented on the basis of:
Types
Subterranean Termites, Dampwood Termites, Drywood Termites, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial & Industrial, Residential, Agriculture & Livestock Farms, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDuPont
- BASF
- Bayer
- Sumitomo Chemical
- Syngenta
- Spectrum Brands
- Ensystex
- Pct International
- Rentokil Initial
- Rollins
- DowDuPont
- Arrow Exterminators
Highlights of The Termite Bait Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Subterranean Termites
- Dampwood Termites
- Drywood Termites
- Others
- By Application:
- Commercial & Industrial
- Residential
- Agriculture & Livestock Farms
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Termite Bait Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Termite Bait Systems is a type of bait that is used to attract and kill termites. These baits are typically made from a variety of food items that are attractive to termites, such as sugar, flour, or molasses.
Some of the major companies in the termite bait systems market are DowDuPont, BASF, Bayer, Sumitomo Chemical, Syngenta, Spectrum Brands, Ensystex, Pct International, Rentokil Initial, Rollins, DowDuPont, Arrow Exterminators.
The termite bait systems market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Termite Bait Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Termite Bait Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Termite Bait Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Termite Bait Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Termite Bait Systems Market Size & Forecast, 2018-2028
4.5.1 Termite Bait Systems Market Size and Y-o-Y Growth
4.5.2 Termite Bait Systems Market Absolute $ Opportunity
Chapter 5 Global Termite Bait Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Termite Bait Systems Market Size Forecast by Type
5.2.1 Subterranean Termites
5.2.2 Dampwood Termites
5.2.3 Drywood Termites
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Termite Bait Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Termite Bait Systems Market Size Forecast by Applications
6.2.1 Commercial & Industrial
6.2.2 Residential
6.2.3 Agriculture & Livestock Farms
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Termite Bait Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Termite Bait Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Termite Bait Systems Analysis and Forecast
9.1 Introduction
9.2 North America Termite Bait Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Termite Bait Systems Market Size Forecast by Type
9.6.1 Subterranean Termites
9.6.2 Dampwood Termites
9.6.3 Drywood Termites
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Termite Bait Systems Market Size Forecast by Applications
9.10.1 Commercial & Industrial
9.10.2 Residential
9.10.3 Agriculture & Livestock Farms
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Termite Bait Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Termite Bait Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Termite Bait Systems Market Size Forecast by Type
10.6.1 Subterranean Termites
10.6.2 Dampwood Termites
10.6.3 Drywood Termites
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Termite Bait Systems Market Size Forecast by Applications
10.10.1 Commercial & Industrial
10.10.2 Residential
10.10.3 Agriculture & Livestock Farms
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Termite Bait Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Termite Bait Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Termite Bait Systems Market Size Forecast by Type
11.6.1 Subterranean Termites
11.6.2 Dampwood Termites
11.6.3 Drywood Termites
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Termite Bait Systems Market Size Forecast by Applications
11.10.1 Commercial & Industrial
11.10.2 Residential
11.10.3 Agriculture & Livestock Farms
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Termite Bait Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Termite Bait Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Termite Bait Systems Market Size Forecast by Type
12.6.1 Subterranean Termites
12.6.2 Dampwood Termites
12.6.3 Drywood Termites
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Termite Bait Systems Market Size Forecast by Applications
12.10.1 Commercial & Industrial
12.10.2 Residential
12.10.3 Agriculture & Livestock Farms
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Termite Bait Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Termite Bait Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Termite Bait Systems Market Size Forecast by Type
13.6.1 Subterranean Termites
13.6.2 Dampwood Termites
13.6.3 Drywood Termites
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Termite Bait Systems Market Size Forecast by Applications
13.10.1 Commercial & Industrial
13.10.2 Residential
13.10.3 Agriculture & Livestock Farms
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Termite Bait Systems Market: Competitive Dashboard
14.2 Global Termite Bait Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 BASF
14.3.3 Bayer
14.3.4 Sumitomo Chemical
14.3.5 Syngenta
14.3.6 Spectrum Brands
14.3.7 Ensystex
14.3.8 Pct International
14.3.9 Rentokil Initial
14.3.10 Rollins
14.3.11 DowDuPont
14.3.12 Arrow Exterminators
