Market Overview:
The global termite bait system products 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 residential and office buildings, as well as in other applications such as farms. In terms of type, the bait devices segment is expected to lead the global termite bait system products market during the forecast period, followed by liquid eradication methods.
Product Definition:
Termite bait systems are a way of controlling termites through the use of poison. The bait is usually in the form of a small piece of wood, and when the termites eat it, they are poisoned.
Bait Devices:
Bait devices are used to attract and hold the insect in place for the application of pesticide. It is also known as sticky board, glue board or lure. The product consists of a thin layer of highly concentrated pesticides on a card or paper which is usually coated with petroleum jelly to make it adhesive. It is used by placing it in an insect hole where other forms of pesticides cannot reach through the cracks and crevices easily.
Liquid Eradication Methods:
Liquid eradication methods are used to eliminate or reduce the level of liquid waste generated during the production process. The method is used in combination with other processes such as drying and evaporation to produce Termite Bait System (TBS) products.
The global demand for TBS has been increasing over the past few years on account of its rising use in residential, commercial, and industrial structures for termite control.
Application Insights:
The office building application segment led the market and accounted for more than 40% share of the global revenue in 2017. The use of termite bait system in office buildings is expected to witness a significant rise on account of its effectiveness against pest species that inhabit offices. Furthermore, increasing investments by companies to enhance their premises¢â‚¬â„¢ appearance are anticipated to boost product demand over the forecast period.
Residential is expected to be one of the fastest-growing application segments owing to rising infestations caused by termites destroying houses and structures, which eventually lead to financial losses. Termite bait systems are used as a preventative measure against damage caused by termites before they get established or become a problem later on down the line. Product manufacturers offer customized solutions for residential applications based on customer requirements, thereby fueling segment growth over next seven years.
Liquid eradication methods such as boric acid.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 4.6% over the forecast period, owing to increasing infrastructural development and commercial activities in countries such as the U.S., Canada, and Mexico.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing with rapid urbanization resulting from growing population.
Growth Factors:
- Increasing awareness about termite bait system products and their benefits among consumers.
- Rising demand for effective and affordable pest control solutions.
- Growing construction industry in developing countries providing opportunities for termite bait system products market growth.
- Technological advancements in termite bait system products that make them more efficient and user-friendly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Termite Bait System Products Market Research Report
By Type
Bait Devices, Liquid Eradication Methods,
By Application
Office Building, Residential, Farm, Other,
By Companies
DowDuPont, BASF, Bayer, Sumitomo Chemical, Syngenta, Spectrum Brands, Ensystex, PCT International, Rentokil Initial, SBM Life Science Corp,
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Termite Bait System Products Market Report Segments:
The global Termite Bait System Products market is segmented on the basis of:
Types
Bait Devices, Liquid Eradication Methods,
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
Office Building, Residential, Farm, Other,
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
- SBM Life Science Corp
Highlights of The Termite Bait System Products 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:
- Bait Devices
- Liquid Eradication Methods
- By Application:
- Office Building
- Residential
- Farm
- Other
- 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 System Products 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 System is a type of pest control product that uses bait to lure and kill termites.
Some of the major companies in the termite bait system products market are DowDuPont, BASF, Bayer, Sumitomo Chemical, Syngenta, Spectrum Brands, Ensystex, PCT International, Rentokil Initial, SBM Life Science Corp.
The termite bait system products market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Termite Bait System Products Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Termite Bait System Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Termite Bait System Products Market - Supply Chain
4.5. Global Termite Bait System Products Market Forecast
4.5.1. Termite Bait System Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Termite Bait System Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Termite Bait System Products Market Absolute $ Opportunity
5. Global Termite Bait System Products Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Termite Bait System Products Market Size and Volume Forecast by Type
5.3.1. Bait Devices
5.3.2. Liquid Eradication Methods
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Termite Bait System Products Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Termite Bait System Products Market Size and Volume Forecast by Application
6.3.1. Office Building
6.3.2. Residential
6.3.3. Farm
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Termite Bait System Products Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Termite Bait System Products Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Termite Bait System Products Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Termite Bait System Products Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Termite Bait System Products Demand Share Forecast, 2019-2026
9. North America Termite Bait System Products Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Termite Bait System Products Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Termite Bait System Products Market Size and Volume Forecast by Application
9.4.1. Office Building
9.4.2. Residential
9.4.3. Farm
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Termite Bait System Products Market Size and Volume Forecast by Type
9.7.1. Bait Devices
9.7.2. Liquid Eradication Methods
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Termite Bait System Products Demand Share Forecast, 2019-2026
10. Latin America Termite Bait System Products Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Termite Bait System Products Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Termite Bait System Products Market Size and Volume Forecast by Application
10.4.1. Office Building
10.4.2. Residential
10.4.3. Farm
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Termite Bait System Products Market Size and Volume Forecast by Type
10.7.1. Bait Devices
10.7.2. Liquid Eradication Methods
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Termite Bait System Products Demand Share Forecast, 2019-2026
11. Europe Termite Bait System Products Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Termite Bait System Products Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Termite Bait System Products Market Size and Volume Forecast by Application
11.4.1. Office Building
11.4.2. Residential
11.4.3. Farm
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Termite Bait System Products Market Size and Volume Forecast by Type
11.7.1. Bait Devices
11.7.2. Liquid Eradication Methods
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Termite Bait System Products Demand Share, 2019-2026
12. Asia Pacific Termite Bait System Products Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Termite Bait System Products Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Termite Bait System Products Market Size and Volume Forecast by Application
12.4.1. Office Building
12.4.2. Residential
12.4.3. Farm
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Termite Bait System Products Market Size and Volume Forecast by Type
12.7.1. Bait Devices
12.7.2. Liquid Eradication Methods
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Termite Bait System Products Demand Share, 2019-2026
13. Middle East & Africa Termite Bait System Products Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Termite Bait System Products Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Termite Bait System Products Market Size and Volume Forecast by Application
13.4.1. Office Building
13.4.2. Residential
13.4.3. Farm
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Termite Bait System Products Market Size and Volume Forecast by Type
13.7.1. Bait Devices
13.7.2. Liquid Eradication Methods
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Termite Bait System Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Termite Bait System Products Market: Market Share Analysis
14.2. Termite Bait System Products Distributors and Customers
14.3. Termite Bait System Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DowDuPont
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bayer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Syngenta
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Spectrum Brands
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ensystex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PCT International
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rentokil Initial
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SBM Life Science Corp
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
