What is Termite Bait System Products Market?
End users in residential and commercial areas are always looking for innovative approaches to prevent termite infestation in new buildings. As a result, manufacturers in the termite bait market are on their way to novel termite bait systems and ground-based liquid termiticides. Bait systems have become increasingly popular in recent years. Termite baits contain a small amount of wood and pesticides, which slow termite growth. Termite baits are also made from cardboard, paper, or other acceptable termite foods combined with a slow-acting substance that is deadly to termites. It also acts as a regulator of insect growth. Termite treatment in residential areas is done with a liquid termiticide on the topsoil. Various strategies for controlling the termite population, including liquid chemical barriers and bait stations, are the main drivers for the termite bait systems market. Various liquid chemical barriers such as anti-agents are used to form a barrier, and beneath structures to square, the potential trajectories of termite passage are also a driver for the termite bait system market. Increased pest management to maintain consumer health and hygiene is an opportunity for the market. Spending preventing household protection measures is also an opportunity for the termite bait market.
The market study is being classified by Type (Bait Devices and Liquid Eradication Methods), by Application (Commercial & Industrial, Residential and Agriculture & Livestock Farms) and major geographies with country level break-up.
DowDuPont (United States), BASF SE (Germany), Bayer AG (Germany), Sumitomo Chemical Co., Ltd. (Japan), Syngenta (Switzerland), Rentokil Initial (United Kingdom), Spectrum Brands, Inc. (United States), Ensystex (United States), PCT International (Australia) and Rollins (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Terminix International (United States) and Arrow Exterminators (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Termite Bait System Products market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Termite Bait System Products market by Type, Application and Region.
On the basis of geography, the market of Termite Bait System Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Environmentally Safe and Convenient Application Process
- Increased Management of Pests to Maintain Consumer Health and Hygiene
- Higher Preference of Innovative and Sustainable Products among Customers
- Changing Climatic Conditions Increase the Need to Avert Termite Invasion
- An Increasing Trend in the Availability of Liquid Methods That Prevent Foraging Termites from Reaching the Foundation and Piers
- The Growing Trend of Precast Construction Anti-Termite Treatment
- High Initial Investment and Contract Maintenance
- Lack of Awareness & Low Adoption Rate
- Growing Market Opportunities in Urban Residential Areas
- A Rise in Expenditure on Preventing Measures for the Protection of Households
- Effects Are Relatively Slow As Compared To Liquid Chemical Barriers
Market Leaders and some development strategies
In December 2017, BASF signed a marketing agreement with Mitsui Chemicals Agro, Inc. (MCAG) (Japan). Through this agreement, MCAG granted BASF the exclusive right to commercialize broflanilide products in several markets worldwide, with the exception of Japan and certain Asian countries. Broflanilid is used to control various pests such as caterpillars, beetles, termites, ants, and cockroaches. and In January 2018, Arrow Exterminators acquired Moore's Premium Termite and Pest Control LLC (USA). This acquisition would make it easier for Arrow to grow and serve more residential and business customers with a full range of services in Georgetown, South Carolina.
In November 2017, BASF launched the non-repellent termite control product Termidor HE in Japan. When applied to the floor of residential and commercial buildings, it prevents termites from infecting building materials such as wood. and In April 2017, Dow AgroSciences (USA) introduced the termite bait FlexPack from Recruit AG. This product can be used in food production and in foodservice. This introduction helped Dow AgroSciences strengthen its market position in several US states.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Providers of Termite Bait System Products, Venture Capitalists and Private Equity Firms and End-Use Industry
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