During the forecast period (2017-2025), revenue in the Termite Control Market is projected to increase at a CAGR of 5.7%, valuing the market at US$ 3,276.91 million in 2016.

Termites eat cellulose and dead plant matter, which can be found in the form of leaf litter, wood, and soil. Termites wreak havoc on structures, food crops, and wooden materials, among other things. Termite Control Market infestations are controlled using a variety of chemical, biological, physical, and mechanical approaches. Supportive government measures are a primary driver of the termite control market's expansion. For example, in the United States, the Environmental Protection Agency (EPA) advocates termite avoidance through numerous awareness initiatives and has imposed strict regulations for termite control product registration and use.

Because of the significant concentration of these termites, the subterranean Termite Control Market sector had the biggest market share in 2016. Subterranean termites are the most damaging termite species since a single colony can contain over two million termites. The chemical control method is the most extensively employed in termite management. This is due to the chemical chemicals employed to combat termites' ability to eliminate them quickly and effectively. Pyrethroids, as well as chlorinated hydrocarbons, phenylpyrazole, chloronicotinyls, borates, trifluoromethyl aminohydrazones, and pyrroles, are the most commonly employed pesticides in this manner.

The Global Termite Control Market's Major Players

To maintain their long-term viability in Termite Control Market, key players are pursuing various tactics such as mergers and acquisitions, joint ventures, partnerships, and product innovations. Bugmaster Exterminators, a U.S.-based company that specializes in commercial and residential termite management, was bought by Arrow Exterminating Company, Inc. in 2017 to expand its footprint in the residential and commercial sectors by delivering a full spectrum of services.

BASF SE, Bayer AG, The DOW Chemical Company, Sumitomo Chemical Co., Ltd., FMC Corporation, United Phosphorus Ltd, Nufarm Limited, Nippon Soda Co. Ltd, Rentokil Initial PLC, Adama Agricultural Solutions Ltd., and Ensystex are some of the major competitors in the worldwide termite control industry.