Termites primarily consume cellulose and dead plant matter, which is typically found in the form of soil, leaf litter, and wood. Buildings, food crops, wooden products, and other things are all harmed by termites. Infestations of termites are being controlled using a variety of chemical, biological, physical, and mechanical techniques. An important driver of the termite control market's growth is the government's supportive initiatives. As an illustration, the Environmental Protection Agency (EPA) in the United States promotes termite prevention through a variety of awareness campaigns and has put in place strict standards for the registration and use of termite control products.
Termite
Control Market destroys residential structures and
commercial operations from the inside out by feeding on wood and decaying plant
matter. The market growth for termite control services is being effectively
increased by 1.7X through the use of various biological, chemical, mechanical,
and physical methods in addition to soil treatment for pre-construction termite
control. An anti-termite barrier is created beneath the building structure by
pre-construction termite control treatment, preventing termites' damage and
promoting the development of termite bait products.
The Termite
Control Market for termite control services is
anticipated to grow by 1/4th of current demand as a result of the shift toward
contract-based termite control services and the use of semiochemicals as an
environmentally friendly alternative to pesticides.
About 2/5 of the total revenue share belongs to Tier 1
Termite Control Market
players, who prioritize aggressive pricing to increase sales and buy out
regional rivals to dominate the market.
Chemicals or chemical mixtures used as pesticides are
intended to reduce pest damage. The management of particular insect species
that are known to be harmful to human health is known as pest control. Since
house flies, bed bugs, cockroaches, and other pests frequently inhabit areas
where people engage in activities that could seriously harm their health, pest
management has become increasingly important in recent years.
Key Players
The DOW Chemical Company, BASF SE, Bayer AG, 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 a few of the major companies in the world market for termite
control.
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