Asia Pacific Termite Control Market

Asia Pacific Termite Control Market Size & Growth (2022 - 2027):

Asia Pacific Termite Control Market was worth USD 1.01 billion in 2021 and estimated to be growing at a CAGR of 5.9%, to reach USD 1.41 billion by 2026.

Termites are damaging to humans, livestock, and the environment. As a result, various preventive and control measures have been taken to control the proliferation of termites.

Drivers and Restraints of Asia Pacific Termite Control Market:

The market is driven by various factors like growth in public awareness, climate change, and government regulations on public and environmental health. There has been a rise in the disposable income earned by people, which further drives the market as people are focusing on improving their health and hygiene standards. Lack of skilled technicians offering innovative solutions for termite control and delayed the regulatory approval process for chemical applications in residential and commercial areas are considered as restraining factors for the market.

Market Segmentation:

Asia Pacific Termite Control Market – By Type:

• Subterranean termites

• Dry wood termites
• Damp wood termites
• Other

Subterranean termites accounted for the largest market share across all the types of termites, owing to the higher demand in industrial and residential sectors for pre- & post-construction treatment and wooden house treatment, respectively, for these termites. 

Asia Pacific Termite Control Market – By Control Method:

• Chemical control methods
• Physical and mechanical control methods
• Biological control methods
• Botanicals
• Other control methods

The chemical control method dominated the segment due to the significant demand for pyrethroids for its application rate and compatibility against a variety of termites.  

Asia Pacific Termite Control Market – By Application:

• Commercial and industrial
• Residential
• Agriculture and livestock farms
• Other applications

Geographical Analysis:

On the basis of geography, the market is analyzed under various regions namely India, China, Japan, Australia, and South Korea. Asia-Pacific is projected to be the fastest-growing region due to the stringent need for commercial establishments and industrial sectors to comply with termite control regulations within their premises.

Key Players:

The key players in this market include BASF SE (Germany), The Dow Chemical Company (U.S.), Bayer CropScience AG (Germany), Syngenta AG (Switzerland), Sumitomo Chemical Co. (Japan), FMC Corporation (U.S.), Nufarm Limited (Australia), United Phosphorus Limited (India), Rentokil Initial plc. (U.K.), ADAMA Agricultural Solutions Ltd. (Israel), Nippon Soda (Japan), Control solution plc. (U.S.), and Ensystex (U.S.).