Latin America Termite Control Market

Latin America Termite Control Market Size 2022 - 2027

Latin America Termite Control Market was worth USD 0.51 billion in 2021 and estimated to be growing at a CAGR of 5.7%, to reach USD 0.72 billion by 2026. Termites are damaging to humans, livestock, and the environment. Hence, various preventive and control measures to control the proliferation of termites have been driving the growth of this market, globally.

Drivers and Restraints of Latin America Termite Control Market:

The market is driven by various factors like climate change, growth in public awareness, 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:

Latin America 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. 

Latin America Termite Control Market – By Control Method:

• Chemical control methods
• physical and mechanical control methods
• biological control methods
• botanicals
• and other control methods

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

Latin America 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 Argentina, Brazil, Mexico, and Rest of Latin America.

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.).