The North America termite control market size is expected to reach USD 2.52 billion in 2024 and expected to reach USD 3.30 billion by 2029, growing at a CAGR of 5.5%, from 2024 to 2029.
Termites can cause damage 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.
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 and delayed regulatory approval process for chemical applications in residential and commercial areas are considered as restraining factors for the market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 TO 2029 |
Base Year |
2023 |
Forecast Period |
2024 TO 2029 |
CAGR |
5.5% |
Segments Covered |
By Type, By Control Method, By Application |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
U.S.A, Canada |
Market Leaders Profiled |
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.). |
North America accounted for the largest market share due to significantly growing demand in both commercial and residential applications in the region.
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.).
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