Termite Control System Market

The global termite control system market size was valued at approximately USD ** billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of around **% from 2018 to 2031.

The key drivers for the growth of the termite control system market include increasing urbanization, growing awareness among consumers about the importance of pest control, and the rise in construction activities in emerging economies. Moreover, the growing demand for eco-friendly pest control solutions is also expected to drive market growth.

The major players operating in the termite control system market include BASF SE, Bayer AG, Rentokil Initial plc, The Dow Chemical Company, Syngenta AG, FMC Corporation, Sumitomo Chemical Co., Ltd., Nufarm Limited, and United Phosphorus Limited (UPL). These companies are adopting various strategies such as mergers and acquisitions, collaborations, partnerships, and new product launches to expand their market share and strengthen their position in the market.

The growth of the termite control system market is driven by several factors, including the increasing prevalence of termite infestations in residential and commercial buildings, the growing demand for environmentally friendly pest control solutions, and the increasing adoption of integrated pest management practices.