Asia Pacific termite control market was valued at USD 1.13 billion in 2023 and is anticipated to reach USD 1.20 billion in 2024 from USD 1.89 billion by 2032, growing at a CAGR of 5.9%, from 2024 to 2032.
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.
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.
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.
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.
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.
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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