Asia Pacific Termite Control Market Size, Share, Growth, Trends, And Forecast Report – Segmented By Type, Control Method, Application, And By Region (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis From 2024 to 2032

Updated On: June, 2024
ID: 7334
Pages: 145

Asia Pacific Termite Control Market Size (2024 to 2032)

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.

Market Drivers

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.

SEGMENTATION ANALYSIS

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

COUNTRY ANALYSIS

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

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 MARKET 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.).

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