Europe termite control market was valued at USD 1.34 billion in 2023 and is anticipated to reach SUD 1.41 billion in 2024 from USD 2.15 billion by 2032, growing at a CAGR of 5.4%, from 2024 to 2032. 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.
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 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 2032 |
Base Year |
2023 |
Forecast Period |
2024to 2032 |
CAGR |
5.4% |
Segments Covered |
By Species Type, Control Method, Application & Region |
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.K, Italy, Germany, France, and Spain |
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) |
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 U.K, Italy, Germany, France, and Spain.
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.), Ensystex (U.S.). These are the market players that are dominating the Europe termite control market
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