Market Research Report Store Termite Control Market Projected to grow at a CAGR
"Termite Control Market Projected to grow at a CAGR of 5.6% from 2017, to reach a value of
USD 4.11 billion by 2022" published in June 2017. It is a professional and in-depth study.
Summary
Market Research Report Store announces a new report "Termite Control Market "added to its
database. The market is driven by climate change, growth in public awareness, and government
regulations on public and environmental health as well on the food hygiene. Economic activities across
the globe are growing at an exponential pace, along which the growing middle-class population is also
driving demand for termite control options, focusing more on improving hygiene and health standards.
Lack of skilled technicians, offering innovative solutions for termite control and delayed regulatory
approval process for chemical applications in residential and commercial areas have been considered as
restraining factors for the market.
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“Commercial & industrial segment dominated the termite control market”
The commercial & industrial segment accounted for the largest market share in 2016, as food &
beverage manufacturing, hospitality, government organizations, pharmaceutical manufacturing,
warehousing, retail, educational institutions, healthcare, office, turf and garden maintenance are some
of the key areas where compliance with local authorities for work-in-place hygiene and maintenance is
highly important. This various structures require efficient solutions for controlling spread of termites.
“Biological control is projected be the fastest-growing control method during the forecast
period”
Biological control is projected to grow at the highest CAGR from 2017 to 2022, due to the increasing
scrutiny on the environmental impact of chemical compounds. The usage of biological termiticides,
which have few to no side effects on human health, is gaining high acceptance. The termite control
service providers are slowly shifting their focus on using microbial products such as Bacillus
thuringiensis and microbial extracts in their products, which have been proved to be effective on
termites without much development of termiticide resistance.
“Subterranean termites accounted for the largest market share among different termites cases, in
2016”