The rising housing population is expected to drive the market for termite bait systems. Further, rising preference for non-toxic techniques to prevent termites is anticipated to boost the market for termite bait systems. Moreover, changing climatic conditions which is fueling the presence of termites is expected to further drive the market in the coming years. However, high installation cost along with low adoption is anticipated to hamper the market growth. The market has been segmented on the basis of by station, component, application and geography. In the station segment in ground termite systems is expected to hold a significant share in the market on account of its convenient use as compare to above the ground termite systems. Geographically, North America is projected to hold a significantly share in the market owing to increasing adoption of termite bait systems in the region.
DRIVERS
Rising cases of termite infestation.
Changing climatic conditions.
RESTRAINT
High investment and maintenance cost
The major players profiled in the Termite Bait System market include BASF SE, Sumito Chem., Corteva Inc., PCT International, Terminix International Company LP, Ensystex, Syngenta.
Segmentation
The Termite Bait System market has been analyzed through the following segments:
By Station
Above Ground Termite Bait System
In Ground Termite Bait System
By Component
Termite Bait System
Inspection Cartridge
Monitoring Base
By Application
Agriculture
Residential
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
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