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.
Rising cases of termite infestation.
Changing climatic conditions.
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.
The Termite Bait System market has been analyzed through the following segments:
Above Ground Termite Bait System
In Ground Termite Bait System
Termite Bait System
Middle East and Africa