Termite Bait Systems - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Termite Bait Systems Market is accounted for $290.83 million in 2020 and is expected to reach $522.56 million by 2028 growing at a CAGR of 7.6% during the forecast period. Some of the factors such as the environmentally friendly nature of termite bait products and increases in the occurrence of termite infestations are boosting the market growth. However, lack of alertness among the people & low adoption rate is hampering the market growth.
Termite bait systems are one of the most environment-friendly options to control termites. Termites mainly cause damage to residential areas, where they primarily feed on wood. They also feed on damaged paper, books, insulations, and filtration systems. A termite bait system is one such termite control method that is used as an alternative to conventional “barrier” treatment and is environmentally friendly.
Based on the station type, the in-ground segment is estimated to have lucrative growth during the forecast period. The convenience in the usage of these products is a major reason supporting the acceptance of in-ground bait stations among customers.
By geography, the Asia Pacific is going to have lucrative growth due to the rising awareness and growing adoption of termite control services. Due to the largely growing population in this region, the application sectors like residential, commercial & industrial are experiencing a high growth rate.
Some of the key players profiled in the Termite Bait Systems Market include ZF Friedrichshafen, VOXX International, Autoliv, Inc., Syngenta, BASF, Denso, Samsung Group, Rollins, Inc., DuPont, PCT International, Robert Bosch, Magna International, Lear Corporation, Infineon Technologies, Hitachi Automotive Systems, Faurecia, ENSYSTEX, Panasonic Corporation, Sumitomo Chemical Co., Ltd., Delphi Technologies, Continental AG, Bayer AG, Spectrum Brands, Valeo, and Altera.
Station Types Covered:
Termite Types Covered:
• Dampwood Termites
• Drywood Termites
• Subterranean Termites
• Other Termite Types
• Bait Devices
• Liquid Eradication Methods
Distribution Channels Covered:
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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