Global Termite Control Market to Exhibit 5.6% CAGR through 2022, Predicts M&M in Its New Topical Report Available at MarketPublishers.com
01 Jun 2017 • by Natalie Aster
LONDON – Driven by enhancing public awareness, climate changes, and government regulations on environmental and health awareness, the world’s market for termite control is anticipated to increase at a healthy 5.6% CAGR over 2017-2022 to reach the value of USD 4.11 billion by the end of the forecast period. Economic activities worldwide are rising at an impressive pace, this along which the expanding middle-class and enhancing focus on improvement of health standards and hygiene is spurring the demand for termite control options.
As of 2016, the largest share of the termite control market belongs to the commercial and industrial sector.
Biological control is predicted to be the most rapidly growing control method during 2017-2022.
North America captures the biggest share of the global termite control market, majorly owing to escalating demand from both residential and commercial applications in this region. Meanwhile, the highest growth rates are likely to be registered in the APAC region, due to enhancing demand for termite control solutions from industrial sector and commercial establishment.
New topical study “Termite Control Market by Species Type, Control Method, Application, and Region - Global Forecast to 2022” created by M&M delves into the world’s market scenario as well as investigates the actual situation across the key geographies. This study contains updated statistics, reviews the main market segments, examines the market dynamics, points out the major growth drivers and limiters as well as outlines the main challenges and opportunities. The report highlights the competitive landscape, offers data on the leading players, and contains a future outlook through 2022.
Visit the M&M page to get access to many other topical research reports prepared by the publisher.