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Global Termite Bait Systems Market report, market size, share, trends, analysis and forecast to 2028

Global Termite Bait Systems Market report, market size, share,

Stratistics MRC's Global Termite Bait Systems Market value is expected to reach $457.81 million growing at a CAGR of 7.8% during 2022-2028.

A termite is a kind of insect that spoils property, particularly wood and wooden structures. Baits are a vital tool for termite control and prevention programs. A standard termite treatment in home areas is done with a topsoil-applied liquid termiticide. A termite bait system is a type of full termite control kit. It is used for the long term. For finest results, termite baits systems need suitable protection and monitoring. The rising commercial and industrial construction activities have led to an augmented demand for termite control services.

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By geography, North America is projected to hold the largest market share during the forecast period, owing to the easy access to latest technologies along with the rise in the affordability and higher levels of discretionary income. Moreover, the presence of subterranean termites that are the most common type of termite in North America will fuel the demand for termite bait products. These termites tend to stay in tunnels built underground, can easily avoid detection, and can go about destroying wood undisturbed and cause of total damage. Therefore, in order to protect wood, the demand for innovative termite bait products keeps growing. Additionally, development in technologies and growing environmental awareness trends, led by consumers are encouraging manufacturers to provide with safe and chemical free termite bait products.

Some of the key players profiled in the Termite Bait Systems Market include Rollins, BASF, Bayer AG, Sumitomo Chemical Co., Ltd., Syngenta, Spectrum Brands, Inc, Ensystex, PCT International, Rentokil Initial Plc, The Terminix International Company LP, Arrow Exterminators, Inc.

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Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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