Termite Bait Systems Market categorizes the global market by Application (Commercial & Industrial, Residential, Agriculture & Livestock Farms), Termite Type (Subterranean, Dampwood, Drywood), Station Type (In-Ground, Above-Ground), and Region. The termite bait systems market is estimated at USD 260.8 million in 2018 and is projected to reach USD 342.5 million by 2023, at a CAGR of 5.60% during the forecast period.
The years considered for the study are as follows:
- Base year – 2017
- Estimated year – 2018
- Projected year – 2023
- Forecast period – 2018 to 2023
Objectives of the report
- Determining and projecting the size of the termite bait systems market with respect to termite type, station type, application, and regional markets, over a five-year period ranging from 2018 to 2023
- Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Analyzing the demand-side factors on the basis of the impact of macro- and micro-economic factors on the market and shifts in demand patterns across different subsegments and regions
Research Methodology:
- Major regions were identified, along with countries contributing the maximum share
- Secondary research was conducted to obtain the value of termite bait systems market for regions such as North America, Europe, Asia Pacific, South America, and RoW
- The key players have been identified through secondary sources such as Bloomberg, Factiva, agricultural magazines, and companies’ annual reports while their market share in the respective regions has been determined through both, primary and secondary research. The research methodology includes the study of annual and financial reports of top market players as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the termite bait systems market.
Food&farming 