Termite Baiting Treatments Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Termite Bait and Termiticide), By Application (Industrial Residential, Agriculture, Livestock farms, and Others), and Region  

The termite baiting treatments market was valued at US$ 296.3 million in 2023 and is anticipated to grow at a CAGR of 12.3% from 2024-2030. The termite baiting treatment or a termite baiting system is a method of preventing termite infestations by pacing baits that consist of cellulose and a slow-acting insecticide, above or below ground. These baits are made to attract termites before they reach a home or business, which in turn stops the spreading of these cellulose-eating termites.

The rising urbanization across the globe is a significant driver for the increased revenues of the market. With the rapid urbanization and expansion of infested areas, the need for effective pest control solutions increases. Termite bait systems, which serve as an effective pest control solution, fulfill this requirement by preparing a termite bait combined with a slow-acting insecticide, which when ingested by termites can kill them within weeks. The construction industry uses this pest control solution both before and after construction to control the spread of these termites into homes and offices. This rising use of the termite baiting system significantly contributes the market growth.

In addition, awareness of environmental issues is another significant driver behind the sales of termite baiting treatments. As the awareness regarding environmental issues, the demand for eco-friendly and sustainable pest control solutions increases. The termite baiting treatment method serves as a better alternative to the conventional chemical pest control solution including liquid termiticides, which also fulfills the consumer's rising preference for environmentally-friendly pest control solutions. This termite bait station effectively eliminates the entire colony of termites without posing any environmental and health risks, unlike liquid termite treatment. Hence, as the environmental concerns increase, the demand for termite baiting treatments surges, which in turn contribute to the growth of the market.

However, the high cost and regular maintenance of termite baiting treatments stand as a potential restraint to the market growth. Meanwhile, the increase in research and development activities across the globe can create significant opportunities for the growth over the forecasted years. The key players in the market are further contributing to the development of the market by announcing launches, collaborations, and acquisitions.

Key Developments:      

In May 2020, BASF launched the Trelona Advance Termite Baiting System.