Which Countries are Big Markets for Termite Bait Products With individuals and industries alike are looking for easy-to-install and less intrusive termite bait systems, manufacturers are spending more on R&D to make better products and improve overall efficacy. Manufacturers of termite bait products are improving their service portfolios by assuring regular checkups and appointing skilled professionals for maintenance purposes. Market players are also making eco-friendly products that are also durable at the same time, besides investing in new techniques such as three bait toxicants especially meant for subterranean termites. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5803 As per a new report published by Fact.MR, the global termite bait products market is projected to reach a revenue US$ 2.8 million by the end of 2031. In terms of revenue, the market is estimated to expand at a CAGR of around 5% over the forecast period of 2021 to 2031. Key Takeaways from Market Study
The termite bait system products market is anticipated to see growth of 1.5X by 2031. North America is the biggest market for termite bait products in the world, and demand here will rise further over the coming years. Asia is the fastest-growing market for termite bait products. Launch of new eco-friendly termite bait products is lending added impetus to market growth. Subterranean termites are the most common types of termites, and they are accountable for 85% of total damage.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5803 Key Market Segments Covered
Termite o Subterranean Termite Bait Products o Dampwood Termite Bait Products o Drywood Termite Bait Products Bait Type o Termite Bait Devices o Liquid Eradication Method for Termites
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Winning Strategy Key players have been spending on research & development to come up with newer ways of making products more consumer-friendly and less chemical-based. These enhancements will drive demand for termite bait products in the medium- to long-term forecast period. Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/30/2008383/0/en/Sales-for-4-4Dichlorodiphenyl-Sulfone-DCDPS-to-Grow-Steadily-Through-2029-Engineered-PlasticsGenerate-3-4th-of-Total-Demand-Opines-Fact-MR.html About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Email: sales@factmr.com Visit Our Website: https://www.factmr.com