Introduction of Novel Bait Systems and Liquid Methods Triggering Market Growth
End users in residential and commercial areas are always on the pry to discover innovative approaches to prevent the infestation of termites in new construction structures. Hence, manufacturers in the termite bait system products market are transcending in novel termite bait systems and soil-applied liquid termiticides.
Baiting systems have been gaining more and more popularity in the last couple of years. As such, revenue from bait devices is projected to account for the highest value amongst all eradiation methods, in the termite bait system products market, with an estimated value of ~US$ 1.8 billion by the end of 2027. Hence, manufacturers in the termite bait system products value chain are increasing R&D to develop bait systems that have a long-term approach to termite control. As such, they are educating the masses that the key to effective termite baiting is proper monitoring and maintenance of the stations.
Soil-applied liquid termiticides also serve as an efficacious solution to form a continuous chemical barrier in the soil surrounding both sides of the foundation. This method is very useful in agriculture and livestock. Currently, agriculture and livestock account for the second-highest revenue amongst all applications in the termite bait system products market. Hence, manufacturers in the termite bait system products space are meeting the needs of stakeholders in the agriculture and livestock value chain by increasing the availability of liquid methods that prevent foraging termites from reaching the foundation and piers.
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Pre-treating and In Ground Monitoring-Baiting Systems Increasingly Meet End User Needs
The trend of precast construction anti-termite treatment is a lucrative opportunity for stakeholders in the termite bait system products value chain. This trend is very prominent in the commercial and residential sector. As such, the commercial & industrial segment accounts for the highest revenue amongst all applications in the termite bait system products market, with an anticipated value of ~US$ 1.1 billion by 2027. Thus, the benefits of pre-construction anti-termite treatment are attracting the attention of customers. Pre-treating the area alleviates the problem of gapping, thus preventing subterranean termites from coming up from the soil and entering the structure. Companies in the termite bait system products landscape are capitalizing on this pre-treating trend, since less application of termiticides serves as an inexpensive solution for end users.
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New trends in termite baiting systems include in ground monitoring-baiting systems. These systems can be used by themselves or as a combination treatment for more flexibility. Companies in the termite bait system products ecosystem are capitalizing on this trend, and are recommending end users to use baiting systems along with liquid termiticides when the stations are installed. The introduction of standalone termite management systems has catalyzed the growth of the termite bait system products market. This treatment serves as an alternative in cases when liquid termiticides are not a practical solution to control termites.
Is Baiting Better than Liquid Eradiation Method?
Termites are dangerous insects capable of causing damage worse than floods, famines, and tornados. Hence, manufacturers in the termite bait system products supply chain are introducing novel liquids and baiting methods to treat termites.
The liquid eradiation method is popularly known for getting faster results. This treatment is designed to prevent termites from entering structures. However, certain limitations of this method pose as a hurdle for its adoption in the termite bait system products landscape. Customers are often required to drill entry areas before applying the liquid. They also need to create repellent barriers that are prone to gapping, and can further lead to new infestation in the future. To avoid such issues, manufacturers in the termite bait system products market are introducing efficacious liquid termiticides with unique properties that immediately eliminate termites.
On the other hand, manufacturers in the termite bait system products market are developing advanced baiting systems that are environmentally-friendly and prevent the infestation of termites. However, the initial cost of baiting systems is on a much higher side as compared to liquid treatment. Baiting is not a cost-effective solution for customers, as the technique is labour-intensive and its efficacy is largely based on the dimensions of the house/structure. Hence, manufacturers in the termite bait system products market are developing systems that can be easily installed and alleviate the need for drilling or digging in soil treatment.
