Market Forecast By Termite Type (Subterranean, Dampwood, Drywood), By Station Type (In-Ground, Above-Ground), By Application (Commercial & Industrial, Residential, Agriculture & Livestock Farms) And Competitive Landscape
Product Code: ETC4592846 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Thailand Termite Bait Systems Market Report thoroughly covers the market by station type, termite type and application. Thailand Termite Bait Systems Market Outlook report provides an unbiased and detailed analysis of the ongoing Thailand Termite Bait Systems Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Thailand termite bait systems market experienced notable growth during 2021-2024, driven by various key factors. The increasing urbanization and rapid expansion of residential, commercial, and luxury developments, particularly in termite-prone regions such as Bangkok, significantly fueled the demand for effective termite control solutions. Additionally, government initiatives such as Soft Loan program stimulated the residential construction sector, which in turn drove the demand for termite control in both new and renovated homes. The expansion of Thailand's hospitality sector further amplified the demand for termite protection in high-value properties such as hotels and resorts. The Thai market also saw a growing emphasis on eco-friendly and sustainable pest control solutions due to the government's "Thailand 4.0" policy, which aims to modernize agriculture through the adoption of smart technologies.
According to 6Wresearch, the Thailand Termite Bait Systems Market revenue is projected to grow at a CAGR of 6.2% from 2025 to 2031. The market growth would be driven by ongoing infrastructure projects, urbanization, and awareness about the economic impact of termite infestations and the growing adoption of green building standards. As urbanization continues to expand in both residential and commercial sectors, the need for reliable termite protection will intensify.
By January 2025, despite a slight 0.85% decline in the Manufacturing Production Index (MPI) due to global economic uncertainties, Thailand’s industrial sector remained resilient. Large-scale developments, including Porsche Sky Villas (2025-2028), Mandarin Oriental Residences (2025-2027), and high-profile hospitality projects such as InterContinental Bangkok Chinatown (2027), The Okura Prestige Sukhumvit Bangkok Hotel and Spa (2028), and Kimpton Pattaya (2028), have expected to further drive demand for termite bait systems.
The increasing awareness about the potential economic impact of termite infestations would also boost demand for effective, long-term protection solutions. The continued adoption of green building standards and eco-friendly practices in the construction industry would further drive the demand for non-toxic, sustainable termite bait systems. Thailand’s sustainable agricultural sector is also advancing with initiatives such as the Thai Rice: Strengthening Climate-Smart Rice Farming Project (2024–2028), which helps smallholder farmers adopt climate-smart technologies such as Farm-level Water Management (FWM), Laser Land Levelling (LLL), and Integrated Pest Management (IPM), reducing reliance on chemical pesticides.
Further, the Twenty-Year Strategy (2017–2036) by the Ministry of Agriculture and Cooperatives (MOAC) promotes eco-friendly pest control and sustainable resource management. As the market continues to evolve, stakeholders in the termite bait systems market could expect growing opportunities as demand shifts towards more efficient, eco-friendly, and advanced termite control technologies.
In-Ground segment is projected to have the largest revenue size by 2031 and the fastest growth during 2025-2031, driven by the increasing demand for permanent, long-term termite protection solutions in both residential and commercial developments, especially in high-value urban projects and large-scale infrastructure projects, due to their low maintenance requirements . The segment's ability to offer robust protection and durability in various soil conditions has expected to fuel its rapid adoption. Further, they are less visible, maintaining aesthetic value while protecting properties.
The subterranean termite segment is projected to have the largest revenue size by 2031 and the fastest growth during 2025-2031, as they are being the most destructive and widespread species and driving the highest demand for termite bait systems due to their ability to cause significant structural damage and their tendency to infest both residential and commercial properties. Thus, users tend to apply bait systems to remove these termites from source. Further, as urbanization and infrastructure projects increase, so does the risk of infestations, particularly in areas where these termites thrive.
The dry wood termite segment is expected to witness the second fastest growth by 2031. fueled by the increasing awareness of dry wood termites in regions with specific climate conditions, leading to higher demand for targeted treatment solutions.
The residential segment has been projected to have the largest revenue size by 2031 and the fastest growth during 2025-2031, driven by the rapid expansion of urbanization and increasing homeownership rates. As more new homes are being constructed, especially in termite-prone regions, the demand for effective pest control solutions is rising. Additionally, the growing concern among homeowners about protecting property value and avoiding costly damage from termite infestations has expected to boost the adoption of advanced termite management systems. With a stronger emphasis on preventative measures and long-term protection, residential properties has expected to remain a major focus area for termite bait systems in the coming years.
The commercial and industrial segment has expected to have the second fastest growth size by 2031 driven by the increasing number of commercial properties and industrial facilities, particularly in urban areas and industrial zones, which are prone to termite infestations.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Thailand Termite Bait Systems Market Overview |
3.1. Thailand Termite Bait Systems Market Revenues, 2021-2031F |
3.2. Thailand Termite Bait Systems Market – Industry Life Cycle |
3.3. Thailand Termite Bait Systems Market – Porter’s Five Forces |
4. Thailand Termite Bait Systems Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Thailand Termite Bait Systems Market Trends |
6. Thailand Termite Bait Systems Market Overview, By Station Type |
6.1 Thailand Termite Bait Systems Market Revenue Share, By Station Type, 2024 & 2031F |
6.1.1 Thailand Termite Bait Systems Market Revenues, By In-Ground, 2021- 2031F |
6.1.2 Thailand Termite Bait Systems Market Revenues, By Above-Ground, 2021- 2031F |
7. Thailand Termite Bait Systems Market Overview, By Termite Type |
7.1 Thailand Termite Bait Systems Market Revenue Share, By Termite Type, 2024 & 2031F |
7.1.1 Thailand Termite Bait Systems Market Revenues, By Subterranean, 2021- 2031F |
7.1.2 Thailand Termite Bait Systems Market Revenues, By Dry Wood, 2021- 2031F |
7.1.3 Thailand Termite Bait Systems Market Revenues, By Dampwood, 2021- 2031F |
7.1.4 Thailand Termite Bait Systems Market Revenues, By Others, 2021- 2031F |
8. Thailand Termite Bait Systems Market Overview, By Application |
8.1 Thailand Termite Bait Systems Market Revenue Share, By Application, 2024 & 2031F |
8.1.1 Thailand Termite Bait Systems Market Revenues, By Residential, 2021- 2031F |
8.1.2 Thailand Termite Bait Systems Market Revenues, By Commercial & Industrial, 2021- 2031F |
8.1.3 Thailand Termite Bait Systems Market Revenues, By Agriculture & Livestock Farms, 2021- 2031F |
8.1.4 Thailand Termite Bait Systems Market Revenues, By Others, 2021- 2031F |
9. Thailand Termite Bait Systems Market Key Performance Indicators |
10. Thailand Termite Bait Systems Market Opportunity Assessment |
10.1 Thailand Termite Bait Systems Market Opportunity Assessment, By Station Type, 2031F |
10.2 Thailand Termite Bait Systems Market Opportunity Assessment, By Termite Type, 2031F |
10.3 Thailand Termite Bait Systems Market Opportunity Assessment, By Application, 2031F |
11. Thailand Termite Bait Systems Market Competitive Landscape |
11.1 Thailand Termite Bait Systems Market Revenue Ranking, By Top 3 Companies, 2024 |
11.2 Thailand Termite Bait Systems Market Key Companies Competitive Benchmarking, By Operating Parameters |
11.3 Thailand Termite Bait Systems Market Key Companies Competitive Benchmarking, By Technical Parameters |
12. Company Profiles |
12.1 BASF SE |
12.2 Rentokil Initial plc |
12.3 Bayer Thai Co., Ltd |
12.4 Sumitomo Chemical (Thailand) Co., Ltd |
12.5 King Service Center Co., Ltd. |
12.6 Ensystex, Inc. |
12.7 Corteva Agriscience |
12.8 Mini Bug Co., Ltd |
12.9 Exterminex |
13. Key Strategic Recommendations |
14. Disclaimer |
List of Figures |
1. Thailand Termite Bait Systems Market Revenues, 2021-2031F ($ Million) |
2. Number of New Condominium Launches in Bangkok Thailand, 2024 & 2025F |
3. Thailand Hotel Transaction Volume, 2022-2025F ($ Billion) |
4. Thailand's Hospitality Industry Growth, 2024E-2029F ($ Billion) |
5. Bangkok Hotel Supply by Grade, 2024 & 2025F (No. of Keys) |
6. Thailand Termite Bait Systems Market Revenue Share, By Station Type, 2024 & 2031F |
7. Thailand Termite Bait Systems Market Revenue Share, By Termite Type, 2024 & 2031F |
8. Thailand Termite Bait Systems Market Revenue Share, By Application, 2024 & 2031F |
9. Thailand Agriculture Sector Market Size, 2020-2023 ($ Billion) |
10. Thailand Nominal Farm Income , (Q1)2023- (Q4)2024 (%YoY), |
11. Thailand Industrial Production Index and Capacity Utilization Rate (%), Jan-23 to June-23 |
12. . Thailand Real GDP Growth Rate (at constant factor prices), 2022– 2026F (%) |
13. Thailand Termite Bait Systems Market Opportunity Assessment, By Station Type, 2031F |
14. Thailand Termite Bait Systems Market Opportunity Assessment, By Termite Type, 2031F |
15. Thailand Termite Bait Systems Market Opportunity Assessment, By Application, 2031F |
List of Table |
1. Thailand Major Ongoing Construction Projects, 2025E- 2027F |
2. Thailand Major Properties Investment Transactions by Project in 2024 |
3. Thailand Upcoming Hotels, By 2028F |
4. Thailand Termite Bait Systems Market Revenues, By Station Type, 2021-2031F ($ Million) |
5. Thailand Termite Bait Systems Market Revenues, By Termite Type, 2021-2031F ($ Million) |
6. Thailand Termite Bait Systems Market Revenues, By Application, 2021-2031F ($ Million) |