Americans are well aware of the fact that termites cause widespread structural damage in the United States. Therefore it should not come as a surprise to learn that the US spends more money on termite control efforts than any other country. The termite control market is given a significant boost by the American demand for innovations in termite control. For example, In 2016, the North American region was valued at US $1,165.79 million, making the region a major contributor to the global pest control market. Although America spends the most money on termite control efforts, there are several other countries that closely rival the US when it comes to dominating the termite control market. Several other developed western nations spend millions every year on termite control efforts, and even developing nations are seeing a dramatic increase in the demand for pest control measures. For example, many developing nations are seeing an increasing number of tourists, which is fueling an economic need for termite control efforts in hotels and other industries within the hospitality sector. To put it simply, the termite control market is growing in every region around the globe. Some of this growth is due to investments from the private sector, but much of this growth is due to government spending, and this is the case all over the world. During the past several years, government entities have been investing more in the termite control market.
In the United States, the Environmental Protection Agency (EPA) serves as a significant source of revenue for the global termite control market. The EPA funds multiple programs that are aimed at preventing costly termite infestations in areas containing public and private property. In Canada, the The Pest Management Regulatory Agency of Health Canada (PMRA) also contributes significant amounts of revenue to the global termite control market. The U.S. Department of Agriculture (USDA) spends millions funding research into subterranean termites at Louisiana State University.
Have you ever hired a pest control professional after finding a termite infestation within your home?
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