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Global Rodenticides Market to Grow at a CAGR of 4.1% over the forecast period

The Global Rodenticides Market will grow from USD 3.80 Billion in 2019 to USD 5.46 Billion in 2028, at a CAGR of 4.1% over the forecast period. According to studies, nearly 40% of all mammalian species are rodents.

Owing to climatic conditions, uninterrupted food sources, and relatively open systems, rodents area perennial problem in many places.Because of the food they consume and spoil with feces and urine, the harm that rodents such as rats and mice do to the housing and equipment can be a serious issue for households as well as for farms like poultry farms. In addition, rodents carry a number of diseases, which can give rise to serious health issues and concerns related to food safety.

Rodenticides have extensive usage as pesticides to kill rodents. They have major usage in agriculture and urban environments for the eradication of pests. Rodenticide formulation includes food baits to attract rodents. Increasing environmental risks associated with these formulations have resulted in manufacturers introducing environmental-friendly formulations in recent times.

The agriculture sector has incurred huge losses due to rodent attacks on crops, grain storage, and warehouses. Increasing focus on controlling rodent population has led to the growing acceptance of rodenticides across the globe. However, the usage of these chemicals has led to growing concerns regarding their toxicity, which affects the environment. Hence, developed countries have implemented stringent rules against the use of these chemicals. This, in turn, can inhibit the growth of the market. However, the increasing need to maximize food production and the need to safeguard crops have resulted in the rising usage of rodenticides.

Global Rodenticides Market, By Type

The rodenticide market segmentation, by product type, includes non-anticoagulants and anti-coagulants based on type. The anticoagulant segment will dominate the market over the forecast period. Anticoagulant rodenticides in single or multiple concentrations kill rodents instantly. Growing preference for second-generation active ingredients among anticoagulant rodenticides due to their high effectiveness has contributed to the growth of this segment. In the U.S., bromadiolone and brodifacoum rodenticides have extensive usage. The regulatory authority in Europe has also approved products with these active ingredients.

Global Rodenticides Market, By Application

The rodenticide market segmentation includes pellets, sprays, and powders based on the type of application. Rodenticides with baits in shape of pellets attract rodents. The different types of pellets include grains and wax bricks, which are simple to cover baits.

Global Rodenticides Market, By End-User

The end-user segment division includes warehouses, agriculture, urban centers, and others. The urban centers segment has witnessed rapid growth among other segments due to the greater adoption of rodenticides in urban centers. The increasing population of rodents has become a cause of concern in housing and industrial environments.

Residential areas have been particularly prone to rodent infestations, as they have scope for nourishment, creating serious issues of food contamination, hygiene, and health problems. Rats can spread nearly sixty communicable diseases and cause destruction to commercial property, resulting in financial losses. Hence, rodenticides have found extensive usage in urban centers.

Global Rodenticides Market, By Region

North America will hold the largest share of the global market over the forecast period. Rodents pose a major threat in the U.S.Increasing cases of rodent-borne disease (for example, Hantavirus) transmission to humans resultsin areas with high rodent population densities. In the U.S., including Texas, Oklahoma, Louisiana, and Arkansas, the density of rodents that can cause hantavirus is high, according to the CDC. Because of these reasons, in North American countries, efforts to eliminate the increasing rodent population haveled to the high adoption of rodenticides.

The Asia Pacific market will develop at the highest pace due to the growing housing sector, which has led to increasing demand for pest control.A growing housing sector and a continuouslyimproving economy has pushed the overall demand for pest control, which in turn, has also stimulated the demand for rodenticides. The requirement for rodent protection products and facilities willgrow during the forecast period with the increasing number of new buildings. The Middle East is still an emerging player in the rodenticides market.

Key Developments in the Rodenticides Market:

  • Turner Pest Control (US), a Jacksonville-based Anticimex corporation, purchased Brandon Pest Control (US) in January 2019.
  • Brandon Pest Control (US) is a USD 8 million corporation dealing with the delivery of pest control services.
  • BASF (US) introduced Selontra rodent bait in April 2018, a gentle bait formula. This formula is a rodenticide based on cholecalciferol.

Some Key Findings of the Global Rodenticides Market Report Include:

  • The analysis includes global Rodenticides Market study, developments, and forecasts, along with a country-specific analysis.
  • An in-depth analysis of the global Rodenticides Market comprises category by Type, by Application, by End-user, and by Regions, along with the analysis of trend-based insights and factors.
  • Product offerings details on competitive benchmarking and development approach adopted by the industry players, along with their investments in the last five years in the global Rodenticides Market.
  • The market research includes a study of the provinces, limitations, drivers, prospects, guidelines, challenges, and procedures that are propelling the global Rodenticides Market.
  • The study also offers complex measures of potential market effect during the forecast period and provides an in-depth overview of the leading companies operating in the Global Rodenticides Market.
  • External as well as internal variables that are expected to have a positive or negative effect on the company have been evaluated, which will offer the decision-makers a strong futuristic view of the industry.
  • The research also helps understand the dynamics of the Rodenticides Market and structure by analyzing market segments and projecting the size of the Rodenticides Market.
  • Some major industry players functional in the global Rodenticides Market include BASF SE, Bayer Corp., Syngenta, UPL, Liphatech Inc., JT Eaton, Neogen Corporation, Pelgar International, Senestech Inc., Bell Laboratories, and Impex Europa, Rentokil Initial Plc, Terminix, Ecolab, Anticimex, Rollins, Truly Nolen, and Abell Pest Control.

Market Segmentation:

By Type:

  • Non-Anticoagulants
  • Anticoagulants

By Application:

  • Pellets
  • Sprays
  • Powders

By End-User:

  • Agriculture
  • Warehouses
  • Urban Centers
  • Others

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East
  • Rest of the world
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