Rodenticides Market to Grow with a CAGR of 4.71% through 2028
Increasing Damage Caused by Rodent Attacks and Growing
Adoption of Integrated Pest Management Practices are factors driving the Global
Rodenticides Market in the forecast period 2024-2028.
According to
TechSci Research report, “Rodenticides Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the Global Rodenticides
Market stood at USD 4920.66 Million in 2022 and is anticipated to grow with a CAGR
of 4.71% in the forecast period, 2024-2029. The Rodenticides Market holds
a pivotal position within the pest control industry, offering vital solutions
to address the challenges posed by rodent infestations across diverse sectors
such as agriculture, urban areas, and industrial facilities. These chemical
agents, known as rodenticides, are specifically designed to efficiently control
and manage rodent populations. Given the substantial risks that rodents pose to
food supplies, structures, and public health, the rodenticides market has
evolved into a crucial component for safeguarding these domains.
Browse
over 147 market data Figures spread through 276 Pages and an in-depth TOC
on "Global Rodenticides Market”
The Rodenticides Market is
significantly fueled by the ongoing and prevalent threat presented by diseases
transmitted by rodents and the extensive damage inflicted on crops. Rats and
mice, among other rodents, serve as carriers for diseases such as
leptospirosis, hantavirus, and salmonellosis, underscoring the critical need
for effective rodent control to safeguard public health. Furthermore, rodents
are notorious for causing harm to crops, contaminating food supplies, and
contributing to structural damage in buildings, resulting in considerable economic
losses. This has led to a heightened demand for rodenticides across various
sectors, including agriculture, residential areas, and commercial
establishments.
The Global Rodenticides
Market is segmented into type, mode of application, rodent type, end use, region,
and company.
Based on type, Anticoagulant
Rodenticides are witnessing the fastest growth in the Rodenticides Market due
to their efficacy in rodent control. These compounds interfere with blood
clotting, leading to internal bleeding and eventual mortality in targeted
rodents. Their widespread adoption is driven by their potency, long-lasting
effects, and relatively low risk to non-target species. Additionally, the
escalating concern over traditional rodenticides' environmental impact has
spurred the demand for anticoagulant alternatives. As regulations tighten and
awareness of ecosystem preservation grows, the market is increasingly favoring
anticoagulant rodenticides, making them a pivotal and rapidly expanding segment
in the broader rodenticides industry.
Based on region,
The Asia-Pacific region is experiencing the fastest
growth in the Rodenticides Market, propelled by a surge in rodent-related
challenges across diverse sectors. Rapid urbanization, expanding agricultural
activities, and increasing awareness of hygiene and disease prevention have
intensified the need for effective rodent control measures. As the region
witnesses substantial economic development, there is a heightened focus on
protecting food supplies, infrastructure, and public health from rodent
threats. Government initiatives, evolving regulatory frameworks, and a growing
population contribute to the escalating demand for rodenticides in
Asia-Pacific, positioning it as the fastest-growing market for these critical
pest control solutions.
Major companies
operating in Global Rodenticides Market are:
- BASF
SE
- Syngenta
AG
- UPL
Limited
- Neogen
Corporation
- Liphatech,
Inc
- Bayer
CropScience Limited (Envu)
- Ecolab
Inc.
- Rentokil
Initial PLC
- Senestech,
Inc.
- Rollins,
Inc.
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“The future of
the Rodenticides Market is poised for advancements driven by innovations in
sustainable and environmentally friendly formulations. Growing awareness of the
ecological impact of rodenticides is fostering research into biodegradable and
target-specific alternatives. Integrated pest management strategies, combining
biological controls and digital technologies, are likely to shape the market
landscape. With increasing global concerns about food security and health, the
demand for efficient rodent control solutions is expected to rise.
Collaborations between industry players and regulatory bodies to develop safer
products may redefine the market, aligning it with the principles of ecological
balance and human safety in the years ahead.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Rodenticides Market, 2028- Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented By
Type (Anticoagulant Rodenticides v/s Non-coagulant Rodenticides), By Mode of
Application (Pellet, Spray, Powder), By Rodent Type (Rat, Mice, Chipmunk,
Hamster, Others), By End Use (Agricultural Fields, Warehouses, Urban Centers), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Rodenticides Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Rodenticides Market.
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