Over the forecast period of 2022–2030, the global rodenticides market is anticipated to expand at a compound annual growth rate (CAGR) of 4.9%.
Rodenticides are a subset of pesticides used to manage and eradicate numerous rodent species that can ruin crops, waste resources, and spread disease. Rodenticides' main purpose is to ensure that proper hygiene is maintained in specific environments and to get rid of rodents that could endanger people's health or commercial interests. To attract and destroy the rats that are present in cities, homes, farms, and warehouses, rodenticides are frequently manufactured and mixed with different foods.
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GROWTH DRIVERS:
Also, because of the expanding rodent population, the prevalence of contagious diseases like hantavirus infection, typhus, plague, and Lassa fever is rising quickly worldwide. These illnesses have a negative impact on not only the environment, but also the fauna that exists all over the world. Several rodent control devices in commercial, residential, and industrial applications have become increasingly crucial to battle this and stop the future spread of these diseases. Together with the above aspect, an increase in the use of integrated pest management for the commercial control of rodents is also predicted to create significant potential prospects for the worldwide rodenticides market during the forecast period.
Also, due to the dramatically increased demand for rodenticides, market participants are concentrating more on creating and announcing new products and activities to successfully meet consumer demand and manage the rodent population.
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Ample growth opportunities for the global rodenticides market are anticipated to be further generated by additional factors including the upsurge in the number of commercial and residential locations around the world, the growing urban population, the expanding agriculture sector, and the introduction of natural rodenticides over the course of the forecast period.
RODENTICIDES MARKET SEGMENTATION:
By Type:
• Non-anticoagulant
• Anticoagulant
o First-generation Anticoagulants
o Second-generation Anticoagulants
By Rodent Type:
• Rat
• Mouse
• Chipmunk
• Hamster
• Others
o Voles
o Gerbils
By Mode of Application:
• Pellet
• Spray
• Powder
• Blocks
• Others
By End-Use Sector:
• Agricultural fields
• Warehouses
• Residential
• Commercial
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
KEY COMPANIES IN RODENTICIDES MARKET:
• Neogen Corporation
• Rentokil Initial PLC
• Ecolab Inc
• Rollins Inc.
• BASF SE
• Bayer AG
• Syngenta
• Liphatech Inc.
• PelGar International
• JT Eaton
• Anticimex
• The Terminix International Company
• Bell Laboratories Inc.
• Abell Pest Control
• Futura Germany
• SenesTech Inc.
• Impex Europa S.L
• Reckitt Benckiser Group plc.
• Other Players
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