New York, United States , May 29, 2023 (GLOBE NEWSWIRE) -- The Global Rodenticides Market Size is to grow from USD 5.3 billion in 2022 to USD 9.3 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.7% during the projected period. The global rodenticides market has been steadily growing over the years, driven by rising urbanization, increased concern about rodent-borne diseases, and the need to protect food storage facilities and agricultural crops. Population growth, rising food demand, and expanding urban landscapes all have an impact on market size.
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The global rodenticides market includes products used to control rodent populations in agricultural, industrial, and residential settings. Rodenticides are poisons that are designed to kill rodents and come in a variety of forms such as baits, pellets, and powders. Global demand for rodent control services is increasing as people become more concerned about environmental pollution and the public health risks posed by vector-borne diseases. The growing population, combined with overexploitation and degradation of limited resources, is contributing to ecosystem degradation, which is causing global warming and temperature rise. As a result of these factors, pests' ability to survive across multiple seasons is improving, as evidenced by tropical pests' migration away from the equatorial region as a result of global warming. However, alternative rodent control methods, such as electronic repellents, ultrasonic devices, and natural repellents, may reduce the demand for traditional rodenticides. These alternatives may be perceived as safer or more environmentally friendly, limiting the market's potential growth.
Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on "Global Rodenticides Market Size, Share, and COVID-19 Impact Analysis, By Type (Anticoagulants, Non-Coagulants), By Mode of Application (Pellets, Spray, and Powder), By End Use (Agriculture, Warehouses, and Urban Centers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here:
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The anticoagulants segment is expected to hold the largest share of the global rodenticides market during the forecast period.
The global rodenticides market is divided into two types: anticoagulants and non-coagulants. Among these, anticoagulants are projected to account for the majority share of the global rodenticides market over the forecast period. Their long-term effectiveness and low cost can be attributed to their growth.
The pellets segment is expected to hold the largest share of the global rodenticides market during the forecast period.
The global rodenticides market is segmented into pellets, spray, and powder based on the mode of application. The pellets segment is projected to account for the majority share of the global rodenticides market over the forecast period. Pellet formulations are widely preferred due to their ease of use, controlled release of the active ingredient, and versatility in application methods, which can be attributed to segmental growth.
The agriculture segment is expected to hold the largest share of the global rodenticides market during the forecast period.
The global rodenticides market is classified into three end-use segments: agriculture, warehouses, and urban centers. Among these, agriculture is projected to account for the majority share of the global rodenticides market over the forecast period. Rodenticides are in high demand in the agricultural sector due to the significant economic impact of rodent damage to crops and stored grains.
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North America is estimated to hold the largest share of the global rodenticides market over the predicted timeframe.
North America is expected to hold the largest share of the global rodenticides market during the forecast period. The presence of extensive storage facilities, warehouses, and urban centers contributes to the region's demand for rodenticides. Stringent food safety and pest control regulations also contribute to market growth. During the forecast period, Asia Pacific is projected to expand at the highest pace in the global rodenticides market. Rapid industrialization and urbanization also contribute to market expansion, as warehouses, storage facilities, and urban areas necessitate effective rodent control.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Rodenticides Market include Bayer AG, UPL Limited, Anticimex, Rentokil Initial PLC, Liphatech, Inc., Bell Laboratories Inc., Abell Pest Control, BASF SE, Syngenta AG, Neogen Corporation, Ecolab Inc., Senestech, Inc., Rollins, Inc., JT Eaton & Co., Inc., Pelgar, and Others.
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Recent Developments
In March 2022, BASF launched its 2022 survey, designed specifically for farmers in the UK, to gather detailed information about rodent activity across the country. This survey will help farmers understand how to use rodenticides effectively and efficiently to control rodents such as rats and mice.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Rodenticides Market based on the below-mentioned segments:
Global Rodenticides Market, By Type
- Anticoagulants
- Non-Coagulants
Global Rodenticides Market, By Mode of Application
- Pellets
- Spray
- Powder
Global Rodenticides Market, By End Use
- Agriculture
- Warehouses
- Urban Centers
Global Rodenticides Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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