The global rodenticides market accounted for a value of USD 4.1 billion in 2019 and is projected to register growth at a CAGR of 3.2% during forecast period.
COVID-19 has slightly impacted the rodenticides market. The COVID-19 has not significantly affected the rodenticides market. The sales has been affected by pandemic however the operations and supply chain has no impact due to corona virus. Many manufacturing units are operating and the service providers are also providing rodenticides with full safety.
For more details, visit: Global Rodenticides Market By Type (Anticoagulant & Non-Anticoagulant), By Application (Pellet, Spray, Others), By Rodent Type (Rat, Hamster, Others), By End-Users (Warehouse, Residential, Others) By Region, Forecast & Opportunities to 2026
The climatic conditions are changing adversely around the globe and it is very significant factor for growing crops. The global warming is increasing rapidly around the world and the population is also increasing. The climate change affects the dynamics of rodents as they grow more in warm climate. The increasing disturbance leads to increase in rodents which increases requirement for rodenticides and drives growth in rodenticides market during forecast period.
On the basis of type, the rodenticides market is segmented into anticoagulant and non-anticoagulant. The anticoagulant market is estimated to be fastest growing segment during forecast period. Anticoagulant segment is further divided into first and second generation. The second generation anticoagulant rodenticides (SAGR) are more preferred as they are highly effective. Anticoagulants cause blood loss which further leads to death of rodents due to blood loss. It helps in blocking rodent’s ability to produce blood clotting factor which kills them. They are highly effective and this drives growth in rodenticides market during forecast period.
On the basis of end-users, the rodenticides market is segmented into agricultural fields, commercial, residential and warehouses. The residential segment is estimated to dominate the market during forecast period. The urbanization is increasing rapidly across various regions of the world. The income level is also increasing of the people and they lifestyle is also changing of people. The awareness in increasing among consumers about epidemic caused from rodent attacks. The residential sector is demanding use of chemical agents to reduce rodents. This drives growth in residential segment during forecast period.
Asia-Pacific region is projected to be fastest growing region during forecast period. The population is very large in this region and the demand for crops is also higher in this region. This region consists of large agricultural fields and the frequency of rodents attack is also very high across this region. Tokyo’s Tsukiji fish market which consists of 480 kinds of seafood and approx 270 types of fruits and vegetables business had to close due to rat infestation in 2018. The demand for rodenticides is very high in this region to reduce crop loss due to rodent attack. This drives growth in Asia-Pacific region during forecast period.
The key market players in rodenticides market are BASF SE, Bayer AG, Syngenta AG, UPL Ltd., Liphatech Inc., JT Eaton & Co., Neogen Corporation, Pelgar International, Rentokil Initial PLC, Senestech INC., Anticimex, Bell Laboratories Inc., Abell Pest Control, Impex Europa S.L., Rollins Inc., The Terminix International Company and Ecolab INC.
- What are the expected industry trends over the next three to five years?
- Which of the rodenticides type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?