Rodenticides Market by Form (Pellets, Powders, Sprays, and Others), Application (Agriculture, Warehouses, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 5.65 billion mark in 2022 and is expected to hit US$ 7.45 billion by 2030, recording a CAGR of 5.9% during the forecast period.
Increasing adoption of pest control practices to support rodenticides market.
Rats, mice, and other rodents are increasingly causing human illness and deaths. As per the National Pest Management Association’s data, rodents invade nearly 21 million US households every winter. Increasing household consumer necessities of availing pest control services is expected to increase the demand for the rodenticides among them, thereby driving the market growth. In addition, increasing governmental emphasis on implementing pest control management practices at commercial infrastructural settings is likely to accelerate rodenticides’ demand during the forecast period of 2022-2030. Rodenticides containing anticoagulant chemicals are highly efficient in preventing rats from spreading the toxicity in the food items. This aspect is primarily resulting in the significant consumer demand for the anticoagulant-based rodenticides.
Within the report, the market is segmented into form, application, and geography. On the basis of form, the market is bifurcated into pellets, powders, sprays, and others. By application, the market is categorized into agriculture, warehouses, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Development of the third-generation rodenticides to favor market growth
Rodenticides equipped with Bromadiolone anticoagulant properties are highly efficient in lowering the mice, rat, and other rodent-borne diseases. Increasing concerns of toxicity effects of rodenticides to human beings and animals other than rodents is pushing manufacturers toward developing eco-friendly, third generation rodenticides, thereby support in the future development of the market. For instance, in July 2022, Liphatech, Inc., a US-based manufacturer of rodenticides launched Flatline Soft Bait, a third-generation rodenticide product for the pest control divisions in Canada.
Rising adoption in various application areas is one of the major factors accelerating the market growth.
Rodenticides are widely used in various settings such as agricultural farms, warehouses, residences, etc. Food manufacturers implement pest control management practices to limit the incidences of spoilage of finished and semi-finished food items in their warehouse facility. This aspect could support the warehouses’ segmental growth. Besides, increasing crop damaging issues due to the adherence of rats, mice, and other rodents at the agricultural farms is likely to increase the product demand globally. Residences segment is mainly driven by the increasing housing infrastructural facilities requiring pest control management services globally.
Recent strategic developments in rodenticides market
The rodenticides market has undergone several significant developments, and a few of these have been mentioned below:
- In September 2021, Bell Laboratories introduced ‘Contrac California Bromethalin Soft Bait,’ a newly registered rodenticide product in California, US.
- In April 2021, BASF SE unveiled a new, resistance breaking cholecalciferol ingredient, rodentrodenticide, Selontra to break the cycle of resistance and cause deaths to the rodents.
- In July 2021, Bayer AG, a German pharmaceutical company launched ‘Harmonix Rodent Paste,’ a pest control management solution to prevent rodents in the indoor and outdoor places.
The rodenticides market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BASF SE, UPL, Rentokil Initial PLC, Bayer AG, Neogen Corporation are among the prominent players operating in the market.
Target audience for the report:
- Rodenticides manufacturers
- Raw material providers
- Rodenticide products’ suppliers
- Pest control service providers
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Semiconductor component suppliers
- Display panel and devices distributors and sales firms
- End users of display devices
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Form
- Pellets
- Powders
- Sprays
- Others
- Application:
- Agriculture
- Warehouses
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- BASF SE
- UPL
- Rentokil Initial PLC
- Bayer AG
- Neogen Corporation
Companies profiled
- BASF SE
- UPL
- Rentokil Initial PLC
- Bayer AG
- Neogen Corporation