Rodenticides Market to be Dominated by Anti-Coagulant Rodenticides type through 2028
Increasing demand for rodenticides are expected to drive
Global Rodenticides Market in the forecast period, 2023-2028.
According to TechSci Research report, “Rodenticides Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028”,
the global rodenticides market is
anticipated to grow at an impressive rate in the forecast period, 2023-2028.
This can be ascribed to the rising urbanization and industrialization and
coupled with the rate of rodent displacement in the urban areas and demand for pest
control in industrial areas are expected to boost the market growth in the
forecast period. Similarly, increasing prevalence of pest related diseases and
availability of natural rodenticides, increasing concern regarding economic
loss associated with damage caused by rodents in the agricultural field,
increasing demand for rodent control pastes, offices, hospitals, hotels and
housing and high preference for hygiene control will propel the rodenticides market
growth in the forecast period.
However, increasing
the uses of chemical rodenticides in the urban areas may pose negative impact
on the environment and ecosystem which can hamper the rodenticides market. The stringent
and rigorous regulatory requirements to launch new rodenticides is the main
factor which will hamper the Global Rodenticides Market in the forecast period.
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Global rodenticides market is segmented by type, mode of
application, rodent type, end use and by region.
Based on Type, the global rodenticides market can be segmented into Anticoagulant
Rodenticides and Non-coagulant Rodenticides.
The anticoagulant rodenticides are expected to dominate the market for the
forecast period because it kills rodents but is less toxic to human and other
animals.
Based on Mode of Application, the Global Rodenticides Market can be segmented into Pellet, Spray, and Powder. Pellet rodenticides is predicted to dominate
the market in 2022 and maintain its dominance throughout the forecast period. .
It attracts rodents andis used to control rodent infestations such as house
mice and black/ grey rats.
Based on End Use, the global rodenticides market
can be segmented into Agricultural Fields, Warehouses, and Urban Centers. The warehouse segments are expected to
dominate the market in 2022 and maintain its dominance throughout the forecast
period. However, increasing damage
caused by rodents to store gain, farm equipment, and field crops in the
agricultural industry and increasing occurrences related to damage of electric
wirings and walls in commercial and residential buildings are further expected
to propel the growth of the rodenticides market in the forecast period.
Major companies operating in global rodenticides market are:
- BASF SE
- Bayer CropScience Limited
- Syngenta AG
- UPL Limited
- Neogen Corporation
- Ecolab Inc.
- Rentokil Initial PLC
- Senestech, Inc.
- Rollins, Inc.
- Liphatech, Inc.
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“North America region is expected to register the highest growth in the Global
Rodenticides Market on account due to the presence of many manufacturers,
coupled with high standards of hygiene. Different local and regional players,
increasing initiatives by government organizations to create an awareness about
using rodenticides, increasing demand for pellet rodenticide, growing
application of commercial rodenticides, increasing availability of raw
materials, is further expected to support the market growth. Additionally, large
scale production of rodenticides and government initiatives to control the
damage of crops because of rodents is expected to propel the market growth till
2028” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Rodenticides
Market - 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 and Competition”, 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 rodenticides market.
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