Anticoagulant Rodenticides Market to be dominated by 2nd generation anticoagulant type through 2028
Increasing
demand for rodent pest control services is expected to drive the growth of
global Anticoagulant Rodenticides in the forecast period, 2024-2028.
According
to TechSci Research report, “Anticoagulant Rodenticides Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the
Global Anticoagulant Rodenticides Market is anticipated to grow at an
impressive rate in the forecast period, 2024-2028. This can be
ascribed to the increasing rodent population along with the increasing
frequency of diseases related to rodents such as hantavirus, and leptospirosis
across the globe. Similarly, increasing the number of anticoagulant
rodenticides manufacturer companies along with growing demand for products that
will help to control the rodent population will further boost the growth of the
market during the forecasted period. Also, growing applications of rodenticides
in household, pest control, agriculture, and others will enhance the demand for
the anticoagulant rodenticides market over the years. Additionally, the growing
demand for natural rodent control products is anticipated to boost the growth
of the anticoagulant rodenticides market over the years. Additionally,
increasing investments made by the market players for the expansion of their
products such as developing powders, sprays, and baits with different
concentrations of the active ingredients thus propelling the growth of the
market in the forecast period. Also, growing demand for control of the
rodent population in the hospital, hospitality sector, storehouse and inhouse
will further propell the growth of the market during the forecasted period.
However,
the high cost of rodenticides along with a lack of awareness about using 2nd generation
rodenticides may hamper the market in the forecast period. Similarly, stringent
regulations and the ban on the use of rodenticides in developed countries may
restrain the growth of the market during the forecasted period. Also, the
growing contamination due to using excessive rodenticides contamination in soil
increased may hamper the Anticoagulant Rodenticides market growth during the
forecast period.
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Global
Anticoagulant Rodenticides market can be segmented by product type, form,
application, and by region.
Based on
Product Type, the global Anticoagulant Rodenticides market can be divided into 1st Generation Anticoagulant and 2nd
Generation Anticoagulant. The 2nd generation
anticoagulant rodenticides segment is expected to dominate the market in 2022
and is expected to continue maintaining its dominance throughout the forecast
period. Increasing
the demand for control of commensal rodents, primarily Norway rats, ship rats,
and house mice are expected to enhance the demand for the anticoagulant
rodenticides market during the forecast period. Similarly, increasing the
product’s capacity to feed one rodent at a time will further boost the growth
of the market in the forecast period.
Based on Form, the market can be segmented into Pellets, Blocks, Powders & Sprays. The block segment is expected to dominate the
market in 2022 and is expected to continue maintaining its dominance throughout
the forecast period. Due to the ability of anticoagulant rodenticides be fed
once, as opposed to several times with 1st generation anticoagulants.
Major
companies are operating in the global Anticoagulant Rodenticides market:
- BASF
SE.
- Bayer
AG.
- Syngenta
Crop Protection AG.
- PelGar
Interntional.
- Rentokil
Initial plc.
- UPL.
- Bell
Labs.
- Kalyan
Industries Limited.
- Heranba
Industries Ltd.
- NEOGEN
Corporation.
- Liphatech
Inc.
In
May 2021, BASF launched a novel rodenticide called as Selontra that can reduce
rodent infections in just seven days, it contains cholecalciferol which has an
active mechanism of action that mice are not known to be resistant. It has a
rapid onset of action and stops mouse feeding within 24 hours which will reduce
feed wastage and the biosecurity danger posed by rats in agriculture.
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“North
America is expected to dominate and register the highest growth in the global
Anticoagulant Rodenticides market on account due to the mindfulness concerning
the increased rodent population along with growing concerns regarding security
around warehouses, residential and commercial buildings also monitoring rodents
in agricultural fields across the region. Similarly, growing demand for 2nd generation
anticoagulant rodenticides over 1st generation rodenticides
because of their mode of action and harmfulness level will drive the growth of
the market in the forecasted period. Additionally, growing awareness about the
diseases spread by rodents is anticipated to fuel the growth of the market in
the forecasted period. Furthermore, the growing development of new guidelines
for the external usage of products that helps in rodent control is further
contributing to the demand for rodenticides and is further expected to support
the market growth. Additionally, climate change such as floods, heavy rainfall,
and cyclones are major reasons for rodent’s outbreaks which have led to an
increase in demand for rodenticides thereby creating lucrative opportunities
for market growth” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Global
Anticoagulant Rodenticides Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented
By Product Type (1st Generation Anticoagulant, 2nd Generation Anticoagulant),
By Form (Pellets, Blocks, Powders & Sprays), By Application (Agriculture,
Pest Control Companies, Warehouses, Urban Centers, Households, Others) and By Region”, has evaluated the future growth potential of
global Anticoagulant 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 global Anticoagulant Rodenticides market.
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