Rodenticides Market Projected to Reach $5.9 Billion by 2025, at a CAGR of 3.7%

Northbrook, IL, USA, 2020-Jan-09 — /EPR Network/ — The report “Rodenticides Market by Type (Non-Anticoagulants, Anticoagulants (FGAR, SGAR)), End-Use Sector (Agricultural Fields, Warehouses, Urban Centers (Residential, Commercial)), Mode of Application (Pellets, Sprays, Powders), and Region – Global Forecast to 2025″, is projected to reach USD 5.9 billion by 2025, from USD 4.7 billion in 2019, at a CAGR of 3.7% during the forecast period.

The major factors that are expected to be driving the rodenticides market are increasing rodent population and increasing damage due to rodent attacks alongside opportunities such as development of non-toxic and third-generation anticoagulants, increasing government initiatives for rodent control. The objective of the report is to define, describe, and forecast rodenticide market based on type, mode of Application, end-use Sector, and region

Report Objectives:

• To describe and forecast the rodenticides market, in terms of type, mode of application, end-use sector, and region
• To describe and forecast the rodenticides market, in terms of value, by region–Asia Pacific, Europe, North America, South America, and the Rest of the World—along with their respective countries
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To study the complete value chain of rodenticides
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the rodenticides ecosystem
• To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
• To analyze strategic approaches, such as acquisitions & divestments, expansions, product launches & approvals, and agreements in the rodenticides market

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Increasing residential and commercial settings due to the migration of people from rural areas, resulting in the displacement of rats, is one of the major factors affecting the growth of the rodenticides market during the forecast period.

Rodenticides are used for the purpose of killing and repelling rodents from the areas susceptible to damages caused by rats in commercial settings, residential spaces, agricultural fields, and warehouses. People migrating from rural areas to urban centers triggered the rats to displace from their places, and these rats or rodents found their homes near to humans. This created the need for using rodenticides to get rid of these rodents. Furthermore, the increasing awareness among people and the consciousness towards health and hygiene also encouraged them to make use of the rodenticides.

By type, the anticoagulants segment dominated the rodenticides market in 2018.

Across the majority of the developed nation’s pesticide registry, anticoagulant rodenticides are the most widely approved products in the market. Active ingredients, such as bromadiolone and brodifacoum, have gained increased popularity among pest control operators for urban application. Thus, the anticoagulants segment dominated the overall rodenticides market, by type, due to the excessive use of second-generation anticoagulants. With the continuous use of first-generation anticoagulants, rodents developed resistance against the active ingredients, which, in turn, led to the development of second-generation anticoagulants. These are majorly being used for killing the rodents due to their efficacy to kill them in a single dose. However, there have been instances of resistance against second-generation anticoagulant rodenticides, and hence, research on better and efficient active ingredients has been taken up by the key manufacturers.

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North America is projected to dominate the rodenticides market by 2025.

The rodenticides market was dominated by North America in 2018 and is also projected to witness significant growth during the forecast period. This is due to the growing concerns of rodent attacks in the US. According to the Washington Post Company LLC (US), there were about 2 million New York City rats in 2014. According to Rentokil Initial Plc (UK), there are over 20,000 pest control service companies in North America; Orkin, Terminix, Rentokil, and Ecolab occupy a significant share in the market. Among all the pests, according to the same report, rodents were responsible for over 29% of pest incidents in America in 2017, 35% of which were from the North-Eastern region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of the companies in the rodenticide product market. These include BASF SE (Germany), Bayer (Germany), Syngenta (Switzerland), UPL (India), Liphatech Inc. (US), JT Eaton (US), Neogen Corporation (US), Pelgar International (UK), Senestech Inc. (US), Bell Laboratories (US), and Impex Europa (UK). The key players profiled under the rodenticide service market include Rentokil Initial Plc (UK), Terminix (US), Ecolab (US), Anticimex (Sweden), Rollins (US), Truly Nolen (US), and Abell Pest Control (Canada).

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