Rodenticides Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG2353 | Last Updated On: Jul 04 2022 | Available Formats

> Global Rodenticides Market Expected to reach at a high CAGR of 3.5% by 2029: DataM Intelligence

Global Rodenticides Market is segmented By Type (Anticoagulants, Nonanticoagulants), By Form (Pellets, Powder, Others), By End-Use (Warehouses, Urban Communities (Residential, Commercial), Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Rodenticides Market" is expected to grow at a high CAGR of 3.5% during the forecasting period (2022-2029).

Rodenticides are pesticides that kill rodents, primarily rats and mice. The key benefits over usage of rodenticides as rat killer includes easy to use and place, single-dose kills, cost-effectiveness, child-resistant, and many others. Extensively used rodenticides in a commercial and residential application are anticoagulant groups, and it is further segmented into the first generation and second-generation active ingredients. First-generation rodenticide active ingredients require multiple dosages for the rodent to get a lethal dose, and second-generation active ingredients can be lethal with single-feeding. 

Market Dynamics:

Increasing investment by the commercial units, warehouses worldwide towards healthy maintenance of stock inside the unit is the major factor driving the global rodenticides market during the forecast period. Over the last few decades, rodents have been evolved as a high-risk element in maintaining seeds and other food-related product storage across the globe. The potential health-related issues with rodents led the residential communities to practice innovative measures to control movements and growth. According to the study published by the center for disease control and prevention, rodents can directly or indirectly transmit 35 different diseases, out of which many are lethal.  Additionally, increasing potential among the rodents towards food contamination and increased investments by the food companies towards control of rodent’s movements across the firm is driving the rodenticides market globally during the forecast period.

However, the availability of alternative measures for controlling rodents and their lethal effectiveness towards humans are major factors hindering the growth of the Rodenticides market globally during the forecast period.

Segment Analysis

The global rodenticides market is segmented based on type into anticoagulants and non-anticoagulants.

Anticoagulants dominate the global rodenticides market owing to their highly effective nature over their compatriots and low-hazard nature toward humans. Anticoagulants cause death in rodents by disrupting the normal function by clotting, resulting in death from internal bleeding. Anticoagulants include active ingredients warfarin, chlorophacinone, diphacinone, coumafurly, pindone, brodifacoum, bromadiolone, and difethialone. Anticoagulant baits' key advantages include low hazard towards people and animals and low-pain towards respective rodents and many others.  

Geographical Presentation

By region, the global Rodenticides market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

North America is expected to dominate the global rodenticides market during the forecast period owing to a huge market presence in manufacturing industries, warehouses, and growing investments by the communities towards rodents’ control. The companies and warehouses located across the region are focused on reducing their production and inventory loss through effective rodent management technologies that are driving the rodenticides market across North America during the forecast period. 

Competitive Analysis

The global rodenticides market is dominated by many companies and the rest by a large group of companies. The companies focus on improving their market share through innovative product launches with high efficiency and effectiveness in rodent control.

  • In April 2018, BASF AG launched innovative Selontra rident bait, a soft bait formulation, to offer pest management professionals, poultry and livestock growers with effective and efficient control.
  • In September 2018, Neogen Corporation launched Decimax Place Packs and Blocked a second-generation anticoagulant to control rats, mice, and meadow voles effectively.

Some of the key players in the global rodenticides market include BASF SE, Bayer AG, Neogen Corporation, are among many others.

Why Purchase the Report

  • Visualize the global rodenticides market's composition in terms of type, form, and end-use, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global rodenticides market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data f - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

**The global rodenticides report will provide access to approximately 53 market data tables, 44 figures, and 230 pages.

Target Audience

  • Investors/Investment Bankers
  • Pest Control Manufacturers
  • Distributors
  • Research Organizations

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