Global Rodenticides Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Product;
Anticoagulant, Non-anticoagulant.By Form;
Pellets, Blocks, Powder.By Application;
Pest Control Companies, Warehouses, Household.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Rodenticides Market (USD Million), 2020 - 2030
In the year 2023, the Global Rodenticides Market was valued at USD 6,613.74 million. The size of this market is expected to increase to USD 10,076.71 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.
Global rodenticides market is a significant segment of the pest control industry, aimed at managing rodent populations that pose threats to human health, food security, and infrastructure. Rodenticides are chemical substances designed to kill rodents, including rats, mice, and other pests. These products are used in various settings, including agriculture, urban areas, and industrial facilities, to control rodent infestations and mitigate the damage they cause.
The market for rodenticides is driven by factors such as the increasing prevalence of rodent-borne diseases, growing concerns about food contamination, and the expansion of urban and industrial areas. Additionally, regulatory efforts to promote the responsible use of rodenticides and the development of safer, more effective formulations are shaping the market landscape. As a result, the global rodenticides market continues to evolve, offering a range of products and solutions to address the challenges posed by rodent infestations.
Global Rodenticides Market Report Snapshot
Recent Development
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In April 2023, Target Specialty Products introduced Strike MAX CITO Paste, a commercial rodenticide paste known for its rapid action and user-friendly application. Engineered for both internal and external use, it functions as a soft bait paste, with its swift efficacy attributed to its primary component, brodifacoum.
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In January 2022, Syngenta Crop Protection AG successfully completed the acquisition of two advanced bio-insecticides, UniSpore and NemaTrident, from BIONEMA, a developer of biocontrol technology based in UK. This acquisition is intended to address a diverse array of insects and pests in ornamentals and horticulture, forestry, and turf amenity sectors, thus offering customers an expanded range of solutions.
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In June 2022, FGV Agri Services Sdn. Bhd. unveiled an environment-friendly rodenticide, the Butik S, tailored for paddy crops in Malaysia. As a contribution to the Paddy Production Incentive Scheme (SIPP), the pioneering rodenticide has been specially designed for cage owl integration. This anti-coagulant bait is formulated using a blend of substances that are enticing to rodents, and its shape, weight, and color are carefully crafted to attract rats effectively.
Parameters | Description |
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Market | Global Rodenticides Market |
Study Period | 2020 - 2030 |
Base Year (for Rodenticides Market Size Estimates) | 2023 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
This report extensively covers different segments of Global Rodenticides Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Rodenticides Segment Analysis
In this report, the Global Rodenticides Market , Segmented by Product, Form , Application, and Geography.
Global Rodenticides Market, Segmentation by Product
Global Rodenticides Market , Segmented by Product into Anticoagulant, Non-anticoagulant.
Anticoagulant rodenticides are the most commonly used type and work by interfering with the blood-clotting process in rodents, leading to internal bleeding and eventual death. These products are effective against a wide range of rodent species and are available in various formulations such as baits, pellets, and blocks.Non-anticoagulant rodenticides, on the other hand, work by different mechanisms, such as disrupting the nervous system or causing dehydration, leading to the death of rodents. These products are often used as an alternative to anticoagulant rodenticides, especially in cases where rodents have developed resistance to anticoagulants.
Non-anticoagulant rodenticides are available in various formulations, including baits, gels, and powders.The segmentation of the global rodenticides market into anticoagulant and non-anticoagulant products reflects the diverse range of options available for rodent control. Both types of rodenticides play an important role in pest management programs, offering effective solutions for controlling rodent populations and mitigating the risks they pose to human health and infrastructure.
Global Rodenticides Market, Segmentation by Form
Global Rodenticides Market, Segmented by Form into Pellets, Blocks, Powder.
Pellets are one of the most common forms of rodenticides, providing a convenient and easy-to-use solution for baiting rodents. These small, cylindrical pellets can be scattered in areas where rodents are active or placed in bait stations for controlled application.Blocks are another popular form of rodenticides, characterized by their solid, block-like shape. These blocks are often designed with a hole in the center, allowing them to be secured on bait rods or placed in bait stations. Blocks provide a long-lasting solution for rodent control, as they are resistant to weathering and can withstand harsh environmental conditions.
Powdered rodenticides offer a versatile option for targeting rodents in hard-to-reach areas or for treating large infestations. These fine powders can be applied directly to surfaces or mixed with bait to increase palatability. Powdered rodenticides are particularly effective for controlling rodents in areas with high levels of moisture or humidity, where other forms of rodenticides may degrade more quickly.
Global Rodenticides Market, Segmentation by Application
The Global Rodenticides Market, Segmented by Application into Pest Control Companies, Warehouses, Household.
Reflecting the diverse range of settings where rodent control is necessary. Pest control companies are a key segment of the market, providing professional rodent control services to residential, commercial, and industrial clients. These companies often use a combination of rodenticides and other pest control methods to effectively manage rodent infestations.Warehouses represent another significant application area for rodenticides, as these facilities are susceptible to rodent infestations due to the presence of stored goods and food supplies.
Rodenticides are used in warehouses to prevent damage to stored products and ensure compliance with hygiene and safety standards.Households are also a major consumer of rodenticides, especially in urban and suburban areas where rodents can pose a threat to human health and property. Rodenticides designed for household use are available in various forms, such as baits, traps, and sprays, providing consumers with options for controlling rodents in and around their homes.
Global Rodenticides Market, Segmentation by Geography
In this report, the Global Rodenticides Market ,Segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Rodenticides Market Share (%), by Geographical Region, 2023
Each region presents unique opportunities and challenges for the rodenticides market, driven by factors such as climate, urbanization, and agricultural practices.North America and Europe are mature markets for rodenticides, with well-established pest control industries and stringent regulations governing the use of rodenticides. These regions have a strong focus on sustainability and environmental protection, leading to a growing demand for safer and more environmentally friendly rodenticide formulations.Asia Pacific, on the other hand, is a rapidly growing market for rodenticides, driven by increasing urbanization and industrialization. The region's diverse climates and agricultural practices create varied pest control challenges, offering opportunities for innovative rodenticide solutions tailored to local needs.
In the Middle East and Africa, rodenticides play a crucial role in controlling rodent populations that pose threats to agriculture and public health. The region's arid climates and growing urban areas create ideal conditions for rodent infestations, driving the demand for effective rodenticide products.Latin America is another emerging market for rodenticides, driven by expanding agricultural activities and urbanization. The region's rich biodiversity and diverse ecosystems present unique challenges for rodent control, creating opportunities for the development of specialized rodenticide solutions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Rodenticides Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Rodent Infestations
- Growing Awareness of Health Risks
- Expansion of Agriculture and Food Storage Facilities
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Regulatory Support for Pest Control:- Regulatory support for pest control is a significant driver for the global rodenticides market. Governments and regulatory bodies worldwide play a crucial role in ensuring the safe and effective use of rodenticides through the implementation of regulations and guidelines. These regulations often require the registration and approval of rodenticide products before they can be sold or used, ensuring that they meet safety and efficacy standards.
Regulatory support for integrated pest management (IPM) practices promotes the use of rodenticides in conjunction with other control methods, such as trapping and habitat modification. This approach emphasizes the importance of sustainable and environmentally friendly pest control strategies, driving the development and adoption of innovative rodenticide formulations and techniques. Overall, regulatory support provides a framework for the responsible use of rodenticides, promoting public health and safety while minimizing environmental impacts.
Restraints
- Environmental Concerns
- Regulatory Restrictions
- Development of Resistance
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Public Perception and Awareness:- Public perception and awareness can be a significant restraint for the global rodenticides market. Increasing concerns about the impact of rodenticides on non-target species and the environment have led to negative perceptions among consumers. This has resulted in a shift towards more environmentally friendly and humane pest control methods, reducing the demand for traditional rodenticide products. Heightened awareness of animal welfare issues and the potential risks associated with rodenticide exposure has led to stricter regulations and restrictions on the use of certain rodenticide products.
These regulations aim to protect wildlife and reduce the risk of secondary poisoning, but they can also limit the availability and use of rodenticides, impacting market growth. Overall, public perception and awareness play a significant role in shaping consumer behavior and influencing the market dynamics of the rodenticides industry.
Opportunities
- Development of Safer Formulations
- Expansion of Integrated Pest Management (IPM) Practices
- Growing Demand in Emerging Markets
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Technological Advancements:- Technological advancements offer significant opportunities for the global rodenticides market. The development of more effective and environmentally friendly rodenticide formulations is a key area of opportunity. Advances in formulation technology can lead to products that are more targeted towards rodents, reducing the risk of exposure to non-target species and minimizing environmental impact.
Technological innovations in delivery systems and monitoring tools can enhance the efficacy and safety of rodenticides. For example, the development of smart bait stations with sensors and cameras can improve the targeting of rodents and provide real-time monitoring of bait consumption. Such advancements not only improve the effectiveness of rodent control programs but also reduce the risk of accidental exposure to rodenticides, making them more attractive to consumers and regulators alike.
Competitive Landscape Analysis
Key players in Global Rodenticides Market include
- BASF
- Bayer AG
- Rentokil Initial PLC
- Neogen Corporation
- Bell Laboratories Inc.
- Liphatech Inc.
- Impex Europa
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Form
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Rodenticides Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Rodent Infestations
- Growing Awareness of Health Risks
- Expansion of Agriculture and Food Storage Facilities
- Regulatory Support for Pest Control
- Restraints
- Environmental Concerns
- Regulatory Restrictions
- Development of Resistance
- Public Perception and Awareness
- Opportunities
- Development of Safer Formulations
- Expansion of Integrated Pest Management (IPM) Practices
- Growing Demand in Emerging Markets
- Technological Advancements
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Rodenticides Market, By Product, 2022 - 2032 (USD Million)
- Anticoagulant
- Non-anticoagulant
- Global Rodenticides Market, By Form, 2022 - 2032 (USD Million)
- Pellets
- Blocks
- Powder
- Global Rodenticides Market, By Application, 2022 - 2032 (USD Million)
- Pest Control Companies
- Warehouses
- Household
- Global Rodenticides Market, By Geography, 2022 - 2032 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Rodenticides Market, By Product, 2022 - 2032 (USD Million)
- Competitive Landscape
- Company Profile
- BASF
- Bayer AG
- Rentokil Initial PLC
- Neogen Corporation
- Bell Laboratories Inc.
- Liphatech Inc.
- Impex Europa
- Company Profile
- Analyst Views
- Future Outlook of the Market
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