What is the global market size of the Anticoagulant Rodenticides Market?

Global Anticoagulant Rodenticides Market size was valued at around USD 699.4 million in 2021 and is poised to grow from USD 723.18 million in 2022 to USD 913.6 million by 2030, at a CAGR of 3.4% over the forecast period (2023–2030).

Anticoagulant Rodenticides Market Size, Share, Growth Analysis, By Product Type(1st Generation Anticoagulants and 2nd Generation Anticoagulants), By Form(Pellets, Blocks and Powders & Sprays), By Application(Agriculture, Pest Control Companies, Warehouses, Urban Canters), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15C2033 | Region: Global | Published Date: July, 2024
Pages: 184 | Tables: 90 | Figures: 66

Anticoagulant Rodenticides Market Dynamics

Anticoagulant Rodenticides Market Drivers

Benefits of Anticoagulant Rodenticides to Bolster its Sales during Forecast Period

A growing realization of the advantages of using anticoagulant rodenticides, such as their effectiveness in controlling rodents, their lasting effects, and their minimal toxicity to organisms other than the target.

Anticoagulant Rodenticides Market Restraints

Harmful Impact on Environment to Hinder Market Growth

Concerns over the negative impact of rodenticides on the environment and non-target organisms, including birds of prey and mammals that feed on rodents.

Increasing regulatory scrutiny and restrictions on the use of certain anticoagulant rodenticide products due to their harmful effects on non-target organisms.

Anticoagulant Rodenticides Market Report Snapshots

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Anticoagulant Rodenticides Market size was valued at USD 723.18 million in 2022 and is poised to grow from USD 747.77 million in 2023 to USD 977.08 million by 2031, at a CAGR of 3.40% during the forecast period (2024-2031).

Due to the industry's intense competition, diversified product offering, and wide geographic distribution of vendors. The manufacturers are always working to develop a variety of active components for anticoagulant-based rodent control products. For instance, BASF SE introduced the anticoagulant rodenticide "Leo Miao" in May 2021 in order to manage rats in the livestock industry. In an effort to keep up with the need for a sustainable future, manufacturing companies are making a lot of effort to broaden their product offerings and provide products derived from natural sources. ' NEOGEN Corporation ', ' Syngenta Crop Protection AG ', ' BASF SE ', ' PelGar International ', ' Rentokil Initial plc ', ' Bayer AG ', ' Liphatech, Inc. ', ' UPL ', ' JT Eaton ', ' Senestech Inc. '

A growing realization of the advantages of using anticoagulant rodenticides, such as their effectiveness in controlling rodents, their lasting effects, and their minimal toxicity to organisms other than the target.

As awareness about the environmental impact of anticoagulant rodenticides increases, there has been a growing demand for sustainable and non-toxic pest control methods. This has led to the development and adoption of alternative pest control methods such as integrated pest management, non-toxic baits, and physical exclusion techniques.

North America dominates the market for anticoagulants rodenticides due to the high rodent population densities that cause an increase in rodent-borne diseases, such as Hantavirus infections and its human transmission. According to the CDC, there are a lot of rats in developed nations that can spread the hantavirus. Due to the numerous producers and there are strict hygiene standards, the market for anticoagulants and rodenticides is also growing.

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Anticoagulant Rodenticides Market Dynamics

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