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

Global 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).

The market is expected to grow as a result of an increase in rodent disease frequency, rodent population expansion, and rodent control demand. Due to the presence of numerous manufacturing firms and the increasing demands from key application industries including such household, pest control, agriculture, and others for products that assist in rodent control, the market is extremely competitive in nature.

Big manufacturers are growing their product lines by creating powders, sprays, and baits with various active ingredient concentrations, including Syngenta Crop Protection AG, BASF SE, and BAYER AG, among others. Anything can be eaten by rodents, including garbage, food scraps, vegetables, plants, grains, seeds, and grass. The majority of rodent diets consist of seeds, while certain species are also carnivorous. In contrast to pellets, powdered, or another form, spraying anticoagulant rodenticides on a surface increases the likelihood that birds and humans are becoming secondary harmed.

These products are used in homes, urban areas, and for agricultural purposes in addition to being used in warehouses and pest control businesses. The market for anticoagulant rodenticides is expected to expand during the forecast period due to the increased demand for rodenticides to control the rodent population. It is anticipated that factors including expanding rat populations, growing demand for rodent control, and the availability of natural rodent control solutions will spur market expansion during the forecast period.

The demand for efficient farming methods and increased agricultural yields using cutting-edge and novel technologies has increased as global concerns about food security grow. More chemicals are being used as a result of application performance rodent methods of control. The development of such products has placed a strong emphasis on how competitive they are with traditional rodent control solutions now available on the market.

US Anticoagulant Rodenticides Market is poised to grow at a sustainable CAGR for the next forecast year.