USD 4.79 billion
Report ID:
SQMIG15C2034 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
88
|Figures:
76
Rodenticides Market size was valued at USD 4.98 Billion in 2023 and is poised to grow from USD 5.18 Billion in 2024 to USD 7.13 Billion by 2032, growing at a CAGR of 4.06% during the forecast period (2025-2032).
Increased costs of pest-related diseases, rising rodent population, rising consumer demand for pest control, and the availability of natural rodenticides are likely to be key factors driving market growth. Growth is likely to be driven in the coming future by increasing concerns about financial loss put on by rodent damage to agricultural fields. Demand, however, is likely going to be constrained by concerns about chemical substances used and their adverse effects on human beings and other living things. As a result, strict legal requirements strictly control product application.
Increasing rodent populations are a major contribution to the prevalence of infectious diseases such plague, hantavirus infection, and Lassa fever, which in turn have an adverse effect on the environment, wildlife, and humans. This has led to an increase in the use of different rodent control products in industrial, residential, and commercial environments.
Rodent control solutions are highly desired in the majority of big cities worldwide. Market players are involved in the creation of new products to successfully reduce the rodent population. Demand is anticipated to grow over the coming years as a result of an increase in the number of workplaces, hospitals, hotels, and residences as well as a preference for high standards of hygiene. Natural rodenticides are non-toxic to humans, pets, and wildlife and biodegradable. If accidentally consumed, they have no adverse effects on domestic animals or people, and they do not harm the natural world. Such products are also economically viable as they will not need special handling, storage, transportation, or disposal.
US Rodenticides Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.79 billion
Largest Segment
Anticoagulant
Fastest Growth
Non-anticoagulant
Growth Rate
4.06% CAGR
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Global Rodenticides Market is segmented based on product, form, application and region. Based on product the Rodenticides Market is segmented into anticoagulant and non-anticoagulant. Based on application the Rodenticides Market is segmented into pellets, block and powder & spray. Based on end user the Rodenticides Market is segmented into agriculture, pest control companies, warehouses, urban centers and households. Based on region the global Rodenticides Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Rodenticides Market Analysis by Product
According to their primary usage, rodenticides are segmented into anticoagulant and non-anticoagulant market segments. Warfarin, difethialone, bromadiolone, brodifacoum, and chlorophacinone are anticoagulants, while bromethalin, cholecalciferol, strychnine, sodium fluoroacetate, and zinc phosphide are some instances of chemical anticoagulant alternative. Rodents are fed this combination of active ingredients along with grains and vegetable oil.
Internal bleeding caused by anticoagulants can surely result in blood loss, which can cause death. First and second generation are further apart from them. Warfarin, chlorophacinone, and diphacinone are examples of first-generation anticoagulants, while bromadiolone, difenacoum, difethialone, and brodifacoum are second-generation anticoagulants. In 2023, the market segment had 77.8% of the global market.
Rodenticides Market Analysis by Application
Rodenticide use provides efficient and quick results in terms of eradicating rodents, which is expected to increase demand for them over the forecast period. It is anticipated that during the coming years, market growth will be limited by strict laws on the usage of active substances. The most common types of rodenticides include pellets, blocks, powder, and spray.
Grass, grains, seeds, plants, fruits, as well as junk and waste, are all consumed by rodents. Due to the enormous number of rats attracted by their seed-like shape, rodenticide pellets will likely see a rise in demand in the coming future. 43.4% of the global market share is projected to originate from this segment.
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The largest market share belongs to North America, which is projected to expand at a CAGR of 6.13% over the duration of the forecast period. The consumer market in North America currently offers rodenticide bait stations that include and/or are supplied with rodenticide bait that is in block or paste form. In rodenticides sold to the general public, pellet baits are no longer permitted. Rodenticides such as bromethalin, chlorophacinone, and diphacinone are used in the bait in ready-to-use bait station products. For the purpose of rat and/or mouse control, they are approved for the consumer market. If the bait station could be filled or refilled, the retail package may hold up to one pound of bait.
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Rodenticides Market Drivers
Increasing Demand for Food Safety and Hygiene to Bolster Market Growth
Rodenticides Market Restraints
Harmful Effects on Non-Target Species to Hinder Market Growth
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The global rodenticides market is highly competitive, with several players operating in the market. To increase their market share and solidify their positions in the global market, the corporations are implementing a variety of methods, including mergers and acquisitions, partnerships, and collaborations. They are also investing in research and development activities to develop new and innovative products to meet the changing customer demands and preferences.
Rodenticides Market Top Player’s Company Profiles
Rodenticides Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Rodenticides market is the market. Increased costs of pest-related diseases, rising rodent population, rising consumer demand for pest control, and the availability of natural rodenticides are likely to be key factors driving market growth. Growth is likely to be driven in the coming future by increasing concerns about financial loss put on by rodent damage to agricultural fields. Demand, however, is likely going to be constrained by concerns about chemical substances used and their adverse effects on human beings and other living things. As a result, strict legal requirements strictly control product application. There is an increasing focus on research and development activities to develop new and innovative rodenticide products that are more effective, safer, and more environmentally friendly. This trend is being driven by the need to meet the changing customer demands and preferences and the need to stay ahead of the competition in a highly competitive market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.79 billion |
Market size value in 2031 | USD 6.85 billion |
Growth Rate | 4.06% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Rodenticides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rodenticides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rodenticides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rodenticides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15C2034
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