Rodenticides Market Size, Share, Growth Analysis, By Product(Anticoagulant and Non-anticoagulant), By Application(Pellets, Block and Powder & Spray), By End User(Agriculture, Pest control companies, Warehouses, Urban centers and Household), By Region - Industry Forecast 2024-2031

Global Rodenticides Market size was valued at around USD 4.79 billion in 2022 and is poised to grow from USD 4.98 billion in 2023 to USD 6.85 billion by 2031, at a CAGR of 4.06% over the forecast period (2024–2031).

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.