Rodenticides Market is Estimated at USD 4.7 Billion in 2019 and Projected to Grow at a CAGR of 3.7% to Reach USD 5.9 Billion by 2025 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Rodenticides
Market by Type (Non-Anticoagulants, Anticoagulants (FGAR, SGAR)),
End-Use Sector (Agricultural Fields, Warehouses, Urban Centers), Mode of
Application (Pellets, Sprays, Powders) & Region – Global Forecast to
2025”
report has been added to ResearchAndMarkets.com’s
offering.

The Rodenticides Market is Estimated at USD 4.7 Billion in 2019 and
Projected to Grow at a CAGR of 3.7% to Reach USD 5.9 Billion by 2025.

Urbanization and public awareness regarding chemical
rodenticides support market growth.

The growth of the rodenticides market is driven by a rapid increase in
urbanization and industrialization, which create the need for pest and
rodent control. Global warming and increase in temperature are the
issues of concern since the warmer climate is one of the reasons for the
increase in the rodent population in the urban areas, which, in turn,
gears the market growth for rodenticides.

The anticoagulants segment, by type, dominated the market
with a larger share in 2018.

On the basis of type, the rodenticides market is classified into
non-anticoagulant rodenticides and anticoagulant rodenticides. The
anticoagulants play a major role in the control of commensal rodents
such as Norway rats, ship rats, and house mice. About 95% of the
chemical control of rodents in the US is done using anticoagulants.
Depending on the intensity of the dosage and number of doses, they are
further categorized into first-generation anticoagulants and
second-generation anticoagulants. The second-generation anticoagulants
are more effective, as they provide results after a single dosage and
does require second positioning of the product.

The pellets segment accounted for the largest share in 2018.

Based on the mode of application, pellets are observed to hold a
dominant share in the rodenticides market. Most of the companies offer
rodenticide products in the pellet form, as they can be easily used with
the coating of baits around them. Pellets are one of the most
cost-effective solid baits and can be kept in bait stations to protect
them from the reach of the children when used in residential areas.
Apart from pellets, fumigant, spray, and powder modes of application are
also used according to the feasibility of the application area.

The urban centers segment, by end-use sector, holds the
dominant market share in the rodenticides market.

Based on end use, the urban centers segment, not only dominates the
rodenticides market but also is projected to hold the largest market
share between 2019 and 2025. Urban centers include both residential as
well as commercial spaces. The high pace of urbanization, along with the
increasing living standards of the people, leads to intolerance of
rodents. Moreover, the development of public hygiene programs in regions
like the US and Paris with a larger population living in urban areas,
support the growth of the rodenticides market in urban centers.

High growth is projected in the Asia Pacific rodenticides
market.

The Asia Pacific market is projected to be the fastest-growing market
for the period considered for this study. The region’s growing
concentration of urban population poses a strong potential for
rodenticide manufacturers and pest control service providers. The
effects of climate change, and in certain cases, the negligence toward
sanitary conditions in urban slums have resulted in multiple disease
outbreaks. Improvements in legislation and policies surrounding the
requirement of rodent control have benefitted rodent control service
providers in the Asia Pacific region. To meet the increasing demand for
food and to reduce the crop damage caused by rodents, the use of
rodenticides has increased significantly in the region.

Market Dynamics

Drivers

  • Increasing Rodent Population
  • Urbanization Causing Rat Displacement
  • Impact of Climate Change on the Breeding of Rats
  • Increasing Damage Due to Rodent Attack

Restraints

  • Stringent Regulations and Ban on the Use of Rodenticides in Developed
    Countries
  • Increasing Use of Mechanical Methods for Rodent Control

Opportunities

  • Development of Non-Toxic and Third-Generation Anticoagulants
  • Increasing Government Initiatives and Support of Public Corporations
    for Rodent Control

Challenges

  • Resistance Against Anticoagulant Rodenticides
  • High Toxicity of Rodenticides

Leading players profiled in this report:

Rodenticide Product Manufacturers:

  • BASF SE (Germany)
  • Bayer (Germany)
  • Syngenta (Switzerland)
  • UPL (India)
  • Liphatech Inc. (US)
  • JT Eaton (US)
  • Neogen Corporation (US)
  • Pelgar International (UK)
  • Senestech Inc. (US)
  • Bell Laboratories (US)
  • Impex Europa (UK)

Rodenticide Service Providers:

  • Rentokil Initial Plc (UK)
  • Terminix (US)
  • Ecolab (US)
  • Anticimex (Sweden)
  • Rollins (US)
  • Truly Nolen (US)
  • Abell Pest Control (Canada)

For more information about this report visit https://www.researchandmarkets.com/r/hyijvu

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Related
Topics: Agrochemicals
and Fertilizers