Rodenticides Market by Type (Anticoagulant Rodenticides, Non-Anticoagulant Rodenticides), Form (Pellets, Powders, Sprays), End-user - Global Forecast 2024-2030

Rodenticides Market by Type (Anticoagulant Rodenticides, Non-Anticoagulant Rodenticides), Form (Pellets, Powders, Sprays), End-user - Global Forecast 2024-2030

The Rodenticides Market size was estimated at USD 5.39 billion in 2023 and expected to reach USD 5.69 billion in 2024, at a CAGR 5.76% to reach USD 7.98 billion by 2030.

Rodenticides are chemical or biological agents specifically designed to control rodent populations, targeting species such as rats, mice, voles, and squirrels. These substances function through various mechanisms, including anticoagulants, which prevent blood clotting, and neurotoxins, which affect the nervous system. The application of rodenticides is crucial in agricultural, urban, and industrial settings to prevent food loss, property damage, and the spread of diseases. The primary drivers include increasing urbanization and the subsequent rise in rodent populations in urban areas, the growing need to protect crops from rodent infestations in agricultural sectors, and heightened awareness of rodent health risks. Additionally, the expansion of warehousing and storage facilities has escalated the need for effective rodent management strategies. The restraints include stringent regulatory requirements governing the use of rodenticides due to concerns over their environmental impact and toxicity to non-target species. Furthermore, developing resistance among rodent populations poses a significant challenge, necessitating continuous research efforts to develop more effective and safer products. Opportunities include the development of eco-friendly and biodegradable rodenticides, focusing on innovative delivery systems and formulations that minimize risks to non-target species and the environment. Emerging markets, particularly in the Asia-Pacific region, offer new avenues for expansion, driven by rapid urbanization and the need for effective pest control solutions in agricultural settings.

Regional Insights

The rodenticides market in the Americas is experiencing robust growth, primarily owing to extensive agricultural activities and the need to protect crops from rodent invasions. However, stringent environmental regulations in the region, especially concerning the use of chemical rodenticides, are pushing the market towards more eco-friendly and humane alternatives. Europe, with its well-established agricultural sector, strong regulatory framework, and heightened environmental consciousness, shows a preference for eco-friendly and sustainable rodenticide solutions. The European Union's strict regulations on chemical pesticides have accelerated the adoption of natural and biological rodenticides. In contrast, markets in the Middle East and Africa are still developing, with a mix of urban and agricultural demand driving the need for rodenticides. The APAC region is witnessing the fastest growth in the global rodenticides market, with rapid industrialization, agricultural development, and expanding urban areas. The region is also seeing a rise in the adoption of integrated pest management practices, which include the use of rodenticides as a key component.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Rodenticides Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Escalating demand to protect crops from rodent attacks
Supportive government initiatives and campaigns for rodent control

Market Restraints

Resistance in rodents toward certain active ingredients

Market Opportunities

Introduction of non-toxic and plant-based rodenticides
Growing trend towards integrated pest management

Market Challenges

Concerns associated with the environmental and non-target species impact

Market Segmentation Analysis

Form: Higher preferences for powder form rodenticides in larger commercial and industrial spaces
End-user: Significance of rodenticides in agricultural settings to safeguard crops and minimizing economic losses

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Rodenticides Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Rodenticides Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

BASF’s Selontra becomes the only professional rodenticide suitable for targeting field mice, Apodemus sylvaticus

BASF SE has innovatively expanded the label of its award-winning cholecalciferol-based rodenticide, Selontra, to now include approval for the control of field mice, & Apodemus sylvaticus, marking a significant advancement in pest management. In collaboration with Killgerm, BASF has responded to the pressing demand for an effective solution against these pests, making Selontra the first and only product in the market authorized for this purpose.

Target Specialty Products Introduces CITO Paste Soft Bait Rodenticide Paste

Target Specialty Products announces the introduction of the Strike Max CITO Paste, an advanced commercial rodenticide paste designed for both internal and external applications. This innovative soft bait solution features brodifacoum as its primary active ingredient, ensuring rapid effectiveness against rodent infestations. Specially formulated for convenience, the CITO Paste requires a simple set-up with a caulking gun and the correct bait station for optimal use.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Rodenticides Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Rodenticides Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Bayer AG, Bell Laboratories, Inc., C Rudduck Pty Ltd, DPC group corporatuion Ltd., EcoClear Products, Inc., Environmental Science U.S. Inc., HEBEI ENGE BIOTECH CO.,LTD., Impex Europa S.L., JT Eaton & Co., Inc., Kalyani Industries Limited, Kaput Products by Scimetrics Ltd Corp., Kassar Group SARL, Liphatech, Inc., LODI Group, Neogen Corporation, PelGar International Ltd., Rentokil Initial PLC, SenesTech, Inc., Shenzhen Eighty-Eight Industry Company Limited, Sumitomo Chemical Co., Ltd., Syngenta Crop Protection AG, UPL Ltd., Victor Pest, and Xuzhou Jinhe Chemicals Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Rodenticides Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Anticoagulant Rodenticides
First-Generation Anticoagulants
Chlorophacinone
Coumatetralyl
Diphacinone
Warfarin
Second-Generation Anticoagulants
Brodifacoum
Bromadiolone
Difenacoum
Difethialone
Flocoumafen
Non-Anticoagulant Rodenticides
Bromethalin
Cholecalciferol
Strychnine
Zinc Phosphide
Form
Pellets
Powders
Sprays
End-user
Agricultural Fields
Urban Centers
Warehouses
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year