Rodenticides Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Rodenticides Market
The Rodenticides Market size was valued at USD 2.04 billion in 2019 and is projected to reach USD 3.10 billion by 2032, exhibiting a CAGR of 3.30% during the forecast period of 2024-2032.
The COVID-19 pandemic affected the rodenticides market in a couple of approaches. The worldwide lockdowns caused disruptions in supply chains, lowering the supply of uncooked materials and delaying production. Additionally, restrictions on agricultural sports constrained using rodenticides, impacting market increase. However, the demand for rodenticides witnessed a surge in city regions as lockdowns triggered a upward thrust in rodent infestations due to extended waste accumulation. With the gradual reopening of industries and resumption of agricultural practices, the market is slowly convalescing, showing signs and symptoms of stability and slow growth as deliver chains are restored.
A good sized fashion within the rodenticides marketplace is the growing adoption of eco-friendly and non-toxic rodenticides. Due to growing environmental concerns and stricter policies on chemical-based totally products, manufacturers are transferring toward plant-based totally and certainly derived rodenticides. These green options lessen the threat to non-goal species and the environment whilst successfully controlling rodent populations. The growing cognizance among customers approximately sustainable pest manage answers is riding this shift. As a end result, many companies are making an investment in research and improvement to provide effective but environmentally secure rodenticides.
The increasing agricultural area is a key using component for the rodenticides market. With the growing international call for for meals, there was an growth in agricultural sports, leading to large crop areas susceptible to rodent attacks. Rodents motive widespread crop harm, resulting in sizable monetary losses for farmers. To shield their yield and make sure meals safety, farmers are more and more counting on rodenticides to manipulate rodent infestations. This growing dependence on pest manage measures in agriculture is propelling the demand for rodenticides, boosting market boom globally.
Comprehensive Analysis of Rodenticides Market
The Rodenticides Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type, by form, by application. By Type include Anticoagulant, Non-Anticoagulant. By Form include Pellets, Powders, Sprays, Others (Granules, Blocks). By Application include Agricultural Fields, Warehouse, Pest Control Companies, Others (Urban Centres, Households, and others).
The North America location lead the Rodenticides Market share percentage via benefitting a marketplace size of USD 692.58 million A major factor for the dominance and growth of rodenticides across the region is the increasing number of residential societies and rising damage due to rodents.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
In August 2019, BASF SE introduced the launch of “Storm Ultra Secure”. This is a new rodenticide presented through the organization to professionals and amateurs. The product incorporates 25 elements in line with million (ppm) of the active substance flocoumafen and the product is to be had in a variety of sizes.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
CAGR3.46% (2020-2027)
Revenue Forecast in 2027USD 2.66 Billion
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
SegmentationBy Type
Anticoagulant
Non-Anticoagulant
By Form
Pellets
Powders
Sprays
Others (Granules, Blocks)
By Application
Agricultural Fields
Warehouse
Pest Control Companies
Others (Urban Centres, Households, and others)
By Region
North America (U.S., Canada, and Mexico)
Europe (Spain, Italy, France, Germany, United Kingdom, and the Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)
South America (Brazil, Argentina, and the Rest of South America)
Middle East & Africa (South Africa, Saudi Arabia, and the Rest of the MEA)
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