Rodenticides Market Forecasts to 2028 – Global Analysis By Type (Anticoagulant and Non-Anticoagulant), Form (Powders, Pellet, Sprays, Granules and Others Forms), Application (Agricultural Fields, Pest Control Companies, Warehouse, Households and Other App

Rodenticides Market Forecasts to 2028 – Global Analysis By Type (Anticoagulant and Non-Anticoagulant), Form (Powders, Pellet, Sprays, Granules and Others Forms), Application (Agricultural Fields, Pest Control Companies, Warehouse, Households and Other Applications) and By Geography

According tStratistics MRC, the Global Rodenticides Market is accounted for $2.39 billion in 2022 and is expected treach $3.30 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Rodents are more well-known pests that cause crop damage in the field and during storage. They alsserve as vectors for the spread of public health disorders such Hantavirus infection, plague, and typhus. This has increased the use of these items in residential, commercial, and industrial settings. The expansion of residential and commercial areas has increased pressure on government authorities tmaintain cleanliness standards, which is expected tincrease demand for these rodenticides.

According tthe Office for National Statistics (UK) and HM Revenue and Customs, the total export value of rodenticides and molluscicides from EU and non-EU markets in the United Kingdom fell significantly from USD 43.6 million in 2013 tUSD 4.7 million in 2018.

Market Dynamics:

Driver:

Increasing Integrated Pest Management (IPM) Techniques

More human illnesses and fatalities were caused by rats and mice than by any other group of mammals. Rodents have been linked tover 60 different diseases around the world, including plague, typhus, and Hantavirus. Rodents bring both human suffering and economic losses. The most efficient way tdeal with rodent problems is tuse an integrated approach tpreventing rodent outbreaks and long-term rodent difficulties. Rodent integrated pest management (IPM) differs from most other types of mouse and rodent control. It is not always dependent on the usage of rodenticides. Rising integrated pest management methods, combined with growing worries about the spread of diseases such as plague, typhus, and others, is expected tfuel the worldwide rodenticides market growth.

Restraint:

Stringent Government Rules and Regulations

Government agencies rigorously oversee rodenticides and many other pesticides, which might hinder industry expansion. All pesticides must be registered with the United States Environmental Protection Agency (EPA) under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) before they can be sold or distributed. A pesticide classed as general-use is one that is unlikely tharm humans or the environment when used according tthe label guidelines. For example, all rodenticide tracking powders are restricted-use and require an RUP licence tpurchase or use. The strict and arduous regulatory criteria for launching a new rodenticide are projected tlimit market expansion.

Opportunity:

Environmentally friendly third generation anticoagulant rodenticides

Issues over the increased usage of synthetic pesticides, as well as their hazardous impact on other wildlife and humans, are driving producers tdevelop non-toxic and third-generation rodenticides. Natural products are seeing remarkable increase in the market as purchasers' safety concerns grow. The tissue persistence and non-target toxicity of second generation anticoagulant rodenticides (SGARs) has, however, prompted the development of a new third generation anticoagulant rodenticides which created a wide range of opportunities in the market growth..

Threat:

Presence of alternative rodent control methods

Rodenticides are commonly employed tmanage rodents in a variety of settings, including residential and commercial properties. However, utilising chemical rodenticides in metropolitan areas may have a harmful influence on the environment and live things nearby. The stringency of chemical rodent laws, as well as rat resistance tvarious anticoagulant rodenticides, has resulted in the development of alternate rodent control methods, such as mouse traps and adhesive pads. Furthermore, the lack of knowledge about chemical rodenticides and the ability tapply such treatments effectively pushes people tutilise mechanical methods which hinders the rodenticide market.

Covid-19 Impact

COVID-19 has had an influence on numerous manufacturing businesses, causing job closures, supply chain disruptions, and transit limitations. Yet, with various manufacturing facilities remaining in operation, there was nsignificant impact on their rodenticides' global operations and supply chain. Rodent control services are provided by service providers whadhere tsanitary and safety standards.

The Anticoagulant segment is expected tbe the largest during the forecast period

The Anticoagulant segment is estimated thave a lucrative growth, as they are typically less harmful thumans and other animals than rodents. Furthermore, they dnot correlate feeding on the bait with their condition. The anticoagulants that were previously used were referred tas first-generation anticoagulants. Chlorophacinone and diphacinone are the twmost common active compounds on the market. Second-generation anticoagulant rodenticides are likewise hazardous at significantly lower doses.

The Pest control companies segment is expected thave the highest CAGR during the forecast period

The Pest control companies segment is anticipated twitness the fastest CAGR growth during the forecast period, due tpeople in many developed and developing countries prefer tengage a professional pest control applicator whis trained tuse rodenticides safely and effectively. Hiring a pest control company is necessary tmitigate the effects of pesticide abuse and overuse, which are, in most circumstances, extremely harmful tthe environment. The huge shift from utilising market baits tengaging a pest management business would save people from the toxicity and untargeted attack of multiple rodenticides. Pest control firms serve a wide range of industries, including the home, hotel, retail business, office complex, food processing sector, manufacturing facilities, agriculture, warehousing, schools, and electronics which is propelling the market.

Region with largest share:

North America is projected thold the largest market share during the forecast period owing tthe increasing number of residential societies and the mounting damage caused by rodents are key factors in the region's dominance and expansion of rodenticides. Among all pests in the United States, rodents are the most dangerous. Throughout the forecast period, the growing number of new dwellings, combined with increased demand for rodent control products and services, is expected tboost the market within the area.

Region with highest CAGR:

Asia Pacific is projected thave the highest CAGR over the forecast period, owing tbecause of a variety of factors the fact that agriculture is one of the most important revenue-generating sectors in Asia's largest economies, such as China and India. The region's rapidly growing population is putting pressure on growers tproduce as much as possible in order tmeet the region's growing demand. In such circumstances, increased crop damage and decreased food production owing trodents are predicted tpositively impact this industry thereby propelling the market growth.

Key players in the market

Some of the key players profiled in the Rodenticides Market include BASF SE, Bayer AG, Rentokil Initial Plc, Liphatech, Inc, Bell Laboratories Inc, EcoClear Products Inc, Syngenta AG, Neogen Corporation, Rollins, Pelgar, Abell Pest Control, Anticimex, Ecolab Inc, UPL Limited and Impex Europa

Key Developments:

In March 2023, BTC Europe, BASF’S European distribution organization, and Sudarshan Chemical Industries, a manufacturer of high-quality pigments based in Pune, India, have signed an agreement on the distribution of organic and inorganic pigments as well as effect pigments in Europe.

In March 2023, BASF Shanghai Coatings (BSC) announced the opening of its new technical center building at the BSC Minhang site. The launch of the technical center building marks another milestone. With the brand-new outlook, BSC will better serve automotive OEM customers in China with its technology, products and services.

In March 2023, BASF and Cargill (Provimi) further expand their partnership toffer high-performance enzyme solutions tanimal protein producers in South Korea, the partners will form a joint innovation pipeline for animal protein producers.

In Jan 2023, Bayer launches new collaboration with Oerth Bitfurther advance innovations in crop protection, Oerth’s unique PROTAC® protein degradation technology is expected tbe a new, game-changing generation of more sustainable crop protection products.

Types Covered:
• Anticoagulant
• Non-Anticoagulant

Forms Covered:
• Powders
• Pellet
• Sprays
• Granules
• Others Forms

Applications Covered:
• Agricultural Fields
• Pest Control Companies
• Warehouse
• Households
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements