Rodenticides Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

The global rodenticides market is estimated to experience growth at a compounded annual growth rate (CAGR) of 4.9% over the forecast period 2022-2030.

Rodenticides are specific types of pesticides used to control and kill various types of rodents capable of causing crop damage and wastage, and transmitting diseases. The primary function of rodenticides is to ensure the maintenance of proper hygiene in particular environments and eradicate rodents which could potentially damage commercial interests or public health. Rodenticides are often prepared and blended with various food items to attract and kill the rodents present in urban centers, residences, agricultural land fields, and warehouses.

GROWTH DRIVERS:

Factors such as the soaring concerns over food security due to the rising global population; the proliferating worldwide rodent population due to climatic changes such as global warming; the growing concerns regarding the damage caused by rodents in agricultural fields and in commercial and industrial buildings; the displacement of rodents due to rising urbanization; the burgeoning prevalence of pest-related diseases; the surging usage of rodenticides by various pest control agencies; the overall enhancing demand for crop protection and food grains, and the elevating consciousness among people regarding their health & hygiene are primarily driving the growth of the global rodenticides market.

Additionally, the incidence of transferable diseases such as hantavirus infection, typhus, plague and Lassa fever etc. is rapidly growing across the globe due to the proliferating rodent population. These diseases adversely affect human beings and the environment and wildlife present across the globe. To combat this and prevent further spread of these diseases, various rodent control products in commercial, residential, and industrial applications have become increasingly important. Alongside, the usage of integrated pest management for the commercial management of rodents is also rising, which in tandem with the above factor is expected to generate robust growth opportunities for the global rodenticides market during the forecast period.

Moreover, due to the massively surging demand for rodenticides, the players present in the market are increasingly focusing on developing and launching new products and initiatives to effectively cater to the demand of people and control the population of rodents.

Furthermore, other factors such as the upsurging number of commercial and residential places across the globe; the increasing urban population; the expanding agriculture industry and the emergence of natural rodenticides are expected to further create ample growth opportunities for the global rodenticides market during the forecast period.

However, the rising environmental concerns over the use of chemicals and their ill effects on living beings; the growing government regulations & policies on the application of rodenticides in various countries and regions, and the increasing adoption of mechanical methods for rodent control are a few factors predicted to restrict the growth of the global rodenticides market to some extent during the forecast period.

RODENTICIDES MARKET SEGMENTATION:

By Type:

·         Non-anticoagulant

·         Anticoagulant

o   First-generation Anticoagulants

o   Second-generation Anticoagulants

By Rodent Type:

·         Rat

·         Mouse

·         Chipmunk

·         Hamster

·         Others

o   Voles

o   Gerbils

By Mode of Application:

·         Pellet

·         Spray

·         Powder 

·         Blocks

·         Others

By End-Use Sector:

·         Agricultural fields

·         Warehouses

·         Residential

·         Commercial 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Based on type, the anticoagulants segment is anticipated to capture the largest share in the market during the forecast period.  Factors attributable to the segment’s growth include the increasing usage of anticoagulants due to their high efficacy in rodent control; the absence of other safe alternatives, and the increasing approval of products formulated with anticoagulants especially in Europe. However, the non-anticoagulants segment is projected to attain the highest CAGR in the market over the forecast period owing to the farmers' changing preference towards non-anticoagulants due to the slow impact of anticoagulant rodenticides.

Based on rodent type, the rat segment held the largest share in the global rodenticides market in 2021. The segment is projected to further maintain its position in the market during the forecast period owing to the relatively higher birth rate of rats among other rodents across the globe.

Based on mode of application, the pellet segment is predicted to account for the largest share in the global rodenticides market during the forecast period. The growth of this particular segment can be ascribed to the increasing usage of pellets in residential buildings due to their ease of application and effective control with a single feed.

Based on end-use sector, the commercial segment held the largest share of the global rodenticides market in 2021. This can be attributed to mandating an annual rodent control service program across several commercial places in the developed regions. However, the residential segment is anticipated to lead the rodenticides market during the forecast period as a result of several factors including the rise in urbanization and disposable incomes, and the soaring awareness regarding epidemics from rodent attacks among people.

REGIONAL OUTLOOK:

The North American region commanded the global rodenticides market in 2021. The region is further estimated to remain the largest market for rodenticides throughout the forecast period of 2022-2030. The growth of the market in the region can be attributed to proliferating cases of rodent-borne disease due to the high rodent population in the region; the high sale of rodenticides in the region; the presence of large number of well-established manufacturers in the region; the increasing renovation and modernization activities in the U.S., and the growing concerns regarding economic loss linked with damage caused by rodents in agricultural fields in the region. The U.S. along with Canada are the major contributors to the growth of the market in the region.

The Asia Pacific region is predicted to emerge as the fastest growing regional market for rodenticides during the forecast period. Factors such as the rapidly expanding agriculture industry; the increasing frequency of rodent attacks on agricultural fields in developing countries across the region; the escalating awareness regarding the effectivity of chemical rodenticides; the presence of a large population base in the region; the surging demand for food products and the increasing number of pest control companies in the region are predominantly driving the growth of the rodenticides market in the region. India, China, Japan, and Australia are the major contributors to the growth of the market in the region.

The European region held a significant portion of market share of the global rodenticides market in 2021. The region is poised to further witness substantial growth over the forecast period on account of the increasing rodent population due to the deteriorating drains and garbage in the region and the rapidly growing number of pest control companies in the region.

The Latin American region also is a prominent share holder in the global rodenticides market. It is slated to further expand at a healthy growth rate in the forthcoming years as a result of growing losses in agricultural crops majorly destroyed by rodents in countries including Brazil and Colombia in the region.

KEY COMPANIES IN RODENTICIDES MARKET:

·         Neogen Corporation

·         Rentokil Initial PLC

·         Ecolab Inc

·         Rollins Inc.

·         BASF SE

·         Bayer AG

·         Syngenta

·         Liphatech Inc.

·         PelGar International

·         JT Eaton

·         Anticimex

·         The Terminix International Company

·         Bell Laboratories Inc.

·         Abell Pest Control

·         Futura Germany

·         SenesTech Inc.

·         Impex Europa S.L

·         Reckitt Benckiser Group plc. 

·         Other Players