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