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Rodenticides Market worth 1.23 Billion USD by 2022
The report "Rodenticides Market by Type (Non-Anticoagulant, Anticoagulant), End User (Agricultural Fields, Warehouses, Pest Control Companies, Urban Centers, Household Consumers), Mode of Application (Pellets, Sprays, Powders), and Region - Global Forecast to 2022", The rodenticides market is projected to reach a value of USD 1.23 Billion by 2022 at a CAGR of 3.76% from 2016. The market is driven by factors such as avoidance of disease transmission caused by rodents and increase in rodent population. The high growth potential in emerging markets and untapped regions provide new growth opportunities for the market players.
Browse 68 market data tables and 39 figures spread through 142 pages and in-depth TOC on “Rodenticides Market by Type (Non-Anticoagulant, Anticoagulant), End User (Agricultural Fields, Warehouses, Pest Control Companies, Urban Centers, Household Consumers), Mode of Application (Pellets, Sprays, Powders), and Region - Global Forecast to 2022”
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Non-anticoagulant rodenticides projected to be the fastest-growing segment, by type, from 2016 to 2022
The non-anticoagulant rodenticides segment is projected to grow at the highest CAGR from 2016 to 2022. These rodenticides are referred to as acute toxicants. The metabolic poisons include bromethalin, fluoroacetate, and fluoroacetamide that lead to paralysis and convulsions in rodents before death. These are more efficient in controlling the rodent infestation.
Pellets application segment projected to depict high potential for the rodenticides market
Anticoagulant rodenticides are available in the form of grain-based pellets and in a variety of other formulations and colors. They are the most common types of rodenticides produced in the pellet form and used in the U.S. Rodenticide pellets are more efficient in controlling rodents, as pellets have direct impact causing suffocation and killing of rodents. The pellets usually aluminum, calcium, or magnesium phosphide for fumigation may also contain other chemicals which consist of ammonia, which helps to reduce the potential for spontaneous combustion or explosion of the phosphine gas.
Asia-Pacific expected to show growth potential in the rodenticides market
There is high-growth potential for rodenticide products in the Asia-Pacific region. This region has emerging economies, such as China and India, which have considerable cultivable land to grow crops. Furthermore, China is the second-largest country to hold maximum share in the rodenticides market due to the urbanization and technological growth in agriculture. Higher standards of living among consumers has resulted in the rise in demand for rodenticides products.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. These leading companies include BASF SE (Germany), Bayer AG (Germany), Syngenta (Switzerland), Rentokil Initial plc (U.K.), and UPL Limited (India).
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