Rodenticides Market

Rodenticides Market Size & Share - Future Growth Expectations

The rodenticides market is projected to reach USD 7.7 billion by 2029 from USD 5.8 billion by 2024, at a CAGR of 5.9% during the forecast period in terms of value. The rodenticides industry is undergoing rapid growth due to a variety of factors. The expansion of urban areas and industries typically leads to a rise in rodent populations, driven by factors like heightened waste production and habitat disruption. Consequently, this increases the demand for rodenticides to manage these pest infestations. Similarly, fluctuations in weather conditions, including temperature, precipitation, and seasonal changes, can impact rodent populations by influencing their breeding patterns and habitat selection. Instances of extreme weather events may further increase rodent activity, consequently affecting the demand for rodenticides.

The rodenticides market is poised for substantial growth in the coming years, driven by several key factors:

  • Increasing Awareness about Health Risks
  • Stringent Regulations
  • Technological Advancements
  • Increasing Agriculture Concerns
  • Rising Incidence of Vector-Borne Diseases
  • Environmental Concerns and Shift Towards Safer Alternatives
  • Increasing Pest Infestations in Residential Areas

To know about the assumptions considered for the study download the pdf brochure

Increasing Awareness about Health Risks:

  • With growing awareness about the health risks posed by rodent infestations, there's a rising demand for effective rodent control solutions, including rodenticides.

Expanding Urbanization:

  • Urbanization leads to the creation of more habitats suitable for rodents. As urban areas expand, the need for rodent control products increases, thereby driving market growth.

Stringent Regulations:

  • Regulatory bodies often mandate the use of rodenticides in certain industries such as food processing, agriculture, and healthcare to maintain hygiene standards. Compliance with these regulations drives the demand for rodenticides.

Technological Advancements:

  • Ongoing advancements in rodenticide formulations and delivery systems are enhancing their effectiveness and safety profiles. This encourages consumers to opt for modern rodenticides over traditional methods, driving market growth.

Increasing Agriculture Concerns:

  • Rodents pose a significant threat to agricultural productivity by damaging crops and stored grains. As agriculture remains a crucial sector for many economies, the need for effective rodent control solutions becomes paramount, thereby boosting the demand for rodenticides.

Rising Incidence of Vector-Borne Diseases:

  • Rodents act as carriers for various diseases and parasites that can be transmitted to humans and animals. The increasing incidence of vector-borne diseases enhances the importance of rodent control, thereby driving market growth.

Environmental Concerns and Shift Towards Safer Alternatives:

  • There's a growing emphasis on environmentally friendly rodenticides that pose minimal risks to non-target species and ecosystems. This shift towards safer alternatives contributes to market expansion as consumers prioritize sustainability.

Increasing Pest Infestations in Residential Areas:

  • With changing climate patterns and urban development, there's a rise in pest infestations in residential areas. Homeowners seek effective rodent control solutions to protect their properties, driving market growth.

Rodenticides Market Share - Global Industry Landscape

The rodenticides market is characterized by the presence of several key players competing for market share. Some of the leading companies in the digital agriculture industry include:

  • BASF SE (Germany)
  • Bayer AG (Germany)
  • Syngenta AG (Switzerland)
  • UPL (India)
  • Neogen Corporation Limited (US)
  • Anticimex (Sweden)
  • Ecoloab (US)
  • Rentokil Initial, plc (UK)
  • Senestech, Inc. (US)
  • Rollins, Inc. (US)

These companies, along with several others, collectively shape the global rodenticides industry landscape. Market dynamics are influenced by factors such as technological innovation, regulatory compliance, strategic partnerships, and market consolidation. As the demand for rodenticides continues to rise, companies are expected to intensify their efforts to capture market share and drive innovation in rodenticides discovery, development, and commercialization.

BASF SE (Germany):

  • Market Share: BASF SE holds a significant market share in the global rodenticides market, offering a wide range of products.
  • Key Offering: BASF provides rodenticides that are effective in controlling rodent populations in various settings, including agricultural, industrial, and residential.

Bayer AG (Germany):

  • Market Share: Bayer AG is a major player in the rodenticides market, with a considerable market share.
  • Key Offering: Bayer offers rodenticides known for their efficacy in rodent control, with products suitable for both professional and consumer use.

Syngenta AG (Switzerland):

  • Market Share: Syngenta AG is a prominent player in the rodenticides market, with a notable market presence.
  • Key Offering: Syngenta provides a range of rodenticides designed to effectively manage rodent infestations in various environments, including agricultural and urban settings.

UPL (India):

  • Market Share: UPL has a growing presence in the global rodenticides market, particularly in regions like Asia and Africa.
  • Key Offering: UPL offers rodenticides formulated to control rodent populations efficiently, catering to the needs of farmers, pest control professionals, and homeowners.

Neogen Corporation Limited (US):

  • Market Share: Neogen Corporation Limited is a key player in the rodenticides market, particularly in North America.
  • Key Offering: Neogen offers a diverse range of rodenticides known for their effectiveness in rodent management, including bait stations, traps, and rodent control solutions for various industries.

Anticimex (Sweden):

  • Market Share: Anticimex is a leading provider of pest control solutions, including rodenticides, with a significant market share in Europe and other regions.
  • Key Offering: Anticimex offers integrated pest management solutions that include the use of rodenticides to control rodent populations in residential, commercial, and industrial settings.

Ecolab (US):

  • Market Share: Ecolab is a major player in the rodenticides market, known for its comprehensive pest control solutions. Key Offering: Ecolab provides rodenticides and pest control services tailored to the needs of various industries, including food processing, hospitality, and healthcare.

Rentokil Initial, plc (UK):

  • Market Share: Rentokil Initial, plc is a prominent provider of pest control services globally, including rodenticides.
  • Key Offering: Rentokil offers comprehensive rodent control solutions, including the use of rodenticides, traps, and monitoring systems, catering to commercial and residential clients.

Senestech, Inc. (US):

  • Market Share: Senestech, Inc. specializes in innovative rodent control solutions, holding a niche market share in the industry.
  • Key Offering: Senestech offers rodenticides based on non-lethal technologies, providing humane and effective methods for rodent population management, particularly in urban environments.

Rollins, Inc. (US):

  • Market Share: Rollins, Inc. is a major player in the pest control industry, offering a range of rodenticides and integrated pest management solutions.
  • Key Offering: Rollins provides rodenticides and pest control services to commercial, residential, and industrial clients, focusing on effective rodent management and prevention strategies.

Related Reports:

Rodenticides Market by Type (Anticoagulants, Non-Coagulants), Mode of Application (Pellets, Spray, and Powder), End Use (Agriculture, Warehouses, Urban Centers), Rodent Types (Rats, Mice, Chipmunks, Hamsters) & Region - Global Forecast to 2029

Rodenticides Market Size,  Share & Growth Report
Report Code
AGI 2538
RI Published ON
5/3/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status