Rodenticides Market Outlook
According to the report by Expert Market Research (EMR), the global rodenticides market size is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by rising rodent population and increased incidences of pest-related illness, the market is expected to grow significantly by 2032.
Rodenticides, commonly referred to as rat poisons, are a combination of chemical compounds specifically designed to control rodents. These compounds are essential tools for the management and prevention of outbreaks caused by these pests, ensuring the protection of crops, property, and also curbing the spread of various rodent-transmitted diseases.
The rodenticides market demand is supported by the surge in agricultural productivity needs worldwide. As the global population rises, the pressure on the agricultural sector to produce more food intensifies. With this growing need, there is an ever-present challenge of protecting crops from pests like rodents, which lead to significant yield losses. Rodenticides, therefore, have become an essential tool for farmers, ensuring that their yields are not compromised.
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One of the pivotal rodenticides market trends is the clear inclination towards the development and adoption of more humane and environmentally friendly rodenticides. Traditional rodenticides, while effective, often came with the drawback of being lethal to non-target animals. This spurred the development and acceptance of newer formulations that are more specific in their action, reducing collateral damage to the ecosystem.
Urbanisation, too, plays a pivotal role in boosting the rodenticides market growth. As cities expand and infrastructures become denser, there is a continuous rise in the rodent population, given the ample hiding places and food sources they find in urban environments. This situation has necessitated effective rodent control measures in urban settings, further propelling the demand for efficient rodenticides.
According to the rodenticides market analysis, the public health sector is a significant demand driver of these compounds. Rodents are carriers of numerous diseases like leptospirosis, hantavirus, and the bubonic plague. Thus, controlling their population is of utmost importance in disease prevention, especially in regions where rodent-transmitted diseases are prevalent.
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Moreover, with the evolution of the warehousing and storage industry, there has been a rise in market demand. These establishments are at continual risk from rodents, which not only damage stored products but also compromise the hygiene of storage spaces. Efficient rodenticide solutions ensure the integrity of stored goods, saving significant economic losses for businesses.
Rodenticides Market Segmentation
The market can be divided based on type, end use, application, and region.
Market Breakup by Type
- Non-Anticoagulant Rodenticides
- Bromethalin
- Cholecalciferol
- Strychnine
- Anticoagulant Rodenticides
- First Generation Anticoagulants
- Second Generation Anticoagulants
Market Breakup by End-Use
- Agricultural Fields
- Warehouses
- Urban Centres
- Residential
- Commercial
Market Breakup by Application
- Pellets
- Sprays
- Powders
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global rodenticides market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bayer AG
- The Syngenta Group
- Liphatech Inc.
- J.T. Eaton & Co., Inc.
- Neogen Corporation (NASDAQ: NEOG)
- PelGar International
- Others
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