Rodenticides Market Size Is Anticipated To Reach USD 8.13 Billion By 2030


 San Francisco, 25 April 2024: The Report Rodenticides Market Size, Share & Trends Analysis Report By Product (Anticoagulant, Non-anticoagulant), By Form (Pellets, Blocks, Powder), By Application (Pest Control Companies, Warehouses, Household), By Region, And Segment Forecasts, 2023 - 2030

The global rodenticides market size is anticipated to reach USD 8.13 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 5.6% during the forecast period. Increased prevalence of rodent-related diseases and rising demand for rodent control are likely to be major factors driving market growth.

Increasing urbanization, coupled with demand to maintain high hygiene standards in the business, public, and residential sectors, is expected to augment demand. Over 54.0% of the world’s total population resides in urban areas, which is likely to register an increase of 66.0% by 2025, according to the United Nations (UN). Increasing population and rising consciousness regarding healthy environment are likely to augment demand for rodenticides over the coming years.

Stringent government policies regarding active ingredients used in production of rodenticides is predicted to be a major limiting factor over the forecast period. For instance, in Canada, only zinc phosphide and strychnine are registered for use as rodenticides. Natural rodenticides use non-toxic and food grade ingredients approved by the EPA.

Rodenticide manufacturers are continuously engaged in research and development of active ingredients for production of superior quality products that provide higher efficiency. Companies lay high emphasis on increasing their regional presence in order to tap unexplored markets.

Access Research Report of Rodenticides Market @ https://www.grandviewresearch.com/industry-analysis/rodenticides-market

Rodenticides Market Report Highlights

  • By product, the non-anticoagulant segment is expected to expand at the fastest CAGR of 6.4% during the forecast period due to higher efficiency in destroying rodents in comparison to anticoagulants
  • The powder segment accounted for a notable revenue share in 2022. Use of such modes spreads particles into the air when used in ventilation, which, in turn, could harm pets and humans
  • The Central & South America region is expected to advance at a significant CAGR during the forecast period. Rising rodent population in the region is a limiting factor for development or introduction of some crops, which is likely to propel demand for rodent control products in the coming years
  • Manufacturers are engaged in various acquisitions and new product developments to gain prominence in the market. For instance, Rentokil Initial plc acquired Vector Disease Acquisition, LLC in November 2017 to expand its presence in North America.

Rodenticides Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 5.55 billion

Revenue forecast in 2030

USD 8.13 billion

Growth rate

CAGR of 5.6% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

List Of Key Players in the Rodenticides Market

  • BASF SE
  • Bayer AG
  • Rentokil Initial plc
  • Neogen Corporation
  • Bell Labs.
  • Liphatech, Inc.
  • Impex Europa S.L.
  • EcoClear Products

Access Press Release of Rodenticides Market @ https://www.grandviewresearch.com/press-release/global-rodenticides-market

 

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