The Rodenticides Market size was valued at USD 5.53 billion in 2023. It is estimated to hit USD 8.68 billion by 2031 and grow at a CAGR of 5.7% over the forecast period of 2024-2031.
The rodenticides market has been experiencing robust growth, driven by increasing concerns over pest infestations in agricultural, residential, and commercial settings. With rodents posing significant threats to food security and public health, governments and private entities are ramping up efforts to mitigate their impact. Innovations in chemical formulations and the rise of eco-friendly rodenticides are transforming the market landscape. Manufacturers are focusing on reducing toxicity to non-target species while enhancing effectiveness against resistant rodent populations. Additionally, the growing adoption of integrated pest management (IPM) practices is boosting the demand for advanced rodenticide products globally.
Geographically, the market sees substantial demand from regions with high agricultural activity, such as Asia-Pacific and Latin America, due to the critical need to protect crops from rodent damage. Urbanization and expanding infrastructure in these regions also contribute to increased rodent control measures in residential and industrial zones. Meanwhile, stringent regulatory frameworks in North America and Europe encourage the development of safer and more sustainable rodenticides. The market is further supported by growing awareness campaigns about rodent-borne diseases, driving end-users toward effective solutions for long-term rodent management..
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Rodenticides industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Rodenticides market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Bayer AG, Syngenta, BASF SE, Anticimex, UPL Ltd., Rollins, Abell Pest Control, Truly Nolen, Liphatech Inc., JT Eaton, Pelgar International, Neogen Corporation, Bell Laboratories, Senestech Inc., Ecolab, Impex Europa, Rentokil Initial Plc, Terminix, and other key players mentioned in the final report.
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Rodenticides market.
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It has segmented the global Rodenticides market
By Type
- Anticoagulants
- Non-anticoagulants
By Rodent Type
- Mice
- Rat
- Chipmunk
- Hamster
- Other Rodents
By Mode of Application
- Spray
- Powder
- Pellet
- Others
By End-use
- Agricultural Fields
- Pest Control Companies
- Warehouses
- Urban Centers
- Residential
- Commercial
Key Objectives of the Global Rodenticides Market Report:
- The report conducts a comparative assessment of the leading market players participating in the global Rodenticides
- The report marks the notable developments that have recently taken place in the Rodenticides industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Rodenticides market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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