Europe Rodenticides Market was worth USD 250 million in 2021 and is projected to be growing at a CAGR of 5.77%, to touch USD 307.1 millionby 2026.
Pest Control Agencies are among the major users. Rodenticides are also expansively used in agricultural fields, green houses as well as warehouses. Growing demand to protect crops as well as food grains is expected to have a positive effect on the market over the forecast period. The growing agriculture sector in emerging nations such as China, India, and Brazil is expected to boost the market growth in the region.
Europe Rodenticides Market Drivers:
Rising demand for pesticides due to expanding agriculture sector is expected to majorly drive the market over the next seven years. Strict regulations by governmental agencies over use of rodenticides and resultant soil contamination is further likely to challenge the market. Toxicity of rodenticides on humans and animals has been a key factor restraining the growth of the market.
Europe Rodenticides Market - By Type:
Non-Anticoagulant and Anticoagulant
Europe Rodenticides Market - By Mode of Application:
Europe Rodenticides Market - By End User:
The non-anticoagulant rodenticides segment is projected to grow at the highest CAGR from 2020 to 2025. These rodenticides are referred to as acute toxicants. The metabolic poisons include fluoroacetamide, bromethalin and fluoroacetate, that lead to paralysis and convulsions in rodents before death. These are more efficient in controlling the rodent infestation.
The Market is Geographically divided into:
The rodenticides market in Europe has had a stationary growth in the past few years due to strict regulations passed by the European government on the use of rodenticides. However, in recent times, low concentrated rodenticides that are less harmful are being introduced in the European market which is expected to drive the rodenticides market growth in this region.
Companies such as Syngenta, BASF and Bayer Crop Science have been involved in R&D to develop non-toxic rodenticides. The above is expected to open new possibilities to market participants and provide them with competitive gain. The major companies are aggressively pursuing supply contracts to expand consumer reach and increase market presence. Some key players operating in the market include BASF SE, Bayer Crop Science, Neogen Corp., Impex Europa S.L., J.T. Eaton & Co., Liphatech, Pelgar International, Syngenta SA, and UPL Limited.
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