North America Rodenticides Market was worth USD 0.39 million in 2021 and estimated to be growing at a CAGR of 5.52%, to reach USD 0.44 millionby 2026.
Increasing demand to protect crops as well as food grains is likely 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. Rodenticides are extensively used in agricultural fields, green houses as well as warehouses. Pest Control Agencies are also among the major users.
Drivers and Restraints of North Americda Rodenticides Market:
The market is expected to be majorly driven on the rising demand for pesticides due to growing agriculture sector over the next seven years. In 2015, the rodenticides market was dominated by North America. U.S accounted for the largest market share in this. Other factors such as growing demand for bio rodenticides in North America contribute to the growth of rodenticides market. Strict regulations by governmental agencies over rodenticides usage and resulting soil contamination is further likely to challenge the North American market. Toxicity of rodenticides on humans and animals has been a key factor restraining the growth of the market.
North America Rodenticides Market - By Type:
Non-Anticoagulant and Anticoagulant
North America Rodenticides Market - By Mode of Application:
North America Rodenticides Market - By End Use:
The non-anticoagulant rodenticides segment is projected to grow at the highest CAGR from 2021 to 2026. 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:
As of 2016, North America leads the global rodenticides market, accounting for more than 35% of the entire market share. Growing demand for bio rodenticides in North America is a major contributor to the growth of the market.
The significant companies are actively pursuing supply agreements to increase consumer reach and expand market presence. 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. 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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