Rodenticides Market

Rodenticides Market Size & Growth (2021- 2026):

Rodenticides Market was worth USD 1000.21 million in 2021 and is projected to be growing at a CAGR of 3.9%, to touch USD 1200.98 million by 2026. Rodenticides are extensively used in agricultural fields, greenhouses as well as warehouses. Pest Control Agencies are also among the major users. Increasing demand to protect crops, as well as food grains, is likely to have a positive effect on the global 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.

Market Drivers:

The rising demand for pesticides due to the growing agriculture sector is expected to drive the market over the next seven years. Food demand has been steadily increasing over the past few years on account of population growth in Africa, Asia, and Latin America. This trend is expected to further drive the global rodenticides market over the forecast period. Rising awareness amongst farmers and horticulturists concerning the adverse effects of rodents on crops and developing farming techniques are predicted to further supplement the global market growth. Strict regulations by governmental agencies over rodenticides usage and resulting soil contamination are further likely to challenge the global market. The toxicity of rodenticides on humans and animals has been a key factor restraining the growth of the market.

RODENTICIDES MARKET REPORT COVERAGE:

Market Segmentation:

Rodenticides Market – By Type: 

• Non-Anticoagulant

• Anticoagulant

Rodenticides Market – By Mode of Application: 

• Pellets
• Powders
• Sprays

Rodenticides Market – By End User: 

• Agricultural Fields
• Urban Centres
• Warehouses
• Pest Control Companies
• Household Consumers

The non-anticoagulant rodenticides segment is projected to grow at the highest CAGR from 2022 - 2027. These rodenticides are referred to as acute toxicants. The metabolic poisons include fluoroacetamide, bromethalin, and fluoroacetate, which lead to paralysis and convulsions in rodents before death. These are more efficient in controlling rodent infestation.

The Rodenticides Market has been geographically segmented into

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa

North America trailed by the Asia Pacific, is the major market for rodenticides. North America accounts as a major producer and exporter of corn among others, the rodenticides requirement to protect corn is expected to drive the market in the region. There is a high-growth perspective for rodenticide products in the Asia-Pacific region. This region has emerging economies, such as China and India, which have considerable cultivable land to grow crops. Furthermore, China is the second-largest country to hold a major share in the rodenticides market because of the technological growth and urbanization of agriculture.

Key Players:

• BASF SE
• Bayer Crop Science
• Neogen Corp
• Impex Europa S.L
• J.T. Eaton & Co
• Liphatech
• Pelgar International
• Syngenta SA
• UPL Limited

Significant companies are aggressively pursuing supply contracts to expand consumer reach and increase 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 a competitive gain.