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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
3.9% |
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Segments Covered |
By Type, By Mode of Application, By End User |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF SE Bayer Crop Science Neogen Corp Impex Europa S.L J.T. Eaton & Co Liphatech Pelgar International Syngenta SA UPL Limited |
Market Segmentation:
Non-Anticoagulant
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 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:
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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Non-Anticoagulant
5.1.3 Anticoagulant
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2 Mode of Application
5.2.1 Introduction
5.2.2 Pellets
5.2.3 Powders
5.2.4 Sprays
5.2.5 Y-o-Y Growth Analysis, By Mode of Application
5.2.6 Market Attractiveness Analysis, By Mode of Application
5.2.7 Market Share Analysis, By Mode of Application
5.3 End User
5.3.1 Introduction
5.3.2 Agricultural Fields
5.3.3 Urban Centres
5.3.4 Warehouses
5.3.5 Pest Control Companies
5.3.6 Household Consumers
5.3.7 Y-o-Y Growth Analysis, By End User
5.3.8 Market Attractiveness Analysis, By End User
5.3.9 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Mode of Application
6.1.3.4 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Mode of Application
6.1.4.4 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Mode of Application
6.1.5.4 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 UPL Limited
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 BASF SE
8.3 Bayer Crop Science
8.4 Neogen Corp.
8.5 Impex Europa S.L
8.6 J.T. Eaton & Co.
8.7 Liphatech
8.8 Pelgar International
8.9 Syngenta SA
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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