Global Rodenticides Market - Industry Trends and Forecast to 2029

Market Analysis and Size

When people move from rural areas to urban areas, rats and rodents find a place near humans. This situation creates the need to use rodenticides to kill rats and rodenticides. These pesticides are highly beneficial in controlling rodent attacks in agricultural fields and warehouses.

• Data Bridge Market Research analyses that the rodenticides market is expected to reach the value of USD 5.69 billion by the year 2029, at a CAGR of 5.70% during the forecast period of 2022-2029. "Agriculture" accounts for the most prominent end user segment in the respective market owing to rise in rodent attacks in agricultural fields and storage.

Market Definition

Rodenticides refer to the pesticides that assist in killing rodents, including rats and mice, chipmunks, nutria, beavers, woodchucks, porcupines and squirrels. These pesticides are formulated as baits with substances such as peanut butter or molasses to attract and kill the rodents present in agricultural fields and warehouses. The increase in concern about the economic losses related to damage due to presence rodents is escalating the growth of rodenticides market.

Regulatory Framework

• A registration is mandatory under the U.S. Environmental Protection Agency (EPA) before the pesticides are sold to the public in North America region. These chemicals need to be regulated by the EPA under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA).

COVID-19 Impact on Rodenticides Market

COVID-19 has impacted various manufacturing industries in the year 2020-2021 as it lead to closure of workplaces, disruption of supply chains and restrictions on transportation. However, no significant impact was noticed on their rodenticides' global operations and supply chain with multiple manufacturing facilities still in operation. The service providers offer rodent control services by following sanitation and safety measures.

Rodenticides Market Dynamics

Drivers

• Climatic changes on rodent proliferation

Global warming leads to change in the population dynamics of rodents and their ecosystems. This situation occurs because rodents breed prominently more in warmer climates. The proliferation of the rodent population is regarded as a significant international public health concern. The rodent population responds more rapidly to favorable weather conditions that could directly or indirectly increase rodent-borne pathogens.

• Increase in damages due to rodent attacks

The rise in the population expanding food storage capacity leads to more rodent attacks in the agricultural warehouses. This causes economic losses that accelerates the rodenticides market.

• Increase in concerns about vector-based disease outbreaks

The increase in rodent population rises prevalence of transferable diseases such as Lassa fever, plague, and Hantavirus infection, among others that affects wildlife, environment, and human beings. The incidences of these diseases further enhance the use of various rodent control products in residential, industrial and commercial applications.

• Rise in Hygiene Standards

The rise in hygiene standards especially across hospitals, offices, hotels, and housing owning to the occurrences of various infections and diseases propel the demand for the pesticide in the coming years.

Additionally, the surge in investments, expansion of agrochemical industry, increased prevalence of pest-related diseases, and rise in rodent population positively affect the rodenticides market.

Opportunities

Furthermore, the rise in government initiatives and support of public corporations for rodent control extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, an increase in preference for natural rodenticides that are biodegradable and non-toxic to humans, pets, and wildlife will further expand the rodenticides market in the future.

Restraints/Challenges

On the other hand, the increase in the use of mechanical methods for rodent control and the presence of stringent regulations and the ban on the use of rodenticides in developed countries are expected to obstruct market growth. Also, concerns regarding high toxicity of rodenticides and rise in resistance to conventional rodenticides are projected to challenge the rodenticides market in the forecast period of 2022-2029.

This rodenticides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rodenticides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• Rentokil Initial Plc acquired Florida Pest Control (US) in November 2019, to help the company expanding its product offerings in the North American region.
• Bayer arranged an agreement with Alpha Bio Control (UK) in June 2019 that allowed the former exclusive right to market Flipper developed by Alpha Bio.

Global Rodenticides Market Scope

The rodenticides market is segmented on the basis of type, first-generation, second-generation, mode of application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Non-Anticoagulants
• Anticoagulants

On the basis of type, the rodenticides market is segmented into non-anticoagulants and anticoagulants.  Anticoagulant rodenticides accounts for the largest market, and are expected to witness high growth owing to their capability to kill in one dose or several doses.

First-Generation

• Anticoagulants
• Chlorophacinone
• Diphacinone
• Coumatetrayl
• Warfarin

On the basis of first-generation, the rodenticides market is segmented into anticoagulants, chlorophacinone, diphacinone, coumatetrayl and warfarin. 

Second-Generation

• Anticoagulants Brodifacoum
• Bromadiolone
• Difenacoum
• Difethialone
• Flocoumafone

On the basis of second-generation, the rodenticides market is segmented into anticoagulants brodifacoum, bromadiolone, difenacoum, difethialone and flocoumafone.

Mode of Application

• Pellets
• Sprays
• Powders

On the basis of mode of application, the rodenticides market is segmented into pellets, sprays and powders.

End User

• Agriculture
• Warehouses
• Urban Centers
• Residential
• Commercial

On the basis of end user, the rodenticides market is segmented into agriculture, warehouses, urban centers, residential and commercial.  The residential segment is expected to grow at high rate due to the rise in awareness about epidemics from rodent attacks and increase in the disposable income.

Rodenticides Market Regional Analysis/Insights

The rodenticides market is analysed and market size insights and trends are provided by country, type, first-generation, second-generation, mode of application and end user as referenced above.

The countries covered in the rodenticides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the rodenticides market because of the presence of a large number of manufacturers, high standards of hygiene and renovation and modernization activities in the economy within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the unusual climatic conditions and availability of better than usual food supply in agriculture fields in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Rodenticides Market Share Analysis

The rodenticides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to rodenticides market.

Some of the major players operating in the rodenticides market are BASF SE, Bayer, Syngenta, UPL, Liphatech Inc., JT Eaton, Neogen Corporation, Pelgar International, Senestech Inc., Bell Laboratories, and Impex Europa, Rentokil Initial Plc, Terminix, Ecolab, Anticimex, Rollins, Truly Nolen, and Abell Pest Control among others.

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