ID: MRFR/AGR/8647-HCR | February 2021 | Region: Global | 90 pages
Rodenticides Market size is projected to reach approximately USD 6.3 Billion by 2026, at a CAGR of 4.8% from 2020 to 2026. Rodenticides are pesticides that are often mixed with ingredients such as peanut butter or molasses to attract and kill the rodents exist in agricultural fields and warehouses. Increasing the contamination of food products by rodents is driving the growth of the rodenticides market. Additionally, the impact of climate change on the sudden rise in rodent population has further boosted the demand for rodenticides. Furthermore, the rise in the urban population and growing agriculture industry are witnessed to increase the demand for rodenticides. The growth of the rodenticides industry is also creating an opportunistic market for the players in the global rodenticides industry. Initiatives by the key players in the rodenticides industry are driving market growth. For instance, in November 2019, Rentokil Initial Plc acquired Florida Pest Control, a pest control service provider company based in the US. It provides pest control services for commercial as well as residential end user. All these factors are anticipated to create substantial growth opportunities for the rodenticides industry.
Rodenticides Market has witnessed high growth in recent years. The rapid expansion of the urban population is driving the growth of the rodenticides market. The growth of the agriculture sector in developing economies is anticipated to provide lucrative opportunities for the global rodenticides industry. To cater to the trending consumer needs, market players are focusing on the launch of various types of rodenticides products. For instance, in August 2017, Neogen Corporation launched DeciMax Soft, an effective rodenticide, and can be used in extreme weather conditions.
Increase in concerns regarding vector-based disease outbreak
By Rodent Type
|Market Size||USD 6.3 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Rodent Type, Form, End-User and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Rentokil Initial Plc (UK), Ecolab Inc. (US), Rollins Inc. (US), UPL Limited (India), Anticimex (Sweden), The Terminix International Company (US), Liphatech Inc. (US), Neogen Corporation (US), PelGar International (UK), Bell Laboratories Inc. (US), JT Eaton (US), Truly Nolen (US)|
|Key Market Opportunities||Growth of the agriculture sector in developing economies|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market size by 2026 can be approximately USD 6.3 Billion.
The market leaders listed in the MRFR study are Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Rentokil Initial Plc (UK), Ecolab Inc. (US), Rollins Inc. (US), UPL Limited (India), Anticimex (Sweden), The Terminix International Company (US), Liphatech Inc. (US), Neogen Corporation (US), PelGar International (UK), Bell Laboratories Inc. (US), JT Eaton (US), Truly Nolen (US), to list a few.
In 2019, North America was the most lucrative market.
Asia Pacific/APAC can record the fastest CAGR in the coming period.
Rat is the rodent type has taken the lead in the global market.