Rodenticides Market Research Report: Information By Type (Non-anticoagulant and Anticoagulant), Rodent Type (Rat, Mouse, Hamsters, Chipmunk, Squirrels and Others), Form (Pellet, Spray and Powder), End-User (Agricultural Fields, Warehouses and Others), By Region - Forecast till 2027

Rodenticides Market Scenario

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.

Market Synopsis

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.

Market USP

Increase in concerns regarding vector-based disease outbreak

Market Drivers

• Increasing Usage of Integrated Pest Management: Rodents can cause different types of diseases such as plague, typhus, Hantavirus among others. One of the most effective methods to deal with such commensal rodents is the implementation of integrated pest management. It is a broad-based approach that highlights the commercial management of rodents. Moreover, rodents can also cause economic loss. The above factor is expected to drive the growth of the global rodenticides market.

• Impact of climate change on rodent population

• Rising urbanization

• Growth of agriculture industry

• Increasing occurrence of food contaminations due to rodents

Market Restraints

• Increase in the use of mechanical methods for rodent control

• Government regulations and ban of rodenticides in some developed countries

Segmentation

By Type

• Non-anticoagulant

• Anticoagulant: The segment accounted for the largest market share in the global rodenticides market in 2019. It is a widely used type as it provides the rodents with painless deaths by preventing their blood from coagulating. It is less toxic to other animals, as well as humans. This type is in high demand from the agricultural sector across the globe. Thus, this type of rats and mouse pest control would be expected to dominate the market.

By Rodent Type

• Rat: The segment accounted for the largest market share in 2019. The high birth rate of rats among other rodents is the reason to dominate the segment in the global rodenticides market. Furthermore, a high population of rats across the globe is expected to drive the demand for rodenticides during the study period.

• Mouse

• Hamsters

• Chipmunk

• Squirrels

• Others

By Form

• Pellet: Highly palatable formulation, outstanding acceptance, and effective control with a single feed are some of the factors that are responsible for the growth of the pellet rodenticides market. Furthermore, the wide availability of products by various manufacturers and ease to use with baits are likely to uplift the market during the foreseeable future.

• Spray

• Powder

By End-User

• Agricultural Fields

• Warehouses: Warehouses are buildings used for the storage of goods. Rodents can contaminate the food and other items that are stored in the warehouse. Food contamination is a grave matter for the food industry because of the potential health risks to consumers. Thus, driving the demand for global rodenticides market.

• Others

By Region

• North America: North America dominated the global rodenticides market in 2019 with the US, being the dominant market for rodenticides, accounting for the majority share. The increasing number of rodent control products and services owing to the increasing population of rodents is expected to drive the growth of the rodenticides industry. Moreover, the presence of major manufacturers in the region is also contributing to the market growth.

• Europe

• Asia-Pacific: Asia-Pacific is expected to grow at the highest CAGR during the forecast period with China, being the dominant market for rodenticides, accounting for the majority share. The increasing demand for rodenticides owing to the increasing rat infestations in agriculture as well as in warehouses has fueled the demand for rodenticides in this region.

• Rest of the World

Key Players

• 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)