Rodenticides Market Size, Share, Growth Report 2030

Market Overview                             

The global Rodenticides market accounted for USD 868.7 Million in 2020 and is expected to reach USD 1356.0 Million by 2028, growing at a CAGR of around 5.9% between 2021 and 2028.       

Rodenticides are pesticides that kill rodents. They are usually formulated as baits, which are designed to attract animals.  Rodent control products are witnessing high demand in most major tier-1 globally. Key players in the market are involved in innovation and development of new products to effectively control rodent population. Increasing number of commercial complexes, restaurants and hotels, and high preference for hygiene standards are expected to propel their demand in the coming years.

However, Due to different rules imposed by the governing organizations the companies majorly aim on R&D for eco-friendly 7 innovating rodenticides, boosting the global rodenticides market.

COVID-19 Impact Analysis:   

Due to government-imposed lockdowns to prevent the spreading of COVID, the global Rodenticides industry has seen a small decline in revenues in the short. The players in the industry such as Syngenta AG, Bayer AG, THE DOW CHEMICAL COMPANY, UPL Ltd, Rentokil Initial plc, Ecolab Inc and Rollins Inc. are experiencing irregularity in demand across the globe. The pandemic has hit various industry which in directly impacted on the Rodenticides market.

The significant decrease in the global Rodenticides market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Growth Factors

Reduction of arable land and ever increasing population are likely to propel the requirement for rodenticides market in the forecast period. The agricultural industry is getting enhanced all over the world. This is expected to show high employment of rodenticides market. Government programs for enhancing the agricultural industry for satisfying the food needs from increasing population help the development of global rodenticides market. On the other hand, the affect of rodenticides on children and even on domestic animals might hamper the rodenticides market. In addition, stringent rules implied by the government on the excess employment of rodenticides in some of the areas might limit the development of the rodenticides market.

However, the agricultural industry is flourishing in the up-and-coming nations. This might possibly offer new opportunities for the global rodenticides market. In addition to this, the roll out of natural rodenticides may unlock new opportunities for the development of the global rodenticides market in the years to come. Moreover, the rising R&D by different academic and government bodies is expected to fuel the development of the rodenticides market. For example, in March 2018, study examining the likelihood of resistance to anticoagulant rodenticides was performed on House mice and Brown Rats (also known as Irish Norway Rats). Resistance to most of the anticoagulant rodenticides in mice and rats has been seen in south-west Scotland and parts of southern & central England, as well as in other European nations in populations of these species. On the other hand, till the research, no info was available on the prevalence of such resistance in Ireland.

Report Scope:  

Segment Analysis Preview  

On the basis of Type, Rodenticides market has been divided as Non-anticoagulant rodenticides, Anticoagulant rodenticides, and others. Anticoagulant rodenticides segment held the major share in the market.  

On the basis of Application, the market is segmented into Agricultural, Pest control, Warehouses, amd Others. Warehouses dominated the Rodenticides industry in 2020, accounting for almost 38.2% of total Rodenticides sales. Thus, the growth potential in warehouses is projected to remain higher than the other application.

Regional Analysis Preview  

North America garbed the biggest chunk of share for rodenticides market in 2020. The main cause of the development of the rodenticides market in this area is government supporting for the cultivation of high superiority food, owing to reducing arable land.

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Key Market Players & Competitive Landscape

The major players operating Rodenticides market are  The DOW Chemical Company, Syngenta AG, UPL Limited, Pelgar International, Senestech, Inc, Bayer Cropscience AG, THE DOW CHEMICAL COMPANY, Liphatech, Inc., Neogen Corporation, E.I. Du Pont De Nemours and Company, J.T. Eaton & Co., Inc and Impex Europa S.L.

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The global Rodenticides Market is segmented as follows:

By Type

• Non-anticoagulant rodenticides
• Anticoagulant rodenticides
• Others

By Application  

• Agricultural  
• Pest control
• Warehouses  
• Others

By Region  

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa