Global Rodenticides Market is expected to register a CAGR of approx. 4% over the period of 2022-2028. Rodenticides are pesticides that are frequently mixed with ingredients such as peanut butter or molasses to attract and kill rodents found in agricultural fields and warehouses. Both urban residents and farmers must deal with the problem of rodent infestation because it harms both standing crops and human living spaces, lowers farm yields, and lowers crop prices. Worldwide, rodent control is a major public health concern. Pests like rats and mice destroy and contaminate crops, food products in storage, ornamental plants, commercial and residential properties, cable, and irrigation pipes, as well as cause damage to and spread disease in forestry, nurseries, and household settings. In order to treat rat infestations both proactively and curatively, rodenticides are frequently used. The global rodenticides market is rising due to the rise in rodent populations due to the impact of climate change. Rodent control products are in high demand in most major cities around the world. Market players are engaged in the development of new products for effective control of the rodent population thus, the key players launching new and innovative products to meet the changing needs of the consumers.
For instance, in July 2021, Bayer introduced a new pest control product Harmonix Rodent Paste, a high-performance cholecalciferol rodenticide that is mentioned to have a large use for a longer period of time. Plus, this new solution allows pest controllers to prevent rodents in outdoor and indoor locations. Owing to these glaring statistics the demand for rodenticides is anticipated to grow in the forthcoming years as the rodents can die pain-free due to internal bleeding. Moreover, increasing urbanization and industrialization coupled with the rate of rodent displacement in urban areas has fueled the demand for the rodenticides market. Furthermore, the increasing contamination of food products by rodents along with acting as vectors for various diseases such as hantavirus and plague, and Lassa fever is expected to drive the growth rate of rodenticides market in the coming years.
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Based on the product type, the rodenticides market is segmented into anticoagulant rodenticides and non-coagulant rodenticides. The anticoagulant rodenticides segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe as they prevent blood from clotting. Rodents fed anticoagulant rodenticide baits die painlessly and easily from internal bleeding.
Based on the mode of application, the market is fragmented into pellets, powders, sprays, and others. The pellets segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period as pellets attract large numbers of rodents due to their seed-like shape which in turn drives the growth of the segment.
For a better understanding of the market adoption of rodenticides market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the rodenticides industry owing to the increasing population of rodents along with the increasing number of rodent control products and services.
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Some of the major players operating in the market include BASF SE, Bayer AG, Neogen Chemicals Ltd, PelGar International Ltd, Bell Laboratories Inc, Impex Europa S.L., EcoClear Products Inc, Syngenta Crop Protection AG, Liphatech, Inc, JT Eaton & Co.Inc.
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