Rodenticides Market worth $ 7.9 Billion by 2030 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Rodenticides Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global rodenticides market size is anticipated to witness single-digit growth during the forecast period i.e. 2021-2030. The increasing incidences of pest-related diseases globally; the rising concerns over food security due to the ever-rising global population; the increasing global rodent population due to climatic changes such as global warming, and the surging concerns regarding the damage caused by rodents in agricultural fields are among the major factors contributing to the growth of the global rodenticides market.

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According to type, the anticoagulants segment is predicted to hold the largest share of the global rodenticides market during the forecast period. On the other hand, the non-anticoagulants segment is anticipated to witness the highest growth in the market over the forecast period. According to rodent type, the rat segment captured the largest share of the global rodenticides market in 2020. The segment is expected to further retain its lead in the market during the forecast period. According to mode of application, the pellet segment dominated the global rodenticides market during the forecast period.

According to end-use sector, the commercial segment led the global rodenticides market in 2020. However, the residential segment is predicted to emerge as the most dominant segment of the rodenticides market during the forecast period.

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Geographically, the North American region acquired the largest share of the global rodenticides market in 2020. The region is further projected to retain its hold over the market during the forecast period of 2021-2030. Countries such as the U.S. and Canada are among the key contributors to the region. The Asia Pacific region is estimated to register the highest CAGR in the market during the forecast period, with India, China, Japan, and Australia to be the key contributors to the growth of the market in the region.

Some of the major rodenticides companies profiled in the report include Neogen Corporation, Rentokil Initial PLC, Ecolab Inc, Rollins Inc. , BASF SE, Bayer AG, Syngenta, Liphatech Inc., PelGar International and JT Eaton.

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The global rodenticides market is segmented into type, rodent type, mode of application, end-use sector and region. Based on type, the market is bifurcated into non-anticoagulant and anticoagulant. The anticoagulants segment is further classified into first-generation anticoagulant and second-generation anticoagulants. Based on rodent type, it is classified into rat, mouse, chipmunk, hamster and others. The others segment if further classified into voles and gerbils. Based on mode of application, it is classified into pellets, spray, powder, blocks and others. Based on end-use sector, it is classified into agricultural fields, warehouses, residential and commercial.

The global rodenticides market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Rodenticides Market

• On the basis of type, the anticoagulants segment is predicted to hold the largest share of the global rodenticides market during the forecast period. The non-anticoagulants segment is anticipated to witness the highest growth in the market over the forecast period.
• On the basis of rodent type, the rat segment captured the largest share of the global rodenticides market in 2020 and is expected to further retain its lead in the market during the forecast period.
• On the basis of mode of application, the pellet segment dominated the global rodenticides market during the forecast period.
• On the basis of end-use sector, the commercial segment led the global rodenticides market in 2020. The residential segment is predicted to emerge as the most dominant segment of the rodenticides market during the forecast period.
• On the basis of region, North America acquired the largest share of the global rodenticides market in 2020 and is projected to further retain its hold over the market during the forecast period of 2021-2030.
• On the basis of region, the Asia Pacific is estimated to register the highest CAGR in the market during the forecast period.

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This release was published on openPR.