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Global Rodent Control Market Growth Share and Global Outlook 2022-2030

09-19-2022 07:56 AM CET | Industry, Real Estate & Construction

Press release from: Inkwood Research

RODENT CONTROL MARKET

RODENT CONTROL MARKET

According to Inkwood Research, the Global Rodent Control Market is evaluated to grow with a CAGR of 6.85% in terms of revenue during the forecasting years of 2019-2028.
"Browse 33 Market Data Tables and 40 Figures spread over 150 Pages, along with an in-depth TOC on the Global Rodent Control Market Forecast 2019-2028."

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Rapid urbanization primarily leads to rodents seeking spaces and shelter near humans. As a result, rodent control is used to regulate rodents, especially from areas susceptible to rat-damage, such as residential settings, commercial avenues, warehouses, and agricultural land fields. The rising consciousness among people over health and hygiene has also created a heightened need for rodent control.

Changes in Climatic Conditions Reinforce Market Growth
Constant climatic changes are projected to create an increase in rodents, thereby impacting the yield of staple crops like wheat, corn, and soybeans. Warmer temperatures ensure longer growing seasons and a swifter growth rate in crops. However, they also increase rodents' metabolic rates and the number of breeding cycles. For instance, rodents that initially had only two breeding cycles, annually, gain an additional cycle if warm growing seasons lengthen, thereby generating a population explosion. Thus, changing climatic conditions lead to increased rodents, and fuel the rodent control market growth.
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Biological is the Prominent Type
Biological rodent control is used to prevent rodents, through predatory animals like mongooses and snakes, as well as pathogens. Its application entails deploying the usual enemies of a rodent, for prompt rodent removal. Similarly, parasites such as salmonella are often used to avert rodents. However, owing to their harmful effects on non-target beings, they are avoided in densely populated areas.
Also, rodents are likely to develop immunity against such pathogens and ultimately become a carrier, instead. Compared to the chemical rodent control segment, the biological rodent control industry is highly fragmented, restricting its primary applications to agriculture and farming. Yet, rising customer concern regarding the adverse health problems linked to rodent control chemicals is projected to boost the biological rodent control type's market growth.

North America Projected to Dominate the Global Market by 2028
Government legislation, the protection of high-value assets, and strict auditing compliance have bolstered the demand for digital pest control, in North America. Moreover, the rising consumer awareness regarding diseases, such as plague, spread by rodents, and the growing need for vector control, is expected to sustain the demand for rodent control. On the other hand, the region's gradually improving economy, and the housing market's reinforcement is likely to augment the residential and commercial market division, within the professional rodent control industry.
The competitive rivalry within the market is intense, owing to aspects such as the involvement of small-to-medium-scale rodent control production firms and reduced switching cost. Besides, a large number of competitors exist in the market, fostering an equal market share. Thus, such factors are further accredited to high industrial competition. Prominent companies operating in the market are, BASF SE, Anticimex, Ecolab Inc, Bayer AG, etc.

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