Rodent Control Market Segments, Top Key Players, Drivers And Trends 2022

According to Precision Business Insights (PBI), the latest report, the rodent control market is expected to be valued at USD 2,638.5 million in 2022 and is poised to grow at a significant CAGR of 6.7% over 2022-2028. The primary drivers of the expansion of the global rodent control market include rapid urbanization, growing awareness, and various type of rodent control services.

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Residential Segment to Dominate the Rodent Control Market:
Based on application, the global rodent control market is segmented into residential, commercial, industrial, agriculture, and others. The residential segment is expected to account for a larger revenue share in the global rodent control market, with a value share worldwide. Increasing construction activities in emerging countries like China and India to cope up with the huge growing population is driving the demand for rodent control services. According to the World Economic Forum, India will be the world's most populated country by 2030. Also, the surging housing market in USA is driving this residential sector in the global rodent market.

North America Rodent Control Market:
North America is expected to increase in the global rodent control market over the forecast period. North America is expanding in the global rodent control market as a result of the growing construction activities and awareness about rodent control and services. Asia Specific held considerable market share during estimated period and is anticipated to register the highest CAGR in the upcoming years owing to the growing numbers of densely populated area, increasing construction work, and awareness among people about rodent control.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global rodent control market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Aug 2022, Rentokil North America launched GENIE Max, an odor management system.

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The rodent control market is segmented based on type, application, and geography.
Based on the type, the market is segmented into the following:
• Chemical
• Mechanical
• Biological
• Others

Based on the application, the market is segmented into the following:
• Residential
• Commercial
• Industrial
• Agriculture
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the rodent control market report are Anticimex, BASF SE, Bayer AG, Rentokil Initial Plc, Ecolab Inc., Neogen Corporation, PelGar International, Rollins Inc., SenesTech Inc., Syngenta AG, Terminix, and Orkin.

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This release was published on openPR.