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Rodenticides Market Trends and Growth Drivers: A Comprehensive Analysis

03-01-2024 01:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

Rodenticides Market Trends and Growth Drivers: A Comprehensive

The global rodenticides market is poised for substantial growth, as indicated by a recent research report titled "Rodenticides Market by Type, Mode of Application, End Use, Rodent Types & Region - Global Forecast to 2029" published by MarketsandMarkets. With an estimated value of USD 5.8 billion in 2024, the market is projected to reach USD 7.7 billion by 2029, exhibiting a steady CAGR of 5.9% during the forecast period.

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Emergence of Urban Centers as Key Growth Catalyst:

One of the primary drivers of the rodenticides market is the escalating demand stemming from urban centers. The report highlights the proliferation of rodent populations in urban areas due to readily available food sources like overflowing trash cans and spilled grains. To combat the associated health risks and property damage, urban centers increasingly rely on rodenticides for effective pest management.

Pellet-Based Applications Dominating the Market:

Pellet-based rodenticides have emerged as the preferred choice among consumers and professionals alike due to their convenience and durability. With their ease of handling and prolonged shelf life, pellet formulations offer effective pest control solutions, especially in challenging environments. This trend has contributed to the significant market share held by pellet-based applications.

Rapid Growth in Mice Control Segment:

The report underscores the remarkable growth observed in the mice control segment within the rodenticides market. Mice, known for their adaptability and rapid reproduction rates, pose significant challenges across various environments. Their omnivorous diet and swift breeding cycles necessitate robust rodent control measures, driving the demand for rodenticides aimed at mitigating mouse infestations.

Asia Pacific Driving Market Expansion:

The Asia Pacific region stands out as a key contributor to the growth trajectory of the rodenticides market. Factors such as rapid urbanization, industrialization, and extensive agricultural activities have created fertile ground for rodent infestations. As a result, there's a burgeoning demand for rodenticides to address pest management needs in urban, industrial, and agricultural settings across the region.

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Key Players and Market Dynamics:

The report identifies prominent players in the rodenticides market, including BASF SE, Bayer AG, Syngenta AG, and UPL, among others. These companies play a pivotal role in shaping market dynamics through product innovation, strategic partnerships, and geographical expansion.

In conclusion, the global rodenticides market is witnessing steady growth driven by evolving pest control needs, particularly in urban centers and agricultural landscapes. With innovative formulations and strategic initiatives by key market players, the industry is poised for further expansion in the coming years.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA: +1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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