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Comprehensive Report On The Global Rodenticide Market For The Forecast Period 2024-2033 | BASF SE, Syngenta, Bayer AG, Neogen Corporation, UPL Limited, Bell Laboratories Inc, Liphatech Inc.
Rodenticide Global Market Report 2024
The Business Research Company offers in-depth market insights through Rodenticide Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The rodenticide market size has grown strongly in recent years. It will grow from $6.64 billion in 2023 to $7.29 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to rise in awareness about sanitation and hygiene, the increase in demand from the hospitality and tourism sectors, the rise in construction activities, increased damage caused by rodents and the rise in vector-borne diseases.
The rodenticide market size is expected to see rapid growth in the next few years. It will grow to $10.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to a growing agricultural industry, the rising number of warehouses, rising urbanization and growing food waste. Major trends in the forecast period include adoption of fast-acting rodenticides to eradicate rodent infestations swiftly, offering direct-to-consumer (d2c) rodenticide platforms to specialized pest control companies or licensed professionals due to safety concerns, focus on product innovations and developing new product solutions to strengthen their position in the market and focus on partnerships and collaborations to improve their product portfolio and geographical presence.
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Market Segmentation:
The rodenticide market covered in this report is segmented -
1) By Type: Anticoagulant, Non-Anticoagulan
2) By Form: Pellet, Spray, Powder, Other Forms
3) By Application: Agriculture, Warehouses, Pest Control Companies, Other Applications
Major Driver - Agricultural Industry Expansion Fuels Growth Of Rodenticide Market
The growth of the agricultural industry is expected to propel the growth of the rodenticide market going forward. The agriculture industry refers to enterprises or companies that are majorly involved in cleaning, processing, storing, or packing various types of products that are mainly obtained from agricultural production. Rodenticides are mostly used in the agricultural industry to protect agricultural products from rats, mice, and other rodent pests. For instance, according to the United States Department of Agriculture, a US-based agricultural department, Soybean plantations across the US increased to 90 million acres in 2021 from 83 million acres in 2020. Also, corn plantations increased to 92 million acres in 2021 from 90.8 million in 2020. Additionally, according to Inc42, an India-based media platform, the Indian agricultural sector is predicted to increase to USD 24 billion by 2025. Therefore, the increase in the growth of the agricultural industry is driving the growth of the rodenticide market.
Competitive Landscape:
Major companies operating in the rodenticide market report are BASF SE, Syngenta, Bayer AG, Neogen Corporation, UPL Limited, Bell Laboratories Inc, Liphatech Inc., PelGar International, JT Eaton, Impex Europa, India Pesticides Limited, United Phosphorus Ltd, Kalyani Industries Limited, Sumitomo Chemical India Limited (SCIL), Dow AgroSciences Australia Ltd, Rentokil Initial plc, Mitsui Chemicals, TAE IL COMPANY, Sinochem International Corporation, China National Chemical Corporation, We-Young Industrial & Trading Co. Ltd., Shijiazhuang Awiner Biotech Co. Ltd, Shandong Dongtai Agricultural Chemistry Co. Ltd., Sunking Chemical Industrial Co. Ltd., Anticimex, Industrialchimica, Fregata S.A., ItalTiger, ZEP Inc, EcoClear, Senestech Inc, Arch Quimica Argentina Srl, Lectus Sa., Alexander Chemical Company, Dow Agrosciences De Colombia S.A., Brinsa S.A., BioDalia Microbiological Technologies, Ecovar Trading LLC, Al Mubarak Agro-Chemicals, VAPCO Manufacturing CO. Ltd., Kassar Group, KZ pesticides company, Enviro Bio-Chem, Synvita, Degesch South Africa
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Top Trend - Innovative Solutions Drive Evolution In The Rodenticide Market
Product innovation has emerged as a key trend gaining popularity in the rodenticide market. Major companies operating in the rodenticide sector are focused on developing innovative rodenticides that control rodent infestations effectively to sustain their position in the market. For instance, in April 2021, BASF SE, a German chemicals company launched an innovative rodenticide to address super-rat resistance in the UK. It is a new bait that is effective in limiting infestations of super-rats - rodents unaffected by anticoagulants. The new product is made from the active ingredient cholecalciferol which causes death from hypercalcaemia. It avoids wastage in farms, preventing further contamination and spread of disease.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Rodenticide Market Characteristics
3. Rodenticide Market Trends And Strategies
4. Rodenticide Market - Macro Economic Scenario
5. Rodenticide Market Size And Growth
…..
27. Rodenticide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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