Rodent Control Market on the Rise: Forecasted Growth and Trends through 2027

Allied Market Research has published a report titled "Rodent Control Market by Type (Chemical, Mechanical, Biological, and Others) and Application (Commercial, Residential, Agriculture, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global rodent control industry generated $2.4 billion in 2019 and is projected to reach $3.9 billion by 2027, with a CAGR of 6.4% from 2020 to 2027.

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Prime Determinants of Growth

- Urbanization and Population Growth: Increasing urbanization and exponential population growth are driving market expansion.
- Climate Change: Changes in climatic conditions contribute to the rise in rodent populations.
- Availability of Products and Services: Easy access to rodent control products and services boosts market growth.
- Regulatory Challenges: Stringent regulations and bans on chemical-based rodent control products pose challenges.
- Bio-Based Rodenticides: R&D activities focused on bio-based rodenticides present new market opportunities.

Market Segmentation

By Type:

Chemical Segment: The chemical segment held the largest market share in 2019, accounting for over one-third of the global market, and is expected to maintain its lead. Industry efforts to provide less toxic rodent control chemicals that adhere to Food Quality Protection Act standards drive this segment's growth.

Biological Segment: Expected to witness the highest CAGR of 7.3% from 2020 to 2027, driven by active research on new pathogen species for rodent prevention.

By Application:

Residential Segment: The residential segment held the highest market share in 2019, nearly one-third of the global market, and is expected to maintain its revenue dominance by 2027. Growth is driven by increased building construction in developing areas and government rodent control initiatives.

Commercial Segment: Projected to register the highest CAGR of 6.8% during the forecast period, fueled by the increased use of chemical and mechanical rodent control methods in hospitals, households, farms, and restaurants.

Regional Insights

North America: Dominated the market in 2019, accounting for nearly half of the global market share. Market growth is supported by a strong housing market, improving economy, and government vector control programs.

Asia-Pacific: Expected to register a CAGR of 7.5% from 2020 to 2027, driven by the expansion of agricultural lands and growth in organic food production in China and India.

Leading Market Players

- Syngenta AG
- Senestech Corporation
- Anti cimex
- BASF SE
- Bayer AG
- Ecolab Inc.
- Neogen Corporation
- PelGar International
- Rentokil Initial Plc
- Rollins Inc.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/rodent-control-market-A06153

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