Press release
Rodenticide Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Rodenticide
What Is the Expected Rodenticide Market Size During the Forecast Period?
In recent years, the rodenticide market has seen robust growth. Forecasted to increase from $7.24 billion in 2024 to $7.93 billion in 2025, it will achieve a compound annual growth rate (CAGR) of 9.5%. Factors contributing to the growth in the past have included heightened awareness towards sanitation and hygiene, greater demand from the hospitality and tourism industries, an uptick in construction activities, mounting damages from rodents, and a surge in vector-borne diseases.
The market for rodenticides is projected to experience significant growth in the coming years, forecasted to reach $12.36 billion by 2029, with an 11.7% CAGR. This projected growth for the specified period can be attributed to various factors such as the expansion of the agricultural industry, an increase in the number of warehouses, urban development, and an escalation in food waste. Predominant trends for this period encompass the utility of fast-acting rodenticides to promptly suppress rodent infestations, providing D2C rodenticide platforms to dedicated pest control firms or authorized professionals due to safety considerations, concentrating on product innovation and the creation of new product solutions to fortify market positioning, and strategic partnerships and collaborations to enhance product offerings and geographical reach.
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What Are the High-Growth Segments in the Rodenticide Market?
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
Subsegments:
1) By Anticoagulant: First-Generation Anticoagulants, Second-Generation Anticoagulants
2) By Non-Anticoagulant: Acute Toxins, Calcium Releasers
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What Key Drivers Are Expected to Influence Future Rodenticide Market Growth?
The escalation in the agricultural sector is foreseen to boost the rodenticide market's development. The agricultural sector pertains to businesses heavily engaged in cleaning, processing, storing, or packing a variety of products primarily derived from agricultural production. Agricultural firms commonly utilize rodenticides to shield their products from rodents like rats, mice, and other pest species. For instance, in February 2024, reports from the Department for Environment Food & Rural Affairs, a government agency based in the UK, stated that the average farm business income (FBI) across all farms in the UK witnessed a significant rise, from USD 50461 (£46,500) in 2020/21 to USD 78133 (£72,000) in 2021/22. Besides, the UK's total income from farming (TIFF) saw a 17% rise from 2021, increasing to $6.61 billion (£7.9 billion) in 2022 with an added USD 1.43 billion (£1.1 billion). As such, the rodenticide market's growth is being fuelled by the expanding agricultural industry.
Which Companies Hold the Largest Share Across Different Rodenticide Market Segments?
Major companies operating in the rodenticide market include 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
What Trends Are Expected to Dominate the Rodenticide Market in the Next 5 Years?
Leading firms in the rodenticides market are prioritizing product advancements and the creation of pioneering technologies, such as future-proof technologies. This approach aims at improving safety, effectiveness, and ecological sustainability, while also catering to evolving customer preferences and regulatory norms. Future-proof technologies are breakthrough inventions meant to stay useful and efficient as circumstances and necessities expand. These technologies are built for flexibility, scalability, and resilience to swiftly adapt to market fluctuations and consumer needs. Illustratively, in February 2024, Syngenta, an agriculture technology company based in Switherland, introduced SecureChoice. SecureChoice can be conveniently set up during the building or renovation process, or even existing constructions, specifically in areas that are often inaccessible but favored by rodents.
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What Are the Emerging Geographies for The Rodenticide Market Growth?
North America was the largest region in the rodenticide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rodenticide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Rodenticide Market?
2. What is the CAGR expected in the Rodenticide Market?
3. What Are the Key Innovations Transforming the Rodenticide Industry?
4. Which Region Is Leading the Rodenticide Market?
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