2025-2034 Rodenticide Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Rodenticide Industry Market Size Be by 2025?
In recent years, the rodenticide market has experienced robust growth. The market size, which stood at $7.24 billion in 2024, is projected to rise to $7.93 billion in 2025, indicative of a compound annual growth rate (CAGR) of 9.5%. This growth during the historic period can be credited to factors like an enhanced understanding and prioritizing of sanitation and hygiene, amplified demand from the tourism and hospitality sectors, a surge in construction activities, escalating damage due to rodents, and an upward trend in vector-borne diseases.

What's the Long-Term Growth Forecast for the Rodenticide Market Size Through 2029?
Rapid expansion is anticipated in the rodenticide market in the coming years, with forecasts predicting growth to $12.36 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 11.7%. This predicted growth during the forecast period will be fueled by factors such as the expanding agricultural sector, increased number of warehouses, escalating urbanization, and an increase in food waste. Noteworthy trends for the forecast period consist of the utilization of fast-acting rodenticides for swift extermination of rodent plagues, providing direct-to-consumer (D2C) rodenticide platforms to specialist pest control firms or licensed professionals due to safety considerations. The focus will also be on product innovation and the creation of fresh product solutions to reinforce market positioning, with an emphasis on partnerships and collaborations to enhance product range and geographical reach.

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What Are the Key Growth Drivers Fueling the Rodenticide Market Expansion?
The predicted expansion of the agricultural sector is seen as a driving factor for the growth of the rodenticide market. The farming sector involves various operations such as cleaning, treatment, storage, or packing of diverse commodities mainly derived from agricultural activities. Rodenticides play a significant part in this sector, helping to safeguard crops from rodents like rats and mice. For example, as per the February 2024 reports by the UK-based Department for Environment Food & Rural Affairs, the average financial income from all UK farms (known as FBI) witnessed a significant rise, from USD 50461(£46,500) in the fiscal year 2020/21 to USD 78133(£72,000) in 2021/22. Additionally, in 2022, the UK total Income from Farming (TIFF) was recorded at $6.61 billion (£7.9 billion), marking an increase of 17% from the previous year with an addition of USD 1.43 billion (£1.1 billion). Thus, the expanding agricultural sector is considered a key reason for the rise in the rodenticide market growth.

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What Are the Key Trends Driving Rodenticide Market Growth?
Leading firms dwelling in the rodenticides market are primarily focusing on innovating new products and ushering in new technologies such as future-proof technologies. These advancements aim to heighten efficacy, safety, and environment-friendly sustainability, while satisfying evolving consumer needs and abiding by regulations. The concept of future-proof technology involves the introduction of game-changing innovations that persist to be effective and applicable as the demands escalate. They include the feature of flexibility, scalability, and adaptability to remain resilient amid swift market and user requirement changes. For instance, in February 2024, Syngenta, an agricultural technology firm from Switzerland, unveiled SecureChoice, which can be effortlessly set up during construction or renewal endeavors or be integrated into current structures. It is exceedingly effective in areas that are challenging to access and are favored by rodents.

How Is the Rodenticide Market Segmented?
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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Which Companies Are Leading the Charge in Rodenticide Market Innovation?
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

Which Regions Are Leading the Global Rodenticide Market in Revenue?
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.

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