Emphasis on Products Type (Anticoagulant Rodenticides, Non-Coagulant Rodenticides); Mode Of Application (Pellets, Powders, Sprays, Others); End-Users (Agriculture, Pest Control Companies, Warehouse, Urban Centers, Households, Others); Region/Country
The rodenticides market is expected to register a CAGR of approx. 4% over the period of 2022-2028. Rodenticides are pesticides that are frequently mixed with ingredients such as peanut butter or molasses to attract and kill rodents found in agricultural fields and warehouses. Both urban residents and farmers must deal with the problem of rodent infestation because it harms both standing crops and human living spaces, lowers farm yields, and lowers crop prices. Worldwide, rodent control is a major public health concern. Pests like rats and mice destroy and contaminate crops, food products in storage, ornamental plants, commercial and residential properties, cable, and irrigation pipes, as well as cause damage to and spread disease in forestry, nurseries, and household settings. In order to treat rat infestations both proactively and curatively, rodenticides are frequently used. The rising demand for rodenticides can be attributed to the growing rodent population which is a major factor behind the increasing prevalence of transferable diseases such as plague, hantavirus infection, and Lassa fever, which in turn affect the human being and the environment globally. For instance, according to CDC, as of the end of 2020, 833 cases of hantavirus disease were reported in the United States. These were all laboratory-confirmed cases and included HPS and non-pulmonary hantavirus infection. Expansion of residential areas and businesses, increasing pressure on government agencies to maintain hygiene standards thus leading to the growing demand for rodenticides and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the rodenticides market is anticipated to grow on account of the increasing contamination of food products by rodents, along with the impact of climate change on the sudden rise in the rodent population. However, some of the restraints in the market including the government regulations and ban on rodenticides in some developed countries are impeding the growth of this market all over the world.
BASF SE, Bayer AG, Neogen Chemicals Ltd, PelGar International Ltd, Bell Laboratories Inc, Impex Europa S.L., EcoClear Products Inc, Syngenta Crop Protection AG, Liphatech, Inc, JT Eaton & Co.Inc are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product Type, the anticoagulant rodenticides category accounted for the majority share in the market in 2020”
Based on the product type, the rodenticides market is segmented into anticoagulant rodenticides and non-coagulant rodenticides. The anticoagulant rodenticides segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe as it prevents blood from clotting. Rodents fed anticoagulant rodenticide baits die painlessly and easily from internal bleeding. In addition, it is less toxic to other animals, as well as humans. This type is in high demand from the agricultural sector across the globe, which boosts the growth of the segment.
“Among Mode of Applications, the pellets are expected to witness considerable CAGR during the forecast period”
Based on the mode of application, the market is fragmented into pellets, powders, sprays, and others. The pellets segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period as pellets attract large numbers of rodents due to their seed-like shape which in turn drives the growth of the segment. Moreover, pellets are highly palatable formulation, outstanding acceptance, and effective control with a single feed which are likely to aid the growth of the segment.
“Among End-User, the pest control companies channel is expected to witness the considerable CAGR during the forecast period”
Based on end-users, the market is segmented into agriculture, pest control companies, warehouses, urban centers, households, and others. The pest control companies segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe Pest control agencies are suitable to reduce the consequences of overuse and abuse of pesticides that are, in most cases, particularly sensitive to the environment. Moreover, pest control companies provide safety to individuals from the toxicity and un-targeted attack of several rodenticides. Pest control companies provide services to many sectors such as homes, hotels, retail businesses, office complexes, food processing sectors, manufacturing facilities, agriculture, warehouse, schools, and electronic sectors.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the rodenticides market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the rodenticides industry owing to the increasing population of rodents along with the increasing number of rodent control products and services.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Rodenticides Market
6. Global Rodenticides Market Revenue (usd Bn), 2019-2027f
7. Market Insights By Product Type
8. Market Insights By Mode Of Application
9. Market Insights By End Users
10. Market Insights By Region
11. Rodenticides Market Dynamics
12. Rodenticides Market Opportunities
13. Rodenticides Market Trends & Insights
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Global Rodenticides Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global rodenticides market were the three major steps undertaken to create and analyze the adoption of rodenticides in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global rodenticides market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the rodenticides market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the rodenticides market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product type, mode of application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the rodenticides market. Further, we conducted factor analysis using dependent and independent variables such as Increasing the contamination of food products by rodents, and the impact of climate change on the sudden rise in rodent population globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the rodenticides market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global rodenticides market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global rodenticides market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, mode of applications, and end-users in the global rodenticides market.
The main objective of the Global Rodenticides Market Study
The current & future market trends of the global rodenticides market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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