What is Global Rodenticides Market?
The Global Rodenticides Market is a comprehensive study of the worldwide market for rodenticides, which are pesticides designed to kill rodents. Rodents, such as rats, mice, and squirrels, can cause significant damage to crops, property, and human health. Therefore, rodenticides are used extensively in various sectors, including agriculture, domestic settings, industrial areas, and public health. The market study includes an analysis of various types of rodenticides, including anticoagulants and non-anticoagulants, and their usage in different areas. The market value of rodenticides was US$ 1367.4 million in 2022, and it is expected to reach US$ 1867.6 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2029. UPL is the largest manufacturer in this market, with its revenue exceeding 9% of the global market. However, the market is also characterized by the presence of several other players, contributing to its competitive nature. The market study provides a detailed analysis of the market dynamics, including the key drivers, restraints, opportunities, and challenges, as well as the competitive landscape. The report also provides strategic recommendations for new entrants and existing players to help them gain a competitive edge in the market.
Anticoagulants, Non-Anticoagulants in the Global Rodenticides Market:
Anticoagulants and non-anticoagulants are the two main types of rodenticides used in the Global Rodenticides Market. Anticoagulants work by disrupting the normal blood clotting mechanism in rodents, leading to internal bleeding and death. These are further classified into first-generation anticoagulants, which require multiple feedings to be effective, and second-generation anticoagulants, which are more potent and can kill rodents in a single feeding. On the other hand, non-anticoagulants work by different mechanisms, such as disrupting the nervous system or causing kidney failure. These are typically used when rodents have developed resistance to anticoagulants. The choice between anticoagulants and non-anticoagulants depends on various factors, including the type of rodent, the extent of infestation, and the risk of secondary poisoning. Both types of rodenticides have their advantages and disadvantages, and their usage varies across different regions and sectors.
Agriculture, Domestic/Industrial/Public Health in the Global Rodenticides Market:
The Global Rodenticides Market finds its application in various areas, including agriculture, domestic settings, industrial areas, and public health. In agriculture, rodenticides are used to protect crops from damage caused by rodents. Rodents can cause significant crop losses by feeding on the crops and spreading diseases. Therefore, rodenticides are an essential tool for farmers to protect their yield and ensure food security. In domestic settings, rodenticides are used to control rodent infestations in homes and gardens. Rodents can cause property damage by gnawing on structures and wiring, and they can also spread diseases to humans and pets. In industrial areas, rodenticides are used to prevent damage to equipment and infrastructure, and to maintain hygiene standards. In public health, rodenticides are used to control rodent populations in urban areas, to prevent the spread of diseases such as leptospirosis and hantavirus. The usage of rodenticides in these areas is governed by various regulations to ensure their safe and effective use.
Global Rodenticides Market Outlook:
The global Rodenticides market, which was valued at US$ 1367.4 million in 2022, is projected to reach a value of US$ 1867.6 million by 2029. This indicates a steady growth at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2023 to 2029. The market's leading manufacturer is UPL, which holds a significant share of over 9% in the global market. This data provides a snapshot of the market's current status and its potential growth in the coming years. It's important to note that while UPL holds a dominant position, the market is also populated by several other players, making it a competitive landscape. The growth of the market is driven by various factors, including the increasing rodent population, the damage caused by rodents to agriculture and property, and the risk of diseases spread by rodents. However, the market also faces challenges, such as the risk of secondary poisoning and the development of resistance in rodents. Despite these challenges, the market is expected to continue its growth trajectory, driven by the ongoing need for effective rodent control.
| Report Metric | Details |
| Report Name | Rodenticides Market |
| Accounted market size in 2022 | US$ 1367.4 million |
| Forecasted market size in 2029 | US$ 1867.6 million |
| CAGR | 4.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | UPL, Basf, Liphatech, Bayer Cropscience, Senestech, Marusan Pharma Biotech, Syngenta, JT Eaton, Neogen Corporation, PelGar International, Brizal Quimica, Impex Europa, TEIKOKU SEIYAKU, Pulangke, SANLI |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
