What is Global Rodenticide Market?
The Global Rodenticide Market is a vast and dynamic sector that deals with the production and distribution of rodenticides, which are chemicals designed to kill rodents. These substances are used in various settings, from agricultural fields to urban areas, to control the population of harmful rodents that can cause significant damage to crops, property, and even human health. The market is driven by several factors, including the increasing demand for food due to the growing global population, the need for pest control in urban and suburban areas, and the development of new and effective rodenticide products. However, the market also faces several challenges, such as the harmful effects of rodenticides on non-target animals and the environment, and the increasing resistance of rodents to certain types of rodenticides. Despite these challenges, the Global Rodenticide Market continues to grow and evolve, offering numerous opportunities for businesses and investors.
Anticoagulants Rodenticides, Non-anticoagulants Rodenticides in the Global Rodenticide Market:
The Global Rodenticide Market is divided into two main segments based on the type of rodenticide: Anticoagulants Rodenticides and Non-anticoagulants Rodenticides. Anticoagulants Rodenticides are the most commonly used type, accounting for about 80% of the market. These rodenticides work by interfering with the blood clotting process in rodents, leading to their death. They are highly effective and can control a wide range of rodent species. However, they also pose a risk to non-target animals and humans if ingested. On the other hand, Non-anticoagulants Rodenticides are less common but are becoming increasingly important due to the growing resistance of rodents to anticoagulants. These rodenticides work by different mechanisms, such as disrupting the nervous system or causing kidney failure in rodents. They are generally more toxic and less selective than anticoagulants, but they can be used to control rodent populations that are resistant to other types of rodenticides.
Agriculture, Domestic/Industrial/Public Health in the Global Rodenticide Market:
The Global Rodenticide Market serves a wide range of applications, with Agriculture, Domestic/Industrial/Public Health being the main areas of usage. In Agriculture, rodenticides are used to control rodent populations that can cause significant damage to crops, leading to substantial economic losses. They are also used to prevent the spread of diseases that rodents can carry, such as leptospirosis and hantavirus. In the Domestic/Industrial/Public Health sector, rodenticides are used to control rodents in homes, businesses, and public spaces. They are essential for maintaining hygiene and preventing the spread of diseases in these settings. However, the use of rodenticides in these areas also raises concerns about their impact on non-target animals and the environment, highlighting the need for safe and responsible use.
Global Rodenticide Market Outlook:
The Global Rodenticide Market is a thriving sector with a promising future. In 2022, the market was valued at US$ 1367 million and is expected to grow to US$ 1804.8 million by 2029, with a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period from 2023 to 2029. This growth is driven by the increasing demand for rodenticides in various applications, from agriculture to domestic and public health. The market is dominated by the top 3 players, who collectively hold about 15% of the global market share. The majority of the market is made up of Anticoagulants Rodenticides, which account for about 80% of the market, while Agriculture is the main application, holding about 70% of the market share.
| Report Metric | Details |
| Report Name | Rodenticide Market |
| Accounted market size in 2022 | US$ 1367 in million |
| Forecasted market size in 2029 | US$ 1804.8 million |
| CAGR | 4.0% |
| 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, Brazil 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 |
