The Global Rodenticides Marketwas valued at USD 440 million in 2016 and is projected to reach USD 1690 million by 2025, growing at a CAGR of 3.65% from 2017 to 2025.
Rodenticides are pesticides that are used in rodent controls. Rodents such as mice, rats squirrel cause ecological damage. They consist of two types’ non-anticoagulant rodenticides and anticoagulant rodenticides. This market is heavily regulated. The toxicity level is different in all parts of the world. High demand for food grains due to the increase in population is the major reason for the growth of this market.
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Market Dynamics:
1. Market Drivers
1.1 Preventing diseases caused by rodents.
1.2 Major rise in rodent population.
1.3 Prevention of loss due to rodent attacks.
2. Market Restraints
2.1 Toxic effects on animals.
2.2 Change of government policies in different countries.
Market Segmentation:
The Global Rodenticides Market is segmented on thebasis of Type, Mode of Application, End user and Region.
1. By Type:
1.1 Anticoagulant Rodenticides
1.1.1 First-Generation Anticoagulants
1.1.1.1 Warfarin
1.1.1.2 Diphacinone
1.1.1.3 Coumatetrayl
1.1.1.4 Chlorophacinone
1.1.2 Second-Generation Anticoagulants
1.1.3 Flocoumafen
1.1.4 Brodifacoum
1.1.5 Bromadiolone
1.1.6 Difethialone
1.1.7 Difenacoum
1.2 Non-Anticoagulant Rodenticides
1.2.1 Bromethalin
1.2.2 Zinc Phosphide
1.2.3 Cholecalciferol
1.2.4 Strychnine
1.3 Others
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2. By Mode of Application:
2.1 Sprays
2.2 Pellets
2.3 Powders
3. By end user:
3.1 Warehouses
3.2 Agricultural Fields
3.3 Pest Control Companies
3.4 Urban Center
3.5 Household Consumers
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Bayer AG
2. Rentokil Initial PLC
3. Neogen Corporation
4. Liphatech, Inc.
5. Senestech Inc.
6. BASF SE
7. Syngenta
8. UPL Limited
9. Bell Laboratories Inc.
10. Impex Europa S.L.
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Global Rodenticides Market
By Type (Anticoagulant Rodenticides, Non-Anticoagulant Rodenticides, others), By Mode of Application (Sprays,Pellets, Powders), By End user (Agricultural Fields, Warehouses, Urban Center), By Region (North America, Asia Pacific, Europe, Rest of World).