A recent report published by
Infinium Global Research on the rodenticides market provides an in-depth analysis of
segments and sub-segments in the global as well as regional rodenticides
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional rodenticides market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global rodenticides market. According to the
report, the global rodenticides market is projected to grow at a CAGR of 3.4% over
the forecast period of 2019-2025.
Rodenticides are pest control
chemicals used for the purpose of killing and repelling rodents in the
household, agricultural fields, warehouses, and many others. Globally, the
growth of rodenticides market is driven owing to subsequent urbanization, the occurrence of pest-related diseases, and increasing population.
The increasing incidences of
transferable diseases such as Hantavirus infection, plague, and Lassa fever
owing to the increasing rodent population are likely to trigger the growth of
rodenticides market over the forecast period. Furthermore, raising awareness regarding
crop wastage among farmers coupled with increasing concern towards economic
loss related to damage caused by rodents in agricultural fields further fuels
the growth of the market. However, strict rules and regulations regarding the
use of chemical rodenticides in developed countries could hamper the
rodenticides market. Going further, the growth in a number of hospitals,
hotels, offices, and housing along with inclination towards hygiene standards
provides growth opportunities for the market.
Geographically, North America
dominates the rodenticides market throughout the forecast period owing to the
presence of a large number of manufacturers. As per Rentokil Initial Plc (UK),
there are over 20,000 pest control service companies in North America.
Moreover, the U.S. dominated the North America market in 2018. Furthermore, the growth of the Europe region
is attributed owing to the increasing rodent population coupled with the
presence of over 6,000 pest control companies in this region. However, Asia
Pacific is expected to be witness substantial growth during the forecast
period. The countries such as China and India have a positive impact on the
rodenticides market in the Asia Pacific region. In addition, expanding the literacy
rate among the farmer in the Asia Pacific region is helping the growth of
rodenticides market. The Middle East and Africa and Latin America are expected
to be the moderate CAGR over the forecast period owing to wide-scale losses in
agricultural fields majorly destroyed by rodents.
The report on global rodenticides
market covers segments such as product type, mode of application, and end-user.
On the basis of product type, the sub-markets include non-anticoagulant
rodenticides, and anticoagulant rodenticides. On the basis of mode of
application, the sub-markets include pellets, powders, and sprays. On the basis
of end-user, the sub-markets include agricultural fields, warehouses,
household, and other end-user.
The report provides profiles of
the companies in the market such as BASF SE, SenesTech, PelGar International,
Neogen Corp., JT Eaton, Liphatech, Inc., UPL Limited, Syngenta AG, Bayer AG,
and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the rodenticides market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.