A recent report published by Infinium Global Research on rodenticides market provides 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 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 increasing rodent population is 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 regulation 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 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 is 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 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.
Get free analyst support for the queries before and post purchasing report.
Be assured of 100% customer satisfaction about the research and get 24X7 customer support.
Infinium has achieved over 400%+ growth in its repository and revenue over the last 2 years. Yes, we are proud to say we are growing at a great pace and becoming a trusted partner among our clients.
sign up for our newsletter