Rodenticides Market Projected to Reach $5.9 Billion by 2025

MarketsandMarkets™ INC. - Wednesday, June 12, 2019.
Enviado por Supriya Bhangale

The report "Rodenticides Market by Type (Non-Anticoagulants, Anticoagulants (FGAR, SGAR)), End-Use Sector (Agricultural Fields, Warehouses, Urban Centers (Residential, Commercial)), Mode of Application (Pellets, Sprays, Powders), and Region - Global Forecast to 2025", is projected to reach USD 5.9 billion by 2025, from USD 4.7 billion in 2019, at a CAGR of 3.7% during the forecast period. The market is driven by factors such as urbanization and industrialization, along with public awareness about chemical-based rodenticides.

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Rodenticides have majorly been used in urban centers  

The major factor for the higher adoption of rodenticides in urban centers is to control the increasing population of the rodents, which found a very safe shelter under residential and commercial settings. The residential areas offer ample food, which is highly susceptible to rodent infestations. Not only they consume the food, but also contaminate the food, which develops hygiene and health issues among the people. Rats are considered the vectors of around 60 communicable diseases.  Furthermore, they cause structural damage to the commercial buildings, which can lead to a lot of monetary losses to the owners. Hence,  rodenticides play a crucial role in getting rid of rodents from urban centers.

North America is projected to dominate the rodenticides market by 2025.

The rodenticides market was dominated by North America in 2018 and is also projected to witness significant growth during the forecast period. This is due to the growing concerns of rodent attacks in the US. According to the Washington Post Company LLC (US), there were about 2 million New York City rats in 2014. According to Rentokil Initial Plc (UK), there are over 20,000 pest control service companies in North America; Orkin, Terminix, Rentokil, and Ecolab occupy a significant share in the market. Among all the pests, according to the same report, rodents were responsible for over 29% of pest incidents in America in 2017, 35% of which were from the North-Eastern region.

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Key Market Players:

The rodenticides market is divided into two segments—product manufacturers and service providers. The key companies in product manufacturing include BASF SE (Germany), Bayer (Germany), Syngenta (Switzerland), UPL (India), Liphatech Inc. (US), JT Eaton (US), Neogen Corporation (US), Pelgar International (UK), Senestech Inc. (US), Bell Laboratories (US), and Impex Europa (UK). The key service providers include Rentokil Initial Plc (UK), Terminix (US), Ecolab (US), Anticimex (Sweden), Rollins (US), Truly Nolen (US), and Abell Pest Control (Canada).

Recent Developments:

In January 2019, Turner Pest Control (US), a Jacksonville-based Anticimex company acquired Brandon Pest Control (US). It is a USD 8 million company that deals with pest control service provision. The acquisition is part of the company’s aggressive growth strategy. 

In April 2018, BASF (US) launched Selontra rodent bait, a soft bait formulation. This is a cholecalciferol-based rodenticide, which helps the professionals for rodent control.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming commercial prospects for the rodenticides market?
  • What is the impact of high capital investment on the rodenticides market?
  • What are the new technologies and active ingredients introduced in the rodenticides market?
  • What are the latest trends in the rodenticides market?

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