"We Envision Growth Strategies Most Suited
to Your Business"
The global rodenticides market size is projected to reach USD 2,660.82 million by 2027. It is set to gain impetus from the increasing usage of non-toxic products, such as third-generation rodenticides. These would aid in limiting the risk of affecting other animals, except for rodents. Fortune Business Insights™ published this information in a recent study, titled, “Rodenticides Market Size, Share & Industry Analysis, By Type (Anticoagulant and Non-anticoagulant), Form (Pellets, Powders, Sprays, and Others), Application (Agricultural Fields, Warehouse, Pest Control Companies, and Others), and Regional Forecast, 2020 – 2027.” The study further mentions that the market stood at USD 2,046.03 million in 2019. It would exhibit a CAGR of 3.46% during the forecast period between 2020-2027.
BASF Launches Storm Ultra Secure® Bait for Rodents
In August 2019, BASF SE, the largest chemical producer in the world headquartered in Germany, unveiled its new 25 parts per million (ppm) flocoumafen bait called Storm Ultra Secure®. Studies have proven that this product is more effective than the 50ppm baits that are presently available in abundance in the market. In the laboratory tests conducted by the company, rats were given a choice between Storm Ultra Secure and a controlled non-toxic food source. The results revealed that even though the non-toxic source of food was available, some rats consumed the new product in high quantity. They consumed twice the normal dosage of the new rodenticide. It would thus, be very efficient for the farmers in controlling rodents in their farms.
To get a detailed report summary and research scope of this market, click here:
Rising Contamination of Food to Accelerate Demand for Rodenticides
As per our research, over 20% of all the produced food items are damaged by rodents. Commensal mice and rats breed and reside under concrete slabs, inside ships, warehouses, agricultural fields, attics, sewers, granaries, and buildings. In residential and commercial construction areas, these rodents are capable of damaging walls and electric wirings easily. They may even attack domestic livestock and feed upon chickens. Such rodents contaminate food stuff. It is not always about what they eat, but about what is thrown away because of either suspected or actual contamination. Hence, the rising loss of economy and food items occurring because of these rodents would propel the rodenticides market growth in the coming years. However, before marketing or distributing rodent pests, the products must go through strict monitoring processes by the regulatory bodies. It may hamper the popularity of rodenticides.
Key Players Aim to Gain Competitive Edge by Launching New Rodenticides
The market is fragmented with the presence of several small, medium, and large companies. They are persistently striving to gain a competitive edge by either launching innovative products or by following the mergers and acquisitions strategy. Companies, such as BASF, Bayer, and Neogen are conducting extensive research to develop novel rats and mice pest control products that are non-toxic and would fulfil the requirements of their clients.
Fortune Business Insights™ lists out all the companies operating in the rodenticides market. They are as follows:
Notable Industry Developments-
Further Report Findings-
The global market can be segmented into the following way:
Value (USD Million)