"We Envision Growth Strategies Most Suited
to Your Business"

Rodenticides Market to Exhibit 3.46% CAGR till 2027; Rising Usage of Non-toxic Products to Boost Growth

May 27, 2020 | Agriculture

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:


https://www.fortunebusinessinsights.com/rodenticides-market-102826


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:



  • BASF SE - Germany

  • Bayer AG - Germany

  • Neogen Chemicals – United States

  • Rentokil Initial Plc – United Kingdom

  • PelGar International – United Kingdom

  • Liphatech, Inc. – United States

  • Bell Laboratories Inc. – United States

  • Impex Europa - Spain

  • EcoClear Products Inc. – United States

  • Syngenta AG – Switzerland


Notable Industry Developments-



  • January 2019: Turner Pest Control, a pest control company based in Jacksonville, successfully acquired Brandon Pest Control, a family-operated and locally owned pest control service provider. It has only 65 employees. This deal would aid Turner in broadening its footprint across Florida. Both companies would ensure to deliver smooth services to their consumers.

  • April 2018: BASF launched its new rodent bait named Selontra®. It possesses a unique soft bait formulation that provides poultry and livestock growers, as well as pest management professionals with an effective and efficient rodent control. The company spent the last five years conducting research and development activities to create this new rodenticide.


Further Report Findings-



  • North America generated USD 692.58 million revenue in 2019 and would lead the market throughout the forecast period. This growth is attributable to the rising number of residential societies in this region.

  • Europe is anticipated to follow North America in terms of share backed by the rising population of rodents as there are a large number of deteriorating garbage chutes and drains in this region.

  • By type, the anticoagulant segment held 75.54% rodenticides market share in 2019 owing to their high demand as they are less toxic to other animals and human beings.


The global market can be segmented into the following way:











































 ATTRIBUTE


 DETAILS

Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



   2016-2018



Unit



  Value (USD Million)



Segmentation



By Type



  • Anticoagulant

  • Non-Anticoagulant



By Form



  • Pellets

  • Powders

  • Sprays

  • Others (Granules, Blocks)



By Application



  • Agricultural Fields

  • Warehouse

  • Pest Control Companies

  • Others (Urban Centres, Households, and others)



By Region



  • North America (U.S., Canada, and Mexico)

  • Europe (Spain, Italy, France, Germany, United Kingdom, and the Rest of Europe)

  • Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)

  • South America (Brazil, Argentina, and the Rest of South America)

  • Middle East & Africa (South Africa, Saudi Arabia, and the Rest of the MEA)


Rodenticides Market
  • PDF
  • 2019
  • 2016-2018
  • 150

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Our Clients

UL
Facebook
Deloitee
Gallagher
LG Chem
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X