Rodenticides Market by Type (Anticoagulants, Non-Anticoagulants, and Others), by End User (Agricultural Field, Warehouses, Pest Control Companies, Urban Centers, and Others) & by Geography - Global Trends & Forecasts to 2019
LONDON, Oct. 30, 2014 /PRNewswire/ -- Report Description
The rodenticides market size is projected to increase due to the demand for food grains and rising farmers concerns over food wastage due to rodents. Rodenticides are also used in integrated pest management programs. The emerging markets with increasing demand for rodenticides are estimated to generate potential opportunities in the market.
The rodenticides market was sub-segmented into anticoagulants and non-anticoagulants. Both, the anticoagulants and non-anticoagulants markets were segmented based on their respective types and geography.
The rodenticides market includes chemical and natural rodenticides. Rodenticides are widely used in agricultural fields, green houses as well as warehouses to protect crops as well as food grains temporarily stored after harvesting in open areas. They are classified as anticoagulants, non-anticoagulants, and others depending on how they work. They are used by end users such as pest control agencies, in agricultural fields, warehouses, and urban centers.
The pest control companies were estimated as the largest rodenticides end users in 2014. The Asia-Pacific market is estimated to grow at the highest CAGR with emerging markets in the region and increasing demand for food grains.
To maintain a competitive edge in the rodenticides market, the key players invest heavily in the development of new bait formulations. The key players of the rodenticides market were observed to prefer new product launches as the strategy to garner a larger share in the market. The key companies have also entered into agreements and collaborations to market new products. The report provides a complete analysis of key companies and a chronology of developments with respect to new products and their applications. It also analyzes the market dynamics, winning imperatives, and issues faced by the leading players.
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