LONDON, Nov. 1, 2016 /PRNewswire/ -- "Rodenticides market projected to grow at a CAGR of 3.76% from 2016 to 2021"
The rodenticides market is projected to reach USD 1.23 billion by 2022 at a CAGR of 3.76% from 2016. The market is driven by factors such as awareness of preventing the losses caused due to rodent attack and minimizing the rodent infestation. With the increase in disposable income, the demand for a hygienic environment increases, thus driving the demand for advancements in rodenticides products. Regulatory requirements such as environmental protection laws and changing government policies across diverse regions are the restraining factors for rodenticides product manufacturers and service providers.
"Anticoagulant rodenticides accounted for the largest market share in 2015."
Anticoagulant rodenticides are of lethal doses, which help to kill rodents in a single dose or multiple doses. These rodenticides block the activity of the vitamin K cycle, resulting in the inability to produce blood clotting factors—prothrombin and proconvertin; this leads to internal bleeding and death of the animal.
Anticoagulants act relatively slowly, when compared to the most acute rodenticides. As the anticoagulant baits are slow in action, there is an advantage in administering the antidote to save other pets or humans in case of accidental ingestion. About 95% of the chemical control of rodents in the U.S. is done using anticoagulants.
"Pest control companies segment projected to lead the market by 2022."
In pest control companies, rodenticides are used by professional pest control technicians in significant volumes to combat rodent infestations. Professional pest control companies use rodenticides commonly in scenarios termed as 'in and around buildings', and in other areas such as sewers, open areas, warehouses, and fields. Pest control companies also provide services to maintain the standard hygienic conditions and prevent damages caused by rodent manifestations. These companies also examine and explore surrounding perimeters for rodents to prevent the recurrence of damage.
"Asia-Pacific market projected to grow at the highest CAGR between 2016 and 2021."
The increase in food dependence on the agricultural sector and rise in concerns regarding modern rodenticides practices, in China and India, and demand for maintaining hygienic environmental conditions are expected to fuel the growth of the rodenticides market in the Asia-Pacific region. China and India are among the top five countries producing rice and wheat. As the production of these commodities is high, these countries need rodenticide products to avoid post-harvest losses.
The breakdown of primaries on the basis of company, designation, and region, conducted during the research study is given below.
By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
By Designation: Director Level – 22%, C Level – 28%, and Others – 50%
By Region: North America – 18%, Europe – 25%, Asia-Pacific – 45%, and RoW – 12%
Key players are as follows:
- BASF SE (Germany)
- Bayer AG (Germany)
- Syngenta (Switzerland)
- Rentokil Initial plc (U.K.)
- UPL Limited (India)
These companies collectively accounted for the largest portion of the rodenticides market in 2015.
Other players with a strong presence in this market are as follows:
- Neogen Corporation (U.S.)
- Bell Laboratories (U.S.)
- Liphatech, Inc. (U.S.)
- Impex Europa S.L. (Spain)
- SenesTech, Inc. (U.S.)
Reasons to buy this report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), and company profiles, which together comprise and discuss the basic views on the competitive landscape—emerging and high-growth segments of the global rodenticides market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following:
- Market Penetration: Comprehensive information on rodenticides products offered by top players in the global market
- Product Development/Innovation: Detailed insights on upcoming rodenticides techniques, research & development activities, and new product launches in the rodenticides market
- Market Development: Comprehensive information about lucrative emerging markets
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global rodenticides market
- Competitive Assessment: In-depth assessment of market share, strategies, products, and manufacturing capabilities of leading players in the global rodenticides market
This research report categorizes the rodenticides market based on type, end user, method of application, and region. Based on type, the market has been segmented into non-anticoagulant and coagulant. Based on end user, the market has been segmented into agricultural fields, warehouses, pest control companies, urban centers, household consumers. In terms of method of application, the market has been segmented into pellets, sprays, powders. Regional segmentation of the market includes North America, Europe, Asia-Pacific, Latin America, and RoW (Rest of the World).
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