Global Rodenticides Market to Reach $7.1 Billion by 2026

SAN FRANCISCO, March 10, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Rodenticides - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 8; Released: February 2022
Executive Pool: 3273
Companies: 44 - Players covered include Abell Pest Control; Anticimex; BASF SE; Bayer AG; Bell Laboratories Inc.; EcoClear Products Inc.; Ecolab Inc; Futura Germany; Impex Europa; Liphatech, Inc.; Neogen Chemicals; PelGar International; Rentokil Initial Plc; Rollins Inc; SenesTech Inc and Others.
Coverage: All major geographies and key segments
Segments: Type (Anticoagulant, Non-Anticoagulant); End-Use (Pest Control Companies, Agricultural Fields, Warehouses, Household Consumers, Urban Centers)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Rodenticides Market to Reach $7.1 Billion by 2026
Rodenticides, generally known as rat poison, refer to the chemicals that are used for killing rodents such as voles, beavers, nutria, porcupines, chipmunks, woodchucks, squirrels, and mice. Demand for rodenticides is on the rise, driven by the growing rodent numbers and the significant damage caused by them to health, agricultural yield, and property, and the government efforts to control their population. Agriculture sector represents the major end-use market for rodenticides, on account of the damage caused by rodents to crops, stored grain and produce, and farm equipment. Rising hygiene and health consciousness among people is also aiding market growth. Also, growing human population worldwide and the need for crop production on a large scale are fueling the use of rodenticides in various regions. In addition, the rise in construction of new of hotels, hospitals, residential housing, and offices are spurring the use of such chemicals. The market also benefits from the growing use of integrated pest management, which is an approach that focuses on the economic management of damage-causing rodents. The introduction of natural and non-toxic rodenticides and 3rd generation anticoagulants are expected to offer new growth avenues for the market. Rodenticides are available in powder, spray, and pellet formats, with pellets leading the market.

Amid the COVID-19 crisis, the global market for Rodenticides estimated at US$5.7 Billion in the year 2022, is projected to reach a revised size of US$7.1 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Anticoagulant, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$5.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Anticoagulant segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 22.7% share of the global Rodenticides market. Anticoagulant rodenticides hold the dominant share of the market, given their widespread use due to their capability to kill in one dose or several doses. Anticoagulant rodenticides are anticipated to witness strong growth on account of their significant adoption in the agricultural sector. Non-anticoagulant rodenticides interfere with blood coagulation and result in spontaneous bleeding when consumed in large quantities. There are several types of non-anticoagulant rodenticides available in the market, including colecalciferol, bromomethylene and zinc phosphate. Colecalciferol is probably the only non-anticoagulant rodenticide to be allowed for use in organic farming.

The U.S. Market is Estimated at $1.9 Billion in 2022, While China is Forecast to Reach $998.3 Million by 2026
The Rodenticides market in the U.S. is estimated at US$1.9 Billion in the year 2022. The country currently accounts for a 34.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$998.3 Million in the year 2026 trailing a CAGR of 7.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the end of the analysis period. The expanding agrarian industry in developing regions such as Brazil, India, and China support the use of rodenticides in these markets. More

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SOURCE Global Industry Analysts, Inc.