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Description
Rodenticides Market size was valued at USD 5,109.8 million in 2021 and is poised to grow at a significant CAGR of 5.4% over 2022–2028. Concerns about the long-term impacts of chemical rodenticides are widespread around the world. For instance, current EU legislation on the use of biocides captures this. Traditional chemical rodenticides frequently provide an excessive environmental danger, particularly anti-coagulants. They are classified as poisonous, bio-accumulative, and persistent (PBT). Therefore, they persist in the ecology where they are used. Thus, chemical rodenticides pose a growing risk to humans and non-target species, including domestic pets, birds, and mammals. In addition, many rodent species learn to avoid chemical rodenticides and become resistant to them over time. As a result, there is a justified need for alternative, eco-friendly rodenticides. Additionally, various pesticides used to control rats are dangerous to animals, including humans. The cost of the approach is increased by such regulation. The chemical ingredient may be hazardous, so different alternatives like natural extracts should be considered. As a result, using natural plant extracts as a rodent deterrent technique may be a better alternative strategy. Various natural extracts are tested on several species of rats using a behavioral research methodology. These natural products are widely accessible in today’s culture and don’t harm the environment or mammals. It was possible to discuss the rodenticidal effects of different plant extracts solved by various chemical substances under varied circumstances, and the results were quite adequate. The use of these findings in challenging areas is highly likely.
Recent Market Developments:
In January 2022, Syngenta Crop Protection acquired the two bioinsecticides NemaTrident and UniSpore from UK-based Biomema Limited which is one of the foremost players in bioprotection technology development. This acquisition could help the company to strategize new developments under its pest management vertical.
In July 2021, Bayer introduced a new pest control product Harmonix Rodent Paste, a high-performance cholecalciferol rodenticide which is mentioned to have a large use for a longer period of time. Plus, this new solution allows pest controllers to prevent rodents in outdoor and indoor locations.
In January 2020, UPL and AgBitech, which is specialized in delivering sustainable and profitable products to ease the farming have undergone through a distribution agreement in Africa for Fawligen, a product to manage fall armyworm. This would help the company to expand its boundaries in the other region and solidifies its rodenticides business.
