Rodenticides Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Rodenticides Market: By Type (Anti Coagulants, Coagulants, Others), By Form, (Pellets, Sprays, Powders, others), By End User (Ware Houses, Agricultural Fields, Pest Control companies, Others), By Region

 

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Report

Description

The global rodenticides market size value USD 5.1 billion in 2020 and expected to reach USD 6.8 billion by 2027, at a CAGR of 5.4% during the forecast period 2021-2027. Rodenticides are the group of heterogeneous compounds that are used to kill the rodents, primarily mice, and rats. Rodenticides primarily used in warehouses, greenhouses and agriculture for killing the rodents which cause the crop damage. Global rodenticides market is expected to grow at significant rates over the forecast period due to development of new rodenticides by the market players to increase their market share. For instance, in September 2014, Bayer AG has launched innovative new rodenticide, Racumin Foam for controlling rodenticide. Companies operating in rodenticides market are also focusing on expanding their geographical reach by various strategies such as acquisition, licensing and collaboration. For instance, Dec 2015, Neogen Corporation acquired complete rodenticide assets of Virbac Corporation, North America affiliate of Viabc Group, to expand their marketplace and product line.

Rodenticides Market

MARKET SUMMARY
-
5.4% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.4%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Rodenticides Market

  • The report on global rodenticides market gives historical, current and future market sizes (US$ Mn) based on by type, by form,  end user and regions.
  • rodenticides market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Bayer AG
  • BASF SE
  • Rentokil Initial plc
  • Syngenta
  • Neogen Corporation
Rodenticides Market

Drivers And Restraints

The rise in the demand for protection of crop and farmers concerns regarding the food wastage by rodents are primary driving factors for the global market. In addition, ever-growing world population leading to increased demand for the food crops. Furthermore, adaptation of the chemicals for the crop protection and development of the innovative rodenticides with the least risk for the farmers are expected to boost the global market over the forecast period. Moreover, rise in demand for the pesticides along with the growth in agricultural due to government initiatives and support is expected to positively impact the market growth during the forecast period. However, toxicity of the pesticides on humans and stringent regulations by government over usage of rodenticides due to soil contamination are expected to hamper the market growth over the forecast period.


North-America got significant share

Rodenticides Market

Geographically Rodenticides market is divided into five key regions, i.e. North America, Europe, Asia- Pacific, Latin America, and The Middle East & Africa. North America rodenticides market is expected to grow at significant rates owing to the presence of the key market players and investment in the development of the new products. Asia Pacific rodenticides market is expected to have significant growth rate owing to rise in food grains demand and growing agricultural sectors, especially in India and China. Furthermore, recent product launches and growing adaptation of rodenticides for crop protection in Australia projected to boost the market share. For instance, in February 2017, BASF has launched two new fast acting rodenticides namely, “Selontra” and “Storm” in Australia. Europe rodenticides market expected to grow at notable rates owing to the technological advancements in agriculture sector and rising concerns related to crop protection.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In November 2014, SYNGENTA AG introduced Talon Ultrablok rodenticide to advanced rodent control.

Key

Key Features of the Report

Rodenticides Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Description

The global rodenticides market size value USD 5.1 billion in 2020 and expected to reach USD 6.8 billion by 2027, at a CAGR of 5.4% during the forecast period 2021-2027. Rodenticides are the group of heterogeneous compounds that are used to kill the rodents, primarily mice, and rats. Rodenticides primarily used in warehouses, greenhouses and agriculture for killing the rodents which cause the crop damage. Global rodenticides market is expected to grow at significant rates over the forecast period due to development of new rodenticides by the market players to increase their market share. For instance, in September 2014, Bayer AG has launched innovative new rodenticide, Racumin Foam for controlling rodenticide. Companies operating in rodenticides market are also focusing on expanding their geographical reach by various strategies such as acquisition, licensing and collaboration. For instance, Dec 2015, Neogen Corporation acquired complete rodenticide assets of Virbac Corporation, North America affiliate of Viabc Group, to expand their marketplace and product line.

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