Rodenticides Business Research Report 2023-2030: Market Lines Up For Phenomenal Growth Spurt Ahead
(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Rodenticides - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Rodenticides was estimated at US$5.6 Billion in 2023 and is projected to reach US$7.9 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The development of rodenticides has evolved with an increasing focus on safety and specificity. Recent advancements have led to the creation of more humane and environmentally friendly products, such as rodenticides that cause rapid unconsciousness before death, thereby reducing suffering. Additionally, the industry has seen a shift towards formulations that degrade more quickly in the environment, reducing residual toxicity. Innovations also include bait technologies that are more appealing to specific types of rodents, enhancing effectiveness while minimizing unintended impacts. These changes are driven by stricter regulatory standards and a growing public demand for pest control methods that are both effective and conscientious.
The growth in the rodenticide market is driven by several factors, including the expansion of urban areas and increased agricultural activity, which create environments ripe for rodent infestations. Increasing global temperatures and milder winters have also contributed to larger and more active rodent populations, heightening the demand for effective control solutions. Eco-friendly rodenticides, made from natural sources, are seen expanding their relevance and addressable market amid rising emphasis on use of products that are friendly to environment, people and living beings. Natural rodenticides act as dehydrants and kill rodents . Additionally, advancements in product efficacy and safety attract users who previously might have hesitated to use chemical controls due to environmental or safety concerns. Economic development in emerging markets has led to more widespread adoption of formal pest control measures, further stimulating market growth. As the balance between efficacy and environmental impact becomes more refined, the rodenticide market continues to adapt, ensuring ongoing relevance in global pest management strategies.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Anticoagulant Rodenticides segment, which is expected to reach US$5.8 Billion by 2030 with a CAGR of a 4.8%. The Non-Anticoagulant Rodenticides segment is also set to grow at 5.9% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.9 Billion in 2023, and China, forecasted to grow at an impressive 6.5% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players such as Bayer AG, NEOGEN Corporation, Rentokil Initial PLC, and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 386 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $5.6 Billion |
| Forecasted Market Value (USD) by 2030 | $7.9 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
Hantavirus: A Hidden Threat in the US to Drive the Demand for Rodenticides Rodenticides: An Introduction Major Factors Driving the Need to Control Rodents Ranking of Industries Most Affected by Rats Types of Rodenticides Anticoagulants Non-anticoagulant Rodenticides Rodenticides - Global Key Competitors Percentage Market Share in 2024 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E) Global Market Analysis and Overview Global Rodenticides Market Lines Up for Phenomenal Growth Spurt Ahead Anticoagulant, Household & Pest Control Companies: Thriving Segments of Rodenticides Market Household Segment Remains Primary Revenue Contributor Pest Control Players to Claim Major Value Share North America Rule while Asia-Pacific Displays Fastest Growth on Rodenticides Market Asia-Pacific Commands Growth Trajectory Global Rodenticides Market: Halcyon Days Ahead with Dynamic Drivers Recent Market Activity Influencer/Product/Technology Insights
MARKET TRENDS & DRIVERS
Sustained Prevalence of Rodent-Borne Diseases Augments Demand for Rodenticides A Snapshot of Select Rodent-Borne Diseases Climatic Changes Encourage Rodent Proliferation, Widening the Scope of Rodenticides Change in Average Temperature Worldwide in Degree Celsius: 1910s-2020s With Population Growing and Demand for Food Rising, the Need to Increase Agriculture Production and Yield Drives Demand for Rodenticides Shrinking Arable Land Drives Demand Considerable Progress in Effectiveness, Safety, & Eco-Friendliness of New Formulations Rodent Control Innovations Threatening Traditional Rodenticide Approaches Eco-Friendly Rodent Control Continues Mustering Momentum as Mega Trend Rodent Disruption in Farmlands Spurs Demand EXERCISE: Farm Size Distribution Worldwide - Percentage Breakdown of Farm Land by Size and Region Growing Emphasis on Integrated Pest Management to Bolster Growth Increasing Rodent Population and the Rise in Associated Threats Drive Demand for Rodenticides Ranking of Most Problematic Rodents by Type Exponential Increase in Urbanization and Rise in Rodent Menace Spur Demand Food Service Restaurants: An Important Market Rise in Construction Activity and Need For Rodent Control Programs to Augment Demand for Rodenticides Rise in use of Digital Traps to Alter Demand for Rodenticides
MARKET CHALLENGES AND ISSUES
Increasing Immunity to Rodenticides Sparks Fear about Spike in Population Potential Ban on Select Rodenticides Following Concerns over Wildlife Poisoning Toxicity Profile of Select First-Generation Anticoagulants Toxicity Profile of Select Second-Generation Anticoagulants Toxicity Profile of Select Non-Anticoagulant Rodenticides
FOCUS ON SELECT PLAYERS (Total 56 Featured)
Bayer AG NEOGEN Corporation Rentokil Initial PLC EcoClear Products, Inc. Brandt Consolidated, Inc. Bell Laboratories, Inc. Hunan Haili Chemical Industry Co.,Ltd.(Hunan Haili) Nixalite of America, Inc. PrimusLabs SenesTech, Inc. Anticimex International AB Rollins, Inc. Laboratorio Agrochem, S.L. Aimco Pesticides Ltd. PelGar International Ltd.
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