img

Rodenticides Market By Product (Non-anticoagulants, Anticoagulants), By Application (Pellets, Powder And Spray), By End-User (Pest Control Companies, Agriculture), And Region For 2024-2031


Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Rodenticides Market By Product (Non-anticoagulants, Anticoagulants), By Application (Pellets, Powder And Spray), By End-User (Pest Control Companies, Agriculture), And Region For 2024-2031

Rodenticides Market Valuation – 2024-2031

The growing need for rodenticides is caused by a number of interconnected variables that work together to increase global demand. Rodenticides are chemical chemicals that are particularly designed to kill rodents like rats and mice which are regarded pests because of their potential to destroy crops, spread diseases, and penetrate human dwellings. Rodenticides are required because rodent infestations represent considerable challenges to the agricultural, industrial, and residential sectors by enabling the market to surpass a revenue of USD 2.43 Billion valued in 2023 and reach a valuation of around USD 3.14 Billion by 2031.

The increasing demand for rodenticides is driven by a variety of factors including agricultural, industrial, residential, and environmental concerns. Effective rodent management is critical for protecting agricultural products guaranteeing food security, maintaining sanitary conditions in industrial settings, protecting public health in cities, and adhering to regulatory guidelines. Rodenticide development and acceptance are still being shaped by technological advancements and changing market dynamics with a rising emphasis on pest management approaches that are sustainable, safe, and effective by enabling the market to grow at a CAGR of 3.60% from 2024 to 2031. 

Rodenticides MarketDefinition/ Overview

Chemical compounds known as rodenticides have been designed for the control of rodent populations including rats, mice, and other pests of a similar nature. These substances are typically formulated to function as anticoagulants which lead to internal bleeding, or as neurotoxins causing respiratory or cardiac failure in the targeted pests. Utilized in both residential and agricultural environments, rodenticides are deemed essential in the management of rodent infestations that present considerable health risks and cause significant damage to crops, property, and food supplies. The monitoring of their use is conducted closely by regulatory bodies to minimize the environmental impact and prevent harm to non-target species such as pets and wildlife.

Rodenticides can remain in the environment and bioaccumulate in food chains endangering non-target animals and ecosystem health. Anticoagulant rodenticides, in particular have been investigated for their persistence and potential to harm wildlife via indirect exposure. Rodenticide use limitations and recommendations have been adopted by regulatory agencies around the world with a focus on product registration, application methods, and environmental impact monitoring. Integrated pest management approaches advocate for reducing rodenticide use by implementing preventive measures and non-chemical control strategies whenever practicable.

Furthermore, the future scope of rodenticides is expected to be influenced by advancements in formulation technology and regulatory changes which are aimed at ensuring safety and environmental sustainability. The development of biodegradable and target-specific rodenticides which minimize the risk to non-target species and reduce environmental contamination. Additionally, the enhancement of efficiency and effectiveness in rodent control strategies is projected through the integration of rodenticides with smart technology for monitoring and application purposes. This evolution is likely to be driven by an increasing demand for pest control solutions that are more humane and environmentally friendly along with stringent regulations that mandate the safe use of these chemicals.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Will Increasing Public Concern Over Health Risks Associated with Rodenticides Drive Adoption of Alternative Pest Control Solutions?

A shift towards the adoption of safer pest control methods is being driven by increased public concern about the health risks associated with rodenticides. By regulatory bodies and environmental organizations, the potential harm to non-target species and environmental contamination has been highlighted leading to a rise in awareness. As a result, a preference for more environmentally friendly methods of pest control such as biological control, ultrasonic devices, and physical traps is being shown by consumers and businesses. These methods are considered to be less harmful to humans, pets, and wildlife, prompting a shift toward non-chemical pest management strategies.

Additionally, the support for the development and promotion of alternative pest control solutions is being provided by advances in technology and research. The traction is being gained by innovations in biological control such as the use of natural predators or genetically modified organisms to target specific pests. Through research, the effectiveness of these alternatives is being enhanced making them more appealing to those concerned about health and environmental impacts. An expansion in the market for alternative solutions is expected to be seen further driven by regulatory measures aimed at reducing the use of chemical rodenticides. This shift is indicative of a broader movement towards sustainability and health-conscious choices in pest management.

Will Stringent Regulatory Landscapes Regarding Rodenticide Use in Certain Regions Impede the Overall Growth of the Global Rodenticide Market?

Stringent regulations in certain regions regarding the use of rodenticides may pose challenges to the growth of the global rodenticide market. Environmental concerns and the risk to non-target species including pets and wildlife, have led to the implementation of increased regulations. These regulations may necessitate more comprehensive testing and approval processes for rodenticides potentially resulting in higher costs for manufacturers and delays in product market entry. Consequently, the development and accessibility of rodenticides might be limited impacting the market’s overall expansion.

Furthermore, the encouragement of alternative pest control methods by these stringent regulations is observed. Safer and more environmentally friendly alternatives such as biological control methods and mechanical traps are becoming more preferred among consumers and businesses aiming to adhere to regulatory guidelines. This trend towards alternative solutions is likely to diversify the pest control market potentially diminishing the reliance on traditional chemical rodenticides. Therefore, a shift in market demand might be witnessed with the growth of the rodenticide market possibly tempered by the increasing availability and acceptance of non-chemical pest management solutions.

Category-Wise Acumens

How Increasing Use as Ingredient for Commensal Rodent Control Drive the Product Segment?

Among the anticoagulant rodenticides discussed difethialone, bromadiolone, brodifacoum, chlorophacinone, and warfarin, brodifacoum stands out in numerous important ways. Brodifacoum is a second-generation anticoagulant rodenticide noted for its strength and long half-life making it particularly successful at controlling rodent populations with a single dose. Its capacity to remain in rats bodies for an extended duration guarantees that deadly amounts are ingested even after initial exposure lowering the possibility of bait aversion and resistance development among mice. This feature makes brodifacoum especially appealing in situations where other rodenticides have proven ineffective due to resistance difficulties.

Brodifacoum is effective against a wide range of rodent species including those resistant to first-generation anticoagulants such as warfarin. Because of its efficacy, less bait is required per bait station than with earlier rodenticides, lowering the danger of environmental contamination and non-target exposure. Despite worries about secondary poisoning of predatory species, brodifacoum is still widely used because of its efficacy in efficiently and economically managing rat populations which is critical in agricultural, urban, and industrial contexts around the world. Thus, brodifacoum’s potency, durability, and efficacy against resistant strains contribute to its supremacy in the anticoagulant rodenticide industry.

How Increasing Use in Both Urban and Rural Situation Drive the Application Segment?

Some of the major elements contribute to the pellets segment’s market dominance highlighting its versatility and efficacy across a wide range of applications. For starters, pellets are highly versatile and may be used in both urban and rural settings making them an excellent choice for pest control solutions in a variety of situations. Their tiny, rounded shape makes them easy to handle and deploy in bait trays and boxes ensuring that pests like rats are controlled effectively and efficiently.

Pellets have a composition that is both extremely edible and effective in attaining specific pest management goals. This compound improves target pest acceptance maximizing pest management performance. Furthermore, the stability of pellets in dry conditions enables a long shelf life and steady performance making them suited for long-term usage without efficacy loss. These characteristics make pellets not only a popular choice in agriculture but also in residential, public, and commercial applications where dependable pest management solutions are critical for upholding hygiene and safety standards. As a result, the pellets segment not only owns the biggest market share now but is also predicted to rise at a rapid compound annual growth rate (CAGR) during the forecast period.

Gain Access into Rodenticide Market Report Methodology

Country/Region-wise Acumens

Will Stricter Regulations Drive the North American Region?

North America is estimated to dominate the rodenticide market during the forecast period despite the anticipation of stricter rodenticide regulations. These anticipated regulations are understood to significantly influence the region’s leadership by aiming to mitigate the negative environmental effects and health risks associated with the use of these chemicals. This includes addressing potential dangers to non-target species and the pollution of water bodies. As a consequence, the process of developing and gaining approval for new rodenticide products is likely to become more cumbersome and prolonged. This scenario necessitates a push by manufacturers towards investment in research and development of alternatives that are safer and more environmentally friendly. While this shift is seen as advantageous for both environmental and public health, it could lead to an increase in costs and a decrease in the global competitiveness of North American rodenticide products.

Furthermore, due to the implementation of stricter regulations, an acceleration in the adoption of alternative pest control methods is expected. Both consumers and professionals are making a shift towards non-chemical pest management solutions such as electronic traps and natural predators, propelled by regulatory pressures. This shift is further bolstered by the rising public concern over the environmental and health impacts associated with traditional rodenticides. Consequently, a decline in the demand for chemical rodenticides in North America might be observed potentially reducing the region’s market dominance in the rodenticide sector. These alterations are indicative of a transformative period in pest control where the emphasis on sustainability and safety is being heightened.

How Will Shift in Purchasing Behavior Drive the Asia Pacific Region?

The Asia Pacific region is estimated to exhibit the highest growth within the rodenticide market during the forecast period driven by a noticeable shift towards environmentally friendly and technologically advanced rodenticides. This shift is expected to profoundly influence marketing tactics. Digital marketing channels and social media are anticipated to be prioritized as an increasing number of consumers seek information about the eco-friendliness and safety of rodenticides. The accessibility to these modern, safer alternatives is likely to be enhanced through online platforms and e-commerce sites broadening acceptance and understanding among various demographic groups within the region.

Additionally, the strengthening of partnerships with local distributors and retailers is anticipated ensuring the widespread availability of the latest rodenticide innovations even in the most remote locations. These partnerships are considered crucial for expanding the customer base and educating the market about the advantages of adopting eco-friendly and technologically advanced rodenticides. Furthermore, the development of marketing strategies tailored to meet specific regional needs and preferences is expected which is likely to increase consumer confidence and the rates of product adoption. Through these strategic changes, a significant enhancement in the appeal and accessibility of cutting-edge rodenticide products in the Asia Pacific market is projected reinforcing the region’s position as the fastest-growing market in the forecast period.

Competitive Landscape

The Rodenticide Market exhibits a competitive landscape with established players like Bayer CropScience, BASF SE, and Ecolab sharing dominance. However, regional players and startups offering innovative or eco-friendly solutions are emerging, potentially challenging the market share of established brands. This intensifies competition and fosters ongoing product development within the industry.

Some of the prominent players operating in the rodenticide market include

BASF SE, Bayer CropScience AG, Syngenta AG, Rentokil Initial Plc, Neogen Corporation, Ecolab, Liphatech Inc., JT Eaton & Co. Inc., PelGar International, Bell Laboratories Inc., Anticimex, UPL Limited

Latest Developments

  • In February 2024, the introduction of a novel, durable rodenticide bait by Liphatech was announced, underscoring the pest control sector’s dedication to product innovation aimed at boosting efficiency and potentially lessening the necessity for frequent bait applications.
  • In March 2024, the initiation of a joint research endeavor by a consortium of rodenticide producers was made public. This endeavor is centered on the creation of safer and more precisely targeted rodenticides, underscoring the industry’s increasing commitment to pest control solutions that are conscientious of the safety of non-target species and the preservation of the environment.
  • In April 2024, the unveiling of eco-friendly rodenticide products by several prominent companies in the European market was announced. These products, made from biodegradable materials, mirror the rising demand from consumers for sustainable pest control methods and comply with the stringent environmental regulations enforced in certain European nations.

Report Scope

Report AttributesDetails
Study Period

2018-2031

Growth Rate

CAGR of ~3.60% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • By Product
  • By Application
  • By End-User
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • BASF SE
  • Bayer CropScience AG
  • Syngenta AG
  • Rentokil Initial Plc
  • Neogen Corporation
  • Ecolab
  • Liphatech, Inc.
  • JT Eaton & Co., Inc.
  • PelGar International
  • Bell Laboratories, Inc.
  • Anticimex
  • UPL Limited
Customization

Report customization along with purchase available upon request

Rodenticides Market, By Category

Product

  • Non-anticoagulants
  • Anticoagulants

Application

  • Pellets
  • Powder & Spray

End-User

  • Pest Control Companies
  • Agriculture

Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )