Global Rodenticides Market Size By Type (Anticoagulants rodenticides, Non-anticoagulants rodenticides), By Application (Agriculture, Domestic/Industrial/Public Health), By Region, And Segment Forecast...

The Global Rodenticides Market was valued at USD 6.5 billion in 2023 and is projected to reach USD 10.2 billion by 2031, registering a CAGR of 5.8% during the forecast period of 2023-2031. The market's growth is driven by increasing concerns about pest control in agriculture, urban areas, and public health initiatives. Rodenticides play a crucial role in controlling rodent populations, mitigating crop damage, and preventing the spread of diseases.

Drivers:

Rising Agricultural Demand: The growing global population has increased agricultural productivity requirements, necessitating effective pest control to prevent crop damage.

Urbanization and Hygiene Concerns: Rapid urbanization and stringent regulations on public health safety drive the demand for rodenticides to combat rodents in urban and semi-urban areas.

Integrated Pest Management (IPM) Growth: Adoption of IPM practices, which often include rodenticides as a key component, is propelling market growth.

Restraints:

Environmental Concerns: The use of rodenticides poses risks to non-target species and the environment, leading to tighter regulations.

Resistance Development: Some rodent populations have developed resistance to commonly used rodenticides, challenging their efficacy.

Opportunities:

Development of Eco-Friendly Rodenticides: Innovations in bio-based and environmentally friendly rodenticides present growth opportunities for market players.

Emerging Markets: Increasing urbanization and agricultural practices in developing regions like Asia-Pacific and Africa offer lucrative opportunities for expansion.

Market by Product Type Insights:

The Anticoagulant Rodenticides segment accounted for the largest revenue share in 2023, owing to their effectiveness in controlling rodent populations over long durations. However, Non-Anticoagulant Rodenticides are expected to witness higher growth due to advancements in less toxic formulations.

Market by Application Insights:

The Agricultural Fields segment emerged as the dominant application area in 2023, driven by the need to protect high-value crops from rodent damage. The Urban Centers segment is also expected to experience robust growth due to increasing public health awareness.

Market by Regional Insights:

North America led the market in 2023, driven by the adoption of advanced pest control solutions and stringent public health regulations.

The Asia-Pacific region is anticipated to witness the fastest growth, supported by expanding agricultural activities and urbanization in countries like China and India.

Competitive Scenario:

Key players in the market include BASF SE, Bayer AG, Syngenta AG, Liphatech Inc., UPL Ltd., and Rentokil Initial Plc. These companies focus on product innovation, strategic partnerships, and expanding their global footprint to strengthen market positions.

Scope of Work – Global Rodenticides Market

Key Market Developments:

2023: Bayer AG launched a new bio-based rodenticide targeting environmentally conscious consumers.

2024: Rentokil Initial Plc expanded operations in Asia-Pacific, focusing on urban pest control services.

2025: BASF SE introduced an advanced non-anticoagulant rodenticide designed to combat resistant rodent strains.

FAQs:

What is the current market size of the Global Rodenticides Market?

The market was valued at USD 6.5 billion in 2023.

What is the major growth driver of the Global Rodenticides Market?

The primary driver is the rising demand for effective pest control in agriculture and urban areas.

Which region is expected to dominate during the forecast period in the Global Rodenticides Market?

North America led the market in 2023, while Asia-Pacific is projected to grow at the fastest rate.

Which segment accounted for the largest market share in the Global Rodenticides Market?

The Anticoagulant Rodenticides segment held the largest share in 2023.

Who are the key market players in the Global Rodenticides Market?

Major players include BASF SE, Bayer AG, Syngenta AG, and Rentokil Initial Plc.

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