The global rodenticides
market size is anticipated to reach USD 993.4 million by 2025,
according to a new report by Grand View Research, Inc., registering a CAGR of
3.3% during the forecast period. Increased prevalence of rodent-related
diseases and rising demand for rodent control are likely to be major factors
driving market growth.
Increasing urbanization, coupled with demand to
maintain high hygiene standards in the business, public, and residential
sectors, is expected to augment demand. Over 54.0% of the world’s total
population resides in urban areas, which is likely to register an increase of
66.0% by 2025, according to the United Nations (UN). Increasing population and
rising consciousness regarding healthy environment are likely to augment demand
for rodenticides over the coming years.
Stringent government policies regarding active
ingredients used in production of rodenticides is predicted to be a major
limiting factor over the forecast period. For instance, in Canada, only zinc
phosphide and strychnine are registered for use as rodenticides. Natural
rodenticides use non-toxic and food grade ingredients approved by the EPA.
Rodenticide manufacturers are continuously engaged in
research and development of active ingredients for production of superior
quality products that provide higher efficiency. Companies lay high emphasis on
increasing their regional presence in order to tap unexplored markets.
The report “Rodenticides Market Size, Share &
Trends Analysis Report By Mode of Application (Pellets, Blocks, Powder &
Spray), By Product, By End Use (Pest Control Companies, Household,
Agriculture), And Segment Forecasts, 2018 - 2025” is available now to Grand
View Research customers and can also be purchased directly from
Browse full research report on Rodenticides Market: https://www.grandviewresearch.com/industry-analysis/rodenticides-market
Further
key findings from the report suggest:
- By product, the non-anticoagulant segment is likely to register the
highest CAGR of 4.0% from 2017 to 2025 due to higher efficiency in
destroying rodents in comparison to anticoagulants
- The powder and spray mode of application is expected to register a
sluggish CAGR of 2.5% from 2017 to 2025. Use of such modes spreads
particles into the air when used in ventilation, which, in turn, could
harm pets and humans
- By end use, the agriculture segment is projected to register a CAGR
of 3.9% from 2017 to 2025. Increase in damage to grains, farm equipment,
and crop by rodents is likely to drive segment growth over the forecast
period
- Demand for rodenticides in China is anticipated to signify a CAGR
of 6.6% over the coming years. Acute rodenticides have been used in the
country for many years and play a vital role in controlling rodent
population
- Central and South America is estimated to register a CAGR of 3.7%
from 2017 to 2025. Rising rodent population in the region is a limiting
factor for development or introduction of some crops, which is likely to
propel demand for rodent control products in the coming years
- Manufacturers are engaged in various acquisitions and new product
developments to gain prominence in the market. For instance, Rentokil
Initial plc acquired Vector Disease Acquisition, LLC in November 2017 to
expand its presence in North America.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand
View Research has segmented the global rodenticides market on the basis of
product, mode of application, end use, and region:
Rodenticides
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Anticoagulant
- Non-anticoagulant
Rodenticides
Mode of Application Outlook (Revenue, USD Million, 2014 - 2025)
- Pellets
- Block
- Powder &
spray
Rodenticides
End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Agriculture
- Pest control
companies
- Warehouses
- Urban centers
- Household
Rodenticides
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- India
- Central &
South America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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