Global Rodenticides Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2027

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Global Rodenticides Market is forecast to reach USD 6.11 Billion by 2027, according to a new report by Reports and Data. The market is gearing a surge with urbanization and industrialization, which has created a demand for pest control, owing to an increase in the population of commensal rodents. The flourishing agricultural sector in emerging nations has led to the high consumption of various pesticides to gain high productivity. This factor is anticipated to fuel the market growth.

The migration of people from the rural areas to urban centers due to urbanization, and also reduction of arable land is augmenting the increase in rodent population for urban areas. This settlement is resulting in the displacement of rats from their places to housing areas. This has created the need for using Global Rodenticides to abolish such rodents. Moreover, the increasing awareness among people and the consciousness towards hygiene and health also triggered the use of Global Rodenticides. Survival of rodents in a warmer climate due to an increase in temperature and global warming has led to a surge in the rodent population, which, in turn, accumulates growth for Global Rodenticides.

The Government initiatives for satisfying food needs are improving the Agricultural Sector. This is signifying the high utilization of the Global Rodenticides. The Agricultural sector is thriving with new advancements, thus creating demand for natural Global Rodenticides. Nonetheless, stringent regulations and policies imposed by the government in the production of Global Rodenticides may restrict the growth of the Global Rodenticides market.

North America is dominating the market with a rising number of rodent attacks and thus, attributing to the demand for Global Rodenticides in the forecast period. Government initiatives for high-quality foods and the growing need for bio-Global Rodenticides in the U.S. accounted for the largest market share. The Asia Pacific region is forecasted to grow with the highest growth rate owing to the increase in population and a rapidly growing Agricultural sector in India and China.

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Key companies profiled in the report are:

BASF SE, Bayer AG, Syngenta International AG, SenesTech, Inc., IMPEX EUROPA S. L., Neogen Corp., Liphatech, Inc., UPL Ltd., Pelghar International, Reckitt Benckiser Group PLC, JT Eaton, Bell Labs Inc., and Rentokil Initial, PLC, among others.

Further key findings from the report suggest:

By type, the anticoagulant segment held the largest market share in 2019 due to the inability of blood clotting factors in rodents seen against non-anticoagulants. In the US, about 95.0% of the chemical control of rodents done using anticoagulants.

By mode of application, the powder is expected to register a stagnant growth in the forecast period because the use of such modes in the air may harm animals and humans for ventilation.

By end-use, the agriculture segment is projected to occupy the highest share in 2027. An increase in devastation to grains and crops by rodents and also damage made to farm equipment is likely to drive segment growth over the forecast period.

North America is a major market for Global Rodenticides. An increase in the number of residential areas and growing damage by rodents to agricultural fields will drive demand for Global Rodenticides in this region. However, Asia Pacific is projected to experience substantial growth with urbanization and a robustly growing population creating a demand for the safety of foods, thus boosting the demand for Global Rodenticides.

Manufacturers are captivated in various mergers and acquisitions and product developments to expand their market share. For example, in November 2017, Rentokil Initial plc acquired Vector Disease Acquisition, LLC, to expand its presence in North America.

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The report also provides an insight about the manufacturing cost including upstream raw materials, overall production process, and industry chain analysis. The global Global Rodenticides market research report provides a brief overview inclusive of competitive landscape and key developments, policies, manufacturing costs, and processes. It also covers analysis of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, corporate deals and partnerships, among others.

The chemicals and materials industry has witnessed significant revenue growth over the recent past owing to increasing demand for chemicals, raw materials, consumer products such as perfumes, soaps, and detergents, and plastics from various end-use industries. Chemicals and materials are widely used in various consumer goods and different sectors such as agriculture, construction, and petroleum refining, among others. Polymers occupy the largest revenue share of the global chemicals industry owing to increasing demand from packaging industry, construction markers, and home furnishing, among others. Increasing availability of raw materials at affordable costs, lower labor and energy costs, and rapid economic growth in developing regions is a key factors boosting revenue growth of the chemicals and materials industry and the trend is expected to continue going ahead.

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Type Outlook

Non-anticoagulants

Anticoagulants

First-generation Anticoagulants

Second-generation Anticoagulants

Mode of Application Outlook

Pellets

Sprays

Powders

Blocks

Granules

Major Regions Studied in the Report Include:

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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