Anticoagulant Rodenticides Market Size Is Projected To Reach USD 913.6 Million By 2030
Posted by Neha Bora on September 26th, 2022
San Francisco, 26 Sep 2022: The Report Anticoagulant Rodenticides Market Size, Share & Trends Analysis Report By Product type (1st Generation, 2nd Generation), By Form (Pellets, Blocks, Powders), By Application, By Region, And Segment Forecasts, 2022 - 2030
The global anticoagulant rodenticides market size is expected to reach USD 913.6 million by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2022 to 2030. The growth is majorly driven by the growing market for rodent control products to control the growing population of rodents and increase attempts to prevent various diseases caused by them.
These products are extensively used in household, and agricultural applications, as well as in warehouses and pest control companies. The demand for these products in multiple applications is extremely dependent on the regional and international regulations imposed by the government and some other regulatory authorities. Due to the increase in the global supply of staples such as coarse grains, rice, and wheat, is expected to result positively in the consumption of the product across the world.
The increasing global concerns regarding food safety led to higher demand for surged agricultural yields and effective cultivation methods along with the employment of advanced and new mechanisms. This has led to an increase in the usage of chemicals in rodenticides for the development of effective rodent control products. The development of these products has highlighted their competitiveness against traditional rodenticides available. Though the harmful effects of active ingredients are high, if they are used at minimal concentration, their toxicity is reduced. In the agricultural sector, farmers are aware of the benefits of organic agricultural products, but they are also willing to invest in chemically derived substances to secure their agricultural yields.
The complete or partial shutdown of various warehouses, which contains electronic goods, food products, and others, along with disturbances in manufacturing and sales of multiple rodent control products, during the COVID-19 pandemic resulted in serious economical losses. However, the recovery of the market is anticipated by the end of the Q4 of 2021, along with the regrowth of the industrial sector will also have a positive impact on the demand for rodent control products.
Access Research Report of Anticoagulant Rodenticides Market @ https://www.grandviewresearch.com/industry-analysis/anticoagulant-rodenticides-market-report
Anticoagulant Rodenticides Market Report Highlights
List of Key Players in the Anticoagulant Rodenticides Market
Access Press Release of Anticoagulant Rodenticides Market @ https://www.grandviewresearch.com/press-release/global-anticoagulant-rodenticides-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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