Rodenticide MarketPosted by ashwini ramkrishna ahirrao on August 27th, 2019 Rodenticide Market was valued US$ 748 Mn in 2017 and is projected to reach a value of around USD 1041 Mn by 2026 at a CAGR of approximately 5 % for a forecast 2018-2026. Growing rodent population, rising demand for pest control, unavailability of natural rodenticides, evasion of disease transmission caused by rodents, demand to maintain high hygiene standards in the business, public, and residential sectors, consciousness regarding healthy environment, rising damage caused by rodents in agricultural fields are likely to highten the demand for rodenticides market. Rodenticide Market In terms of product type, rodenticides market is segmented into anticoagulant rodenticides, non-anticoagulant rodenticides, and others includes rodenticides made from natural products. Natural rodenticides use non-toxic and food grade ingredients approved by the environment protection agency. Non-anticoagulant are more efficient in controlling the rodent infestation and predicted to be the fastest-growing segment in a forecast period. The anticoagulant, rodenticides can be further sub-segmented into diphacinone, warfarin, chlorophacinone, coumatetralyl, difenacoum, brodifacoum, flocoumafen, bromadiolone and difethialone while holecalciferol, bromethalina and zinc phosphide are sub segments of non- anticoagulant rodenticides . Rodenticides market can be classified into pellets, block, powder and spray based on its mode of application or formulation. Rodencides pellet is the most efficient one as causing direct effect like suffocation and kills rodent. Rodenticide pellets attract a large number of rodents due to its seed-like shape. Blocks are appropriate for outdoor use as they are waterproof and resistant to the environment. Spray products cannot not used in ventilation ducts as it can spread particles into the air, which, in turn, can contaminate food and other sensitive products but has measurable growth in a forecast period. Based on end use rodenticides market can be divided into agriculture, pest control companies, warehouses, urban centers and household. The agriculture segment is one of the largest gain generating segment for rodenticides market. Increasing population had resulted in high demand for food along with continuously demising farmable land particularly gave rise to rodenticides market. High hygiene standards in the business, public, and residential sectors has cause other segment to grow. Geographically rodenticides market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be the fastest growing region for the rodenticides market in the forecast period due to huge demand for rodenticides in the agricultural segment. Government funding for the cultivation of high superiority food, due to decreasing farmable land is the root cause of leading market in North America. Europe holds second largest market for rodenticides. Europe which is likely to experience moderate growth for rodenticides in the forecast period. Latin America is expected to show ruminative growth over the forecast period. The Middle East and Africa are expected to experience the dynamic growth rate in the forecast period. Key Players Profiled and Annalised: BASF SE, Bayer Cropscience Ag, Impex Europa S.L., J.T. Eaton & Co., Inc., Liphatech, Inc., Neogen Corporation, Pelgar International, SenestechInc.,Syngenta,UPL Limited,The DOW Chemical Company, Du Pont De Nemours and Company.,Reckitt Benckiser Group plc, United Phosphorus Ltdare some of keyplayers in the Rodenticides . Rodenticides Market by Product Type: • Anticoagulant • Pellets • Agriculture Rodenticides Market By Region Type: • Asia Pacific • BASF SE For more information @ https://www.maximizemarketresearch.com/market-report/rodenticide-market/13268/ Like it? Share it! More by this author |