Global Rodenticides Market

Posted by kelvindbmr on October 25th, 2019

Global rodenticides marketis registering a steady CAGR of 4.10%in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the growing urbanization and industrialization and damages caused by rodents in agriculture and warehouse.

Key Market Competitors: Global Rodenticides Market

Few of the major competitors currently working in the global rodenticides market are BASF SE, Bayer AG, Syngenta, Liphatech, Inc., JT Eaton., NEOGEN CORPORATION, PelGar International, Rentokil Initial plc, SenesTech, Inc, Anticimex., Abell Group of Companies, Impex Europa sl, Rollins, Inc., The Terminix International Company Limited Partnership, Ecolab, Truly Nolen, Inc.

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Rodenticides are the chemicals which are used to destroy, kill or repel rodents such as rats, mice, woodchucks, squirrel, and chipmunks, damages crops, transmit diseases and that cause ecological damage. There has been huge loss in agriculture, warehouse and grain storage been reported due to rodent attacks, thus their control has been critical.

Competitive Analysis: Global Rodenticides Market

Global rodenticides market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global rodenticides market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Segmentation: Global Rodenticides Market

•          By Type (Non-Anticoagulant Rodenticides, Anticoagulant Rodenticides)
•          By End Use Sector (Agricultural Fields, Warehouses, Urban Centres, Residential, Commercial)
•          By Application (Pellets, Sprays, Powders)
•          By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

Market Drivers:

•          Increasing cases of diseases such as plague, hantavirus infection, and lassa fever is driving the market for rodenticides
•          Increasing government initiative and support will lead to its market expansion
•          Rising damages caused by rodents in agricultural fields and many other lead to the market growth
•          Development of non-toxic and third-generation anticoagulants is expected to drive the market and control rodents.

Market Restraints:

•          Strict government regulations and policies on the use of rodenticides in developed countries hampers the growth of the market
•          Increasing environment concern hinders the growth of the market
•          Rise in usage of mechanical method for rodent control also acts as a market restraint

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key Market players involved in this industry
•          Detailed analysis of the Market Segmentation
•          Competitive analysis of the key players involved

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