This report describes and explains the rodenticides market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global rodenticides market reached a value of nearly $6,085.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 9.0% since 2017. The market is expected to grow from $6,085.4 million in 2022 to $9,346.8 million in 2027 at a rate of 9.0%. The market is then expected to grow at a CAGR of 12.5% from 2027 and reach $16,817.8 million in 2032.
Growth in the historic period resulted from the rise in awareness about sanitation and hygiene, the increase in demand from the hospitality and tourism sectors, the rise in construction activities, increased damage caused by rodents and the rise in vector-borne diseases.
Going forward, a growing agricultural industry, the rising number of warehouses, rising urbanization and growing food waste will drive the growth. Factors that could hinder the growth of the rodenticides market in the future include rising interest rates and the Russia-Ukraine war.
The rodenticides market is segmented by type into anticoagulant and non-anticoagulant. The anticoagulant market was the largest segment of the rodenticides market segmented by type accounting for 75.6% of the total in 2022. Going forward, the anticoagulant market is expected to be the fastest growing segment in the rodenticides market segmented by type, at a CAGR of 9.2% during 2022-2027.
The rodenticides market is segmented by form into pellet, spray, powder and other forms. The pellet market was the largest segment of the rodenticides market segmented by form accounting for 39.8% of the total in 2022. Going forward, the pellet market is expected to be the fastest growing segment in the rodenticides market segmented by form, at a CAGR of 9.5% during 2022-2027.
The rodenticides market is segmented by application into agriculture, warehouses, pest control companies and other applications. The pest control companies market was the largest segment of the rodenticides market segmented by application accounting for 37.8% of the total in 2022. Going forward, the pest control companies market is expected to be the fastest growing segment in the rodenticides market segmented by application, at a CAGR of 9.2% during 2022-2027.
Asia Pacific was the largest region in the rodenticides market, accounting for 31.7% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the rodenticides market will be Asia Pacific, and Western Europe where growth will be at CAGRs of 10.0% and 9.8% respectively. These will be followed by North America and Africa where the markets are expected to grow at CAGRs of 8.9% and 8.0% respectively.
The rodenticides market is highly fragmented, with a large number of small players. The top ten competitors in the market made up 8.49% of the total market in 2021. BASF SE was the largest competitor with 3.53% share of the market, followed by Syngenta with 2.02%, Bayer AG with 1.12%, Neogen Corporation with 0.61%, UPL Limited with 0.59%, Bell Laboratories Inc with 0.21%, Liphatech, Inc. with 0.20%, PelGar International with 0.09%, JT Eaton with 0.08%, and Impex Europa with 0.03%.
The top opportunities in the rodenticides market segmented by type will arise in the anticoagulant segment, which will gain $2,535.8 million of global annual sales by 2027. The top opportunities in segment by form will arise in the pellet segment, which will gain $1,398.6 million of global annual sales by 2027. The top opportunities in segment by application will arise in the pest control companies segment, which will gain $1,264.4 million of global annual sales by 2027. The rodenticides market size will gain the most in the USA at $624.6 million.
Market-trend-based strategies for the rodenticides market include adoption of fast-acting rodenticides to eradicate rodent infestations swiftly, offering direct-to-consumer (D2C) rodenticide platforms to specialized pest control companies or licensed professionals due to safety concerns, focus on product innovations and developing new product solutions to strengthen their position in the market and focus on partnerships and collaborations to improve their product portfolio and geographical presence.
Player-adopted strategies in the rodenticides market include controlling rodent infestations through the launch of new products, enhancing their position in the pest control sector through new product launches, enhancing business capabilities through the launch of new products and focus on strengthening business operations through launching new products and solutions.
To take advantage of the opportunities, the publisher recommends the rodenticides companies to focus on fast-acting rodenticides, focus on direct-to-consumer (D2C) rodenticide platforms, focus on product innovations, expand in emerging markets, focus on strategic partnerships and collaborations, expand in countries with high food wastage, provide competitively priced offerings, securing long term pricing contracts with pest control companies, participate in trade shows and events, generate awareness for the need of rodenticides, continue to target fast-growing application areas and target warehousing companies.
The global rodenticides market reached a value of nearly $6,085.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 9.0% since 2017. The market is expected to grow from $6,085.4 million in 2022 to $9,346.8 million in 2027 at a rate of 9.0%. The market is then expected to grow at a CAGR of 12.5% from 2027 and reach $16,817.8 million in 2032.
Growth in the historic period resulted from the rise in awareness about sanitation and hygiene, the increase in demand from the hospitality and tourism sectors, the rise in construction activities, increased damage caused by rodents and the rise in vector-borne diseases.
Going forward, a growing agricultural industry, the rising number of warehouses, rising urbanization and growing food waste will drive the growth. Factors that could hinder the growth of the rodenticides market in the future include rising interest rates and the Russia-Ukraine war.
The rodenticides market is segmented by type into anticoagulant and non-anticoagulant. The anticoagulant market was the largest segment of the rodenticides market segmented by type accounting for 75.6% of the total in 2022. Going forward, the anticoagulant market is expected to be the fastest growing segment in the rodenticides market segmented by type, at a CAGR of 9.2% during 2022-2027.
The rodenticides market is segmented by form into pellet, spray, powder and other forms. The pellet market was the largest segment of the rodenticides market segmented by form accounting for 39.8% of the total in 2022. Going forward, the pellet market is expected to be the fastest growing segment in the rodenticides market segmented by form, at a CAGR of 9.5% during 2022-2027.
The rodenticides market is segmented by application into agriculture, warehouses, pest control companies and other applications. The pest control companies market was the largest segment of the rodenticides market segmented by application accounting for 37.8% of the total in 2022. Going forward, the pest control companies market is expected to be the fastest growing segment in the rodenticides market segmented by application, at a CAGR of 9.2% during 2022-2027.
Asia Pacific was the largest region in the rodenticides market, accounting for 31.7% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the rodenticides market will be Asia Pacific, and Western Europe where growth will be at CAGRs of 10.0% and 9.8% respectively. These will be followed by North America and Africa where the markets are expected to grow at CAGRs of 8.9% and 8.0% respectively.
The rodenticides market is highly fragmented, with a large number of small players. The top ten competitors in the market made up 8.49% of the total market in 2021. BASF SE was the largest competitor with 3.53% share of the market, followed by Syngenta with 2.02%, Bayer AG with 1.12%, Neogen Corporation with 0.61%, UPL Limited with 0.59%, Bell Laboratories Inc with 0.21%, Liphatech, Inc. with 0.20%, PelGar International with 0.09%, JT Eaton with 0.08%, and Impex Europa with 0.03%.
The top opportunities in the rodenticides market segmented by type will arise in the anticoagulant segment, which will gain $2,535.8 million of global annual sales by 2027. The top opportunities in segment by form will arise in the pellet segment, which will gain $1,398.6 million of global annual sales by 2027. The top opportunities in segment by application will arise in the pest control companies segment, which will gain $1,264.4 million of global annual sales by 2027. The rodenticides market size will gain the most in the USA at $624.6 million.
Market-trend-based strategies for the rodenticides market include adoption of fast-acting rodenticides to eradicate rodent infestations swiftly, offering direct-to-consumer (D2C) rodenticide platforms to specialized pest control companies or licensed professionals due to safety concerns, focus on product innovations and developing new product solutions to strengthen their position in the market and focus on partnerships and collaborations to improve their product portfolio and geographical presence.
Player-adopted strategies in the rodenticides market include controlling rodent infestations through the launch of new products, enhancing their position in the pest control sector through new product launches, enhancing business capabilities through the launch of new products and focus on strengthening business operations through launching new products and solutions.
To take advantage of the opportunities, the publisher recommends the rodenticides companies to focus on fast-acting rodenticides, focus on direct-to-consumer (D2C) rodenticide platforms, focus on product innovations, expand in emerging markets, focus on strategic partnerships and collaborations, expand in countries with high food wastage, provide competitively priced offerings, securing long term pricing contracts with pest control companies, participate in trade shows and events, generate awareness for the need of rodenticides, continue to target fast-growing application areas and target warehousing companies.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure18. Competitive Landscape And Company Profiles
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Rodenticides Market Segmentation
10. Rodenticides Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Rodenticides Market, Conclusions And Recommendations
23. Appendix
Executive Summary
Rodenticides Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global rodenticides market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
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Description:
Where is the largest and fastest-growing market for rodenticides? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The rodenticides market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider rodenticides market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities And Strategies
- Conclusions And Recommendations
- Appendix
Scope
Markets Covered:
1) By Type: Anticoagulant; Non-Anticoagulan2) By Form: Pellet; Spray; Powder; Other Forms
3) By Application: Agriculture; Warehouses; Pest Control Companies; Other Applications
Companies Mentioned: BASF SE; Syngenta; Bayer AG; Neogen Corporation; UPL Limited
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita rodenticides indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Syngenta
- Bayer AG
- Neogen Corporation
- UPL Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 329 |
| Published | May 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 6085.4 Million |
| Forecasted Market Value ( USD | $ 16817.8 Million |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
