Rodenticides Market Overview:
Global Rodenticides Market size and share is currently valued at USD 5.74 billion in 2024 and is anticipated to generate an estimated revenue of USD 9.02 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.8% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032.
The rodenticides market is experiencing significant growth due to increasing concerns over pest control in urban and agricultural settings. These products play a crucial role in preventing economic losses and health risks caused by rodents.
Key Market Drivers:
- Rising Urbanization: Increasing urban population density drives the need for effective rodent control solutions in residential and commercial spaces.
- Growing Agricultural Demand: Farmers rely on rodenticides to protect crops and storage facilities from rodent infestations, minimizing losses.
- Advancements in Rodenticide Formulations: The development of eco-friendly and less toxic formulations enhances safety and effectiveness, driving adoption.
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Key Companies in Rodenticides Market:
- Abell Pest Control
- Anticimex
- BASF SE
- Bayer AG
- Bell Laboratories Inc.
- Ecoloab
- JT Eaton & Co., Inc.
- Liphatech, Inc.
- Neogen Corporation Limited
- PelGar International
- Rentokil Initial, plc
- Rollins, Inc.
- Senestech, Inc.
- Syngenta AG
- UPL
Industry Developments
The industry has witnessed the introduction of biodegradable and humane rodenticide options, catering to increasing regulatory pressures and environmental concerns. Companies are also focusing on integrated pest management systems, combining rodenticides with other control measures.
Challenges and Opportunities
Challenges include strict regulatory frameworks and the potential environmental impact of chemical-based rodenticides. However, the demand for sustainable pest control solutions and the adoption of innovative, less harmful products present significant growth opportunities.
Rodenticides Market Segmentation:
Polaris Market Research has segmented the threat hunting market report based on deployment mode, offering, threat type, organization size, and vertical, providing detailed insights into market dynamics and growth opportunities.
Rodenticides, Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Anticoagulant
- Non-Anticoagulant
- Others
Rodenticides, Form Outlook (Revenue – USD Billion, 2019 – 2032)
- Spray
- Blocks
- Powder
Rodenticides, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Household
- Urban Centers
- Warehouses
- Agriculture
- Pest Control Companies
The rodenticides market is poised for robust growth, driven by increasing urbanization and agricultural needs. Innovations in sustainable and effective formulations will be key to addressing regulatory and environmental challenges.