Rodenticides Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Rodenticides Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : September, 2021 | Chemical & Materials

Report Digest


Global Rodenticides Market: Snapshot

Rodenticides are pesticides which kill rodents. Rodents incorporate mice and rats, as well as woodchucks, squirrels, porcupines, chipmunks, beavers, and nutria. Despite the fact that rodents assume critical jobs in nature, they may in some cases require control.

Some rodenticides are deadly after one use while others require more than one. Rodents are hesitant to glut on an unknown food (maybe mirroring an adjustment to their failure to vomit), liking to test, pause and see whether it makes them or other rats ill. This process of poison shyness or bait shyness is the method of reasoning for poison that kills just after various dosage.

Other than being directly dangerous for the mammals which consume them, including canines, felines, and people, numerous rodenticides present an secondary risk of harming to creatures that chase or hunt the dead rats.

With rodents on the rise, a surge in related infections, popularity for better nuisance control, and accessibility of better quality rodenticides are key factors that could drive the global rodenticides market to increase broad development. In addition, enormous financial degradation may happen owing harm caused by rodents in agriculture fields, and this is foreseen to drive market within the span of couple of years. Rise in number of residential areas, working environments, hotel, and hospitals alongside a significant inclination for cleanliness guidelines are some other factors that are likely to surge the demand of these substances in future.

Be that as it may, issues related to the environment over utilization of rodenticide chemical substances and their ill-effects on people and other living creatures are probably going to restrict the demand of these substances, thusly hampering the global rodenticides market's advancement. The majority of the applications of the product are exceptionally managed by stringent laws, significantly in the developed regions.

Global Rodenticides Market: Overview

The report details an exhaustive account of the global rodenticides market along with numerous associated factors. The factors included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the report is expected to exist as a valuable insight to businesses which are already operating in the market, as well for those who intend to newly establish themselves in this environment.

Global Rodenticides Market: Market Potential and Restraints

Pests in the form of rodents have always been a great nuisance to the wellbeing of crops in the agriculture industry. And with an increasing population of rodents all over the globe, a dire need for suitable chemicals to wipe out these organisms is greatly driving the global rodenticides market. Moreover, with a surging global population, the need to facilitate large-scale crop cultivation to satisfy these needs is also calling upon the use of specific compounds such as rodenticides.

With rodents on the rise, an increase in associated diseases, high demand for better pest control, and availability of excellent quality rodenticides are key factors that could drive the global rodenticides market to gain extensive growth. In addition, huge economic losses might be caused owing to damage caused by rodents in agricultural fields, and this is expected to propel expansion in this market during the next few years. Increasing number of workplaces, residential areas, hospitals, and hotels, along with a substantial preference for hygiene standards are other factors that are anticipated to fuel the demand of these substances in future.

However, environmental concerns over use of rodenticide chemicals and their ill effects on humans and other living beings are likely to restrain demand of these substances, consequently hampering the global rodenticides market’s progress. Most of the products’ applications are highly regulated by stringent laws, majorly in the developed regions of North America and Europe. A prime example of such strictness involves mandatory registration of chemical rodenticides by the U.S. Environmental Protection Agency (EPA) before they are sold to the public, in the States.

Moreover, these products are likely to be unavailable easily in remote and underdeveloped regions where agriculture could be a prime way of sustenance. Nonetheless, numerous players are expected to increase their geographical reach, thereby offsetting most restraints affecting the global rodenticides market’s progress.

Global Rodenticides Market: Geographical Outlook

The global rodenticides market is mainly spread across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these North America and Europe depict widespread growth in this market owing to a strong agricultural infrastructure and widespread adoption of quality pest control practices. However, with increasing awareness of rodent-based problems and their solutions in Asia Pacific, this region too depicts a widespread growth.

Global Rodenticides Market: Competitive Landscape

The global rodenticides market showcases the presence of a highly fragmented and competitive vendor landscape, mainly due to the presence of innumerable players. Most businesses are expected to focus on achieving effective distribution networks, thereby decreasing the demand-supply volatility. BASF, Bayer AG, Rentokil Initial PLC, Neogen Corporation, Bell Laboratories Inc., EcoClear Products Inc., Liphatech Inc., and Impex Europa are some of the prime businesses operating in this market.

Acquisitions and new product developments are key strategies implemented by most manufacturers in order to strengthen their position in the global rodenticides market. Companies are trying to introduce new products in order to expand their market scope, through the sale of highly application specific products. Carrying out extensive research and development manufacturing effective and high-quality chemicals and technologies also are other schemes worked upon by companies operating in the global rodenticides market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?