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

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

Status : June, 2020 | Chemical & Materials | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.