The report "Rodenticides Market by Type (Non-Anticoagulants, Anticoagulants (FGAR, SGAR)), End-Use Sector (Agricultural Fields, Warehouses, Urban Centers (Residential, Commercial)), Mode of Application (Pellets, Sprays, Powders), and Region - Global Forecast to 2025", is projected to reach USD 5.9 billion by 2025, from USD 4.7 billion in 2019, at a CAGR of 3.7% during the forecast period. The market is driven by factors such as urbanization and industrialization, along with public awareness about chemical-based rodenticides.
Rodenticides have majorly been used in urban centers
The major factor for the higher adoption of rodenticides in urban centers is to control the increasing population of the rodents, which found a very safe shelter under residential and commercial settings. The residential areas offer ample food, which is highly susceptible to rodent infestations. Not only they consume the food, but also contaminate the food, which develops hygiene and health issues among the people. Rats are considered the vectors of around 60 communicable diseases. Furthermore, they cause structural damage to the commercial buildings, which can lead to a lot of monetary losses to the owners. Hence, rodenticides play a crucial role in getting rid of rodents from urban centers.
The pellet mode for applying rodenticides is proven to be very effective
The rodenticides market has been segmented, on the basis of mode of application, into pellets, sprays, and powders. Pellets are the particles usually prepared by the compression of original materials. Rodenticides, in the pellet form, are used with baits for attracting the rodents. These pellets are available in various forms such as grains and wax blocks, which are very easy to coat with baits.
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North America is projected to account for the largest market share during the forecast period
The North American rodenticides market is projected to be the largest between 2019 and 2025, while the Asia Pacific market is projected to grow at the highest CAGR during the same period. The strengthening of the housing industry and a steadily improving economy have been driving the overall pest control market, which has, in turn, been boosting the rodenticides market as well. Rodents are a major concern among all the pests in the US. According to the Washington Post Company LLC (US), there were about 2 million New York City rats in 2014. According to the US Census Bureau and the US Department of Housing and Urban Development, nearly 667,000 new single-family houses were sold in February 2019, compared to 588,000 new single-family houses in December 2018. Thus, with the increasing number of new houses, the demand for rodent control products and services is also projected to increase during the forecast period.
Key Market Players:
The rodenticides market is divided into two segments—product manufacturers and service providers. The key companies in product manufacturing include BASF SE (Germany), Bayer (Germany), Syngenta (Switzerland), UPL (India), Liphatech Inc. (US), JT Eaton (US), Neogen Corporation (US), Pelgar International (UK), Senestech Inc. (US), Bell Laboratories (US), and Impex Europa (UK). The key service providers include Rentokil Initial Plc (UK), Terminix (US), Ecolab (US), Anticimex (Sweden), Rollins (US), Truly Nolen (US), and Abell Pest Control (Canada).
These players are undertaking strategies such as new product launches and acquisitions to improve their market positions and extend their competitive advantage.
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- In January 2019, Turner Pest Control (US), a Jacksonville-based Anticimex company acquired Brandon Pest Control (US). It is a USD 8 million company that deals with pest control service provision. The acquisition is part of the company’s aggressive growth strategy.
- In April 2018, BASF (US) launched Selontra rodent bait, a soft bait formulation. This is a cholecalciferol-based rodenticide, which helps the professionals for rodent control.
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