Agricultural Industry Expansion Fuels Growth Of Rodenticide Market: A Game-Changing Factor in the Rodenticide Market’s Future Growth
The rodenticide market size is expected to see rapid growth in the next few years. It will grow to $12.36 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to a growing agricultural industry, the rising number of warehouses, rising urbanization and growing food waste. Major trends in the forecast period 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.
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How have varous drivers impacted the growth of the rodenticide market?
The growth of the agricultural industry is expected to propel the growth of the rodenticide market going forward. The agriculture industry refers to enterprises or companies that are majorly involved in cleaning, processing, storing, or packing various types of products that are mainly obtained from agricultural production. Rodenticides are mostly used in the agricultural industry to protect agricultural products from rats, mice, and other rodent pests. For instance, in February 2024, according to the Department for Environment Food & Rural Affairs reports, a UK-based government agency, the average farm business income (FBI) across all UK farms increased significantly from USD 50461 (£46,500) in 2020/21 to USD 78133(£72,000) in 2021/22. Furthermore, the UK total income from Farming (TIFF) in 2022 was $6.61 billion (£7.9 billion), an increase of 17% from 2021 with USD 1.43 billion (£1.1 billion). Therefore, the increase in the growth of the agricultural industry is driving the growth of the rodenticide market.
What are the primary segments of the rodenticide market?
The rodenticide market covered in this report is segmented –
1) By Type: Anticoagulant, Non-Anticoagulan
2) By Form: Pellet, Spray, Powder, Other Forms
3) By Application: Agriculture, Warehouses, Pest Control Companies, Other Applications
Subsegments:
1) By Anticoagulant: First-Generation Anticoagulants, Second-Generation Anticoagulants
2) By Non-Anticoagulant: Acute Toxins, Calcium Releasers
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Which firms are leading the rodenticide market?
Major companies operating in the rodenticide market include BASF SE, Syngenta, Bayer AG, Neogen Corporation, UPL Limited, Bell Laboratories Inc, Liphatech Inc., PelGar International, JT Eaton, Impex Europa, India Pesticides Limited, United Phosphorus Ltd, Kalyani Industries Limited, Sumitomo Chemical India Limited (SCIL), Dow AgroSciences Australia Ltd, Rentokil Initial plc, Mitsui Chemicals, TAE IL COMPANY, Sinochem International Corporation, China National Chemical Corporation, We-Young Industrial & Trading Co. Ltd., Shijiazhuang Awiner Biotech Co. Ltd, Shandong Dongtai Agricultural Chemistry Co. Ltd., Sunking Chemical Industrial Co. Ltd., Anticimex, Industrialchimica, Fregata S.A., ItalTiger, ZEP Inc, EcoClear, Senestech Inc, Arch Quimica Argentina Srl, Lectus Sa., Alexander Chemical Company, Dow Agrosciences De Colombia S.A., Brinsa S.A., BioDalia Microbiological Technologies, Ecovar Trading LLC, Al Mubarak Agro-Chemicals, VAPCO Manufacturing CO. Ltd., Kassar Group, KZ pesticides company, Enviro Bio-Chem, Synvita, Degesch South Africa
How will industry trends affect the trajectory of the rodenticide market?
Major companies operating in the rodenticides market are focused on product innovations and developing new technologies, such as future-proof technologies, to enhance efficacy, safety, and environmental sustainability while addressing evolving consumer demands and regulatory standards. Future-proof technologies are innovations designed to remain relevant and effective as conditions and needs grow. They incorporate flexibility, scalability, and adaptability to withstand rapid changes in markets and user requirements. For instance, in February 2024, Syngenta, a Switherland-based agricultural technology company, launched SecureChoice. SecureChoice can be easily installed during construction or refurbishment projects or retrofitted into existing buildings, particularly in hard-to-reach areas that rodents favor.
Which geographic trends are shaping the rodenticide market, and which region has the highest market share?
The countries covered in the rodenticide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Rodenticide Market Report 2025 Offer?
The rodenticide market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Rodenticides are created from the most hazardous substances frequently present in homes. Typically, rodenticides are created as baits that are intended to attract animals. They have different flavors, such as fish oil, molasses, or peanut butter, which attract rodent pests. Rodenticides are used for killing rats, mice, and other rodent pests.
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