New and Innovative Products Escalating the Demand for Rodenticides Market | UnivDatos

 Global Rodenticides Market is expected to register a CAGR of approx. 4% over the period of 2022-2028. The global rodenticides market is rising due to the rise in rodent populations due to the impact of climate change. Rodent control products are in high demand in most major cities around the world. Market players are engaged in the development of new products for effective control of the rodent population thus, the key players launching new and innovative products to meet the changing needs of the consumers. For example, in July 2021, Bayer introduced a new pest control product Harmonix Rodent Paste, a high-performance cholecalciferol rodenticide that is mentioned to have a large use for a longer period of time. Plus, this new solution allows pest controllers to prevent rodents in outdoor and indoor locations. Owing to these glaring statistics the demand for rodenticides is anticipated to grow in the forthcoming years as the rodents can die pain-free due to internal bleeding. According to UnivDatos Market Insights (UMI)’ research report “Global Rodenticides Market”, the market is expected to witness a robust growth during the forecast period 2022-2028F. Moreover, increasing urbanization and industrialization coupled with the rate of rodent displacement in urban areas has fueled the demand for the rodenticides market. Furthermore, the increasing contamination of food products by rodents along with acting as vectors for various diseases such as hantavirus and plague, and Lassa fever is expected to drive the market for rodenticides market in the coming years.

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Based on product type, the rodenticides market is segmented into anticoagulant rodenticides and non-coagulant rodenticides. The anticoagulant rodenticides segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe as it prevents blood from clotting. Rodents fed anticoagulant rodenticide baits die painlessly and easily from internal bleeding

Based on the end-users, the market is segmented into agriculture, pest control companies, warehouses, urban centers, households, and others. The pest control companies segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe Pest control agencies are suitable to reduce the consequences of overuse and abuse of pesticides that are, in most cases, particularly sensitive to the environment.

North America to witness extensive growth

For a better understanding of the market adoption of the rodenticides products, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the rodenticides industry owing to the increasing population of rodents along with the increasing number of rodent control products and services.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable share in the global rodenticides market are BASF SE, Bayer AG, Neogen Chemicals Ltd, PelGar International Ltd, Bell Laboratories Inc, Impex Europa S.L., EcoClear Products Inc, Syngenta Crop Protection AG, Liphatech, Inc, JT Eaton & Co.Inc Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Rodenticides Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentations:

1.     By Product Type (Anticoagulant Rodenticides, Non-Coagulant Rodenticides)

2.     By Mode Of Application (Pellets, Powders, Sprays, Others)

3.     By End-Users (Agriculture, Pest Control Companies, Warehouse, Urban Centers, Households, Others)

4.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.     By Company (BASF SE, Bayer AG, Neogen Chemicals Ltd, PelGar International Ltd, Bell Laboratories Inc, Impex Europa S.L., EcoClear Products Inc, Syngenta Crop Protection AG, Liphatech, Inc, JT Eaton & Co.Inc.)

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Key questions answered in the study:

1.     What are the current and future trends of the global rodenticides industry?

2.     How the industry has been evolving in terms of product type, mode of application, and end-users?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global rodenticides industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global rodenticides suppliers across various region and countries?

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