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Rodenticides Market Trends

  • Report ID: GMI8690
  • Published Date: Mar 2024
  • Report Format: PDF

Rodenticides Market Trends

In the rodenticides industry, several notable trends are shaping the industry landscape. Firstly, there's a growing emphasis on eco-friendly and sustainable pest control solutions. Consumers and regulatory bodies alike are increasingly concerned about the environmental impact of traditional rodenticides on non-target species and ecosystems. As a result, there's a rising demand for rodenticide formulations that are biodegradable, have lower toxicity levels, and are less harmful to the environment. This trend is driving innovation in product development, with companies investing in research to create safer and more sustainable alternatives to traditional rodenticides.

Secondly, there's a shift towards integrated pest management (IPM) approaches in rodent control strategies. IPM emphasizes the use of multiple pest control methods in conjunction with each other, including cultural, biological, and mechanical controls, alongside chemical interventions like rodenticides. This holistic approach aims to minimize reliance on chemical pesticides, reduce environmental impact, and prevent the development of resistance in target pest populations.

As a result, there's a growing adoption of IPM practices by farmers, pest control professionals, and facility managers, driving demand for rodenticides that complement and integrate seamlessly with other pest management techniques. Overall, these trends reflect a broader industry movement towards more sustainable and effective rodent control methods.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of rodenticides reached USD 5.6 billion in 2023 and is set to witness 5.8% CAGR between 2024 and 2032, led by increasing urbanization and expansion of agricultural activities.

The anticoagulant product type in the market was valued at USD 3.1 billion in 2023, owing to its effectiveness in controlling rodent populations by causing internal bleeding, leading to eventual mortality.

North America market held over USD 1.8 billion in 2023, attributed to stringent regulations and standards regarding food safety and public health.

BASF SE, Bayer AG, Rentokil Initial plc, Neogen Corporation, Bell Labs, Liphatech, Inc., Impex Europa S.L., EcoClear Products, Syngenta, PelGar, Anticimex are some of the major industry contenders.

Rodenticides Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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