Rodenticides are used for the killing and resisting the rodents from the areas prone to damage by the rats and similar animals in commercial settings, residential spaces, agricultural land fields, and warehouses. The people moving from rural areas to the urban areas, give these rats and rodents to find the place near humans. This creates the need for using the rodenticides to kill these rats and rodenticides. Moreover, the consciousness among the people about health & hygiene is increasing, which results in the more use of rodenticides by the people.
Rodenticides Market was valued at USD 3.63 Billion in 2019 and is projected to reach USD 7.61 Billion by 2027, growing at a CAGR of 11.35% from 2020 to 2027.
The market includes major product manufacturers and service providers like Syngenta AG, Bayer AG, BASF SE, UPL Ltd, Rentokil Initial plc, Ecolab Inc and Rollins Inc. These companies have their manufacturing and service facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses up to some extent. Though this pandemic situation has impacted their businesses, there is no significant impact on the global operations and supply chain of their rodenticides. Multiple manufacturing facilities of players are still in operation. The service providers are providing rodent control services by following safety and sanitation measures.
The usage of rodenticides is subject to registrations by health, environmental protection, and pest control agencies in various countries. Governments evaluate the policies related to the purchase, registration, formulation, application, and disposal of pesticides. The nature of government policies affects the demand and prices of rodenticides. According to Rentokil, the use of rodenticides as control and preventive methods have been restricted in many European and North American countries.
Rodenticides are classified into anticoagulant and non-anticoagulant based on their application. Difethialone, bromadiolone, brodifacoum, chlorophacinone, and warfarin are anticoagulants while bromethalin, cholecalciferol, strychnine, sodium fluoroacetate, and zinc phosphide are some of the chemical non-anticoagulant variants. These active ingredients are mixed with vegetable oil and grains and fed to rodents.
Use of rodenticides provides efficient and quick results in terms of destroying rodents, which is likely to propel their demand over the forecast period. However, strict government rules about use of active ingredients are predicted to restrain market growth over the coming years. Rodenticides are generally available in pellets, blocks, and powder or spray form.
The agriculture segment accounted for a global market share of 25.2% in 2016. Increased damage caused by rodents to stored grain, farm equipment, and field crops in the global agriculture industry is likely to drive demand over the forecast period. Rodents can result in the most serious threats to global food protection. Loss of food and crop has been witnessed in various countries over the past years.
Presence of a large number of manufacturers, coupled with high standards of hygiene, is likely to drive demand in North America over the forecast period. Renovation and modernization activities in the economy have resulted in displacement of various rats from old buildings, which then disperse into the city. These factors are likely to increase demand for rodenticides over the coming years. U.S. dominated the North America market in 2016 and the trend is projected to continue over the coming years.
Europe is a major market for rodenticides and accounted for a share of 31.1% in 2016. Rising rodent population in the region is expected to drive demand over the forecast period. The market is highly fragmented in nature with presence of over 6,000 pest control companies. Major reasons behind the rise in rodent population are deteriorating drains and garbage. However, government regulations regarding pest control methods due to possibility of secondary kill are likely to restrain industry growth.
Asia Pacific is a fragmented and competitive market due to presence of over 3,000 pest control companies. Unusual climatic conditions such as floods, heavy rainfall, and cyclones are major causes of rodent outbreak in the region. Moreover, availability of better than usual food supply in agriculture fields provides a better breeding ground for rodents, which, in turn, increases their number. Such factors are anticipated to drive demand for effective pest control measures over the forecast period.
Countries in South American, such as Brazil and Colombia, are affected by wide-scale losses in agricultural crops majorly destroyed by rodents. Rodents are responsible for damage to crops, reduction in food production, and transmitting diseases. Such factors are expected to drive the growth of the industry in the coming years. Central and South America grabbed a market share of 10.1% in 2016.
Key players participating in the rodenticides market include BASF SE and Bayer AG in Germany, Syngenta AG in Switzerland, Rentokil Initial PLC in the U.K., United Phosphorus Limited in India, Impex Europa S.L. in Spain and Senestech Inc., Neogen Corporation, Bell Laboratories Inc, and Liphatech, Inc in the U.S.
Mode of Application
Powder & Spray
Pest control companies
Central & South America
Middle East & Africa