Market Size of Rodenticides Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.18 Billion |
| Market Size (2029) | USD 2.60 Billion |
| CAGR (2024 - 2029) | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rodenticides Market Analysis
The Rodenticides Market size is estimated at USD 2.18 billion in 2024, and is expected to reach USD 2.60 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
- Asia-Pacific led the market in terms of rate of growth in 2019, owing to a higher demand for rodenticides witnessed in countries such as India and Japan, resulting from rat infestations inagricultural fields,warehouses, and markets.
- However, rigid regulations against the use of second-generation anticoagulant rodenticides in developed countries and regions such as the United States and Europe, are expected to restrain the growth of the overall market.
- The market for rodenticides is fragmented with both international players and regional companies vying for a higher market share in the industry. Some of the major players in the market areBASF SE, Bayer AG, Syngenta, Liphatech Inc., PelGar International,JT Eaton, Neogen Corporation, and Rentokil Initial plc,among others.
Rodenticides Industry Segmentation
Rodenticides are pesticides that are often formulated with substances such as peanut butter or molasses to attract and kill the rodents present in agricultural fields and warehouses. However, the high level of toxicity for humans has resulted in the ban of several non-anticoagulants and second-generation anticoagulants across the world. The scope of the report includes an all-encompassing analysis of market segmentation based on the types, sub-types, and sub-type divisions of rodenticides. The scope also extends to the segmentation of the market by modes of application and end-use. The report is also constituted of a segmental analysis based on geography covering over 16 countries across the world.
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Rodenticides Market Size Summary
The rodenticides market is poised for steady growth over the forecast period, driven by increasing demand in regions like Asia-Pacific, where rodent infestations in agricultural areas and storage facilities are prevalent. This demand is particularly strong in countries such as India and Japan, where rodent damage to crops and stored food is significant. However, the market faces challenges in developed regions like the United States and Europe due to stringent regulations against certain types of rodenticides, particularly second-generation anticoagulants, which are restricted due to their impact on non-target wildlife and potential human health risks. These regulatory pressures are expected to restrain market growth, affecting the demand-supply dynamics and pricing of rodenticides.
The global rodenticides market is characterized by fragmentation, with a mix of international and regional players competing for market share. Major companies such as BASF SE, Bayer AG, and Syngenta are actively expanding their presence through product innovation and strategic acquisitions. Despite regulatory challenges, these companies continue to develop and introduce new products to meet the growing demand, particularly in Asia-Pacific. The market's growth trajectory is influenced by both the increasing need for rodent control in developing regions and the regulatory landscape in developed markets, which shapes the availability and use of rodenticides.
Rodenticides Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.4 Market Restraints
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Non-Anticoagulant Rodenticides
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2.1.1.1 Bromethalin
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2.1.1.2 Cholecalciferol
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2.1.1.3 Zinc phosphide
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2.1.1.4 Strychnine
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2.1.2 Anticoagulant Rodenticides
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2.1.2.1 First-Generation Anticoagulants
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2.1.2.1.1 Warfarin
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2.1.2.1.2 Chlorophacinone
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2.1.2.1.3 Diphacinone
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2.1.2.1.4 Coumatetralyl
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2.1.2.2 Second-Generation Anticoagulants
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2.1.2.2.1 Difenacoum
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2.1.2.2.2 Brodifacoum
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2.1.2.2.3 Flocoumafen
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2.1.2.2.4 Bromadiolone
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2.2 Form
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2.2.1 Blocks
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2.2.2 Pellets
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2.2.3 Powders
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2.2.4 Other Modes of Application
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2.3 Application
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2.3.1 Agricultural Fields
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2.3.2 Warehouses
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2.4 Geography
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2.4.1 North America
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2.4.1.1 US
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 UK
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Africa
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2.4.5.1 South Africa
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2.4.5.2 Rest of Africa
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Rodenticides Market Size FAQs
How big is the Rodenticides Market?
The Rodenticides Market size is expected to reach USD 2.18 billion in 2024 and grow at a CAGR of 3.5% to reach USD 2.60 billion by 2029.
What is the current Rodenticides Market size?
In 2024, the Rodenticides Market size is expected to reach USD 2.18 billion.
