Global Rodenticide Market Size 2024, Forecast To 2033

The rodenticide market has demonstrated robust growth, expanding from $6.64 billion in 2023 to $7.29 billion in 2024, representing a compound annual growth rate (CAGR) of 9.8%. This surge in the historic period is credited to the increased awareness about sanitation and hygiene, heightened demand from the hospitality and tourism sectors, a rise in construction activities, increased damage caused by rodents, and an escalation in vector-borne diseases. Projecting rapid growth in the coming years, the market is anticipated to reach $10.91 billion in 2028, with a CAGR of 10.6%. The forecasted growth is linked to the flourishing agricultural industry, the rising number of warehouses, increasing urbanization, and the growing issue of food waste. Notable trends in this period include the adoption of fast-acting rodenticides for swift eradication, offering direct-to-consumer (D2C) rodenticide platforms to specialized pest control companies or licensed professionals due to safety concerns, a focus on product innovations, the development of new solutions to strengthen market position, and a concentration on partnerships and collaborations to enhance product portfolios and geographical presence.