How Has The Rodenticide Market Size Evolved In Recent Years?
The rodenticide market has seen considerable growth due to a variety of factors.
• The market for rodenticides has experienced significant growth in the past few years. The market is estimated to expand from $7.24 billion in 2024 to $7.93 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%.
The growth witnessed during the historic period can be traced back to increased consciousness about sanitation and hygiene, surging demand in the hospitality and tourism industries, a boom in construction endeavours, rising rodent-related destruction and increased prevalence of vector-borne illnesses.
What Does the Future Hold for the Rodenticide Market?
The rodenticide market is expected to maintain its strong growth trajectory in upcoming years.
• The market for rodenticides is projected to experience a swift expansion in the coming years, escalating to a value of $12.36 billion by 2029, with a compound annual growth rate (CAGR) of 11.7%.
This significant growth during the forecast period can be ascribed to factors such as the expanding agricultural sector, an increase in the number of warehouses, surging urbanization, and escalating food waste. The major trends expected to shape this market's future include the adoption of fast-acting rodenticides for quick eradication of rodents, providing direct-to-consumer (D2C) rodenticide platforms to specialized pest control firms or certified professionals due to security concerns, focusing on innovations in the products and the development of new product solutions to consolidate market position, and emphasizing partnerships and collaborations to enhance their product range and geographical reach.
What Are the Critical Driver Fuelling the Rodenticide Market's Growth?
The expansion of the agricultural sector is anticipated to fuel the rodenticide market's growth. The term 'agricultural industry' pertains to businesses primarily engaged in cleaning, processing, storing, or packaging various products predominantly derived from agricultural activities. Rodenticides primarily serve to guard agricultural produce against rats, mice, and other rodent pests within this industry. For instance, data from the Department for Environment Food & Rural Affairs, a UK government agency, in February 2024 highlighted that the average farm business income (FBI) for all farms in the UK increased considerably from USD 50461 (£46,500) in 2020/21 to USD 78133(£72,000) in 2021/22. Additionally, the UK total income from Farming (TIFF) in 2022 reached $6.61 billion (£7.9 billion), marking a 17% increase from 2021 and contributing an additional USD 1.43 billion (£1.1 billion). Consequently, the growth surge in the agricultural sector is fostering the expansion of the rodenticide market.
What Are The Primary Segments In The Global Rodenticide Market?
The rodenticide market covered in this report is segmented –
1) By Type: Anticoagulant, Non-Anticoagulan
2) By Form: Pellet, Spray, Powder, Other Forms
3) By Application: Agriculture, Warehouses, Pest Control Companies, Other Applications
Subsegments:
1) By Anticoagulant: First-Generation Anticoagulants, Second-Generation Anticoagulants
2) By Non-Anticoagulant: Acute Toxins, Calcium Releasers
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Which Key Trends Are Driving Changes In The Rodenticide Market Size?
Leading firms in the rodenticides market are emphasizing product advancement and the creation of novel technologies, such as future-proof technologies, to improve effectiveness, safety, and ecological friendliness in response to changing consumer needs and regulatory guidelines. Future-proof technologies are forward-thinking innovations designed to stay relevant and efficient as circumstances and necessities increase. They offer flexibility, scalability, and adaptability to accommodate swift market and user requirement changes. For example, in February 2024, the agriculture technology firm from Switherland, Syngenta, introduced SecureChoice. This technology can be conveniently implemented during construction or renovation activities, or fitted into pre-existing buildings, especially in challenging to access areas that are favored by rodents.
Who Are the Key Players in the Rodenticide Market?
Major companies operating in the rodenticide market include:
• BASF SE
• Syngenta
• Bayer AG
• Neogen Corporation
• UPL Limited
• Bell Laboratories Inc
• Liphatech Inc.
• PelGar International
• JT Eaton
• Impex Europa
• India Pesticides Limited
• United Phosphorus Ltd
• Kalyani Industries Limited
• Sumitomo Chemical India Limited (SCIL)
• Dow AgroSciences Australia Ltd
• Rentokil Initial plc
• Mitsui Chemicals
• TAE IL COMPANY
• Sinochem International Corporation
• China National Chemical Corporation
• We-Young Industrial & Trading Co. Ltd.
• Shijiazhuang Awiner Biotech Co. Ltd
• Shandong Dongtai Agricultural Chemistry Co. Ltd.
• Sunking Chemical Industrial Co. Ltd.
• Anticimex
• Industrialchimica
• Fregata S.A.
• ItalTiger
• ZEP Inc
• EcoClear
• Senestech Inc
• Arch Quimica Argentina Srl
• Lectus Sa.
• Alexander Chemical Company
• Dow Agrosciences De Colombia S.A.
• Brinsa S.A.
• BioDalia Microbiological Technologies
• Ecovar Trading LLC
• Al Mubarak Agro-Chemicals
• VAPCO Manufacturing CO. Ltd.
• Kassar Group
• KZ pesticides company
• Enviro Bio-Chem
• Synvita
• Degesch South Africa
What Is The Most Dominant Region In The Rodenticide Market?
North America was the largest region in the rodenticide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rodenticide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
