Global Rodenticides Market
Global Rodenticides Market
By Type (Anticoagulant Rodenticides, Non-Anticoagulant Rodenticides, others), By Mode of Application (Sprays,Pellets, Powders), By End user (Agricultural Fields, Warehouses, Urban Center), By Region (North America, Asia Pacific, Europe, Rest of World).
The Global Rodenticides Marketwas valued at USD 440 million in 2016 and is projected to reach USD 1690 million by 2025, growing at a CAGR of 3.65% from 2017 to 2025.
Rodenticides are pesticides that are used in rodent controls. Rodents such as mice, rats squirrel cause ecological damage. They consist of two types’ non-anticoagulant rodenticides and anticoagulant rodenticides. This market is heavily regulated. The toxicity level is different in all parts of the world. High demand for food grains due to the increase in population is the major reason for the growth of this market.
1. Market Drivers
1.1 Preventing diseases caused by rodents.
1.2 Major rise in rodent population.
1.3 Prevention of loss due to rodent attacks.
2. Market Restraints
2.1 Toxic effects on animals.
2.2 Change of government policies in different countries.
The Global Rodenticides Market is segmented on thebasis of Type, Mode of Application, End user and Region.
1. By Type:
1.1 Anticoagulant Rodenticides
1.1.1 First-Generation Anticoagulants
1.1.2 Second-Generation Anticoagulants
1.2 Non-Anticoagulant Rodenticides
1.2.2 Zinc Phosphide
2. By Mode of Application:
3. By end user:
3.2 Agricultural Fields
3.3 Pest Control Companies
3.4 Urban Center
3.5 Household Consumers
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Bayer AG
2. Rentokil Initial PLC
3. Neogen Corporation
4. Liphatech, Inc.
5. Senestech Inc.
6. BASF SE
8. UPL Limited
9. Bell Laboratories Inc.
10. Impex Europa S.L.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Rodenticides Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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