Rodenticides Market Insight | Key Players Include – BASF SE, Bayer AG, Syngenta, Bell Laboratories
The global rodenticides market has grown exponentially in the last few years. The market size is projected to reach USD 1.23 Billion by 2022, at a CAGR of around 3.76% from 2016. Factors such as increase in rodent population and prevention of disease transmission caused by rodents are some of the major drivers of this market. Emerging countries such as India, Japan, and China are the primary targets of the industry as they demand hygienic environmental conditions.
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The non-anticoagulant rodenticides segment is projected to grow at the highest CAGR from 2016 to 2022. These rodenticides are referred to as acute toxicants. The metabolic poisons include bromethalin, fluoroacetate, and fluoroacetamide that lead to paralysis and convulsions in rodents before death. These are more efficient in controlling the rodent infestation.
Anticoagulant rodenticides are available in the form of grain-based pellets and in a variety of other formulations and colors. They are the most common types of rodenticides produced in the pellet form and used in the U.S. Rodenticide pellets are more efficient in controlling rodents, as pellets have direct impact causing suffocation and killing of rodents. The pellets usually aluminum, calcium, or magnesium phosphide for fumigation may also contain other chemicals which consist of ammonia, which helps to reduce the potential for spontaneous combustion or explosion of the phosphine gas.
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There is high-growth potential for rodenticide products in the Asia-Pacific region. This region has emerging economies, such as China and India, which have considerable cultivable land to grow crops. Furthermore, China is the second-largest country to hold maximum share in the rodenticides market due to the urbanization and technological growth in agriculture. Higher standards of living among consumers has resulted in the rise in demand for rodenticides products.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. These leading companies include BASF SE (Germany), Bayer AG (Germany), Syngenta (Switzerland), Rentokil Initial plc (U.K.), and UPL Limited (India).
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