- Anticoagulant Rodenticides
- Non-Coagulant Rodenticides
Rodenticides Market size was valued at USD 5,109.8 million in 2023 and is poised to grow at a significant CAGR of 5.4% over 2023–2029. Concerns about the long-term impacts of chemical rodenticides are widespread around the world. For instance, current EU legislation on the use of biocides captures this. Traditional chemical rodenticides frequently provide an excessive environmental danger, particularly anti-coagulants. They are classified as poisonous, bio-accumulative, and persistent (PBT). Therefore, they persist in the ecology where they are used. Thus, chemical rodenticides pose a growing risk to humans and non-target species, including domestic pets, birds, and mammals. In addition, many rodent species learn to avoid chemical rodenticides and become resistant to them over time. As a result, there is a justified need for alternative, eco-friendly rodenticides. Additionally, various pesticides used to control rats are dangerous to animals, including humans. The cost of the approach is increased by such regulation. The chemical ingredient may be hazardous, so different alternatives like natural extracts should be considered. As a result, using natural plant extracts as a rodent deterrent technique may be a better alternative strategy. Various natural extracts are tested on several species of rats using a behavioral research methodology. These natural products are widely accessible in today's culture and don't harm the environment or mammals. It was possible to discuss the rodenticidal effects of different plant extracts solved by various chemical substances under varied circumstances, and the results were quite adequate. The use of these findings in challenging areas is highly likely.
Rodenticides Market Developments:
In January 2022, Syngenta Crop Protection acquired the two bioinsecticides NemaTrident and UniSpore from UK-based Biomema Limited which is one of the foremost players in bioprotection technology development. This acquisition could help the company to strategize new developments under its pest management vertical. In July 2021, Bayer introduced a new pest control product Harmonix Rodent Paste, a high-performance cholecalciferol rodenticide which is mentioned to have a large use for a longer period of time. Plus, this new solution allows pest controllers to prevent rodents in outdoor and indoor locations. In January 2020, UPL and AgBitech, which is specialized in delivering sustainable and profitable products to ease the farming have undergone through a distribution agreement in Africa for Fawligen, a product to manage fall armyworm. This would help the company to expand its boundaries in the other region and solidifies its rodenticides business.
Fastest Growing Market
The presence of rodents in industrial environments compromises product quality, damages inventory, and puts workers' safety in danger. The production and storage of many different items, mainly foodstuffs, are impacted by losses brought on by the presence of various rodent species. Additionally, the damage created at industrial sites is irrevocable and consequently quite costly. Therefore, rodent control procedures are strictly followed in industrial areas to prevent harm. It is projected that these factors will fuel the expansion of the global rodent control market. Natural rodenticides are non-toxic to people, pets, and wildlife and biodegradable. If unintentionally consumed, they have no adverse effects on domestic animals or people and do not damage the environment. Such products are also economically viable because they don't need specific handling, storage, shipping, or disposal. But in the upcoming years, market growth is anticipated to be constrained by stringent government regulations on the usage of active substances.
The rodenticides market is projected to expand at a CAGR of 5.4% during the forecast period
BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), UPL Limited (India), Neogen Corporation (US), Anticimex (Sweden)
North America is the fastest-growing region for rodenticides market