In 2019, the global rodenticides market was valued at USD 2.04 billion and is expected to reach USD 3.10 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.30% over the forecast period. In the U.S., the market is anticipated to achieve a value of USD 736.31 million by 2032, driven by advancements in product formulations and the rising need for effective rodent control solutions among manufacturers. North America held the largest market share in 2019, accounting for 33.95%.
The rise in urbanization and industrial development, along with increasing rodent activity in urban environments, is expected to boost the demand for rodenticides significantly.
Rodents are destructive pests, causing damage to crops both in fields and storage facilities. They are also vectors for serious diseases like hantavirus, plague, and typhus. These concerns have accelerated the adoption of rodenticides across residential, commercial, and industrial sectors. Expanding urban and commercial development has also increased pressure on public agencies to uphold hygiene standards, further fueling market demand.
Information Source: https://www.fortunebusinessinsights.com/rodenticides-market-102826
Key Questions Addressed in the Report:
- What strategies are major companies adopting to stay competitive?
- How might evolving consumer preferences toward eco-friendly rodenticides impact the market?
- Which region is expected to lead in revenue generation?
- How do various segments of the market perform?
Market Drivers and Restraints
Growing Adoption of Integrated Pest Management (IPM) to Support Market Growth
Rodents have long posed risks to public health and property, transmitting over 60 diseases and causing significant economic damage. Integrated Pest Management (IPM), a cost-effective and holistic approach to pest control, has emerged as a practical solution to manage rodent populations. However, stringent regulatory frameworks governing the introduction of new rodenticides could pose challenges to market expansion.
Market Segmentation
Anticoagulants Expected to Lead Due to Strong Agricultural Demand
The market is segmented into anticoagulants and non-anticoagulants. In 2019, anticoagulants dominated the market with a share of 75.54%. These rodenticides are widely preferred as they cause painless death in rodents by preventing blood clotting and pose minimal risk to non-target species, including humans. Their extensive use in agriculture supports continued growth in this segment.
Regional Insights
North America to Maintain Dominance Due to Rising Residential Developments
Regionally, the market spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America generated USD 692.58 million in revenue in 2019 and is expected to maintain a leading position due to increasing residential construction and the high demand for rodent control solutions.
Meanwhile, Asia Pacific is projected to witness the fastest growth over the forecast period. Rapid population growth in countries like China and India, where agriculture is a primary occupation, is intensifying the need for effective pest control. Rodent attacks have negatively affected agricultural yields, prompting increased use of rodenticides due to their affordability, ease of use, and effectiveness.
Key Market Participants Include:
- BASF SE – Germany
- Bayer AG – Germany
- Bell Laboratories Inc. – United States
- Neogen Chemicals – United States
- Rentokil Initial Plc – United Kingdom
- PelGar International – United Kingdom
- Liphatech, Inc. – United States
- Impex Europa – Spain
- EcoClear Products Inc. – United States
- Syngenta AG – Switzerland
Competitive Landscape
Companies Pursue Acquisitions and Product Innovations to Expand Reach
Leading market players are focused on strengthening their product offerings through new launches and strategic acquisitions. Some are also running awareness campaigns to educate consumers about modern rodent control options. Notable developments include:
- November 2017: Rentokil Initial (UK) acquired Vector Disease Acquisition, LLC, a provider of vector control services such as disease testing and mosquito monitoring. The move enhanced Rentokil’s global market presence and responded to the increasing demand for mosquito control.
- August 2017: NEOGEN introduced DeciMax® Soft, a versatile rodenticide bait containing the second-generation anticoagulant bromadiolone. Designed for harsh environments, this product improves efficacy in controlling rodent populations.
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