Market Overview

The global rodenticides market is expected to reach a value of USD 9.3 billion by 2032, growing at a CAGR of 5.7% from 2022 to 2032. Rodenticides are pesticides used to kill rodents, such as rats and mice. They are used in a variety of settings, including homes, businesses, farms, and public spaces.

Market Drivers

There are a number of factors driving the growth of the rodenticides market, including:

• The increasing prevalence of rodents: Rodents are a major problem worldwide, causing an estimated $60 billion in damage to crops and property each year.
• The growing demand for effective rodent control solutions: As the prevalence of rodents increases, so does the demand for effective rodent control solutions. Rodenticides are a highly effective way to control rodent populations.
• The increasing awareness of the health risks associated with rodents: Rodents can carry diseases that can be transmitted to humans, such as hantavirus, salmonellosis, and leptospirosis. This increasing awareness is leading to a greater demand for rodenticides.

Market Trends

There are a number of trends shaping the rodenticides market share, including:

• The development of new and more effective rodenticides: New rodenticides are being developed that are more effective at killing rodents and that are also more environmentally friendly.
• The increasing demand for rodenticides that are safe for use around children and pets: As more and more people are using rodenticides in their homes, there is a growing demand for rodenticides that are safe for use around children and pets.
• The increasing popularity of non-toxic rodenticides: There is a growing popularity of non-toxic rodenticides, such as traps and baits, as people become more concerned about the use of pesticides.

Market Challenges

There are a number of challenges facing the rodenticides market, including:

• The development of rodenticide resistance: Rodents are becoming increasingly resistant to rodenticides, which is making it more difficult to control rodent populations.
• The increasing cost of rodenticides: The cost of rodenticides is increasing, which is making it more difficult for some people to afford them.
• The increasing regulation of rodenticides: Rodenticides are increasingly being regulated, which is making it more difficult for manufacturers to develop and sell new products.

Market Forecast

The global rodenticides market is expected to grow at a CAGR of 5.7% from 2022 to 2032, reaching a value of USD 9.3 billion by 2032. The Asia Pacific region is expected to be the fastest-growing market, followed by North America and Europe.

Key Players

Some of the key players in the global rodenticides market include:

• Bayer AG
• BASF SE
• Syngenta AG
• Ensystex Corporation
• Neogen Corporation
• Bell Laboratories, Inc.
• Liphatech, Inc.
• Spectrum Group
• Rockwell Labs Ltd.
• Target Specialty Products

Conclusion

The global rodenticides market is expected to grow steadily over the next decade, driven by the increasing prevalence of rodents, the growing demand for effective rodent control solutions, and the increasing awareness of the health risks associated with rodents.

Read More : https://www.marketresearchfuture.com/reports/rodenticides-market-10125