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How Will The Rodenticide Market Valuation Change Between Now And 2029?

In recent times, the rodenticide market has experienced significant growth. The market size is projected to increase from $7.24 billion in 2024 to $7.83 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.2%. The uptick in growth during the historic period is largely due to heightened awareness around sanitation and hygiene, expanded need from the hospitality and tourism industries, construction sector growth, amplified damage stemming from rodents, and a surge in vector-borne diseases.

In the coming years, the rodenticide market is projected to experience significant expansion, with a forecasted value of $12.06 billion in 2029 and a Compound Annual Growth Rate (CAGR) of 11.4%. This anticipated growth during the forecast period can be ascribed to factors such as a burgeoning agricultural sector, an increase in the number of warehouses, escalating urbanization, and increasing food waste. Future trends for this period include the use of fast-acting rodenticides for speedy elimination of rodent problems, the provision of direct-to-consumer (D2C) rodenticide platforms for qualified pest control firms or licensed professionals due to safety considerations, a focus on product innovation and the development of new solutions to solidify market position. Additionally, partnerships and collaborations are expected to enhance product range and geographic footprint.

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What Market Forces Are Contributing To The Growth Of The Rodenticide Market?

The upswing in the agricultural sector is projected to fuel the expansion of the rodenticide market in the future. The agricultural sector includes businesses focused extensively on the purification, processing, storage, and packaging of a variety of goods primarily obtained from agricultural produce. Rodenticides are typically utilized in the agricultural sector to safeguard agricultural products from rodents such as mice, rats, and other pestiferous rodents. As an example, data from the Department for Environment Food & Rural Affairs, a UK government agency, shows that the average Farm Business Income (FBI) for all UK farms saw a significant increase from USD 50461 (£46,500) in 2020/21 to USD 78133 (£72,000) in 2021/22. Additionally, the UK Total Income from Farming (TIFF) in 2022 was $6.61 billion (£7.9 billion), up by 17% from 2021 with USD 1.43 billion (£1.1 billion). As a result, the surge in the agricultural sector’s growth is propelling the expansion of the rodenticide market.

What Is The Segment Breakdown Of The Rodenticide Market?

The rodenticidemarket covered in this report is segmented –

1) By Type: Anticoagulant, Non-Anticoagulan

2) By Form: Pellet, Spray, Powder, Other Forms

3) By Application: Agriculture, Warehouses, Pest Control Companies, Other Applications

Subsegments:

1) By Anticoagulant: First-Generation Anticoagulants, Second-Generation Anticoagulants

2) By Non-Anticoagulant: Acute Toxins, Calcium Releasers

How Are Global Trends Impacting The Development Of The Rodenticide Market?

Leading players within the rodenticides market, such as Syngenta, are honing their focus on product innovation and the establishment of new technologies, including forward-looking technologies. These play a crucial role in improving effectiveness, safety, and ecological sustainability, and address the changing consumer needs and regulatory norms. Forward-looking technologies are groundbreaking innovations crafted to stay pertinent and efficacious in line with expanding conditions and needs. Such technologies feature flexibility, scalability, and adaptability, enabling them to endure sudden market changes and user demands. As an illustration, in February 2024, Syngenta, an agricultural tech firm based in Switzerland, introduced SecureChoice. This technology props up easy installation during building or renovation projects and can also be retrofitted into pre-existing structures, particularly those areas favoured by rodents that are difficult to reach.

Who Are The Major Stakeholders Operating In The Rodenticide Market?

Major companies operating in the rodenticide market include BASF SE, Syngenta, Bayer AG, Neogen Corporation, UPL Limited, Bell Laboratories Inc, Liphatech Inc., PelGar International, JT Eaton, Impex Europa, India Pesticides Limited, United Phosphorus Ltd, Kalyani Industries Limited, Sumitomo Chemical India Limited (SCIL), Dow AgroSciences Australia Ltd, Rentokil Initial plc, Mitsui Chemicals, TAE IL COMPANY, Sinochem International Corporation, China National Chemical Corporation, We-Young Industrial & Trading Co. Ltd., Shijiazhuang Awiner Biotech Co. Ltd, Shandong Dongtai Agricultural Chemistry Co. Ltd., Sunking Chemical Industrial Co. Ltd., Anticimex, Industrialchimica, Fregata S.A., ItalTiger, ZEP Inc, EcoClear, Senestech Inc, Arch Quimica Argentina Srl, Lectus Sa., Alexander Chemical Company, Dow Agrosciences De Colombia S.A., Brinsa S.A., BioDalia Microbiological Technologies, Ecovar Trading LLC, Al Mubarak Agro-Chemicals, VAPCO Manufacturing CO. Ltd., Kassar Group, KZ pesticides company, Enviro Bio-Chem, Synvita, Degesch South Africa

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Which Region Is Likely To Register The Fastest Growth In The Rodenticide Market?

North America was the largest region in the rodenticide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rodenticide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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