Rodenticides Market Size, Share & Industry Analysis, By Type (Anticoagulant and Non-anticoagulant), Form (Pellets, Powders, Sprays, and Others), Application (Agricultural Fields, Warehouse, Pest Control Companies, and Others), and Regional Forecast, 2020-2032

The global rodenticides market size was USD 2.04 billion in 2019 and is projected to reach USD 3.10 billion by 2032, exhibiting a CAGR of 3.30% during the forecast period based on our analysis in the existing report. North America dominated the rodenticides market with a market share of 33.95% in 2019.

The increasing urbanization and industrialization, coupled with the rate of rodent displacement in urban areas, are predicted to drive the demand for rodenticides.

Rodents are more notorious pests that damage the crops at the field and storage.  They also act as vectors in the transmission of public health diseases such as Hantavirus infection, plague, and typhus. This has boosted the usage of these products in residential places, commercial premises, and industrial sectors. Expanding residential areas and commercial places has raised the pressure on government bodies to maintain hygiene standards which is projected to increase the demand for these pests.

LATEST TRENDS

Development of Ecofriendly and Third Generation Anticoagulant Rodenticides

The second generation anticoagulant rodenticides are widely used for pest control and management. They are very effective in warfarin-resistant rodents. However,  the tissue persistence and non-target harming nature of the second generation anticoagulant rodenticides (SGARs), has encouraged the development of a new generation i.e. the third generation of anticoagulants to limit this risk. Furthermore, these that have toxic effects on rodents can be toxic to other animals as well. The rising concerns over the increasing use of synthetic products and their toxic effects on other wildlife and humans are forcing manufacturers to innovate the non-toxic and third-generation rodenticides. The natural products are exhibiting tremendous growth in the market owing to the increasing safety concerns among buyers. For instance, BIORAT is one of the effective rats and mice pest control available in the market which claims to be a natural rodenticide that is effective against rats and mice. Biological Pharmaceutical Laboratories of Cuba developed BIORAT to resolve the problem of an undesirable impact of toxic products. The product is easily available in 22 different countries of Latin America, Africa, Asia, and Europe.

DRIVING FACTORS

Rising Adoption of Integrated Pest Management (IPM) Practices to Augment Growth

Rats have damaged the publics’ health and fitness in the past years and are continuing to do so. The diseases attributed to rodents have had an extreme influence on people’s health. Rats and mice caused more human illnesses and deaths than any other group of mammals. Rodents are associated with about 60 different diseases worldwide including plague, typhus, and Hantavirus. Rodents cause human suffering along with economic losses.

The most effective way to deal with rodent problems is the usage of an integrated approach to preventing rodent outbursts, as well as rodent problems for the long term. Rodent integrated pest management (IPM) differs from most of the regular rate and mice control. It does not usually hinge on the automatic use of rodenticides. The control of rodent harm is highlighted in a good IPM program.

The rising practices of integrated pest management, coupled with the increasing concerns over the occurrence of the spread of diseases such as plague, typhus, and others are predicted to drive the global rodenticides market growth.

Increasing Damage Caused by Rodent Attacks to Drive Growth

Commensal rats and mice live and breed inside buildings, granaries, sewers, attics, agricultural fields, warehouses, ships, and under concrete slabs. They can easily damage electric wirings and walls in the commercial and residential construction zones. Globally, more than 20 percent of all food produced is damaged by rodents. Rats may feed upon chickens and even attack the legs of domestic livestock. Food contamination is the most important issue that is caused due to the increasing number of rodents across the globe. They contaminate at least ten times the amount of food that they eat and sometimes much more. So the greatest loss is not what they eat, but what is thrown out because of contamination, either real or suspected. They cause physical damage to homes, commercial buildings, outbuildings, walls, railroad embankments, utility lines, sewers, and other structures. Rats and mice damage structures primarily through two regular rodent activities: gnawing and burrowing. The increasing economic and food losses due to rodent attacks is anticipated to boost the demand for rodenticides worldwide.

RESTRAINING FACTORS

Stringent Government Rules and Regulations to Restrict Market Growth

A rodenticide and various other pesticides are strictly monitored by governmental agencies which can hinder the growth of the market. Under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), directed by the United States Environmental Protection Agency (EPA), all pesticides need to be registered with EPA before their sale or distribution. A pesticide that is not likely to harm humans or the environment when used according to the label directions is classified as a general-use pesticide. If a rodenticide may harm humans or the eco-system, even when used as per the given label directions, it will be considered as a restricted-use rodenticide. Restricted use pesticides can only be used by or under the direct supervision of certified pesticide applicators. For instance, all rodenticide tracking powders are considered to be restricted-use and need a RUP license to purchase or use them. The stringent and rigorous regulatory requirements to lunch a new rodenticide are expected to act as a restraint for this market growth.

SEGMENTATION

By Type

Anticoagulant to be the Leading Type with Prominent Future Growth Trajectory

The anticoagulant rodenticides segment is expected to hold the major rodenticides market share during the forecast years owing to several reasons. They control blood from coagulating. Rodents that have consumed a dose of anticoagulant rodenticide bait die a painless and simple death from internal bleeding. Then they weaken gradually over few days. Rodents do not produce any bait shyness. Moreover, they do not associate feeding on the bait with their condition. Anticoagulant are usually less toxic to human and other animals than the rodent.

The anticoagulant that was used earlier were called as first-generation anticoagulants. The two most commonly used active ingredients in the market are chlorophacinone and diphacinone. Second-generation anticoagulant rodenticides are also toxic at a much lower dose. The demand for non-anticoagulants and acute rodenticide across the agriculture sector is expected to increase at a speedy pace due to their high-efficiency in acting fastly on rodents as compared to various other anticoagulant products.

By Form

Utilization of Pellets Rodenticides is Increasing across the Globe

Rodenticides come in a wide variety of formulations such as blocks, pellets, liquid, and granules that can be mixed with various food attractants. Pelleted baits are the mixtures of rodenticide with food bait which is then crushed and shaped into small pellets that are attractive to rodents. Pellets are the most cost-effective solid baits. Moreover, rodenticide bait blocks are prepared by a mixture of a rodenticide with food bait to which mostly paraffin is added. Most blocks are formed by extrusion and they typically include holes and grooves for locking them on rods with wire so that rats and mice cannot carry them to a different location.

By Application

Pest Control Companies Segment to Hold the Major Market Share

In many developed as well as developing regions, people preferably hire a licensed pest control applicator who are trained to use rodenticides safely and effectively. The hiring of pest control agency is appropriate to reduce the consequences of pesticide misuse and overuse which are in most cases, acutely sensitive to the environment. The major switch from using baits purchased from the market to hiring a pest control agency (who would likely use second-generation anticoagulant bait) would result in saving individuals from the toxicity and un-targeted attack of several rodenticide. Pest control companies provide services to many sectors such as home, hotels, retail business, office complex, food processing sector, manufacturing facilities, agriculture, warehouse, schools, and electronic sectors.

The increasing incidence related to the damage of electric wirings and walls in commercial and residential constructions is expected to propel the demand for pest control services in the coming years. Furthermore, the enlarged damage caused by rodents to stored grain, field crops, and farm equipment in the global agriculture industry is predicted to boost the utilization of these products across the agricultural fields. Rats and mice can cause the most thoughtful threats to worldwide food protection. The major loss of food and crop has been observed in various countries due to the rising number of rodents over the past years which is expected to further propel the use of rodent pests in the agricultural sector.

REGIONAL ANALYSIS

North America to Dominate the Global Market Owing to Existence of High Rodent Population across the Region

North America currently holds the largest market share and is expected to remain in its leading position throughout the foreseeable years. A major factor for the dominance and growth of rodenticides across the region is the increasing number of residential societies and rising damage due to rodents. A rodent is a foremost concern among all the pests in the U.S. The growing number of new houses, coupled with the rising demand for rodent control products and services is predicted to drive the market within the region during the forecast period. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, 765,000 new houses were sold in February 2020, as compared to 669,000 new single-family houses in February 2019.

Europe and Asia Pacific are expected to follow North America in terms of share. In Europe, the increasing rodent population due to the deteriorating drains and garbage is predictable to drive the demand for rodenticides. Rodents are majorly accountable for damage to crops, the transmission of diseases such as Hantavirus, lymphocytic choriomeningitis, plague, and tularemia, and decreased crop productivity. The increasing losses in crops majorly ruined by rodents are anticipated to drive this market in Europe.

Asia Pacific is projected to be the fastest-growing region during the forecast period due to several reasons. One of the primary drivers of this market in the region is the fact that agriculture is one of the most significant revenue-generating sectors in the largest economies of Asia such as China and India. The robustly growing population within the region is urging growers to provide the maximum number of yield to fulfill the demand of the increasing population. In such cases, the increasing crop damage and decreasing food production due to rodents is expected to leverage this market positively. For instance, according to the Indian Ministry of Consumer Affairs, about 57,676 metric tons of food grains were spoiled because of rodents and pest attacks, godown leakage, and exposure to rain and floods which was stored in Food Corporation of India (FCI) godowns. Furthermore, these products are inexpensive, effective, and easy to use, therefore, a practical option for rodent control among many emerging countries in Asia Pacific.

KEY INDUSTRY PLAYERS

The Structure of Global Market is Dispersed, However Leading Market Players are Making Efforts to Increase Consolidation

The rodenticides market structure is highly fragmented with the presence of several prominent and large as well as regional and small-scale industry players. The rising utilization of these products to control the damage of post-harvest grains, buildings, and electronics is motivating the regional market players to expand their businesses. Giant market players are making continuous efforts to increase their global share in this market by embarking on merger & acquisition activities, new product launches, and collaborating with the government to spread awareness about different types of products available in the market and their benefits. BASF SE, Bayer AG, PelGar International, JT Eaton, Impex Europa SL and Bell Laboratories Inc. are some of the prominent companies with major shares in the global market.

LIST OF KEY COMPANIES PROFILED:

• BASF SE - Germany


• Bayer AG - Germany


• Neogen Chemicals – United States


• Rentokil Initial Plc – United Kingdom


• PelGar International – United Kingdom


• Liphatech, Inc. – United States


• Bell Laboratories Inc. – United States


• Impex Europa - Spain


• EcoClear Products Inc. – United States


• Syngenta AG – Switzerland

INDUSTRY DEVELOPMENTS:

• In August 2019, BASF SE announced the launch of “Storm Ultra Secure”.  This is a new rodenticide offered by the company to professionals and amateurs. The product contains 25 parts per million (ppm) of the active substance flocoumafen and the product is available in a variety of sizes.


• In November 2017, Rentokil Initial plc., a prominent rodent control company acquired 100% shares of Vector Disease Acquisition, LLC, North America’s largest provider of mosquito control services. This acquisition will help Rentokil Initial plc. to increase its prominence in North America’s market.

Report Coverage

The rising concern over increasing damage caused in various areas such as farms, buildings, and others due to rodents is significantly contributing to driving the market growth across the globe.

The report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of its types, form, application for which they are used, market size, and growth rate for all possible segments in the market.

Along with this, the rodenticides market report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends.

Report Scope & Segmentation