According to the market research report “Rodenticides Market Analysis: By Type (Anticoagulant, Non-Anticoagulant, Metal Phosphides, Others); By End User (Agriculture, Warehouse, Pest Control Companies, Urban Centers, Others) – Forecast (2016-2021)”, published by IndustryARC, the Rodenticides Market to reach $1.05 billion by 2021.
Browse 29 Market Tables, 77 Figures spread through 140 pages and an in-depth TOC on “Rodenticides Market”
Rodenticides refer to the class of pesticides, which are used to kill rodents. The category of rodents includes rats, mice, squirrels, woodchucks, porcupines, beavers and chipmunks among many others. Apart from damaging crops the rodents can transmit disease, damage property and may also cause ecological damage. The most commonly used rodenticides includes chemical compound that include Diphacinone, Brodifacoum, Zinc Phosphide and Chlorphacinone among others. These rodenticides are used in agriculture fields, warehouse, pest control and urban centers among various others.
According to a recent study of IndustryARC the global market value for rodenticides market is estimated to reach $1.05 billion by 2021. The rodenticide brodifacoum will be the highest revenue generating product segment in the market. The fastest growing segment will be of metal phosphides; and is estimated to grow at approximately 8.9% through 2016 to 2021. The anticoagulant rodenticides are the most widely used rodenticides; this segment contributed to around 65% of the global market in 2015.
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The rodenticide products available on the consumer market are supplied as bait stations that contain packaged rodenticide bait that is either in the form of block or paste. Pelleted baits no longer are permitted to be used in rodenticide products targeted for consumer markets. Rodenticides for professional and agricultural applications containing first-generation anticoagulants such as cholecalciferol, bromethalin or zinc phosphide must be sold in containers that hold at least four pounds of bait. The warehouse industry is likely to witness intensive usage of rodenticides in the forecast period. The increasing level of damage caused by rodents in grain storage, grocery stores, hardware stores, club stores, and similar retail outlets are prompting extensive adoption of rodenticides in the consumer market. The market for rodenticides in the Agriculture and Pest Control Services industry is speculated to remain steady in the forecast period.
Americas region was the market leader in 2015 with nearly 48% of the total market and this region is estimated to grow at a CAGR of 5.5% through 2016 to 2021. However APAC region will have the highest growth rate in the forecast period. The Americas region is estimated to contribute the highest revenue in the forecast period.
The Major Players in this Market Include
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- BASF SE (Germany)
- Neogen Corporation (U.S.)
- SenesTech Incorporation (U.S.)
The major manufacturers in this market have utilized product launches, product developments and acquisitions to expand entry into interconnected markets and enhance core competencies through additions to product portfolio as well as improving the existing product line. The acquisitions help them to reduce competition and enter into new markets.
The report on rodenticides market provides detailed information and analysis of different categories of rodenticides and their end use applications.
The various types of rodenticides products evaluated in the study include-
- First Generation Anticoagulant
- Second Generation Anticoagulant
- First Generation Anticoagulant
- Zinc Phosphide
- Metal phosphides
- Aluminum Phosphide
- Calcium Phosphide
- Magnesium Phosphide
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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