Increasing demand for rodent pest control services is expected to drive the growth of global Anticoagulant Rodenticides in the forecast period, 2024-2028. According to TechSci Research report, “Anticoagulant Rodenticides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the Global Anticoagulant Rodenticides Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increasing rodent population along with the increasing frequency of diseases related to rodents such as hantavirus, and leptospirosis across the globe.
The Important Elements of Anticoagulant Rodenticides Market
Similarly, increasing the number of anticoagulant rodenticides manufacturer companies along with growing demand for products that will help to control the rodent population will further boost the growth of the market during the forecasted period. Also, growing applications of rodenticides in households, pest control, agriculture, and others will enhance the demand for the anticoagulant rodenticides market over the years. Additionally, the growing demand for natural rodent control products is anticipated to boost the growth of the anticoagulant rodenticides market over the years. Additionally, increasing investments made by the market players for the expansion of their products such as developing powders, sprays, and baits with different concentrations of the active ingredients thus propelling the growth of the market in the forecast period. Also, growing demand for control of the rodent population in the hospital, hospitality sector, storehouse, and inhouse will further propel the growth of the market during the forecasted period.
However, the high cost of rodenticides along with a lack of awareness about using 2nd generation rodenticides may hamper the market in the forecast period. Similarly, stringent regulations and the ban on the use of rodenticides in developed countries may restrain the growth of the market during the forecasted period. Also, the growing contamination due to using excessive rodenticides contamination in soil increased may hamper the Anticoagulant Rodenticides market growth during the forecast period.
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The Global Anticoagulant Rodenticides market can be segmented by product type, form, application, and region.
Based on Product Type, the global Anticoagulant Rodenticides market can be divided into 1st Generation Anticoagulant and 2nd Generation Anticoagulant. The 2nd generation anticoagulant rodenticides segment is expected to dominate the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. Increasing the demand for control of commensal rodents, primarily Norway rats, ship rats, and house mice are expected to enhance the demand for the anticoagulant rodenticides market during the forecast period. Similarly, increasing the product’s capacity to feed one rodent at a time will further boost the growth of the market in the forecast period.
Based on Form, the market can be segmented into Pellets, Blocks, Powders & Sprays. The block segment is expected to dominate the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. Due to the ability of anticoagulant rodenticides is fed once, as opposed to several times with 1st generation anticoagulants.
Major companies are operating in the global Anticoagulant Rodenticides market:
- BASF SE.
- Bayer AG.
- Syngenta Crop Protection AG.
- PelGar International.
- Rentokil Initial plc.
- Bell Labs.
- Kalyan Industries Limited.
- Heranba Industries Ltd.
- NEOGEN Corporation.
- Liphatech Inc.
In May 2021, BASF launched a novel rodenticide called Selontra that can reduce rodent infections in just seven days, it contains cholecalciferol which has an active mechanism of action that mice are not known to be resistant to. It has a rapid onset of action and stops mouse feeding within 24 hours which will reduce feed wastage and the biosecurity danger posed by rats in agriculture.
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“North America is expected to dominate and register the highest growth in the global Anticoagulant Rodenticides market on account due to the mindfulness concerning the increased rodent population along with growing concerns regarding security around warehouses, residential and commercial buildings also monitoring rodents in agricultural fields across the region. Similarly, growing demand for 2nd generation anticoagulant rodenticides over 1st generation rodenticides because of their mode of action and harmfulness level will drive the growth of the market in the forecasted period. Additionally, growing awareness about the diseases spread by rodents is anticipated to fuel the growth of the market in the forecasted period. Furthermore, the growing development of new guidelines for the external usage of products that helps in rodent control is further contributing to the demand for rodenticides and is further expected to support the market growth. Additionally, climate change such as floods, heavy rainfall, and cyclones are major reasons for rodent outbreaks which have led to an increase in demand for rodenticides thereby creating lucrative opportunities for market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Anticoagulant Rodenticides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (1st Generation Anticoagulant, 2nd Generation Anticoagulant), By Form (Pellets, Blocks, Powders & Sprays), By Application (Agriculture, Pest Control Companies, Warehouses, Urban Centers, Households, Others) and By Region”, has evaluated the future growth potential of global Anticoagulant Rodenticides market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Anticoagulant Rodenticides market.
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