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Global Rodent Control Market to Grow at a CAGR of 6.3% During the Forecast Period of 2022-2027, Driven by the Growing Urbanisation

According to a new report by EMR titled, ‘Global Rodent Control Market Report and Forecast 2022-2027’, the market attained a value of about USD 2.5 Billion in 2020. The industry is further expected to grow at a CAGR of 6.3% in the forecast period of 2022-2027.

The global rodent control industry is driven by the rising trend of chemical controllers that are strong enough to prevent and manage the rodent prevalence in residential areas that are not manageable through another rodent controller available in the market. The demand for chemical-based controllers is expanding in the Asia Pacific, especially in countries like China and India. However, the rodent control industry is most prevalent in North America and is growing even further.

The global rodent control industry is being propelled by an increase in concern about health and economic losses caused by rodents in residential and commercial areas. The presence of rodents in industrial areas results in inventory damage, product quality degradation, and risks to factory personnel safety. Losses caused by the presence of various rodent species have an impact on the production and storage of a variety of items, particularly foodstuffs. Furthermore, the harm created at industrial sites is irrevocable, making it highly costly. As a result, rodent management is strictly enforced at industrial locations to avert damage. These reasons are expected to propel the global rodent control industry forward.

The most prominent manufacturers in the rodent control industry include BASF SE (OTCMTKS: BASFY) and ECOLAB Inc (NYSE: ECL), among others. BASF SE, in November 2020, released Selontra®, a novel rodenticide bait with various distinct benefits for professional users. The active ingredient in the product is cholecalciferol, have a different method of action than the commonly used anticoagulant rodenticides. Selontra® will assist professional users in controlling rodent infestations significantly more quickly than current treatments.

Market Analysis by Type, Applications, and Region:

  • The market, based on type, can be divided into chemical, biological, and mechanical, among others.
  • Based on applications, the industry can be divided into residential, agriculture, commercial, and industrial, among others.
  • The regional markets for rodent control include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • There will be a rise in the rodent control industry due to expansion in various fields of rodent control worldwide.
  • With technological advancements, there will be an expansion in the rodent control industry driven by facilities like photo capturing to keep a check on the sites.
  • With the rise in population and dependence on food crops in developing and underdeveloped countries, there will be a rise in production, which will require the management of crops so that they are not ruined. There is rising demand for chemical and biological-based rodent controllers.
  • The rising concerns for the environment and natural habitats, has led to growing preferences for biological-based rodent controllers.

Key Offerings of the Report:

  • The EMR report gives an overview of the global rodent control market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the type, applications, and regions.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for rodent control are BASF SE, Anticimex, Ecolab Inc., NEOGEN Corporation, PelGar International, and Rentokil Initial plc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business Intelligence Company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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