Global Rodenticides Market to Grow at a CAGR of 5% During 2024-2032, Aided by Increasing Prevalence of Pest-Related Diseases Spread by Rodents

Growing concerns over economic losses stemming from rodent damage to agricultural crops are expected to support the rodenticides market expansion over the coming years. However, environmental considerations regarding the use of chemicals and their potential negative impacts on human and animal health may act as a restraint.

Product application is tightly governed by rigorous regulations. Organisations controlling the use of chemical rodenticides have been put in place in North America and Europe. For example, all pest control products must be approved by the U.S. Environmental Protection Agency before public sale. In the United States, the EPA oversees these products under the authority of the Federal Insecticide, Fungicide, and Rodenticide Act.

Rising rodent populations present a serious challenge in mitigating the spread of communicable diseases like plague, hantavirus infection, and Lassa fever. As rodent numbers increase, so does the risk of transmission to people, pets, and wildlife through bites, scratches, inhaling contaminated dust, or consuming contaminated food or water. This poses problems for public health as well as agriculture and the environment. As a result, many commercial, residential, and industrial sectors have adopted integrated pest management strategies involving humane rodent control products and techniques.

Natural rodenticides may provide an environmentally friendly approach to control pests. As they are derived from plant and mineral sources, these products break down rapidly in the environment and pose minimal risk to non-target organisms if accidentally ingested.

Neogen Corporation (NASDAQ: NEOG), recognised globally as a leader in rodenticide formulation development, manufacturing, and packaging, provides several rodenticide solution brands under its portfolio, which include Ramik®, Rodex™, Prozap®, DeciMax®, and SureKill® palatable bait. The company also offers several bait presentations, including blocks, place packs, pellets, nuggets, meal bait, and preloaded bait stations to provide the best solutions.

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Market Breakup by Type, End-use, Application, and Region:

• On the basis of the type, the market is bifurcated into non-anticoagulant rodenticides and anticoagulant rodenticides.

• The market is segmented based on end-use into agricultural fields, warehouses, and urban centres.

• On the basis of the application, the market is divided into pellets, sprays, and powders.

• By region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Key Findings of the Report:

• Strict rules limiting the use of second-generation anticoagulant rodenticides in developed markets like the United States and Europe are anticipated to hamper the overall expansion of the market. Regulations in major industrialised economies aimed at protecting human health and the environment from unintended exposure to these potent poisons have likely curtailed their consumption, though such products will remain necessary for integrated pest management programs where non-chemical controls are ineffective.

• Developing countries without such restrictions may see increased adoption of second-generation anticoagulant rodenticides to address public health issues posed by rodent infestations.

• Pest control companies provide services to a variety of commercial and residential clients. Their expertise helps ensure safe, pest-free environments in hotels, private homes, retail establishments, apartment complexes, office buildings, food production facilities, manufacturing plants, agricultural operations, warehouses, and facilities within the electronics industry.

• Further, escalating implementation of preventative strategies aimed at coordinating chemical, biological, and mechanical practices to control rodents in a manner that minimises health and environmental risks are aligned to spur opportunities for the rodenticides market growth in the coming years.

Key Offerings of the Report:

• The EMR report gives an overview of the global rodenticides market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, end-uses, applications, and major regions of rodenticides.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global rodenticides market are Bayer AG, The Syngenta Group, Liphatech Inc., J.T. Eaton & Co., Inc., Neogen Corporation, and PelGar International, 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.

Key Highlights of the Report

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