Zion Research has published a new report titled “Rodenticides Market by Type (Non Anticoagulant, Anticoagulant, and Others) for Agriculture, Pest Control, Warehouses and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for rodenticides market was valued at over USD 723.86 million in 2015, is expected to reach above USD 1004.72 million in 2021 and is anticipated to grow at a CAGR of slightly above 5.6% between 2016 and 2021.
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Rodenticides are the pesticides mainly used for killing rodents. Rodenticides function as enzyme inhibitors which inhibit the clotting enzymes resulting in internal bleeding which causes deadly. Rodenticides are either first generation anticoagulants or second generation anticoagulants wherein the first generation are more toxic as compared to the second generation whereas second generation anticoagulants kill the rodents in one consumption in overnight.
Ever growing population and reduction of arable land is expected to bolster the demand for rodenticides market in the coming years. The agricultural sector is getting advanced across the globe which is likely to signify high utilization of rodenticides market. Government initiatives for improving the agricultural sector for satisfying the food requirement from growing population assist the growth of rodenticides market. However, the impact of rodenticides on domestic animals and even on children may hinder the rodenticides market. Also, stringent regulations imposed by the government on the excess use of rodenticides in some of the regions may restrict the growth of the rodenticides market. Nonetheless, the agricultural sector is flourishing in the emerging countries this may conceivably provide new opportunities for the rodenticides market. Moreover, the introduction of natural rodenticides might open new avenues for the growth of the rodenticides market in the forecast period.
Based on the type, the rodenticides market can be segmented anticoagulant rodenticides, non-anticoagulant rodenticides, and others. The other type includes rodenticides made from natural products. The anticoagulant rodenticides can be further bifurcated into diphacinone, warfarin, chlorophacinone and coumatetralyl which are considered as first generation anticoagulant whereas second generation anticoagulant rodenticides are difenacoum, brodifacoum, flocoumafen, bromadiolone and difethialone. The non anticoagulant is cholecalciferol, bromethalina and zinc phosphide. Several applications for the rodenticides are agricultural, pest control, warehouses and others. Depending on the mechanism the rodenticides can be differentiated as rodenticides with the single dose, rodenticides with multiple doses and rodenticide with acute dose. Rodenticides with single dose cause death after 24 hrs, rodenticides with multiple dose causes death after ingestion wherein acute dose causes death in 24 hrs.
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North America held the largest market share for rodenticides in 2015. The prime cause of the growth of the market in this region is government funding for the cultivation of high superiority food, due to decreasing arable land. Europe accounted for the second largest market for rodenticides in the same year. Various regulations have been enforced by the European Government on the consumption of rodenticides in the past, however, now-a-days using low concentration rodenticides is permitted in Europe which is likely to experience moderate growth for rodenticides in the coming years. Asia Pacific is anticipated to be the fastest growing region for the rodenticides market in the forecast period, owing to the huge demand for rodenticides in the agricultural sector. Some of the other factors such as increasing population had resulted in high demand for food along with continuously shrinking arable land particularly in India and China owing to rapid urbanization has significantly aid the rodenticides market growth. Latin America is expected to show lucrative growth over the coming years owing to escalating agricultural sector in Brazil which in turn has led to high consumption of pesticides. The Middle East and Africa are expected to experience the productive growth rate in the forecast period.
Some of the key participants in the rodenticides market include The DOW Chemical Company, Syngenta AG, UPL Limited, Pelgar International, Senestech, Inc, Bayer Cropscience AG, BASF SE, Liphatech, Inc., Neogen Corporation, E.I. Du Pont De Nemours and Company, J.T. Eaton & Co., Inc and Impex Europa S.L Due to various regulations imposed by the governing bodies the players primarily focus on R&D for innovating eco-friendly rodenticides.
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This report segments the rodenticides market as follows:
Rodenticides Market: Type Segment Analysis
- Non-anticoagulant rodenticides
- Zinc Phosphide
- Anticoagulant rodenticides
Rodenticides Market: Applications Segment Analysis
- Pest control
Rodenticides Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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