The report titled “Rodenticides Market” sheds a concentrated focus on the Rodenticides industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The Global Rodenticides Market size is estimated to be valued at USD 4.9 Billion in 2020 and is projected to reach USD 6.6 Billion by 2026, recording a CAGR of 5.0%.
Top Companies Profiled in the Rodenticides Market:
- Basf Se
- Bayer Ag
- Syngenta Ag
- Upl Limited
- Liphatech, Inc
- Jt Eaton & C0., Inc
- Neogen Corporation
- Pelgar International
- Rentokil Initial Plc
- Senestech, Inc
The recent COVID-19 pandemic is expected to impact the global rodenticides industry. The supply chain has been disrupted due as the result of government imposition of lockdown across many regions. This has reduced many stakeholders involved in supply chain from taking the products to destined place.
“Anticoagulants: The largest growing segment in the rodenticides market, by rodenticide type”.
Anticoagulants rodenticides accounted for the largest share in the rodenticides market in 2020. Anticoagulant active ingredients, such as bromadiolone and brodifacoum, are extensively preferred in the US for rodent control, and majorly, products formulated with these active ingredients have been approved by the regulation authority across Europe.
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“Pellet: The largest growing segment in the rodenticides market, by rodenticides mode of application”.
By mode of application, the market for rodenticides is segmented into pellet, spray and powder. Pellets are the most widely used mode of application across the globe, mainly due to ease to use with baits and its availability in different flavors, which makes it more attractive for luring rodents. In addition, the formulation of these pellets with a higher concentration is easier than other modes.