PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1514795
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1514795
The Global Rodenticides Market is valued at approximately USD 2.43 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.50% over the forecast period 2024-2032. Rodenticides, essential in the battle against rodent infestations, are specialized chemicals designed to attract and eliminate rodents such as rats and mice. By mimicking food or bait, these substances effectively disrupt the physiological processes of rodents, leading to their eventual demise through disease, internal bleeding, or organ failure. Widely utilized across agricultural fields, residential areas, commercial buildings, and public spaces, rodenticides play a crucial role in mitigating the myriad problems caused by rodents, including property damage, food contamination, and the transmission of diseases.
The escalating pace of urbanization and industrialization, coupled with growing awareness about the health risks posed by rodent infestations, is fuelling the demand for robust rodent control solutions. The burgeoning agriculture and food sectors are significantly driving this market, necessitating effective pest management to safeguard crops and food supplies. Additionally, the rising prevalence of rodent-borne diseases is underscoring the need for preventive measures, while technological advancements are spurring the development of more efficient and safer rodenticide formulations. The demand for eco-friendly and non-toxic rodent control solutions further propels market growth. However, environmental concerns regarding rodenticides' impact on non-target species, stringent regulations, and public campaigns promoting alternative pest control methods pose challenges to market expansion.
Regionally, the Asia Pacific market is set to exhibit substantial growth, driven by rapid urbanization and industrialization in countries such as China and India, where rodent infestations are becoming increasingly prevalent. The agricultural expansion and the proliferation of food storage facilities in this region heighten the need for effective rodent control measures. With a strong emphasis on food security and hygiene, businesses and consumers are becoming more aware of the importance of maintaining rodent-free environments. The availability of diverse rodenticide products, both chemical and non-chemical, caters to the varied preferences and requirements in the region. Moreover, the Europe region is anticipated to grow at fastest growth rate during forecast period 2024-2032.