PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627840
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627840
The rodenticides market is projected to grow at a CAGR of 5.09% over the forecast period, increasing from US$1,648.283 million in 2025 to US$2,108.255 million by 2030.
Rodenticide is a type of chemical that is specially formulated to kill rodents or rats. Rodenticides are also commonly referred to as rat poison, and they offer multiple benefits to the users, as it is easy to use. They are used across multiple industries, like food & beverage, warehousing, manufacturing, pharmaceutical, and household. They are a useful chemical as they prevent the loss of products from storage by the rat infestation.
Rapid urbanization and development of industries such as pharmaceutical, food and beverage, warehousing, and logistics have also contributed to growth in the global rodenticide market. With expansion in all these industries, efficient and safe operation is highly necessary, which further helps to mitigate the dangers caused by rodents. Infestations lead to such tremendous losses, such as goods' damage, contamination of the product, and disturbance of operations in the supply chain; this makes rodent control critical.
Additionally, intense health and safety requirements imposed across industries are compelling businesses to make efficient rodent management solution applications, which further boosts demand for rodenticides. The growing population in the world and urban migration only add to the problem since dense urban centers provide ideal habitats for rodents. Advanced rodenticides with targeted formulations and eco-friendly properties are also gaining ground, which addresses both effectiveness and environmental concerns. This is driving the market steadily, as industrial growth, regulatory pressure, and innovation in rodenticide products are factors that fuel this growth.
With the increase in the global urban population, the demand for these industries is estimated to propel, pushing the need for rodenticide across industries to reduce the loss of the products. The World Bank, in its report, stated that the global urban population witnessed massive growth. The organization stated that in 2021, the total urban population of the globe was recorded at 4.45 billion, which grew to 4.52 billion in 2022 and 4.6 billion in 2023.
Global rodenticides market drivers
One of the major factors driving the global rodenticide market's growth is the increasing population of rodents worldwide. With the increase in the global rodent population, the damage to products across multiple sectors is estimated to grow, pushing the need for rodenticides.
The global rodent or rat population increased significantly, which caused damage to the products of multiple industries, like manufacturing, agriculture, food & beverages, and healthcare. The National Pest Management Association, in its report, stated that in the US, the population of rats increased significantly. The association, in its December 2022 estimates, stated that California is mostly affected by rats, with an estimated rat population of about 25 million, followed by New York, which consists of about 20 million rats. Texas and Florida have about 15 million and 10 million rats, respectively, whereas the total rat population in Illinois was estimated at 8 million.
Rodenticides market Geographical Outlook
The market for rodenticides in India has been steadily growing through the years owing to the increase in urbanization requiring more food production and supportive government policies. The stringent government regulations aimed at controlling and ending the spread of diseases as well as ensuring public health. Under this regulation, businesses and households are required to maintain effective pest control measures. Moreover, Government programs to improve crop yields and reduce post-harvest losses are popularizing the use of rodenticides among farmers in the region.
Moreover, the growing need to have crops saved from rodent infestation in India's agriculture sector is adding more to the range of rodenticides demand. The Department of the Ministry of Agriculture and Farmers Welfare, Government of India, has announced the latest estimates for Major Crop Production 2022-23. According to these final estimates, total foodgrain production reached a new high at 3,296.87 Lakh tonnes, which surpasses the previous record achieved in 2021-22, where total foodgrains were around 3,156.16 Lakh tonnes. The total oilseed production of the country for 2022-23 is estimated at 413.55 Lakh tonnes, which is higher by 33.92 Lakh tonnes than the production of 2021-2022, while sugarcane production in the country is estimated to be around 4,905.33 Lakh tons in 2022-2023.This expansion in production fuels the requirement for rodenticides to protect crops, as rodents cause the annual loss of foodgrains in the country estimated at 2.4 million to 26 million tons.
In addition, with the development of the country's economy, construction in sectors such as meal processing, warehousing, and hospitality industries is on the rise. The resulting new habitats create attractions for rodents. More and more storage and processing of food products and expansion of the infrastructure in urban areas contribute to increased rodent infestations and create a greater demand for pest control solutions. Consequently, this will drive the demand for rodenticides to ensure compliance with health and safety standards, protect stored goods, and maintain the operational integrity of these facilities in the coming years.
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