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Rodenticides Market Size
- Report ID: GMI8690
- Published Date: Mar 2024
- Report Format: PDF
Rodenticides Market Size
Rodenticides Market size was valued at USD 5.6 billion in 2023 and is anticipated to register a CAGR of over 5.8% between 2024 and 2032. The market refers to the industry involved in the production, distribution, and sale of chemical agents designed to control rodent populations. These rodenticides are utilized across various sectors such as agriculture, urban pest control, and public health to manage infestations of rats and mice.
The market encompasses a wide range of products, including anticoagulant and non-anticoagulant formulations available in different forms such as pellets, blocks, and powders. Rodenticides play a crucial role in safeguarding crops, preventing property damage, and mitigating health risks associated with rodent-borne diseases, thereby serving as an essential component of integrated pest management strategies worldwide.
The growth of the global rodenticides market is primarily driven by increasing urbanization, expansion of agricultural activities, and growing awareness about the importance of pest control in maintaining public health and hygiene. Additionally, stringent regulations governing food safety and sanitation standards have propelled the demand for rodenticides in food storage facilities, restaurants, and residential areas.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Rodenticides Market Size in 2023: | USD 5.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.8% |
| 2032 Value Projection: | USD 9.4 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 532 |
| Segments covered: | Product, Form, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Moreover, advancements in pest control technologies and the development of eco-friendly rodenticide formulations are further stimulating market growth. With rising concerns about the spread of rodent-borne diseases and the economic losses incurred due to rodent infestations, the demand for effective rodenticides is expected to continue growing, driving expansion in the global rodenticides market.
Concerns about the environmental impact of rodenticides on non-target species and the development of resistance in rodent populations against certain types of rodenticides pose significant pitfalls for the market. These issues raise environmental and regulatory concerns, potentially leading to stricter regulations and reduced consumer confidence in rodenticide products. Moreover, resistance development undermines the efficacy of rodenticides, necessitating the development of alternative pest control strategies and impacting market growth. Addressing these challenges through innovation and sustainable practices is crucial for the long-term viability of the rodenticides industry.
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Rodenticides Market Scope
