SAN FRANCISCO, Jan. 11, 2022 /PRNewswire/ -- The global anticoagulant rodenticides market size is expected to reach USD 849.2 million by 2028, as per a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2021 to 2028. The growth is majorly driven by rising demand for rodent control products to control the growing rodent population and efforts to prevent diseases caused by them.
Key Insights & Findings from the report:
- The 1st generation anticoagulant product type segment accounted for a revenue share of more than 41% in 2020, owing to its ability to break down faster as compared to 2nd generation anticoagulant
- The block form accounted for the highest share of 46.8% as of 2020, as blocks are a more suitable form of using anticoagulant rodenticides than other forms, as rodents like to bite on hard substances
- The use of anticoagulant rodenticides in the powdered form is anticipated to increase over the coming years, owing to its solubility in water, as compared to sprays that increase the chances of secondary poisoning in birds and humans
- The pest control companies segment dominated the market with the highest revenue share of approximately 37.0% owing to rising demand for rodent control products and services in several applications including warehouses, houses, commercial buildings, and others
- As of 2020, the warehouse application segment accounted for a revenue share of approximately 20%; this share is expected to increase over the coming years as rodent prevention is one of the most important steps in the warehouse facilities to keep up the operations and focus on maximizing the profits
Read 105 page market research report, "Anticoagulant Rodenticides Market Size, Share & Trends Analysis Report By Product Type (1st Generation, 2nd Generation), By Form (Pellets, Blocks), By Application, By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research
The future growth of 1st and 2nd generation anticoagulant rodenticides, both in terms of volume and revenue, is highly dependent on the awareness among consumers regarding the safety of the products and government regulations. 2nd generation anticoagulant rodenticides, also known as single-dose anticoagulants, are highly preferred by consumers around the world owing to their superior potency as compared to 1st generation anticoagulant rodenticides.
These products are majorly used in agricultural applications and households, as well as by pest control companies and warehouses. The demand pattern for these products for various end-use applications is highly dependent on the regional regulations imposed by the government considering the toxicity as well as efficiencies. As the global supply of staples such as wheat, rice, and coarse grains has been on the rise, it is expected to result in increased consumption of the product across the world over the forecast period.
Shut down of warehouses consisting of food products, electronic goods, and others along with disruptions in production and sales of rodent control products amid COVID-19 lockdown resulted in serious economic losses. However, a complete recovery of the market is expected by the end of the fourth quarter of 2021, and the stabilization of the global industrial sector will also reflect an increasing demand for rodent control products.
Market Segmentation:
Grand View Research has segmented the global anticoagulant rodenticides market on the basis of product type, form, application, and region:
- Anticoagulant Rodenticides Product Type Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- 1st Generation Anticoagulants
- 2nd Generation Anticoagulants
- Anticoagulant Rodenticides Form Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- Pellets
- Blocks
- Powders & Sprays
- Anticoagulant Rodenticides Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- Agriculture
- Pest Control Companies
- Warehouses
- Urban Centers
- Household
- Others
- Anticoagulant Rodenticides Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- South-East Asia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
List of Key Players of Anticoagulant Rodenticides Market
- BASF SE
- Bayer AG
- Rentokil Initial plc
- Liphatech, Inc.
- PelGar International
- Syngenta Crop Protection AG
- NEOGEN Corporation
Check out more studies related pesticides, published by Grand View Research:
- Rodenticides Market - The global rodenticides market size was worth USD 748.1 million in 2016. Factors such as increased prevalence of pest-related diseases, surging rodent population, rising demand for pest control, and availability of natural rodenticides are likely to be major factors driving market growth.
- Home And Garden Pesticides Market - The global home and garden pesticides market size was valued at USD 7.36 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028. Home gardens have been an important part of family farming and local food systems for millennia.
Browse through Grand View Research's coverage of the Global Agrochemicals & Fertilizers Industry.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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