Rodenticides Market Opportunities: The Impact of E-commerce on Sales Channels

The global rodenticides market size was valued at USD 5.27 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. Factors such as the increasing prevalence of pest-related diseases, a surging rodent population, rising demand for pest control, and the availability of natural rodenticides are likely to be major drivers of market growth. According to the 2019 American Housing Survey, among the 124 million occupied homes in the United States, 14.8 million reported seeing mice or rats inside the house over the course of a year.

Rising concerns regarding economic losses associated with damages caused by rodents in agricultural fields are likely to drive growth over the coming years. However, environmental concerns over the use of chemicals and their ill effects on humans and other living beings are likely to restrain demand. Therefore, product application is highly regulated by stringent laws. Regulations related to chemical rodenticide usage have been established in North America and Europe. For instance, all pesticide products must be registered under the U.S. EPA before being sold publicly. These products are regulated by the EPA under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA).

Increasing rodent population is a major factor behind the growing prevalence of transferable diseases such as plague, Hantavirus infection, and Lassa fever, which affects the environment, wildlife, and human beings. This has triggered the use of rodent control products in commercial, residential, and industrial applications. These products are witnessing high demand in major cities globally. Companies are developing products to effectively control rodent population. The rising number of offices, hospitals, hotels, and housing, along with the high demand for hygiene, are expected to propel product demand.

Gather more insights about the market drivers, restrains and growth of the Global Rodenticides Market

Detailed Segmentation:

Application Insights

The pest control companies segment accounted for the largest revenue share of 39.1% in 2022. Pest control companies provide services to hotels, home, retail business, apartments, office complex, food processing sector, manufacturing facilities, agriculture, warehouse, and electronic sectors. Mice and rats not only contaminate food but spread diseases. Increasing occurrences related to the damage of electric wirings and walls in commercial and residential buildings are likely to fuel demand for pest control services in the coming years.

Product Insights

Rodenticides are classified into anticoagulant and non-anticoagulant, based on their application. Difethialone, bromadiolone, brodifacoum, chlorophacinone, and warfarin are anticoagulants, while bromethalin, cholecalciferol, strychnine, sodium fluoroacetate, and zinc phosphide are some of the chemical non-anticoagulant variants. These active ingredients are mixed with vegetable oil and grains and fed to rodents.

Form Insights

Rodenticides are generally available in pellets, blocks, and powder form. Use of rodenticides provides efficient and quick results in terms of destroying rodents, which is likely to propel their demand over the forecast period. However, strict government rules about the use of active ingredients are predicted to restrain market growth over the coming years.

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Regional Insights

Asia Pacific dominated the market with a revenue share of 29.8% in 2022 and is expected to expand at the fastest CAGR of 7.6% during the forecast period. Asia Pacific is a competitive market due to the presence of over 3,000 pest control companies. Unusual climatic conditions such as floods, heavy rainfall, and cyclones are major causes of rodent outbreaks in the region. Moreover, the availability of better than usual food supply in agricultural fields provides a more suitable breeding ground for rodents, which, in turn, increases their numbers. Such factors are anticipated to drive regional demand for effective pest control measures over the forecast period.

Key Companies & Market Share Insights

Acquisitions and new product developments are key strategies being adopted by manufacturers in order to strengthen their position in the market. Companies are trying to develop new application-specific products in an attempt to increase their market scope. Extensive R&D investments for the development of effective and high-quality products and technologies are also being undertaken by manufacturers.

Key Rodenticides Companies: