The global rodenticides market revenue is expected to register a moderate CAGR over the forecast period. The global rodenticides market report has been segmented on the type, application, and region.
Rapidly growing population and declining arable land is major factor expected to drive the growth to global rodenticides market over the forecast period. Companies are focusing on research and development of rodenticides that are safe to environment which is expected to boost the growth of the market over the forecast period. Adoption of advance farming technologies and practices is another major factor expected to support growth of market over the forecast period.
However, and stringent government regulation for approval and harmful effect of rodenticides on human health and environment are major factors expected to hamper the growth of global rodenticides market over the forecast period.
Based on type, the rodenticides market is segmented based on non-anticoagulant and coagulant. The non-anticoagulant is expected witness faster growth rate over the forecast as it can effectively control the rodent infestation.
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Based on application, global rodenticides market is segmented based on agricultural, pest control, warehouses, and others. Pest control segment is expected to register rapid growth rate over the forecast period.
Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific region contributes major revenue share as compared to that of other region and is expected to witness rapid growth rate over the forecast period. Increasing awareness and demand for rodenticides in the countries like India and China is expected to drive growth of the global rodenticides market over the forecast period.
Some prominent players in the global rodenticides market are BASF SE, Bayer AG, Syngenta AG, Rentokil Initial Plc, United Phosphorus Ltd., Neogen Corporation, Bell Laboratories Inc., Liphatech, Inc., Impex Europa S.L., and Senestech Inc.