The global demand for Rodenticides Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Rodenticides are pest control chemicals used to kill and prohibit rodents from the areas where chances of finding rats and other similar animals are high. It is placed in or near areas prone to rodent’s entry include residential spaces, commercial spaces, and agricultural land fields. Rodenticides are formulated in flavour to attract animals. Flavorings may include molasses, wheat flour, fish oil, or peanut butter. There are a number of different rodenticides avialable such as bromethalin, cholecalciferol, zinc phosphide, and strychnine. Each of these works in a different way.
The prominent factors that are driving the global rodenticide market include growing rodent population, increasing demand for pest control, increasing awareness about health and hygiene issues caused by rodents, and increasing concern about the economic losses caused by rodents by destroying crops. However, the harmful impact of rodenticides on the environment and human health, combined with stringent government guidelines for the approval process of rodenticides, are factors expected to restrain the growth of the global rodenticides market. Companies are developing rodenticides that are safe to the environment and are thus expected to create attractive opportunities for new as well as existing market players.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of rodenticides.
The entire rodenticides market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Pest control
This section covers regional segmentation which accentuates on current and future demand for rodenticides market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Rodenticides Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the rodenticides market include BASF SE, Bayer AG, Syngenta AG, Rentokil Initial PLC, United Phosphorus Ltd., Neogen Corporation, Bell Laboratories Inc., Liphatech, Inc., Impex Europa S.L., Senestech Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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