Rodenticides market is projected to grow at a CAGR of 4.36% to reach US$1215.527 million by 2023, from US$940.832 million in 2017. Rising prevalence of pest-related diseases is the major driver of rodenticides market. An upsurge in rodent population is boosting the demand for rodenticides. Growing cost associated with damage caused by rodents across agricultural fields is further augmenting the demand for rodenticides across the agricultural sector. Increasing number of pest control companies worldwide will further contribute to the growth of rodenticides market. However, stringent regulations regarding the use of harmful chemicals used in rodenticides in regions like North America and Europe will hinder the growth of rodenticides market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Rodenticides value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Rodenticides market.
Major industry players profiled as part of the report are BASF SE, Bayer, Neogen Corporation, Liphatech, Inc., and Impex Europe sl among others.
Rodenticides market has been analyzed through following segments:
Powder and Spray
By End User
Pest Control Companies
Middle East and Africa