A recent market intelligence report that is published by Data Insights Partner on Rodenticides Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Market. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Rodenticides Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Rodenticides Market is offered.
In accordance with the report, the Rodenticides Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Rodenticides Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. The most important driving factor for the rodenticides market is the growing concern about the economic losses associated with damage caused by the presence of rodents. Growing rat populations are a major contributor to the spread of infectious diseases like plague, Hantavirus infection, and Lassa fever, which have negative consequences for the environment, wildlife, and humans. As a result, many rodent control products are now being used in commercial, residential, and industrial. This in turn is expected to trigger the market growth during the forecast period. The usage of rodenticides is subject to registrations by health, environmental protection, and pest control agencies in various countries. Governments evaluate the policies related to the purchase, registration, formulation, application, and disposal of pesticides. This factor is expected to hinder the market growth during the forecast period. The need for grains is increasing as the world’s population grows, and food storage capacity is expanding as people become more concerned about food security. These are two significant factors driving rodenticides market expansion around the world. Rodents eat a wide variety of foods, including plants, seeds, and fruits. Rodenticide pellets are shaped like seeds, which attracts a huge number of rodents. This feature of pellet rodenticides is projected to raise pellet rodenticides’ segmental demand over the world.
To compile the detailed study of the global Rodenticides market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Rodenticides Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Rodenticides Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Rodenticides market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
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Rodenticides Market report has been segmented By Product Type, By Application Type and geography also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2022 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Rodenticides Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Rodenticides Market, By Product type, 2022-2031 (USD Million)
- Non-anticoagulant rodenticides
- Anticoagulant rodenticides
Rodenticides Market, By Application Type, 2022-2031 (USD Million)
- Pest control
The prime objective of the Rodenticides market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Rodenticides Market, By Region, 2022-2031 (USD Million)
- North America ( United States, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
- South Asia ( India, Pakistan and Bangladesh)
- East Asia (China, Japan and South Korea)
- South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
- Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
- Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
- South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
- Oceania (Australia and New Zealand)
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Rodenticides market:
- Bayer Cropscience AG
- DOW Chemical Company
- E.I. Du Pont De Nemours
- Impex Europa S.L.
- J.T. Eaton & Co., Inc
- Liphatech, Inc.
- Neogen Corporation
- Pelgar International
- Senestech, Inc
- Syngenta AG
- THE DOW CHEMICAL COMPANY
- UPL Limited
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Rodenticides Market Report Highlights:
- Detailed analysis of the parent market
- Key players’ strategies and products supplied in the competitive landscape
- Market segmentation in depth analysis
- Market size in terms of volume and value, past, present, and future scenario
- Potential and specialty areas, as well as geographical regions with promising growth prospects
- Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.