Rodenticides Market - Forecast(2023 - 2028)

The Rodenticides Market size is estimated to reach US$7.2 billion by 2027, after growing at a CAGR of 5.9% during the forecast period 2022-2027. Rodenticides are chemicals utilized for the purpose of eradicating rodents. Rodenticides are also known as rat poison, some of them are lethal after one exposure while others are needed for more than one. Rodenticides such as anticoagulants in the form of bromadiolone, chlorophacinone, difethialone, brodifacoum and warfarin stop the functioning of the central nervous system cells from generating energy. The growing demand for medicinal plants for herbal medicine at the global level is on the rise, which is also driving the growth of the rodenticides industry. Additionally, the growing organic food industry is focussing on increasing organic food crops, by utilizing rodenticides and other chemicals for protecting and increasing the crop’s yield. Owing to such factors, the demand for rodenticides is expected to grow significantly over the forecast period. The economic downturn caused by the COVID-19 pandemic resulted in a huge drop in demand for construction activities and for agricultural crops such as plantation and floriculture, all across the world, which had a significant impact on the growth of the Rodenticides Market size.

The “Rodenticides Market Report – Forecast (2022 - 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Rodenticides industry.

By Type: Anticoagulants and Non-Coagulants.

By Mode of Application: Pellets, Spray, Powder and Others.

By Rodent Types: Rats, Mice, Chipmunks, Nutria and Others.

By First-Generation: Anticoagulants, Chlorophacinone, Diphacinone, Coumatetrayl and Warfarin.

By Second-Generation: Anticoagulants Brodifacoum, Bromadiolone, Difenacoum, Difethialone and Flocoumafone.

By End-use Industry: Residential, Commercial, Industrial, Agriculture and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa).

The anticoagulants segment held the largest Rodenticides Market share in 2021 and is estimated to grow at a CAGR of 5.7% during the forecast period 2022-2027. There are various active ingredients known as rodenticides such as anticoagulants and can be grouped together according to their pattern of work. Anticoagulants are rodenticides that stop normal blood clotting. Anticoagulants such as bromadiolone, chlorophacinone, difethialone, brodifacoum and warfarin stop the cells in the central nervous system from generating energy. The nerve cells get swollen, exert pressure on the brain and cause paralysis and death afterward. The major breakdown product of anticoagulants is more toxic as compared to non-coagulants and is also available as a single-dose rodenticide. Thus, all these exhibit characteristics of anticoagulants make it a preferred choice over the other rodenticide types that are driving its segmental growth.

The commercial segment held the largest Rodenticides Market share in 2021 and is estimated to grow at a CAGR of 6.2% during the forecast period 2022-2027. Rodenticides are majorly used for controlling or killing rodents through repulsion, exclusion and chemical removal methods. Growing economic activities and zero tolerance for rodents in commercial buildings such as hospitals, offices and food service sectors, are surging the demand for rodenticides. Strict regulation for hygiene maintenance, rising infrastructure in commercial spaces and increasing investments in commercial construction, are driving the Rodenticides Market growth. For instance, in India, in 2019, Larsen & Toubro won contracts for building hospitals, commercial complexes and manufacturing capacity, amounting to US$673.2 million. Thus, such investments are driving the commercial segment and are increasing the adoption of rodenticides for the eradication of rodents.

North-America region held the largest Rodenticides market share in 2021 up to 39%, due to the increasing requirement for rodenticides in the region Canada is expected to continue its dominance in the Rodenticides Market due to the growth of the organic food industry in the country. For instance, in 2021, the U.S. Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) announced an investment of over US$30 million for 33 grants that support farmers to grow high-quality organic food and other organic products. Rodenticides are used in agricultural crops and also in the residential sector for the eradication of rodents. Thus, the rising growth in the demand for rodenticides for various crop protection from rodents is proving to be a market booster for the Rodenticides Market size in this region.

The demand for rodenticides to protect crops from rodents such as rats, mice, nutria and others is expected to drive the Rodenticides Market growth. Rodenticides such as anticoagulants in the form of bromadiolone, chlorophacinone, difethialone, brodifacoum and warfarin are utilized to stop the functioning of the central nervous system cells from generating energy. The increasing population with decreasing arable land generates the necessity for using rodenticides to prevent damage to food crops. The agriculture sector is growing, for instance, in September 2021, the Spanish government allocated EUR13 million (US$15.4 million) to fund the country’s agricultural projects. The projects aim at increasing the country’s food production capacity while contributing to rural development and regional balance. Thus, to protect the farm yield, the need to control the damage to farm output and with the increased investments by the government in the agriculture sector, the growth of the rodenticides industry is forecasted to rise. 

The residential segment is growing by increasing investment and funding in residential construction. Rodenticides are utilized in residential buildings as a protective method against rodents. Growing demand for higher standards of hygiene and the rising residential construction projects funded by the governments and the rise in per capita income is increasing the residential construction sector. For instance, according to the European Construction Industry Federation, in 2020, house building construction in Sweden increased by 2%, when compared with the year 2019. Thus, with the increasing growth of the residential construction sector, the market for rodenticides is anticipated to propel over the forecast period.

The rise in the utilization of rodenticides has led to the evolvement of resistance in some rodent species. The incidence of resistance is connected to particular conditions such as the presence of livestock feed products with more content of vitamin K3, the industrial infrastructure and the continuous application of rodenticides with poor methods. Additionally, the continuous feeding from rodenticide baits and under-baiting can also be a reason for resistance. The development of resistance is a crucial hindrance to the sustainable use of anticoagulant rodenticides. Moreover, rodenticides have limited types such as anticoagulants and non-coagulant, which is making rodents resistant. Thus, the rise in the resistance to conventional rodenticides will create hurdles for the growth of the Rodenticides Market.

Technology launches, acquisitions and R&D activities are key strategies players adopt in the Rodenticides Markets. The top 10 companies in the Rodenticides Market are: