The
global Anticoagulant
Rodenticides Market size is expected to reach USD 913.6 million by
2030, as per the new report by Grand View Research, Inc. The market is expected
to expand at a CAGR of 3.3% from 2022 to 2030. The growth is majorly driven by
the growing market for rodent control products to control the growing
population of rodents and increase attempts to prevent various diseases caused
by them.
These
products are extensively used in household, and agricultural applications, as
well as in warehouses and pest control companies. The demand for these products
in multiple applications is extremely dependent on the regional and
international regulations imposed by the government and some other regulatory
authorities. Due to the increase in the global supply of staples such as coarse
grains, rice, and wheat, is expected to result positively in the consumption of
the product across the world.
The
increasing global concerns regarding food safety led to higher demand for
surged agricultural yields and effective cultivation methods along with the
employment of advanced and new mechanisms. This has led to an increase in the
usage of chemicals in rodenticides for the development of effective rodent
control products. The development of these products has highlighted their
competitiveness against traditional rodenticides available. Though the harmful
effects of active ingredients are high, if they are used at minimal
concentration, their toxicity is reduced. In the agricultural sector, farmers
are aware of the benefits of organic agricultural products, but they are also
willing to invest in chemically derived substances to secure their agricultural
yields.
The
complete or partial shutdown of various warehouses, which contains electronic
goods, food products, and others, along with disturbances in manufacturing and
sales of multiple rodent control products, during the COVID-19 pandemic
resulted in serious economical losses. However, the recovery of the market is
anticipated by the end of the Q4 of 2021, along with the regrowth of the
industrial sector will also have a positive impact on the demand for rodent
control products.
Related Press
Release@ Anticoagulant
Rodenticides Market Report
Anticoagulant Rodenticides Market Report Highlights
- The 1st generation
anticoagulant rodenticide product type segment is expected to witness a
CAGR of 3.5% over the forecast period, owing to its low toxicity as
compared to the 2nd generation product type
- The pellets
segment is expected to witness a CAGR of nearly 3.6% over the forecast
period, as they offer more effective control against rats and mice and are
resistant to changing environment
- The
household application segment is expected to witness a CAGR of 4.1% over
the forecast period, owing to the improper waste disposal in the common
households that provide plenty of food for mice, rats, and some other
rodents. This, in turn, is anticipated to fuel the market demand from the
households
- Agriculture
application is poised to grow on the account of increasing cases of rodent
attacks on the agricultural fields as they are omnivorous in nature and
diet mainly on fruits, leaves, young plants, seeds, plant roots, and
grains
- In the Asia
Pacific, the market is expected to witness a CAGR of 4.4% over the
forecast period, due to increasing urbanization, and agricultural
activities, especially in developing countries like India and China
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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