The rodenticides market size is estimated to be valued at USD 5.3 billion in 2022. It is projected to reach USD 7.1 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rodenticides market is driven by rapid urbanization across regions. The increase in awareness on public hygiene, the prevention of vector-borne diseases, and the rise in purchasing power parity (PPP) among the middle-class population are factors that have encouraged the demand for pest control services globally. In addition, government initiatives for maintaining environmental hygiene are projected to drive the demand for rodenticides. For instance, the “clean-up” movement in India has proven to be a major driver for the insect pest control industry.
Rodenticides Market Trends:
- Increasing Awareness of Health Risks: There has been a growing awareness among consumers and businesses about the health risks associated with rodent infestations. This awareness has driven the demand for effective rodent control solutions, including rodenticides.
- Stringent Regulations: The rodenticides market has been influenced by increasingly stringent regulations related to the use of certain chemicals in pest control. This has led to the development of more environmentally friendly and safer rodenticide products.
- Rise in Urbanization: The global trend of urbanization has led to an increase in rodent infestations in urban areas. As a result, there is a higher demand for rodenticides in both residential and commercial settings.
- Innovations in Formulations: The industry has seen innovations in rodenticide formulations, including more effective and targeted products. This includes the development of bait stations, which are designed to protect non-target species and minimize the risk of accidental exposure.
- Shift towards Integrated Pest Management (IPM): Integrated Pest Management strategies, which focus on a combination of preventive measures and targeted pest control methods, have gained popularity. This shift has impacted the rodenticides market, with a greater emphasis on holistic pest management approaches.
- Growing Adoption of Biological Rodenticides: Biological rodenticides, which use natural predators or pathogens to control rodent populations, have gained traction. This is part of the broader trend towards environmentally friendly and sustainable pest control solutions.
- E-commerce and Online Sales: The rise of e-commerce has influenced the distribution channels of rodenticides. Consumers and businesses increasingly purchase pest control products online, contributing to the growth of the online sales segment in the rodenticides market.
- Global Market Expansion: The rodenticides market has expanded globally, with increasing demand in both developed and emerging economies. Companies in the industry are exploring new markets and expanding their product portfolios to cater to diverse regional needs.
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Rapid Urbanization across the region
Urban areas are more susceptible to pests. In addition, a rapid increase in urbanization and industrialization is one of the major factors encouraging the demand for pest control. The shift in residences of people and their migration from rural to urban areas would contribute to the increase in the urban population. According to FAOSTAT 2018, an increase was observed in the urban population by 8% during the study period from 2015 to 2018. According to the United Nations Department of Economic and Social Affairs 2018, a significant portion of the population in North America (82%), followed by Latin America and the Caribbean regions (81%), Europe (74%), Oceania (68%), Asia (50%), and Africa (43%) is living in urban areas.
The shift of the rural population for more growth opportunities in cities has increased the burden on urban cities. These megacities have now become incubators for new epidemics and zoonotic diseases that could spread more rapidly and become a worldwide threat. Poor housing facilities arising due to increased urbanization can lead to the proliferation of insect and rodent vector diseases and geohelminthiases. This is due to inadequate water supplies as well as sanitation and waste management. These factors contribute to a favorable environment for both different rodents and insects, which carry pathogens and soil-transmitted helminth infections. For example, in Chinese cities, the incidence of Seoul hantavirus hemorrhagic fever with the renal syndrome has been linked to urban growth, an increase in the rat population, and the rise in rat-human contact.
Rapid urbanization is impacting commercial, residential, and agricultural areas significantly. The increase in urbanization has led to changes in consumer lifestyles. With the increase in workload, busy lifestyles, and the rise in the number of working women, the time to keep the working space pest-free is reduced. This has led to a surge in demand for products that offer proper pest management solutions. Rodents, such as rats, are most commonly found in kitchens due to the presence of food and food-related garbage. The increase in health and hygienic concerns of the people and the affordability of pest control practices encourage them to adopt such practices for a rodent-free environment.
Top Manufacturer in Rodenticides Market
- BASF SE (Germany)
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- UPL Limited (India)
- Neogen Corporation (US)
- Anticimex (Sweden)
- Ecolab Inc. (US)
- Rentokil Initial PLC (UK)
- Senestech, Inc. (US)
- Rollins, Inc. (US)
- Liphatech, Inc. (US)
