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The market size of the rodenticides industry was valued at USD 5.7 billion in 2022. It is projected to reach USD 8.68 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2023 to 2030.
Rodenticide Market Growth , which are chemical substances used to control rodent populations, have witnessed significant growth in recent years. The market's upward trajectory is expected to continue, driven by various factors such as increasing urbanization, expanding agricultural activities, and rising concerns regarding public health and food safety.
With the expanding global population and rapid urban development, the need for effective rodent control solutions has become paramount. Rodents not only pose a threat to human health by spreading diseases but also cause substantial damage to crops, infrastructure, and property. As a result, the demand for rodenticides has surged, leading to substantial market growth.
Furthermore, the agricultural sector has witnessed a surge in demand for rodenticides due to the need to protect crops from rodent infestations. Farmers are increasingly adopting rodenticides as an essential tool to safeguard their harvests and minimize economic losses caused by rodent damage. This trend is expected to fuel the growth of the rodenticides market in the coming years.
In addition to agriculture, the urban sector has also emerged as a significant consumer of rodenticides. As cities expand and human settlements encroach upon natural habitats, rodents find ample opportunities to thrive in urban environments. This has led to an increased need for effective rodent control measures in residential, commercial, and industrial settings.
Moreover, the growing awareness regarding public health and food safety has further propelled the demand for rodenticides. Rodents are known carriers of various diseases, including leptospirosis, hantavirus, and salmonellosis. To mitigate the risks associated with these diseases, governments and regulatory bodies have implemented stringent regulations and guidelines, mandating the use As a result, the rodenticide market is expected to witness significant growth in the coming years.
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Key Players:
The major key players are Bayer AG, Syngenta, BASF SE, Anticimex, UPL Ltd., Rollins, Abell Pest Control, Truly Nolen, Liphatech Inc., JT Eaton, Pelgar International, Neogen Corporation, Bell Laboratories, Senestech Inc., Ecolab, Impex Europa, Rentokil Initial Plc, Terminix, and other key players mentioned in the final report.
MARKET SEGMENTATION:
By Type
Non-anticoagulants
By Rodent Type
By Mode of Application
By End-use
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Rodenticides Market Growth by Rodent Type
9.Emulsion Rodenticides Market Growth by Type
10.Emulsion Rodenticides Market Growth By End-use
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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