Rodenticides Market to reach USD 9.4 Billion by 2032, Says Global Market Insights inc.
Rodenticides Industry size is expected to register 5.8% CAGR between 2024 and 2032 propelled by increasing urbanization leading to higher demand for rodent control in urban areas.
Selbyville, Delaware, Aug. 28, 2024 (GLOBE NEWSWIRE) — Rodenticides Market value could reach USD 9.4 billion by 2032, as per a
Europe to garner a high market value
Europe rodenticides market will register a robust CAGR from 2024 to 2032. Stricter EU regulations on the use of pesticides, including rodenticides, emphasize safety and sustainability, which has created a demand for improved solutions. Additionally, being environmentally friendly and having rapid urbanization and agricultural expansion creates the need for effective rodent control to protect crops, infrastructure, and public health. Therefore, the region combines chemical and non-chemical methods to effectively control rodents. European users and industry are therefore dependent on newly developed rodenticides that improve efficacy with a reduced environmental footprint around the area, boosting market demand across the region.
Rodenticides Market Players
Neogen Corporation, BASF SE, EcoClear Products, Syngenta, Bell Labs, Impex Europa S.L., Anticimex, Rentokil Initial plc, PelGar, Liphatech, Inc., Bayer AG, UPL Limited. Through targeted efforts to develop safe and effective products, companies are driving demand in the rodenticides industry. Innovations in pharmaceutical manufacturing, such as non-anticoagulant rodenticides and environmentally friendly nets, comply with regulatory and consumer concerns about safety.
Leading companies are investing in R&D to develop advanced rodenticides that meet stringent regulations and improve their efficacy. In addition, companies focus on user-friendly methods such as block forms and promote integrated pest management (IPM) methods supporting market adoption.
In June 2024, Bell Laboratories introduced its latest rodent bait to Canada, the Fastrac Soft Bait. The active ingredient in this powerful rodenticide was bromethalin. It was formulated with a special oil blend that balanced saturated and neutral fatty acids.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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