The global rodenticides market size is estimated to account for a value of USD 4.9 billion in 2020 and is projected to grow at a CAGR of 5.0% from 2020, to reach a value of USD 6.6 billion by 2026. The impact of climate change on rodent proliferation alongside the increasing damage by infestation of rodents are some of the factors driving the growth in the market.
The changing climatic conditions are of significant importance in the market, as global warming leads to the change in the population dynamics of rodents and their ecosystems, as rodents breed prominently more in warmer climates. The proliferation of rodent population is related to climatic changes, which is a major international public health concern. Hantavirus infection is increasingly sensitive to climatic conditions. Rodent population responds more rapidly to favourable weather conditions, such as heavy rainfall, which could directly or indirectly proliferate rodent-borne pathogens, such as spirosis, a zoonotic bacterial disease, with an unknown, but probably high human and veterinary prevalence.
The entertainment sector, warehouses, construction companies, foodservice segment, pharmaceutical companies, and the hospitality sector play an important role in encouraging the demand for pest control products & services, particularly for rodents. The economic losses due to the damages caused by pests, such as rodents, affect the tourism industry. The growth of the hospitality and entertainment sectors in urban areas due to the high purchasing power among consumers has driven the demand for rodent control products.
Some of the major players operating in the rodenticides market include Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Rentokil Initial Plc (UK), JT Eaton (US), UPL Limited (India), Anticimex (Sweden), The Terminix International Company (US), Liphatech Inc (US), Neogen Corporation (US), PelGar International (UK), Bell Laboratories Inc (US), Ecolab Inc (US), Rollins Inc (US), Abell Pest Control (Canada), Futura Germany (Germany), SenesTech Inc (US), and Impex Europa S.L (Spain).
