According to a new report published by Allied Market Research, titled, “ Rodent Control Market: Opportunity Analysis and Industry Forecast, 2020–2027,” the global rodent control market was valued at $2.4 billion in 2019, and is projected to reach $3.9 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.
Rodent control implies the management and regulation of rodents that adversely affect human health and environment. Rodent control is a major issue for many homeowners. Rats and mice have the ability to transfer diseases, contaminate food, and cause structural damage, hence need to be eliminated. They are also accomplished chewers, known for gnawing their way through barriers with their powerful front teeth.
Implementation of stringent government regulations toward conservation of environment in developed regions, such as North America and Europe is expected to drive the growth of global rodent control market. In addition, favorable government initiatives to promote the use of bio-based rodenticides are likely to surge the demand for rodent control globally. However, toxicity and health-related issues due to chemicals present in rodenticides is a significant factor that hampers the growth of the market. On the contrary, ongoing R&D activities to increase the dependency on bio-based rodenticides is expected to offer lucrative growth opportunities for the rodent control market.
The global rodent control market size is segmented on the basis of type, application, and region. By type, it is categorized into chemical, mechanical, biological, and others. The applications covered in the study include commercial, residential, agriculture, industrial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By type, the chemical segment is expected to garner the highest market share during the forecast period, owing to its effectiveness, as it kills rodents in a single dose or multiple doses.
By application, the commercial segment is likely to garner the highest market share during the forecast period due to increase in demand for rodent control in the commercial sector such as stored product facilities, food processing facilities, and retail sites such as stores, hotels, casinos, and restaurants to maintain high sanitation standards and cleanliness.
Region wise, the rodent control market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to garner the highest rodent control market share during the forecast period due to expansion of agricultural lands and the number of organic producers in China and India boost the application of different rodenticides.
Key Findings Of The Study
- The Asia-Pacific rodent control market is projected to grow at a highest CAGR of nearly 7.5%, in terms of revenue, during the forecast period.
- The residential application is anticipated to witness moderate growth rate of 6.2%, in terms of revenue, during the forecast period.
- North America dominated the rodent control market with a revenue share of over 5.5% in 2018.
- The chemical rodent control is anticipated to witness moderate growth rate of 6.6%, in terms of revenue, during the forecast period.
The key players operating in the global rodent control market include Anticimex, BASF SE, Bayer AG, EcolabInc., Neogen Corporation, PelGar International, Rentokil Initial Plc, Rollins Inc., Senestech Corporation, Syngenta AG.