Rodenticides Market by Type, End-User Sector, Region | COVID-19 Impact on Rodenticides Market

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MarketsandMarkets Presents
Rodenticides Market - Forecast to
2026 https//www.marketsandmarkets.com/Market-Repo
rts/rodenticides-market-189089498.html

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The report " Rodenticides Market by Type
(Non-anticoagulants, Anticoagulants (FGAR,
SGAR)), End use (Agricultural fields, Warehouses,
Residential, Commercial), Mode of application
(Pellet, Spray, and Powder), Rodent type, and
Region - Global Forecast to 2026", The global
rodenticides market size is estimated to be
valued at USD 4.9 billion in 2020 and is expected
to reach a value of USD 6.6 billion by 2026,
growing at a CAGR of 5.0 during the forecast
period. Factors such as the displacement of
rodents due to urbanization and increase in
rodent population due to climatic change such as
global warming drive the growth of the
market. Browse 239 market data Tables and 62
Figures spread through 272 Pages and in-depth TOC
on "Rodenticides Market - Global Forecast to
2026 Asia Pacific is projected to grow at the
highest CAGR during the forecast period The
market for rodenticides is projected to grow at
the highest CAGR in the Asia Pacific region owing
to the increase in awareness of the effectivity
of chemical rodenticides. As the worlds largest
and most populous region, Asia Pacific is one of
the key markets for rodenticides. Rodents are
common pests present in agricultural fields.
Annually, extensive volumes of agricultural
produce are destroyed and contaminated by
rodents. To meet the increase in demand for food
products and to reduce the crop damages caused by
rodents, the use of rodenticides has increased
significantly in the region. Food retail, food
manufacturing, pharmaceutical, hospitality, and
residential sectors are projected to be major
growth verticals in this market. Download PDF
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• Report Objectives
• To define, segment, and estimate the size of the
  rodenticides market with respect to its type,
  mode of application, rodent type, end-use sector,
  and region
• To provide detailed information about the major
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the complete supply chain and
  influence of all key stakeholders, such as
  manufacturers, suppliers, and end users
• To analyze the opportunities in the market for
  stakeholders and provide details of the
  competitive landscape for market leaders
• To profile the key players and comprehensively
  analyze their core competencies1
• To analyze the competitive developments, such as
  new product launches, acquisitions, investments,
  expansions, partnerships, agreements, joint
  ventures, and product approvals, in the
  rodenticides market
• Secondary Research
• In the secondary research process, various
  secondary sources such as Hoovers, Bloomberg
  BusinessWeek, and Dun Bradstreet were referred
  to identify and collect information for this
  study. These secondary sources included annual
  reports, press releases investor presentations
  of companies, white papers, certified
  publications, articles by recognized authors,
  food safety organizations, regulatory bodies,
  trade directories, and databases.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id189089498

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Driver Impact of climatic changes on rodent
proliferation 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. Constraint Stringent
regulations and the ban on the use of
rodenticides in developed countries The usage of
rodenticides is subject to registrations by
health, environmental protection, and pest
control agencies in various countries.
Governments evaluate the policies related to the
purchase, registration, formulation, application,
and disposal of pesticides. The nature of
government policies affects the demand and prices
of rodenticides. According to Rentokil, the use
of rodenticides as control and preventive methods
have been restricted in many European and North
American countries. Opportunity Increase in
demand for rodent pest control services from the
hospitality and tourism sectors 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.Make an Inquiry https//www.marketsandm
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98  
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• North America to be the largest market for
  rodenticides during the forecast period.
• High rodent population densities result in
  increased cases of rodent-borne disease (for
  instance, Hantavirus) transmission to humans.
  According to the CDC, the density of rodents that
  can cause Hantavirus is high in the US states,
  including Texas, Oklahoma, Louisiana, and
  Arkansas. Due to these factors, there are plans
  to eradicate the growing rodent population in
  North American countries, and hence contributing
  to the high consumption of rodenticides.
• Key Market Players
• 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).
• Recent Developments
• In November 2019, Rentokil Initial Plc acquired
  Florida Pest Control (US), which is a pest
  control service provider for commercial and
  residential customers. This acquisition would
  help the company to expand its product offerings
  in the North American region.
• In June 2019, Bayer entered into an agreement
  with AlphaBio Control (UK), which granted Bayer
  the exclusive right to market Flipper, an
  innovative biological pest control product,
  developed by AlphaBio.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id189089498

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