RODENTICIDES MARKET

 

Market Overview:

               During the forecast period, it is anticipated that the global rodenticides market will have a CAGR of 3.5%. (2020-2025). In terms of growth rate, Asia-Pacific dominated the market in 2019. This was due to a higher demand for rodenticides in nations like India and Japan as a result of rat infestations in markets, warehouses, and agricultural areas.
The use of second-generation anticoagulant rodenticides is strictly prohibited by law in industrialised nations and areas like the United States and Europe, and this is anticipated to impede market expansion overall.
The rodenticides market is fragmented, with both global competitors and local businesses competing for a larger market share. In the market, some of the prominent players are BASF SE, Bayer AG, Syngenta, and Liphatech Inc.

Key Market Trends:

        The whole market has recently been impacted by a number of strict laws and consequent calls for a ban on rodenticides. Experimental research has shown that anticoagulants are the main factor in the poisoned corpses that kill birds of prey and other scavenging species. Furthermore, exposure to rodenticides puts humans at risk for intoxication. In 2013, the US Environmental Protection Agency (EPA) placed restrictions on the marketing of second-generation LAA rodenticides such brodifacoum and bromadiolone. The Senate Appropriations Committee withdrew the AB 1788 Bill in August 2019, which would have prohibited second-generation anticoagulant rodenticides (SGARs) in California due to poisoning of non-target species.

The rodenticide market saw the fastest increase worldwide in Asia-Pacific. In emerging nations around the region, rodent assaults on agricultural fields have become extremely common. Rats and mice are thought to cause 3% to 5% of the total grain harvests in underdeveloped nations to suffer damage, according to the International Rice Research Institute (IRRI). In 2015, entomologists found that rat infestation in Chellampatti and the surrounding districts of Tamil Nadu, one of the biggest rice-producing states in India, was causing up to 54% of the paddy crops to be lost. In addition, a study by the Indian Ministry of Consumer Affairs states that pest and rodent infestations caused damage to around 57,676 metric tonnes of foodgrains kept in godowns by the Food Corporation of India (FCI).




        

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