, February 20, 2018 ) North America Rodenticides Market was worth USD 363 million in 2016 and estimated to be growing at a CAGR of 5.52%, to reach USD 477 million by 2021. Increasing demand to protect crops as well as food grains is likely to have a positive effect on the market over the forecast period. The growing agriculture sector
in emerging nations such as China, India, and Brazil is expected to boost the market growth in the region.
Rodenticides are extensively used in agricultural fields, green houses as well as warehouses. Pest Control Agencies are also among the major users.
The market is expected to be majorly driven on the rising demand for pesticides due to growing agriculture sector over the next seven years. In 2015, the rodenticides market was dominated by North America. U.S accounted for the largest market share in this. Other factors such as growing demand for bio rodenticides in North America contribute to the growth of rodenticides market. Strict regulations by governmental agencies over rodenticides usage and resulting soil contamination is further likely to challenge the North American market. Toxicity of rodenticides on humans and animals has been a key factor restraining the growth of the market.
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The North American Rodenticides market is segmented based on Type, Mode of Application, and End User. The market for Rodenticides, on the basis of Type is segmented into Non-Anticoagulant and Anticoagulant. On the basis of Mode of Application, the Europe Rodenticides Market is segmented into Pellets, Powders and Sprays. On the basis of End Use it is segmented into Agricultural Fields, Urban Centres, Warehouses, Pest Control Companies and Household Consumers. The non-anticoagulant rodenticides segment is projected to grow at the highest CAGR from 2016 to 2022. These rodenticides are referred to as acute toxicants. The metabolic poisons include fluoroacetamide, bromethalin and fluoroacetate, that lead to paralysis and convulsions in rodents before death. These are more efficient in controlling the rodent infestation.
1.4 Y-o-Y Growth Analysis, By Type
1.5 Market Attractiveness Analysis, By Type
1.6 Market Share Analysis, By Type
2 Mode of Application
2.5 Y-o-Y Growth Analysis, By Mode of Application
2.6 Market Attractiveness Analysis, By Mode of Application
2.7 Market Share Analysis, By Mode of Application
3 End User
3.2 Agricultural Fields
3.3 Urban Centres
3.5 Pest Control Companies
3.6 Household Consumers
3.7 Y-o-Y Growth Analysis, By End User
3.8 Market Attractiveness Analysis, By End User
3.9 Market Share Analysis, By End User
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The North America market has been geographically segmented into segmented into US and Canada. As of 2016, North America leads the global rodenticides market, accounting for more than 35% of the entire market share. Growing demand for bio rodenticides in North America is a major contributor to the growth of the market.
The significant companies are actively pursuing supply agreements to increase consumer reach and expand market presence. Companies such as Syngenta, BASF and Bayer Crop Science have been involved in R&D to develop non-toxic rodenticides. The above is expected to open new possibilities to market participants and provide them with competitive gain. Some key players operating in the market include BASF SE, Bayer Crop Science, Neogen Corp., Impex Europa S.L., J.T. Eaton & Co., Liphatech, Pelgar International, Syngenta SA, and UPL Limited.
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