Market Size of Rodenticides Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.18 Billion |
| Market Size (2029) | USD 2.60 Billion |
| CAGR (2024 - 2029) | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rodenticides Market Analysis
The Rodenticides Market size is estimated at USD 2.18 billion in 2024, and is expected to reach USD 2.60 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
- Asia-Pacific led the market in terms of rate of growth in 2019, owing to a higher demand for rodenticides witnessed in countries such as India and Japan, resulting from rat infestations inagricultural fields,warehouses, and markets.
- However, rigid regulations against the use of second-generation anticoagulant rodenticides in developed countries and regions such as the United States and Europe, are expected to restrain the growth of the overall market.
- The market for rodenticides is fragmented with both international players and regional companies vying for a higher market share in the industry. Some of the major players in the market areBASF SE, Bayer AG, Syngenta, Liphatech Inc., PelGar International,JT Eaton, Neogen Corporation, and Rentokil Initial plc,among others.
