Increasing Vector Based Disease Outbreaks Drives the Demand for Rodenticides Market

 The rodenticides market is estimated to be valued at USD 4.9 billion in 2020 and is projected to reach USD 6.6 billion by 2026, recording a CAGR of 5.0% during the forecast period. The growth of the rodenticides market is driven by factors such as the increase in vector baseddisease outbreaks and increasing damage by rodent attacks.

The key manufacturers in the rodenticides market include BASF SE (Germany), Bayer AG (Germany), and UPL (India), while Rentokil Initial plc (UK), Ecolab Inc (US), and Rollins Inc (US) are some of the key service providers across the globe. New product launches, acquisitions, and agreements & joint ventures were some of the core strengths of the leading players in the rodenticides market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=189089498

BASF SE is a leading company that produces a wide range of chemical products. It operates through five segments, namely, chemicals, agricultural solutions, performance products, functional materials and solutions, and others. The agricultural solutions segment includes crop protection products, such as insecticides, herbicides, fungicides, and plant growth regulators. BASF uses innovative active ingredients and technologies in a wide range of pest control products to eradicate pests such as bed bugs, termites, ants, flies, and rats. It offers innovative formulations of insecticides and rodenticides that are comparatively effective.

Rentokil Initial plc provides business support services through its operation segments—pest control, hygiene, and protect and enhance. The pest control business provides services and products under the Rentokil Pest Control brand name. Rentokil has operations in 75 countries across North America, Europe, the UK, and Asia Pacific. The company has a range of services in plants, property care, medical, and specialist hygiene. Rentokil also provides a range of pest control services, which include rodents, flying and crawling insects, and other forms of wildlife management solutions.

Ecolab Inc. is a global leader that offers services and products under its water, hygiene, and energy technologies segment. The company caters to nearly three million customers across the globe. It also focuses on offering rodent control services with its Ecolab’s prevention and elimination program for rodents. The company has its own patented rodent station technology, which is used to control rodents at the site.

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.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=189089498

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.
• In April 2018, BASF SE launched Selontra rodent bait, a soft bait formulation based on the active ingredient, cholecalciferol, for rodent control in the US market. The product has high efficacy in controlling rodent infestation in just seven days. 

Key questions addressed by the report:

• Who are some of the key players operating in the rodenticides market, and how intense is the competition?
• What kind of competitors and stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
• How are the current R&D activities and acquisitions in the rodenticides market projected to create a disrupting environment in the coming years?