Rodenticides Market Research Is Crucial To Your Business. Learn Why!

October 15, 2020
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The global rodenticides market is set to gain momentum from the increasing contamination of food items. Rodents are capable of contaminating around ten times the amount of food that they consume. Sometimes, it is much more. This information is given by Fortune Business Insights™ in a recent report, titled, “Rodenticides Market Size, Share & Industry Analysis, By Type (Anticoagulant and Non-anticoagulant), Form (Pellets, Powders, Sprays, and Others), Application (Agricultural Fields, Warehouse, Pest Control Companies, and Others), and Regional Forecast, 2020 – 2027.” The report further states that the rodenticides market size was USD 2.04 billion in 2019 and is projected to reach USD 2.66 billion by 2027, exhibiting a CAGR of 3.46% during the forecast period (2020-2027).

COVID-19 Impact Analysis:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Drivers & Restraints:

Increasing Usage of Integrated Pest Management to Bolster Growth

Rats and mice have been damaging the health and fitness of the masses since time immemorial. They can cause 60 different types of diseases, such as Hantavirus, typhus, and plague. At the same time, they can cause economic loss. One of the most effective methods to deal with such commensal rodents is the adoption of integrated pest management (IPM). It is a broad-based approach that highlights the economic management of rodents. However, the launch of new rodenticides must follow some of the rigorous and stringent regulatory requirements as provided by the governments or other regulatory bodies. It may hamper the rodenticides market growth during the forthcoming period.

Segment:

Anticoagulant Segment to Grow Rapidly Backed by High Demand from Agriculture Sector

Based on type, the market is bifurcated into non-anticoagulant and anticoagulant. The anticoagulant segment held 75.54% rodenticides market share in 2019. They are used at a large scale as they provide the rodents with painless deaths by preventing their blood from coagulating. They are also less toxic to other animals, as well as human beings. They are highly demanded from the agricultural sector across the globe. Hence, this type of rats and mice pest control would be sold more in the near future.

Browse More Insights into the Rodenticides Market Research Report: 

https://www.fortunebusinessinsights.com/rodenticides-market-102826

 

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