The modern-day document posted via Report Ocean, titled “Rodent Control Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global rodent control market was valued at $2.4 billion in 2019, and is projected to reach $3.9 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027. Rodent control is the regulation of the population of destructive, noxious, or dangerous rodents through chemical, biological, or other means. Rodenticides are pesticides that kill rodents. These are chemicals or mixture of chemicals that are used to mitigate rodent damage. Norway rats, roof rats, and house mice tend to reside in places where there are human activities that can lead to serious health issues; thus, rodent control has gained significant importance in recent years.
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The growth of the rodent control market is attributed to factors such as increase in urban population all around the world, which has resulted in significant increase in food sources and conducive living habitats for various rodents such as Norway rats, roof rats, and house mice. This has resulted in increased demand for rodent control management across the world. In addition, rapid migration is witnessed from rural areas to urban centers, being more prevalent in developing countries such as India. This has further increased the population density of urban areas, which, in turn, is anticipated to fuel the demand for rodent control products and services. Rise in concern of consumers from residential and commercial sectors toward maintaining health and hygiene has escalated the adoption of rodent control products and services. Moreover, considerable rise has been witnessed in the prevalence of diseases caused by different kind of rodents, hence making it essential to control them.
However, stringent regulations and ban on the use of chemical based rodent control in developed countries and surge in use of mechanical methods for rodent control is likely to hamper the growth of the market. In addition, toxicity and health-related issues due to chemicals present in rodenticides is a significant factor that hampers the growth of the market. Furthermore, the introduction of new techniques like digital rodent control that include high-tech digital traps, sensors, and cameras and ongoing R&D activities to increase the dependency on bio-based rodenticides are anticipated to provide lucrative growth opportunities for the market expansion in future.
The global rodent control market is segmented on the basis of type, application, and region. By type, it is categorized into chemical, mechanical, biological, and others. The applications covered in the study include commercial, residential, agriculture, industrial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
Some of the major players analyzed in this report are Anticimex, BASF SE, Bayer AG, EcolabInc., Neogen Corporation, PelGar International, Rentokil Initial Plc, Rollins Inc., Senestech Corporation, Syngenta AG.
KEY BENEFITS FOR STAKEHOLDERS
– Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current trends and future estimations of the rodent control market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
– The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
– The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
– The profiles of key players along with their key strategic developments are enlisted in the report.
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KEY MARKET SEGMENTS
– By Type
– Chemical
– Mechanical
– Biological
– Others
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– By Application
– Residential
– Commercial
– Industrial
– Agriculture
– Others
– By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o Spain
o Italy
o UK
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o UAE
o South Africa
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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