Anticoagulant Rodenticides Market

Anticoagulant Rodenticides Market Outlook (2022-2032)

The global Anticoagulant rodenticides Market is estimated at US$ 720.4 Mn in 2022 and is projected to reach a valuation of US$ 1.4 Bn by 2032, expanding at a CAGR of 3.3% through the forecast period of 2022-2032.

Attribute	Details
Anticoagulant Rodenticides Market Size (2021A)	US$ 680.8 Mn
Market Forecast Value (2032F)	US$ 1.4 Bn
Global Market Growth Rate (2022-2032)	3.3% CAGR
North America market share	~16.2%
Top 2 Anticoagulant rodenticides Manufacturers’ Market Share	~25.4%
Key Companies Profiled	BASF SE Bayer Syngenta UPL Liphatech Inc. JT Eaton Neogen Corporation Pelgar International Senestech Inc. Bell Laboratories Impex Europa Rentokil Initial Plc Terminix Ecolab

Anticoagulant rodenticides find their application in a multitude of industries including agriculture, metropolitan centres, and residences, as well as pest control firms and warehouses. Over the projected period, the market for anticoagulant rodenticides is predicted to rise due to growing demand for rodenticides to reduce the rodent population. During the projected period, increased demand for rodent control, the prevalence of rodent-related illnesses, an increase in rat population, and the availability of natural rodent control solutions are expected to drive market growth globally.

As global food security concerns grow, there is a greater demand for increased agricultural yields and efficient growing techniques, as well as the use of new and sophisticated technologies.

This has led to an increase in the usage of chemicals in rodent control for the development of effective rodent control products. The development of such products has emphasized their competitiveness against traditional rodent control products available in the market presently.

Anticoagulant Rodenticides Consumption Analysis (2017-2021) Vs. Market Outlook (2022-2032)

As per latest industry analysis by Fact.MR, a market research and competitive intelligence provider, global anticoagulant rodenticides consumption over the past half-decade increased at a CAGR of around 4.2%.

The future expansion of first- and second-generation anticoagulant rodenticides, both in terms of volume and income, is strongly dependent on consumer awareness of product safety and government restrictions. Consumers all over the globe prefer 2nd generation anticoagulant rodenticides, also known as single-dose anticoagulants, due to their better potency over 1st generation anticoagulant rodenticides. The increased worldwide supply of staples such as wheat, rice, and coarse grains is predicted to result in higher demand of the product over the projection period.

What is driving the Global Anticoagulant rodenticides Market?

Increased need for rodent management, the incidence of rodent-related illnesses, and expanding rat population are expected to fuel demand for anticoagulant rodenticides. Owing to the growing demand for rodent control products from key industries such as agriculture, pest management, and home, the market has become significantly competitive. Baits, sprays, and powders with varied concentrations of active chemicals are being developed by large producers such as BASF SE, Syngenta Crop Protection AG, and Bayer AG, to broaden their product line.

Rodents consume grass, grains, seeds, plants, fruits, crumbs, and garbage, among other things. While some rodents consume meat, the bulk of them also eat seeds.

Spraying on anticoagulant rodenticides is not considered safe as compared to powdered, pellets, or other forms, as it increases the chances of secondary poisoning in birds, and humans. Attributed to the above-discussed factors, anticoagulant rodenticides revenue is projected to be valued at US$ 1.4 Bn by 2032-end.   

Country Wise Analysis

Why is North America a Prominent Market for Anticoagulant Rodenticides Sales?

Because of the high rat population densities in North America, the market for anticoagulants rodenticides is dominated by the region. This has resulted in an increase in incidences of rodent-borne illness such as Hantavirus and its transmission to people. According to the CDC, advanced nations have a high population of rodents that can spread Hantavirus. Furthermore, the presence of a large number of producers, together with high hygienic requirements, strengthens the market for anticoagulants rodenticides.

Which country shows a growth outlook for Anticoagulant rodenticides market?

The anticoagulants rodenticides market in India is predicted to develop significantly owing to unusual climatic circumstances such as floods, severe rains, and cyclones, which are primary causes of rodent outbreaks in the area. Furthermore, the availability of higher-than-average food supplies in agricultural areas provides a better breeding habitat for rats, which in turn raises their population, which is one of the reasons expected to drive the anticoagulants rodenticides market.

Category Wise Analysis

Which type of Anticoagulant Rodenticides Holds the Leading Market Share?

“2nd generation Anticoagulant Rodenticides Account for Prominent Share”

In 2021, the 2nd generation category led the market for anticoagulant rodenticides, accounting for 59.2% of total sales. This is due to the product's capacity to feed one patient at a time, as opposed to several feedings with first-generation anticoagulants. Single-dose anticoagulants are another name for 2nd generation anticoagulant rodenticides. Brodifacoum, flocoumafen, bromadiolone, difenacoum, and difethialone are the active ingredients of 2nd generation anticoagulant rodenticides currently on the market.

Which type of Anticoagulant Rodenticides is set to Garner High Share?

Second-generation anticoagulant rodenticides are longer to break down than first-generation anticoagulant rodenticides, and therefore represent a larger risk of secondary poisoning in non-target animals. Because of their decreased toxicity compared to 2nd generation anticoagulant rodenticides, demand for 1st generation anticoagulant rodenticides is predicted to rise throughout the forecast period.

In Australia, three active ingredients of first-generation anticoagulant rodenticides have been approved for usage. The Australian Pesticides and Veterinary Medicines Authority has approved and accepted diphacinone, coumatetralyl, and warfarin for use near industrial, agricultural, commercial, and residential structures. Coumatetralyl is permitted for use on crops, however only in covered bait stations as part of a comprehensive rodent control programme.

Which form of Anticoagulant Rodenticides is projected to hold the Leading Market Share?

“Block form of Anticoagulant Rodenticides is projected to Account for Major Share”

In 2022, the block form segment led the market for anticoagulant rodenticides, accounting for more than 47% of total revenue. This high percentage is due to their capacity to withstand shifting environmental conditions, making them appropriate for outdoor use. Furthermore, throughout the projected period, mice' inclination of nibbling hard items and is predicted to increase demand for block anticoagulant rodenticides.

Competition Landscape

BASF SE, Bayer, Syngenta, UPL, Liphatech Inc., JT Eaton, Neogen Corporation, Pelgar International, Senestech Inc., Bell Laboratories, and Impex Europa, Rentokil Initial Plc, Terminix, Ecolab, Anticimex, Rollins, Truly Nolen, and Abell Pest, among other domestic and global players, are among the major players covered in the anticoagulants rodenticides market report.

Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details included. The information provided above is only about the firms' emphasis on the anticoagulants rodenticides market.

Key Segments Covered in Anticoagulant Rodenticides Industry Survey

• By Product Type 

  • 1st Generation Anticoagulants
  • 2nd Generation Anticoagulants

• By Form 

  • Pellets
  • Blocks
  • Powders & Sprays

• By Application 

  • Agriculture
  • Pest Control Companies
  • Warehouses
  • Urban Centers
  • Household
  • Others

• By Regional 

  • North America
    • U.S.
    • Canada
    • Mexico
    • Europe
    • Germany
  • U.K.
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • South-East Asia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE