Monday, May 27, 2024

United States Rodenticides Market Set to Grow by CAGR Of 3.67%, Says Report

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Persistent need for effective pest control in urban and agricultural settings is expected to drive the United States Rodenticides Market growth in the forecast period, 2024-2028.

According to a report from TechSci Research titled Rodenticides Market – United States Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the United States Rodenticides Market recorded a value of USD 197.76 million in 2022. It is expected to experience a compound annual growth rate (CAGR) of 3.67% during the forecast period from 2024 to 2028. The United States Rodenticides Market is a crucial segment within the pest control industry, driven by factors such as urbanization, regulatory modifications, and evolving consumer preferences.

Rodents, primarily comprising rats and mice, pose substantial health and economic risks, thereby making rodenticides an essential component of pest control strategies. One of the primary drivers behind the growth of the United States Rodenticides Market is the rapid urbanization and expansion of commercial spaces. As cities and towns continue to grow, the potential for rodent infestations in densely populated areas increases. Urban environments offer rodents an abundance of food sources, shelter, and hiding spots, making them ideal breeding grounds. This urban sprawl has led to a rising demand for effective rodent control solutions, consequently boosting the rodenticides market.

The stringent regulations and safety standards governing the use of rodenticides have had a profound impact on the market. These regulations are in place to safeguard both humans and non-target species from the potential hazards associated with rodenticide use. Manufacturers are mandated to develop products that are environmentally safer and pose minimal risks to unintended targets, including pets and wildlife. This regulatory environment has driven innovation within the industry, resulting in the development of advanced and eco-friendly rodenticides.

Consumer preferences are evolving towards more humane and sustainable pest control methods. Traditional rodenticides, relying on lethal toxins, are gradually being replaced by non-lethal traps and bio-based rodenticides, offering a more compassionate approach to pest control. Many consumers are increasingly mindful of animal welfare and environmental sustainability, influencing their choice of rodenticide products.

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The adoption of Integrated Pest Management (IPM) practices has gained traction in recent years. IPM emphasizes a holistic approach to pest control, combining various methods such as prevention, monitoring, and treatment to manage pest populations effectively while minimizing the use of chemicals like rodenticides. This trend has led to an increased demand for rodenticides that align with IPM strategies, further fueling market growth.

The United States Rodenticides Market is categorized based on Type, Mode of Application, Rodent Type, End Use, Regional Distribution, and Company.

In terms of the Mode of Application, pellets emerged as the dominant segment in the United States market for rodenticides in 2022. Pellets typically have a lower risk of dispersal compared to sprays or powders, reducing environmental impact and aligning with eco-friendly pest control practices. Pellet-based rodenticides also offer a longer residual effect, reducing reapplication frequency and associated costs. Moreover, pellets are less likely to be accidentally ingested or inhaled by humans and pets, enhancing safety.

Regarding the End Use, the Urea segment was the dominant player in the United States market for rodenticides in 2022. The vast agricultural lands in the United States, producing a wide range of crops, provide ample food sources for rodents. As a result, rodenticides are frequently used in agriculture to protect valuable crops, with strict regulatory standards necessitating their use for quality and safety requirements.

When considering the Rodent Type, the rats and mice segment emerged as the dominant player in the United States market. Rats and mice are among the most common rodents in the United States and pose significant health, safety, and economic risks, leading to the high demand for rodenticides targeting them.

The Midwest region held the largest market share in the United States Rodenticides Market in 2022. The Midwest’s extensive agricultural landscape, coupled with seasonal changes that drive rodents to seek shelter in various structures, increases the demand for rodenticides in the region. Rodent damage to crops in this area can result in substantial economic losses, prompting the need for effective rodent control measures.

Key companies operating in the United States Rodenticides Market include:

  • BASF SE,
  • Bayer AG,
  • Rentokil Initial PLC,
  • Neogen Corporation,
  • Bell Laboratories Inc.,
  • Liphatech Inc,
  • Impex Europa,
  • Syngenta AG,
  • PelGar International,
  • JT Eaton.

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In conclusion, the United States Rodenticides Market is poised for significant growth due to persistent rodent infestations in urban and rural areas, evolving consumer preferences for humane and eco-friendly solutions, regulatory changes driving innovation, and the expansion of urban centers and commercial spaces requiring pest control. This insight was provided by Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm.

TechSci Research’s report, “United States Rodenticides Market – Segmented By Type (Anticoagulant, Non-anticoagulant), Mode of Application (Pellet, Spray, Powder), Rodent Type (Rat, Mice, Chipmunk, Hamster, Others), End Use (Agricultural Fields, Warehouses, Urban Centers), Region, Competition, Opportunity, and Forecast, 2018-2028,” assesses the future growth potential of the United States Rodenticides Market, providing statistics and information on market size, structure, and future growth. The report aims to offer cutting-edge market intelligence to assist decision-makers in making informed investment decisions. Furthermore, it identifies and analyzes emerging trends, essential drivers, challenges, and opportunities in the United States Rodenticides Market.

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