The Rodenticides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Rodenticides Market is estimated to be USD 0.95 billion in 2016 and predicted to rise to USD 1.21 billion by 2021 with a CAGR of 3.9%. The market is segmented by Type (Non-Anticoagulant, Anticoagulant), by Mode of Application (Pellets, Powders, Sprays), by End User (Agricultural Fields, Urban Centers, Warehouses, Pest Control Companies, Household Consumers. Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The population driven agricultural growth which results in rising demand for pesticides will be driving the market for the next seven years. Also, farmers and horticulturists are becoming increasingly aware about the severe impact of rodents on crops and the evolution of farming techniques is expected to support the growth of the market. The likely restraints on the market are projected to be strict governmental regulations, toxicity of rodenticides and soil contamination as a result of rodenticide usage. (80-100 words).
Non-anticoagulant rodenticides segment is projected to be the fastest-growing due to higher efficiency of rodent infestation control. The bio-rodenticides segment of the market is on a rapid growth due to increasing demand to counter the stringent government rules and regulations. By application, the pellets segment is expected to top the market.
Geographically, Asia-Pacific is projected to show the highest growth potential because it includes rising economies like India and China. These countries have substantial land availability to grow crops. Urbanization and rapid technological growth in the agricultural sector is a major contributing factor here.
Companies such as Syngenta, BASF and Bayer Crop Science have been involved in R&D to develop non-toxic rodenticides. The above is expected to open new possibilities to market participants and provide them with competitive gain. Supply contracts to expand consumer reach and increase market presence are being actively pursued by key players in the market. The major players operative in the global market include BASF SE, Bayer Crop Science, Neogen Corp., Impex Europa S.L., J.T. Eaton & Co., Liphatech, Pelgar International, Syngenta SA, and UPL Limited.
Browse through the full report at http://www.marketdataforecast.com/market-reports/global-rodenticides-market-2631/ and checkout our recent reports in the Agrochemicals category at http://www.marketdataforecast.com/subcategory/agrochemicals-8/ For more insights and up-to-date industry news don’t forget subscribing to our newsletters.