Rohtak News Magazine

Top Driving Factors of Rodenticides Market with leading Key Players – BASF SE, Bayer AG, Syngenta, Rentokil Initial PLC

 Breaking News
  • No posts were found

Top Driving Factors of Rodenticides Market with leading Key Players – BASF SE, Bayer AG, Syngenta, Rentokil Initial PLC

August 23
21:36 2022
Top Driving Factors of Rodenticides Market with leading Key Players – BASF SE, Bayer AG, Syngenta, Rentokil Initial PLC
MarketsandMarkets™
The Asia Pacific market is completely driven by the country markets of China, India, Japan, Australia, Thailand, Indonesia, and few other Asian counties. As the world’s largest and most populous region, Asia Pacific is one of the key markets for rodenticides. Rodents are common pests present in agricultural fields.

The Rodenticides Market is estimated to be valued at USD 5.3 billion in 2022. It is projected to reach USD 7.1 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rodenticides market is witnessing significant growth due to the rise in economic activities, an increase in residential and commercial construction activities, and the growth in awareness of public and environmental health.

Rodenticides Market

According to the National Pesticide Information Center (US), ‘Rodenticides are pesticides that kill mice and rats.’ Even though rodents play an important role in nature, they are increasingly required to be controlled, as they damage crops, transmit diseases, and in some cases, cause ecological damage. Rodenticides are formulated as baits, which are designed to attract rodents.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=189089498

Key players in this market include Basf Se(Germany), Bayer Ag(Germany), Syngenta Ag(Switzerland), UPL Limited(India) & Neogen Corporation(US)

BASF SE is a leading company that produces a wide range of chemical products. It operates via six business segments, namely chemicals, industrial solutions, materials, nutrition & care, surface technologies, and agricultural solutions. BASF’s agricultural solutions segment includes functional crop care, biotechnology, turf, ornamentals and landscape, pest control, and animal nutrition. BASF uses innovative active ingredients and technologies in a wide range of pest control products to eradicate pests, such as bed bugs, termites, ants, flies, and rats. It offers innovative formulations of insecticides and rodenticides that are comparatively effective. The company has a global presence in regions, such as Asia Pacific, North America, Europe, South America, Africa, and the Middle East. In Nov 2020, BASF SE (US) launched Selontra rodent bait in Europe. It is a soft bait formulation based on the active ingredient, cholecalciferol, which makes the product three times more effective than the standard anticoagulant rodenticides.

Bayer AG is a global leader in agriculture research and solutions; it operates through four segments—pharmaceuticals, consumer health, crop science, and animal health. It also supplies high-quality food products, feed, and plant-based raw materials, and helps in promoting the sustainable use of natural resources. It also offers herbicides, corn seed & traits, soybean seed & traits, insecticides, fungicides, vegetable seeds, and digital agriculture solutions. Bayer AG’s subsidiary, Bayer CropScience, is involved in the development of crop protection, non-agricultural pest control, and plant biotechnology. The company produces highly palatable and fast-acting rodenticides, which are designed for professional use. These rodenticides are highly effective against all types of rodents. It has a presence in over 120 countries across the globe. The company primarily operates in Europe and has an active presence in North America, Latin America, Africa, the Middle East, and Asia Pacific. In Aug 2019, Bayer entered into a partnership with UrbanClap (India), which would facilitate the pest control products for UrbanClap for effective and safe pest management solutions for consumers in the residential segment.

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=189089498

The regional rodenticides market of North America is dominated by the US market. In North America, the US reports the highest pest-related cases and also avails the maximum number of pest control services in the region. The population of rodents in the US is the highest, in comparison to Canada and Mexico, and the population is set to increase in the coming years due to the conducive environmental conditions. The favorable climatic conditions are also boosting the expansion of the rodents population in these countries. In addition, the losses incurred from rodents in North America are comparatively higher than in other developing regions. Hence, the consumption of rodenticides is encouraged and remains high in the region. The high growth of the housing industry and a steady increase in the improvement of the economic growth are the key factors that are projected to encourage the growth of the overall pest control market, and thereby drive the rodenticides market growth in North America.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/rodenticides-market-189089498.html

Related Articles