GVR Report cover Anticoagulant Rodenticides Market Size, Share & Trends Report

Anticoagulant Rodenticides Market Size, Share & Trends Analysis Report By Product Type (1st Generation, 2nd Generation), By Form (Pellets, Blocks), By Application, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Dec, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-589-7
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 105

Report Overview

The global anticoagulant rodenticides market size was valued at USD 656.6 million in 2020 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2028. The demand for the product is anticipated to be driven by increased demand for rodent control, the prevalence of rodent-related diseases, and the rising rodent population. The market is highly competitive owing to the increasing demand for rodent control products from major applications including agriculture, pest control, household, and others. Large manufacturers including BASF SE, Syngenta Crop Protection AG, BAYER AG, and others are expanding their product portfolio by developing baits, sprays, and powders with different concentrations of active ingredients.

U.S. anticoagulant rodenticides market size, by product type, 2018 - 2028 (USD Million)

Rodents eat everything, including grass, grains, seeds, plants, fruits, and scraps and waste. While some rodents are carnivores, a majority of them are seed eaters. Spraying on anticoagulant rodenticides is not considered safer as compared to powdered, pellets, or other forms, as it increases the chances of secondary poisoning in birds, and humans.

These products are used in agriculture applications, urban centers, and households, as well as by pest control companies and warehouses. The rising demand for rodenticides to control the rodent population is expected to drive the growth of the market for anticoagulant rodenticides over the forecast period. Increased demand for rodent control, the prevalence of rodent-related diseases, risen rodent population, and the availability of natural rodent control products are anticipated to fuel the growth of the market globally during the forecast period.

Increasing global concerns for food security result in rising demand for surged agricultural yields and efficient cultivation practices with the employment of new and advanced mechanisms. 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.

Product Type Insights

The 2nd generation segment dominated the market for anticoagulant rodenticides and accounted for the largest revenue share of 59.2% in 2020. This is attributed to the product’s single feeding ability as compared to multiple feedings in 1st generation anticoagulants. 2nd generation anticoagulant rodenticides are also referred to as single-dose anticoagulants. At present, brodifacoum, flocoumafen, bromadiolone, difenacoum, and difethialone are the registered active constituents of 2nd generation anticoagulant rodenticides.

Additionally, 2nd generation anticoagulant rodenticides are slower to break down as compared to 1st generation anticoagulant rodenticides as well as to non-target animals as they pose a higher risk of secondary poisoning. As a result, the demand for 1st generation anticoagulant rodenticides is expected to increase over the forecast period due to their lower toxicity as compared to 2nd generation anticoagulant rodenticides.

Currently, three active constituents of 1st generation anticoagulant rodenticides are registered for use in Australia. Diphacinone, coumatetralyl, and warfarin are approved and accepted by the Australian Pesticides and Veterinary Medicines Authority for utilization in and around industrial, agricultural, commercial, and domestic buildings. Coumatetralyl is approved for use on crops but only for use as part of a comprehensive rodent control program in covered bait stations.

Form Insights

The block form segment dominated the market for anticoagulant rodenticides and accounted for the largest revenue share of more than 47.0% in 2020. This high share is attributed to its ability to resist the changing climatic conditions that make them suitable for outdoor usage. Moreover, the habit of rodents nibbling hard objects is further expected to drive the demand for block anticoagulant rodenticides during the forecast period.

As compared to powders and sprays, the products in the form of pellets are more suitable as they offer effective control against mice and rats and are resistant to changing environments. With rapid urbanization and the spread of rodents in cities, specifically in residential and commercial areas, the usage of pellet anticoagulant rodenticides is anticipated to grow across the world over the forecast period.

Furthermore, the products available in crystalline or powdered form, also known as tracking powder, are slightly soluble in water. Powdered form anticoagulant rodenticides are not used in ventilation ducts as they spread in the form of particles into the air and hence, can lead to the contamination of surfaces of food and items.

Application Insights

The pest control companies segment dominated the market and accounted for the largest revenue share of 36.4% in 2020. Its high share is attributable to the increasing rodent population coupled with the rising awareness regarding high hygiene standards. Pest control companies offer their products and services to various customers including commercial offices, residential, and agriculture. Pest management services mainly include taking preventive actions for controlling the growing population of rats and mice.

Global anticoagulant rodenticides market revenue share, by application, 2020 (%)

Rodents can cause serious damage to food products. They damage crops and are responsible for transmitting over 60 diseases to humans, pets, and livestock. Rodents infect stored grains as well as crop yield. The damage can lead to food shortages and crop loss across the globe. They can damage various crops by gnawing, contamination, and spoilage. These factors are, therefore, likely to propel the demand for anticoagulant rodenticides over the forecast period.

The rising disposable income of middle-class families in the emerging economies globally is the major reason behind urbanization. With the growing urbanization, the water transportation system and its infrastructure face serious infestation problems. Therefore, the rising awareness regarding controlling the population of rodents in urban areas is likely to drive the demand for anticoagulant rodenticides over the forecast period.

Regional Insights

North America dominated the anticoagulant rodenticides market and accounted for the largest share of 31.8% in 2020. This is attributed to the rising awareness regarding the increased population of rodents coupled with concerns regarding safety around farms, commercial and residential buildings, and warehouses and controlling agricultural field rodents in countries such as the U.S., Canada, and Mexico.

These products used in the U.S. are categorized as acute rodenticides, first-generation anticoagulants, and second-generation anticoagulants based on the toxicity level and mode of action. An increase in the number of rodents across various cities including Chicago, New York City, San Francisco, Los Angeles, and Washington D.C. coupled with growing awareness regarding the diseases spread by rodents is anticipated to drive the demand for the product over the forecast period.

New EU regulations have restricted the external use of rodent control products for rats. Only professionals are allowed to use these products following the risk analysis; its implementation varies from country to country. Such factors are likely to increase the demand for services provided by pest control companies. Increasing demand for pest control services and the presence of a large number of pest control companies are likely to drive the market in the region over the forecast period.

Key Companies & Market Share Insights

The competition in this market is highly dependent on the product mix, the number of sellers, and geographical location. The products manufacturers are engaged in continuous R&D to develop numerous active ingredients to be used in the formulation of anticoagulant-based rodent control products. In May 2021, BASF SE launched an anticoagulant rodenticides product named Leo Miao to control rodents for the livestock industry.

Manufacturers are focusing intensely on improving their product portfolios along with the introduction of natural products aimed at keeping pace with future requirements for sustainable development. Some prominent players in the anticoagulant rodenticides market include:

  • BASF SE

  • Bayer AG

  • Rentokil Initial plc

  • Liphatech, Inc.

  • PelGar International

  • Syngenta Crop Protection AG

  • NEOGEN Corporation

Anticoagulant Rodenticides Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 680.42 million

Revenue forecast in 2028

USD 849.2 million

Growth Rate

CAGR of 3.3% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in tons, revenue in USD million, and CAGR from 2021 to 2028

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product type, form, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; Italy; France; Spain; Russia; China; India; Japan; South Korea; South-East Asia; Brazil; Argentina; Saudi Arabia; South Africa; UAE

Key companies profiled

BASF SE; Bayer AG; Rentokil Initial plc; Liphatech, Inc.; PelGar International; Syngenta Crop Protection AG; NEOGEN Corporation

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global anticoagulant rodenticides market report on the basis of product type, form, application, and region:

  • Product Type Outlook (Revenue, USD Million; Volume, tons; 2017 - 2028)

    • 1st Generation Anticoagulants

    • 2nd Generation Anticoagulants

  • Form Outlook (Revenue, USD Million; Volume, tons; 2017 - 2028)

    • Pellets

    • Blocks

    • Powders & Sprays

  • Application Outlook (Revenue, USD Million; Volume, Tons; 2017 - 2028)

    • Agriculture

    • Pest Control Companies

    • Warehouses

    • Urban Centers

    • Household

    • Others

  • Regional Outlook (Revenue, USD Million; Volume, Tons; 2017 - 2028)

    • 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

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