( MENAFN - Evertise Digital) -< /> A newly released report from SNS Insider indicates a significant expansion of the Rodenticides Market . The market, valued at USD 5.53 billion in 2023, is projected to reach USD 8.
68 billion by 2031, demonstrating a Compound Annual Growth Rate (CAGR) of 5.7% throughout the forecast period (2024-2031). The insidious threat posed by rats and mice to global public health and food supplies is a primary factor driving the rodenticide market.
Rodents are carriers of numerous severe diseases, including plague, typhus, and Hantavirus, creating an urgent need for effective control measures. Moreover, the considerable economic damage caused by rodents in homes, commercial spaces, and particularly agricultural fields, further fuels the demand for rodenticides. The increasing adoption of integrated pest management (IPM) practices, which emphasize long-term prevention and targeted control, is another major contributor to market growth.
Get a Report Sample of Rodenticides Market @ Some of the Key Players Included are: The major key players are Bayer AG, Syngenta, BASF SE, Anticimex, UPL Ltd., Rollins, Abell Pest Control, Truly Nolen, Liphatech Inc., JT Eaton, Pelgar International, Neogen Corporation, Bell Laboratories, Senestech Inc.
, Ecolab, Impex Europa, Rentokil Initial Plc, Terminix, and other key players mentioned in the final report. Market Analysis The global rodenticides market faces certain challenges, most notably the environmental concerns and .