Rodenticide Market Forecast 2023-2032: Market Size, Drivers, And Trends
The Rodenticide Global Market Report 2023, provides comprehensive information on the rodenticide market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Rodenticide Market’s Growth:
https://www.thebusinessresearchcompany.com/report/rodenticide-global-market-report
As per The Business Research Company’s Rodenticide
Global Market Report 2023, the market size grew from $5.94 billion in 2022 to
$6.45 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The
Russia-Ukraine war disrupted the chances of global economic recovery from the
COVID-19 pandemic, at least in the short term. The war between these two countries
has led to economic sanctions on multiple countries, a surge in commodity
prices, and supply chain disruptions, causing inflation across goods and
services, and affecting many markets across the globe. The market size of
global rodenticide is expected to grow to $8.87 billion in 2027 at a CAGR of
8.3%.
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Product innovation has emerged as a key
trend gaining popularity in the rodenticide market. Major companies operating
in the rodenticide sector are focused on developing innovative rodenticides
that control rodent infestations effectively to sustain their position in the
market. For instance, in April 2021, BASF SE, a German chemicals company
launched an innovative rodenticide to address super-rat resistance in the UK.
It is a new bait that is effective in limiting infestations of super-rats –
rodents unaffected by anticoagulants. The new product is made from the active
ingredient cholecalciferol that causes death from hypercalcaemia. It avoids
wastage in farms, preventing further contamination and spread of disease.
The rodenticide
market is segmented:
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Americas: +1 315 623 0293
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