The Europe Rodenticides Market was worth USD 250 million in 2016 and is projected to be growing at a CAGR of 5.77%, to touch USD 340 million by 2021.
Pest Control Agencies are among the major users. Rodenticides are also expansively used in agricultural fields, green houses as well as warehouses
Growing demand to protect crops as well as food grains is expected to have a positive effect on the market over the forecast period. The growing agriculture sector in emerging nations such as China, India, and Brazil is expected to boost the market growth in the region.
Rising demand for pesticides due to expanding agriculture sector is expected to majorly drive the market over the next seven years.
Toxicity of rodenticides on humans and animals has been a key factor restraining the growth of the market.
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The Europe Rodenticides market is segmented based on Type, Mode of Application, and End User. The market for Rodenticides, on the basis of Type is segmented into Non-Anticoagulant and Anticoagulant.
On the basis of Mode of Application, the Europe Rodenticides Market is segmented into Pellets, Powders and Sprays. On the basis of End Use it is segmented into Agricultural Fields, Urban Centres, Warehouses, Pest Control Companies and Household Consumers.
The non-anticoagulant rodenticides segment is projected to grow at the highest CAGR from 2016 to 2022. These rodenticides are referred to as acute toxicants.
The metabolic poisons include fluoroacetamide, bromethalin and fluoroacetate, that lead to paralysis and convulsions in rodents before death. These are more efficient in controlling the rodent infestation.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. The rodenticides market in Europe has had a stationary growth in the past few years due to strict regulations passed by the European government on the use of rodenticides.
However, in recent times, low concentrated rodenticides that are less harmful are being introduced in the European market which is expected to drive the rodenticides market growth in this region.
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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.
The major companies are aggressively pursuing supply contracts to expand consumer reach and increase market presence. Some key players operating in the 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.
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