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Rodenticides Market Interesting Facts, I Bet You Never Knew About This in 2020
Rodenticides Market Interesting Facts, I Bet You Never Knew About This in 2020
The global rodenticides market is set to gain momentum from the increasing contamination of food items

The global rodenticidesmarket is set to gain momentum from the increasing contamination offood items. Rodents are capable of contaminating around ten times the amount offood that they consume. Sometimes, it is much more. This information is givenby Fortune Business Insights™ in a recentreport, titled, “Rodenticides Market Size, Share & Industry Analysis, By Type(Anticoagulant and Non-anticoagulant), Form (Pellets, Powders, Sprays, andOthers), Application (Agricultural Fields, Warehouse, Pest Control Companies,and Others), and Regional Forecast, 2020 – 2027.” The report further states that the rodenticides market size was USD 2.04 billion in 2019 and isprojected to reach USD 2.66 billionby 2027, exhibiting a CAGR of 3.46% during the forecast period (2020-2027).

COVID-19 Impact Analysis:

The emergence of COVID-19 hasbrought the world to a standstill. We understand that this health crisis hasbrought an unprecedented impact on businesses across industries. However, thistoo shall pass. Rising support from governments and several companies can helpin the fight against this highly contagious disease. Some industries arestruggling and some are thriving. Overall, almost every sector is anticipatedto be impacted by the pandemic.

We are taking continuous efforts tohelp your business sustain and grow during COVID-19 pandemics. Based on ourexperience and expertise, we will offer you an impact analysis of coronavirusoutbreak across industries to help you prepare for the future.

Segment:

Anticoagulant Segment to Grow Rapidly Backed by High Demand fromAgriculture Sector

Based on type, the market isbifurcated into non-anticoagulant and anticoagulant. The anticoagulant segmentheld 75.54% rodenticides market share in 2019. They are used at a large scaleas they provide the rodents with painless deaths by preventing their blood fromcoagulating. They are also less toxic to other animals, as well as humanbeings. They are highly demanded from the agricultural sector across the globe.Hence, this type of rats and mice pest control would be sold more in the nearfuture.

Regional Analysis-

Increasing Number of Residential Societies to Drive Growth in NorthAmerica

In terms of geography, the marketis divided into Asia Pacific, South America, North America, the Middle East andAfrica, and Europe. Out of these, North America procured USD 692.58 millionrevenue in 2019. It is set to dominate the market in the near future. Thisgrowth is attributable to the rising number of residential societies in thisregion. Coupled with this, the increasing demand for rodent control products andservices would contribute to the market growth in this region.

Asia Pacific, on the other hand, isexpected to showcase rapid growth during the forecast period backed by theever-increasing population, especially in the developing countries, such as Indiaand China. Most of the people are engaged in agriculture in these countries.The growing population is urging the farmers in providing the maximum yield tofulfil the unmet needs. The production is lowering because of rodent attacks.Hence, such attacks need to be reduced. Also, rodenticides are easy-to-use,cheap, and are very effective. These factors are increasing their popularity inthis region.

Browse More Insights into the Rodenticides Market Research Report: 

https://www.fortunebusinessinsights.com/rodenticides-market-102826