Rise in urbanization coupled with exponential growth of population, changes in climatic conditions, and easy availability of rodent control products & services drive the global rodent control market
PORTLAND, Oregon, April 21, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Rodent Control Market by Type (Chemical, Mechanical, Biological, and Others) and Application (Commercial, Residential, Agriculture, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027" According to the report, the global rodent control industry garnered $2.4 billion in 2019, and is estimated to generate $3.9 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027.
Prime determinants of growth
Rise in urbanization coupled with exponential growth of population, changes in climatic conditions, and easy availability of rodent control products and services drive the global rodent control market. However, stringent regulations and ban on the use of chemical-based rodent control hinder the market growth. On the other hand, R&D activities to develop bio-based rodenticides create new opportunities in the market.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6518
The chemical segment to continue its lead position during the forecast period
Based on type, the chemical segment held the highest market share in 2019, contributing to more than one-third of the global rodent control market, and is estimated to continue its lead position during the forecast period. Industry players are focusing on providing a comprehensive product portfolio that includes less toxic rodent control chemicals, maintaining safety standards of the Food Quality Protection Act which drives the growth of the segment. However, the biological segment is expected to witness the highest CAGR of 7.3% from 2020 to 2027. Research firms are actively working on different projects to develop new species of pathogens for rodent prevention, which makes it the fastest-growing segment.
The residential segment to maintain its dominant position in terms of revenue by 2027
Based on application, the residential segment contributed to the highest market share in 2019, accounting for nearly one-third of the global rodent control market, and is expected to maintain its dominant position in terms of revenue by 2027. Surge in building construction activities in developing areas and government initiative for rodent control in various regions have propelled the growth of the segment. However, the commercial segment is expected to register the highest CAGR of 6.8% during the forecast period. Increase in use of chemical and mechanical methods to eradicate rodents in hospitals, households, farms, and restaurants has significantly fueled the growth of the market.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6518
North America to rule the roost
Based on region, the North America region contributed the major market share, accounting for nearly half of the total share of the global rodent control market in 2019, and is estimated to maintain its dominance during the forecast period. The strengthening of the housing market, steadily improving economy, and government initiatives such as vector control programs have fueled the market growth. On the other hand, the Asia-Pacific region is estimated to register a CAGR of 7.5% from 2020 to 2027. This is owing to the expansion of agricultural lands and the number of organic food producers in China and India.
Leading market players
- Syngenta AG
- Senestech Corporation
- Anti cimex
- BASF SE
- Bayer AG
- Ecolab Inc.
- Neogen Corporation
- PelGar International
- Rentokil Initial Plc
- Rollins Inc.
Interested in Procuring this Report? visit: https://www.alliedmarketresearch.com/rodent-control-market/purchase-options
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
SOURCE Allied Market Research