New Report: Rodenticides Market Worth $1.23 Billion by 2022

According to a new report titled "Rodenticides Market by Type (Non-Anticoagulant, Anticoagulant), End User (Agricultural Fields, Warehouses, Pest Control Companies, Urban Centers, Household Consumers), Mode of Application (Pellets, Sprays, Powders), and Region - Global Forecast to 2022" the market is projected to reach a value of USD $1.23 Billion by 2022 at a CAGR of 3.76% from 2016.

The market is driven by factors such as avoidance of disease transmission caused by rodents and increase in rodent population. The high growth potential in emerging markets and untapped regions provide new growth opportunities for the market players.

Non-anticoagulant rodenticides projected to be the fastest-growing segment, by type, from 2016 to 2022 

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 bromethalin, fluoroacetate, and fluoroacetamide that lead to paralysis and convulsions in rodents before death. These are more efficient in controlling the rodent infestation.

Pellets application segment projected to depict high potential for the Rodenticides Market 

Anticoagulant rodenticides are available in the form of grain-based pellets and in a variety of other formulations and colors. They are the most common types of rodenticides produced in the pellet form and used in the U.S. Rodenticide pellets are more efficient in controlling rodents, as pellets have direct impact causing suffocation and killing of rodents. The pellets usually aluminum, calcium, or magnesium phosphide for fumigation may also contain other chemicals which consist of ammonia, which helps to reduce the potential for spontaneous combustion or explosion of the phosphine gas.

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