Rodenticides Market worth $900 Million by 2019, According to a New Study on ASDReports

Wednesday 10 September 2014, Amsterdam

The report, now available on ASDReports, “Rodenticides Market by Type (Anticoagulants, Non-Anticoagulants, and Others), by End User (Agricultural Field, Warehouses, Pest Control Companies, Urban Centers, and Others) & by Geography - Global Trends & Forecasts to 2019” defines the rodenticides market and segments it into agriculture & farming, pest control companies, urban center segments with analyses and projections of the market size of each of these segments, in terms of value. It also identifies the driving and restraining factors for the rodenticides market with an analysis of trends, opportunities, burning issues, and winning imperatives.

The rodenticides market is driven by growth in global demand for food grains and increase in farmer awareness to reduce food grain wastage due to rodents. The key market players adopt new product launches as their preferred strategy to sustain the competition in the market. The use of rodenticides as a part of integrated pest management programs has further driven the market.

In 2013, pest control companies were the largest end users for rodenticides. The Asia-Pacific market for rodenticides is projected to grow at the highest CAGR due to the emerging rodenticides markets such as China and India. The market is estimated to grow with the increase in demand for food grains.

The report includes development strategies and product portfolio of the leading companies. The company profiles of leading companies such as Syngenta AG (Switzerland), BASF SE (Germany), and Bayer CropScience (Germany) have been included in the report. Players in the rodenticides market constantly invest in R&D to introduce new rodenticide formulations to gain a competitive edge over others in the market.