Global Rodenticides Market will reach 1620 million US$ by the end of 2025
Published Date: 2019/5/8
Rodenticides are pesticides that kill rodents. Rodents include not only rats and mice, but also squirrels, woodchucks, chipmunks, porcupines, nutria, and beavers. Although rodents play important roles in nature, they may sometimes require control. They can damage crops, violate housing codes, transmit disease, and in some cases cause ecological damage.
Asia Pacific is the largest consumer of Rodenticides and is expected to retain the higher growth rate during the next five years due to strong growth in agriculture industry. China and India have witnessed a major chunk of the production and consumption of Rodenticides in the Asia Pacific region.
The leading manufactures mainly are UPL, Basf, Liphatech, Bayer Cropscience and Senestech. UPL is the largest manufacturer; its revenue of global market exceeds 9.5% in 2016. The next is Basf and Liphatech.
The global Rodenticides market is valued at 1140 million US$ in 2017 and will reach 1620 million US$ by the end of 2025, growing at a CAGR of 4.5% during 2018-2025.
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