Anticoagulant Rodenticides Market Size Worth $849.2 Million By 2028: Grand View Research, Inc.

Anticoagulant Rodenticides Market Size Worth $849.2 Million By 2028: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Jan. 11, 2022

SAN FRANCISCO, Jan. 11, 2022 /PRNewswire/ -- The global anticoagulant rodenticides market size is expected to reach USD 849.2 million by 2028, as per a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2021 to 2028. The growth is majorly driven by rising demand for rodent control products to control the growing rodent population and efforts to prevent diseases caused by them.

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Key Insights & Findings from the report:

Read 105 page market research report, "Anticoagulant Rodenticides Market Size, Share & Trends Analysis Report By Product Type (1st Generation, 2nd Generation), By Form (Pellets, Blocks), By Application, By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

The future growth of 1st and 2nd generation anticoagulant rodenticides, both in terms of volume and revenue, is highly dependent on the awareness among consumers regarding the safety of the products and government regulations. 2nd generation anticoagulant rodenticides, also known as single-dose anticoagulants, are highly preferred by consumers around the world owing to their superior potency as compared to 1st generation anticoagulant rodenticides.

These products are majorly used in agricultural applications and households, as well as by pest control companies and warehouses. The demand pattern for these products for various end-use applications is highly dependent on the regional regulations imposed by the government considering the toxicity as well as efficiencies. As the global supply of staples such as wheat, rice, and coarse grains has been on the rise, it is expected to result in increased consumption of the product across the world over the forecast period.

Shut down of warehouses consisting of food products, electronic goods, and others along with disruptions in production and sales of rodent control products amid COVID-19 lockdown resulted in serious economic losses. However, a complete recovery of the market is expected by the end of the fourth quarter of 2021, and the stabilization of the global industrial sector will also reflect an increasing demand for rodent control products.

Market Segmentation:

Grand View Research has segmented the global anticoagulant rodenticides market on the basis of product type, form, application, and region:

List of Key Players of Anticoagulant Rodenticides Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


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