Exploring Regional Trends in the Rodenticides Market: Key Growth Insights
In 2022, the global rodenticides market was valued at USD 5.27 billion, with a projected compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is driven by factors including the rising prevalence of rodent-borne diseases, a surge in the global rodent population, increasing demand for pest control, and the availability of natural rodenticide options. For example, the 2019 American Housing Survey revealed that out of 124 million occupied homes in the United States, 14.8 million reported rodent sightings within the past year, underscoring the demand for effective rodent control. Concerns about economic losses due to rodent damage in agriculture are further fueling demand. However, environmental concerns around chemical rodenticides and their potential adverse effects on humans and non-target species are expected to limit demand. In response, the use of these products is regulated under strict guidelines, especially in regions like North America and Europe. In the...