Rodenticides Market Analysis, Growth, Share, Industry Overview, & Forecast to 2025

The report "Rodenticides Market by Type (Non-Anticoagulants, Anticoagulants (FGAR, SGAR)), End-Use Sector (Agricultural Fields, Warehouses, Urban Centers (Residential, Commercial)), Mode of Application (Pellets, Sprays, Powders), and Region - Global Forecast to 2025", is projected to reach USD 5.9 billion by 2025, from USD 4.7 billion in 2019, at a CAGR of 3.7% during the forecast period. The market is driven by factors such as urbanization and industrialization, along with public awareness about chemical-based rodenticides.

Increasing residential and commercial settings due to the migration of people from rural areas, resulting in the displacement of rats, is one of the major factors affecting the growth of the rodenticides market during the forecast period.

Rodenticides are used for the purpose of killing and repelling rodents from the areas susceptible to damages caused by rats in commercial settings, residential spaces, agricultural fields, and warehouses. People migrating from rural areas to urban centers triggered the rats to displace from their places, and these rats or rodents found their homes near to humans. This created the need for using rodenticides to get rid of these rodents. Furthermore, the increasing awareness among people and the consciousness towards health and hygiene also encouraged them to make use of the rodenticides.

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By type, the anticoagulants segment dominated the rodenticides market in 2018

Across the majority of the developed nation’s pesticide registry, anticoagulant rodenticides are the most widely approved products in the market. Active ingredients, such as bromadiolone and brodifacoum, have gained increased popularity among pest control operators for urban application. Thus, the anticoagulants segment dominated the overall rodenticides market, by type, due to the excessive use of second-generation anticoagulants. With the continuous use of first-generation anticoagulants, rodents developed resistance against the active ingredients, which, in turn, led to the development of second-generation anticoagulants. These are majorly being used for killing the rodents due to their efficacy to kill them in a single dose. However, there have been instances of resistance against second-generation anticoagulant rodenticides, and hence, research on better and efficient active ingredients has been taken up by the key manufacturers.

North America is projected to dominate the rodenticides market by 2025

The rodenticides market was dominated by North America in 2018 and is also projected to witness significant growth during the forecast period. This is due to the growing concerns of rodent attacks in the US. According to the Washington Post Company LLC (US), there were about 2 million New York City rats in 2014. According to Rentokil Initial Plc (UK), there are over 20,000 pest control service companies in North America; Orkin, Terminix, Rentokil, and Ecolab occupy a significant share in the market. Among all the pests, according to the same report, rodents were responsible for over 29% of pest incidents in America in 2017, 35% of which were from the North-Eastern region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of the companies in the rodenticide product market. These include BASF SE (Germany), Bayer (Germany), Syngenta (Switzerland), UPL (India), Liphatech Inc. (US), JT Eaton (US), Neogen Corporation (US), Pelgar International (UK), Senestech Inc. (US), Bell Laboratories (US), and Impex Europa (UK). The key players profiled under the rodenticide service market include Rentokil Initial Plc (UK), Terminix (US), Ecolab (US), Anticimex (Sweden), Rollins (US), Truly Nolen (US), and Abell Pest Control (Canada).

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Recent Developments:

• In January 2019, Turner Pest Control (US), a Jacksonville-based Anticimex company acquired Brandon Pest Control (US). It is a USD 8 million company that deals with pest control service provision. The acquisition is part of the company’s aggressive growth strategy. 
• In April 2018, BASF (US) launched Selontra rodent bait, a soft bait formulation. This is a cholecalciferol-based rodenticide, which helps the professionals for rodent control.

Critical questions the report answers:

• Where will all these developments take the industry in the mid-to-long term?
• What are the upcoming commercial prospects for the rodenticides market?
• What is the impact of high capital investment on the rodenticides market?
• What are the new technologies and active ingredients introduced in the rodenticides market?
• What are the latest trends in the rodenticides market?

Smart Harvest Market Projected to Reach $15.6 Billion by 2023

The report "Smart Harvest Market by Site of Operation (On-field, Greenhouse, Indoor), Component (Harvesting Robots, Automation & Control Systems, Imaging Systems, Sensors, Software), Crop Type (Fruits and Vegetables), and Region - Global Forecast to 2023"The smart harvest market is projected to reach USD 15.6 billion by 2023, from USD 9.0 billion in 2018, at a CAGR of 11.81% during the forecast period. The market is driven by factors such as growing farm labor issues due to higher costs and availability, and cost efficiency benefits offered by smart harvest systems.

Harvesting robots are projected to have the fastest growth among hardware in the smart harvest market during the forecast period.

Harvesting is one of the important phases of farming and requires great amount of bending and lifting through manual labor. Additionally, labor shortage affects the overall yield output. To cater to this issue, manufacturers have introduced autonomous harvesting robots that harvests fruits and vegetables with little or no human intervention. Although majority of the manufacturers have harvesting robots in the testing phase and are designed to harvest limited fruits and vegetables, however, these smart harvest robots are expected to launch in the market for sales during the forecast period, with enhanced functionalities. With increasing labor shortage and need to reduce labor costs, the demand for smart harvesting robots is projected to be high and witness highest growth during the forecast period. 

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By site of operation, indoor segment is estimated to dominate the smart harvest market in 2018.

The indoor segment includes container farming and vertical farming, which requires a controlled environment. The systems are reliant on multiple sensors installed throughout to understand the surroundings and navigate across the work area. High-resolution multi-spectral cameras and imaging sensors observe and monitor the produce to determine the time for harvest. Given the substantial growth of indoor farming practices, it is expected to pose strong growth opportunities for smart harvest systems over the next decade.

Europe is projected to dominate the smart harvest market by 2023.

The smart harvest market in Europe is projected to witness significant growth during the forecast period due to the prospect of increasing production, labor shortage issues, development of smart technologies, and their adoption in agriculture. The developed countries in the European Union are in the forefront of adopting smart harvest technologies in a bid to improve the production output and reduce the costs associated with harvesting. Additionally, the development of smart harvest technologies is being actively encouraged, driven by both public and private programs to bring about the commercialization of these technologies. Projects such as the CROPS (Clever Robots for Crops), SWEEPER (Sweet Pepper Harvesting Robot), and the Handsfree Hectare project highlight the industry efforts to develop and commercialize the deployment of smart harvest systems in the region.

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This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Robert Bosch GmbH (Germany), Deere & Company (US), Smart Harvest Ltd. (UK), Dogtooth Technologies (UK), Harvest Automation (US), Panasonic Corporation (Japan), Root AI (US), Abundant Robotics (US), Iron Ox (US), Agrobot (Spain), Energid Technologies Corp. (US), FFRobotics (Israel), Vision Robotics Corp. (US), Metomotion (Israel), AVL Motion (Netherlands), and Harvest Croo (US).

Critical questions the report answers:

• Where will all these developments take the industry in the mid to long term?
• What are the upcoming commercial applications for smart harvest robots?
• What is the impact of the indoor farming industry on smart harvest?
• What are the new technologies being introduced in smart harvest?
• What are the latest trends in smart harvest?