The global rodenticides market was valued at USD 5.27 billion in 2022, with projections indicating a steady growth at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. Several key factors are driving this growth, including the increasing prevalence of diseases spread by pests, the rising rodent population, and the growing demand for effective pest control solutions. Additionally, the availability of natural rodenticides is helping to meet consumer preferences for eco-friendly options. Data from the 2019 American Housing Survey revealed that out of 124 million occupied homes in the United States, 14.8 million households reported seeing mice or rats indoors within a year. This statistic underscores the growing need for rodent control solutions.

One of the major drivers of market growth is the economic impact of rodent-related damage, particularly in agricultural fields. Rodents destroy crops, stored grain, and farming equipment, leading to significant losses. This concern is further compounded by the damage they cause in urban and residential environments, where they not only spread diseases but also cause destruction to property, such as electric wiring and walls. However, despite these drivers, the market faces challenges from growing environmental concerns about the harmful effects of chemical rodenticides on humans and other living organisms. These concerns have led to stringent regulations that govern the application of chemical rodenticides, particularly in North America and Europe. For example, in the United States, all pesticide products, including rodenticides, must be registered under the Environmental Protection Agency (EPA) before they can be sold to the public. The EPA regulates these products under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA).

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Application Segmentation Insights

In 2022, pest control companies dominated the market, accounting for 39.1% of total revenue. These companies provide essential services to a wide range of sectors, including hotels, homes, retail businesses, apartments, office complexes, food processing facilities, manufacturing plants, agricultural operations, warehouses, and the electronics industry. The damage caused by rodents, such as the contamination of food and the destruction of electric wiring and walls in both residential and commercial buildings, has created a significant demand for professional pest control services. As urban areas continue to expand and pest-related incidents increase, pest control companies are likely to see continued demand for their services.

The household segment is expected to witness the fastest growth, with a projected CAGR of 7.1% over the forecast period. This growth is largely driven by rapid urbanization and the increasing expansion of residential areas. As more people move into urban centers, the likelihood of rodent infestations rises. Cities provide ideal environments for rodents, offering abundant food sources and shelter, which leads to a greater demand for rodent control solutions in homes. The heightened awareness of the health risks associated with rodent infestations is another significant factor contributing to the growth of the household segment. Rodents are known to carry diseases that can be transmitted through direct contact or through their droppings, urine, or saliva. This poses serious health risks to homeowners, who are increasingly using rodenticides to eliminate these pests and prevent property damage.

The agriculture segment also accounted for a significant share of the rodenticides market in 2022. Rodents cause substantial damage to stored grains, farm equipment, and field crops, making them one of the most serious threats to global food security. Over the past few years, numerous countries have experienced losses in food and crops due to rodent infestations, further driving demand for rodenticides in the agriculture sector. This trend is expected to continue as farmers seek to protect their produce and equipment from rodent-related damage.

The warehouse segment is anticipated to experience notable growth during the forecast period. Rodents often seek shelter in man-made structures like warehouses to avoid temperature fluctuations. In these environments, they can cause significant damage to storage structures, stored goods, and containers. This has led to increased use of rodenticides in warehouses to prevent such damages. Additionally, the rise in urbanization has brought with it concerns about the transmission of infectious diseases, which are often spread by rodents. As a result, there is a growing demand for sanitation and hygiene in urban centers, driving the need for effective rodent control solutions. This rising awareness of public health issues related to rodents is expected to further fuel the demand for rodenticides in both urban and rural areas during the forecast period.

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