REPORT HIGHLIGHT
Bromadiolone Market size was valued at USD 430.6 Million in 2022, expanding at a CAGR of 6.3% from 2023 to 2030.
A chemical substance is called bromadiolone. It is also a very effective rodenticide since it is used to reduce rodent populations, especially mice and rats. It is a rodenticide that belongs to the anticoagulant class and works by preventing blood from clotting correctly. When a mouse consumes bromadiolone, it affects the rodent's capacity to recycle vitamin K. This vitamin is essential for the process of blood coagulation. Rodents begin experiencing internal bleeding as a result of this interference, which ultimately results in their death. Usually, it is used as bait in the shape of blocks or pellets, which may be conveniently placed in rodent-infested areas.
Bromadiolone Market - Market Dynamics:
- Escalating rodent infestation drives market growth
- The growing occurrence of rodent infestation throughout the world is anticipated to fuel growth in the worldwide bromadiolone market. Worries about a rat and mouse infestation have grown as a result of several societal reasons. Rats' major motivation for invading homes is to locate a warm place to live, especially during the winter months. Urbanization and the booming construction sector have caused environmental degradation that has started to draw wild rats into urban households. Additionally, rats are responsible for storing food in burrows in agricultural areas, which causes soil erosion, water canal damage, and adverse effects on agricultural output. According to reports made by the American Chemical Society, rodents like mice and rats alone contaminate water supplies with their stool and urine, causing roughly 20% of the world's food supply to deteriorate. Thus, the aforementioned stats are expected to propel the market growth during the forecast period.
Bromadiolone Market - Key Insights:
- As per the analysis shared by our research analyst, the global Bromadiolone market is estimated to grow annually at a CAGR of around 6.3% over the forecast period (2023-2030).
- The Bromadiolone industry is projected to grow at a significant rate due to the escalating rodent infestation.
- Based on the type, the powder segment is expected to dominate the market during the forecast period.
- Based on region, the Asia Pacific is expected to dominate the market during the forecast period.
Bromadiolone Market- Segmentation Analysis:
- The Global Bromadiolone Market is segmented based on type, application, and Region.
- Based on the type, the global market is segmented into powder, liquid and Others. The powder segment is expected to dominate the market during the forecast period. They have benefits including exact dose and focused placement, which are challenging with the compound's liquid form. On the other hand, the liquid segment is expected to capture the largest market share over the forecast period. Due to its ease of use, quick absorption, and effectiveness, the liquid segment is more often used. Liquid segments' increasing demand is determined by a variety of elements, including their chemical and physical characteristics.
Bromadiolone Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to dominate the market during the forecast period. This is mostly because rodenticides are being consumed more often in parts of India, China, and other Southeast Asian nations. These countries contain some of the greatest agricultural fields, particularly those used for rice, which is known to draw mice and rats. The local agriculture industry is likewise under tremendous strain as a result of the expanding population and rising food demand. According to the India Brand Equity Foundation, India's overall agricultural exports in 2021 and 2022 were USD 49.6 billion. Thus, this is expected to drive the market growth in the region.
Bromadiolone Market- Competitive Landscape:
To remain competitive in the market the key players adopted various strategies including product launches, acquisitions, partnerships, agreements and others. The key players are Rentokil Initial plc, HACCP International, Bayer AG, BASF SE, Liphatech Inc., Impex Europa Ltd., PelGar International, Bell Laboratories Inc., JT Eaton & Co. Inc., Senestech Inc., UPL Limited, Impex Europa S.L., Syngenta AG, Ensystex Inc., LiphaTech SAS, Senetek PLC, Neogen Corporation, Unichem d.o.o., Pi Chi Industry Co. Ltd. and Rat Sorb.
Recent Developments:
In July 2022, a one-day conference on the consumption of rat poison, which is known to induce liver damage, was arranged and presented by Christian Medical College Hospital (CMC). Around 10 hospital staff members, including nurses and physicians from the Coimbatore Government Medical College, actively participated in the lecture, which was conducted on hospital grounds.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BROMADIOLONE MARKET KEY PLAYERS
- Rentokil Initial plc
- HACCP International
- Bayer AG
- BASF SE
- Liphatech Inc.
- Impex Europa Ltd.
- PelGar International
- Bell Laboratories Inc.
- JT Eaton & Co. Inc.
- Senestech Inc.
- UPL Limited
- Impex Europa S.L.
- Syngenta AG
- Ensystex Inc.
- LiphaTech SAS
- Senetek PLC
- Neogen Corporation
- Unichem d.o.o.
- Pi Chi Industry Co. Ltd.
- Rat Sorb
GLOBAL BROMADIOLONE MARKET, BY TYPE
GLOBAL BROMADIOLONE MARKET, BY APPLICATION
- Mother Liquor
- Pellets or Bait Blocks
- Others
GLOBAL BROMADIOLONE MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA