PUBLISHER: Inkwood Research | PRODUCT CODE: 1379515
PUBLISHER: Inkwood Research | PRODUCT CODE: 1379515
South Korea Rodent Control Market Forecast 2023-2030
KEY FINDINGS
The South Korea rodent control market is predicted to develop with a CAGR of 7.87% during the forecast years 2023-2030. The Asia & Pacific Plant Protection Commission has noted an increasing awareness among South Koreans concerning the health risks posed by pests, including diseases such as dengue fever, malaria, and Lyme disease.
MARKET INSIGHTS
South Korea's robust economy, boasting a GDP per capita of $32,032 in 2022, according to the World Bank, has resulted in an elevation of disposable income among its residents. This increased financial capacity has contributed to higher expenditures on professional rodent control services. With individuals and businesses having more resources available, there is a growing inclination to invest in these services to fortify their properties against the threat of rodent infestations. This emerging trend underscores the significance of the pest control industry and its integral role in preserving public health and property well-being in the nation.
Furthermore, the South Korean rodent control market is primarily focused on addressing two prevalent rodent species, the Norway rat (Rattus norvegicus) and the House mouse (Mus musculus). According to data from the Korean Pest Control Association, these two species collectively contribute to approximately 70% of rodent infestations in the country. As a result, the aforementioned factors are predicted to bolster the rodent control market growth in South Korea during the projection period.
COMPETITIVE INSIGHTS
Major companies operating in the market are: BASF SE, Neogen Corporation, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
- 1.1. STUDY OBJECTIVES
- 1.2. METHODOLOGY
- 1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
- 2.1. MARKET SIZE & ESTIMATES
- 2.2. COUNTRY SNAPSHOT
- 2.3. COUNTRY ANALYSIS
- 2.4. SCOPE OF STUDY
- 2.5. CRISIS SCENARIO ANALYSIS
- 2.6. MAJOR MARKET FINDINGS
- 2.6.1. INCREASING SHIFT TOWARDS INTEGRATED PEST MANAGEMENT (IPM)
- 2.6.2. MANUFACTURERS NEED TO BE COMPLIANT WITH REGULATIONS
- 2.6.3. RESIDENTIAL AND COMMERCIAL END-USERS DOMINATED THE RODENT CONTROL MARKET
3. MARKET DYNAMICS
- 3.1. KEY DRIVERS
- 3.1.1. RISING AWARENESS ABOUT THE HEALTH AND ECONOMIC RISKS ASSOCIATED WITH RODENT INFESTATION
- 3.1.2. SURGE IN THE INCIDENCES OF PEST-BORNE DISEASES
- 3.1.3. INCREASING URBANIZATION AND POPULATION GROWTH
- 3.1.4. A GROWING NUMBER OF BUSINESSES ARE TURNING TO RODENT CONTROL SOLUTIONS
- 3.2. KEY RESTRAINTS
- 3.2.1. ENVIRONMENTAL CONCERNS ASSOCIATED WITH RODENTICIDE CHEMICALS
- 3.2.2. HIGH COST OF RODENT CONTROL PRODUCTS AND SERVICES
- 3.2.3. GOVERNMENT RESTRICTIONS AFFECTING THE RODENT CONTROL MARKET
4. KEY ANALYTICS
- 4.1. PARENT MARKET ANALYSIS: PEST CONTROL MARKET
- 4.2. KEY MARKET TRENDS
- 4.3. PEST ANALYSIS
- 4.4. PORTER'S FIVE FORCES ANALYSIS
- 4.4.1. BUYERS POWER
- 4.4.2. SUPPLIERS POWER
- 4.4.3. SUBSTITUTION
- 4.4.4. NEW ENTRANTS
- 4.4.5. INDUSTRY RIVALRY
- 4.5. GROWTH PROSPECT MAPPING
- 4.6. KEY BUYING CRITERIA
- 4.6.1. EFFECTIVENESS
- 4.6.2. EASE OF USE
- 4.6.3. SAFETY
- 4.6.4. LONGEVITY
5. MARKET BY TYPE
- 5.1. CHEMICAL
- 5.2. MECHANICAL
- 5.3. BIOLOGICAL
- 5.4. OTHER TYPES
6. MARKET BY APPLICATION
- 6.1. RESIDENTIAL
- 6.2. COMMERCIAL
- 6.3. INDUSTRIAL
- 6.4. AGRICULTURE
- 6.5. OTHER APPLICATIONS
7. COMPETITIVE LANDSCAPE
- 7.1. KEY STRATEGIC DEVELOPMENTS
- 7.1.1. MERGERS & ACQUISITIONS
- 7.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 7.1.3. PARTNERSHIP & AGREEMENTS
- 7.1.4. BUSINESS EXPANSIONS & DIVESTITURES
- 7.2. COMPANY PROFILES
- 7.2.1. BASF SE
- 7.2.1.1. COMPANY OVERVIEW
- 7.2.1.2. PRODUCTS / SERVICES LIST
- 7.2.1.3. STRENGTHS & CHALLENGES
- 7.2.2. BAYER AG
- 7.2.2.1. COMPANY OVERVIEW
- 7.2.2.2. PRODUCTS / SERVICES LIST
- 7.2.2.3. STRENGTHS & CHALLENGES
- 7.2.3. ECOLAB INC
- 7.2.3.1. COMPANY OVERVIEW
- 7.2.3.2. PRODUCTS / SERVICES LIST
- 7.2.3.3. STRENGTHS & CHALLENGES
- 7.2.4. NEOGEN CORPORATION
- 7.2.4.1. COMPANY OVERVIEW
- 7.2.4.2. PRODUCTS / SERVICES LIST
- 7.2.4.3. STRENGTHS & CHALLENGES
- 7.2.5. RENTOKIL INITIAL PLC
- 7.2.5.1. COMPANY OVERVIEW
- 7.2.5.2. PRODUCTS / SERVICES LIST
- 7.2.5.3. STRENGTHS & CHALLENGES
- 7.2.6. ROLLINS INC
- 7.2.6.1. COMPANY OVERVIEW
- 7.2.6.2. PRODUCTS / SERVICES LIST
- 7.2.6.3. STRENGTHS & CHALLENGES
- 7.2.7. SYNGENTA AG
- 7.2.7.1. COMPANY OVERVIEW
- 7.2.7.2. PRODUCTS / SERVICES LIST
- 7.2.7.3. STRENGTHS & CHALLENGES
- 7.2.1. BASF SE
LIST OF TABLES
- TABLE 1: MARKET SNAPSHOT - RODENT CONTROL
- TABLE 2: SOUTH KOREA RODENT CONTROL MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
- TABLE 3: SOUTH KOREA RODENT CONTROL MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)
- TABLE 4: SOUTH KOREA RODENT CONTROL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
- TABLE 5: SOUTH KOREA RODENT CONTROL MARKET, BY APPLICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)
- TABLE 6: LIST OF MERGERS & ACQUISITIONS
- TABLE 7: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
- TABLE 8: LIST OF PARTNERSHIPS & AGREEMENTS
- TABLE 9: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
- FIGURE 1: KEY MARKET TRENDS
- FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
- FIGURE 3: KEY BUYING CRITERIA
- FIGURE 4: SOUTH KOREA RODENT CONTROL MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022
- FIGURE 5: SOUTH KOREA RODENT CONTROL MARKET, BY CHEMICAL, 2023-2030 (IN $ MILLION)
- FIGURE 6: SOUTH KOREA RODENT CONTROL MARKET, BY MECHANICAL, 2023-2030 (IN $ MILLION)
- FIGURE 7: SOUTH KOREA RODENT CONTROL MARKET, BY BIOLOGICAL, 2023-2030 (IN $ MILLION)
- FIGURE 8: SOUTH KOREA RODENT CONTROL MARKET, BY OTHER TYPES, 2023-2030 (IN $ MILLION)
- FIGURE 9: SOUTH KOREA RODENT CONTROL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
- FIGURE 10: SOUTH KOREA RODENT CONTROL MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)
- FIGURE 11: SOUTH KOREA RODENT CONTROL MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)
- FIGURE 12: SOUTH KOREA RODENT CONTROL MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)
- FIGURE 13: SOUTH KOREA RODENT CONTROL MARKET, BY AGRICULTURE, 2023-2030 (IN $ MILLION)
- FIGURE 14: SOUTH KOREA RODENT CONTROL MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)
