Market Research Report
Asia Pacific Rodent Control Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||959954|
|Published||Content info||122 Pages
Delivery time: 2-3 business days
|Asia Pacific Rodent Control Market Forecast 2019-2028|
|Published: September 10, 2020||Content info: 122 Pages||
The Asia Pacific rodent control market is expected to register a CAGR of 7.78%, during the forecast years of 2019 to 2028. The growing retail industry, increased public awareness regarding rodenticides, and growing concern over bacterial and viral diseases, are among the significant drivers promoting the market growth.
The Asia Pacific rodent control market growth is evaluated across India, China, South Korea, Indonesia, Vietnam, Australia & New Zealand, Thailand, Japan, and the rest of the Asia Pacific. South Korea's retail industry is among the largest markets in Asia. Modern retail businesses like grocery supermarkets, hypermarkets, online retailing, and convenience stores have significantly grown over the years, compared to traditional retail stores. Although the country's economy is expected to depict a gradual growth trend over the forecast years, retailing is anticipated to record positive sales growth. Increasing e-commerce logistics and investment activities are anticipated to drive the prospective development of the warehousing market in South Korea. However, destructions caused in warehouses are irreversible and highly expensive. Thus, the region observes a thriving demand for rodent control.
On the other hand, initiatives introduced by the Rodenticide Resistance Action Committee, coupled with the participation of key industry players like BASF and Bayer CropScience, have generated increased awareness about anticoagulant rodenticides among the masses. Likewise, the increasing concerns among citizens regarding the viral and bacterial diseases caused by rodents are anticipated to fuel the demand for rodent control. For instance, the rodent-borne Seoul virus resulted in numerous health problems, like headaches, abdominal pain, and nausea. Hence, these factors are accredited to fuelling the region's market growth.
Ecolab Inc, Bayer AG, Rentokil Initial PLC, Rollins Inc, Abell Pest Control, etc. are the prominent industries operating in the market.