According to the research report titled ‘Global Anticoagulant Rodenticides Market Size study, By Product Type (1st Generation, 2nd Generation), By Form (Pellets, Blocks), By Application (Agriculture, Pest Control Companies, Warehouses, Urban Centers, Household, Others), and Regional Forecasts 2021-2027,’ available with the MarketStudyReport global anticoagulant rodenticides market was worth USD 656.6 billion in 2020 and is expected to register 3.3% CAGR during the study period, eventually reaching USD 824.1 billion in valuation by the year 2027. 
 

Rising demand for rodent control owing to increased rodent population is one of the major factors driving the growth of global anticoagulant rodenticides market. Available in pellets and block form, the product is mostly used in agriculture, pest management, homes, warehouses, and urban areas among others.
 

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Rodents were expected to be the largest order of mammals in 2021, according to animaldiversity.org. The rodential order accounts for approximately 40% of all mammalian species in Taxa. Thus, growing rodent population have resulted in increased product penetration across the globe.
 

However, rising concerns regarding secondary poisoning risks as well as the product’s high toxicity are expected to hamper global anticoagulant rodenticides market expansion over the forecast period.
 

Moving on to the segmental analysis, the market is fragmented based on product type and application landscape. By product type, the market is classified into 1st generation and 2nd generation segments. In terms of application range, global anticoagulant rodenticides industry is classified into household, urban centers, warehouses, pest control companies, agriculture, and others.
 

The geographical analysis of this business space involves Europe (Germany, France, Italy, Spain, the U.K.), North America (the U.S, Canada), Asia-Pacific (India, China, Japan, Australia, South Korea), Latin America (Brazil, Mexico), and the rest of the world.
 

North America is expected to account for the largest market share by the end of the forecast period, primarily due to rapid awareness among people regarding the safety of their farms and residential buildings. Growing investments towards warehouses, rising public awareness of rodent-borne diseases, and increased demand for pest management services are also fueling the overall market size in North America.
 

Bell Labs Inc., EcoClear Products Inc., PelGar International Ltd., Neogen Chemicals Ltd., Syngenta Group AG, Liphatech Inc., Rentokil Initial plc, Bayer AG, and BASF SE are the leading players operating in global anticoagulant rodenticides industry vertical.