Acquisitions like That of Asklepios BioPharmaceutical by Bayer AG to Boost the Growth of the Global Rodent Control Market

Rodents are small mammals that have upper and lower pairs of ever-growing rootless incisor teeth, such as rats, mice, squirrels, moles, and many more. These rodents impart an important role in balancing the environment in fields and forests. Rodent control is a strategic method of controlling the access of rodents inside the homes of individuals by baiting or trapping. Rodent control is essential for homes because an uncontrolled population of rodents can cause harmful diseases, severe illnesses in humans.

Forecast Analysis of the Global Rodent Control Market

Rodents can spread faster in densely populated areas. With the increasing urbanization and globalization, the market is expected to see prominent growth in the coming years. Besides, the rising disposable incomes among individuals and the growing middle-class population have uplifted the demand for rodent control services, which is the factor expected to foster the growth of the market in the years to come. Moreover, the continuous technological advancements and launching of effective rodent monitoring systems by leading companies are expected to create expansive growth opportunities for the market in the future. However, the regulations on the use of chemical-based rodent control technologies may impede the growth of the market.

According to the report published by Research Dive, the global rodent control market is anticipated to generate a revenue of $4,659.7 million and grow at a healthy CAGR of 4.9% during the analysis timeframe from 2021-to 2028. The major players of the market include Neogen Corporation, Ecolab Inc., PelGar International, Rentokil Initial Plc., Rollins Inc., Bayer AG, SenesTech Inc., BASF SE, Syngenta AG, Anticimex, and many more.

Key Developments of the Global Rodent Control Market

The leading companies functioning in the industry are implementing several growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global rodent control market to grow exponentially.

For instance, in July 2021, Anticimex, a leading international modern pest control company, announced its collaboration with Novacura, a human-centric IT-company building powerful and user-friendly enterprise applications. With this collaboration, Novacura supported Anticimex to strengthen its organization with advanced technology, project management systems, and modern integration to reinforce customer satisfaction.

In October 2020, Bayer AG, a leading German multinational pharmaceutical and life sciences company, acquired Asklepios BioPharmaceutical, a leading clinical-stage adeno-associated virus (AAV) gene therapy company, focused on improving the lives of patients suffering from rare health disorders and diseases. With this acquisition, the companies aimed to develop and manufacture various gene therapies to treat neuromuscular, cardiovascular, and various metabolic diseases.

In October 2021, PICA Product Development, a leading U.S.-based company specializing in electronic and mechanical custom manufacturing services, launched the latest IoT solution named Rodent Recon, powered by the Skyhawk platform to monitor the rodent control traps with a remote. This is a cost-effective and user-friendly solution that can solve the problem of hard-to-reach locations for finding rodent traps. Rodent Recon can also be operated with a phone application to quickly solve the rodent issue in individuals' home.

Most Profitable Region of the Global Rodent Control Market

The Asia-Pacific region is predicted to hold the largest share of the market and is expected to grow at a CAGR of 5.4% during the estimated period. This is mainly due to the increasing population in the developing countries of this region, which results in rapid infrastructure and industrial developments. Moreover, the popularity of integrated pest management services in this region, which mainly focus on the early detection of rodents and preventing their emergence, is expected to drive the growth of the market.

Covid-19 Impact on the of the Rodent Control Market

The outbreak of the Covid-19 pandemic has devastated many industries. However, it has had a positive impact on the global rodent control market, owing to the growing hygiene concerns among people to ensure health and food safety. Furthermore, the increasing demand for the rodent control products and services such as personal protective equipment (PPE) which includes masks, shoe covers, gloves, and protective outwear, has effectively driven the growth of the market during the period of crisis.