South Korea Anticoagulant Rodenticides Market Size & Outlook
South Korea anticoagulant rodenticides market, 2018-2030 (US$M)
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South Korea anticoagulant rodenticides market highlights
- The South Korea anticoagulant rodenticides market generated a revenue of USD 6.0 million in 2021 and is expected to reach USD 8.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.4% from 2022 to 2030.
- In terms of segment, 2nd gen was the largest revenue generating product in 2021.
- 1st Gen is the most lucrative product segment registering the fastest growth during the forecast period.
Anticoagulant rodenticides market data book summary
| Market revenue in 2021 | USD 6.0 million |
| Market revenue in 2030 | USD 8.2 million |
| Growth rate | 3.4% (CAGR from 2021 to 2030) |
| Largest segment | 2nd gen |
| Fastest growing segment | 1st Gen |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 1st Gen, 2nd Gen |
| Key market players worldwide | Neogen Corp, Basf SE, Rentokil Initial PLC, Bayer AG, Syngenta, PelGar International, Liphatech |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.9% of the global anticoagulant rodenticides market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China anticoagulant rodenticides market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 41.7 million by 2030.
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Anticoagulant Rodenticides Market Scope
Anticoagulant Rodenticides Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea anticoagulant rodenticides market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to anticoagulant rodenticides market will help companies and investors design strategic landscapes.
2nd gen was the largest segment with a revenue share of 60% in 2021. Horizon Databook has segmented the South Korea anticoagulant rodenticides market based on 1st gen, 2nd gen covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, river rats are considered one of the invasive species. In 1978, people were infected by the Seoul virus, which is a type of Hantavirus. This virus was found in mice and river rats near the Hantan River of South Korea.
Since then, the government of South Korea has been warning people to stop the consumption of river rats as the bile in the gall bladder of rats is toxic to humans.
As a result, the use of anticoagulant rodenticides to control the breeding of these species is expected to benefit the market growth in the country. In 1980, coypu rats were introduced in South Korea from Bulgaria for developing fur ranching industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea anticoagulant rodenticides market , including forecasts for subscribers. This country databook contains high-level insights into South Korea anticoagulant rodenticides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea anticoagulant rodenticides market size, by product, 2018-2030 (US$M)
South Korea Anticoagulant Rodenticides Market Outlook Share, 2021 & 2030 (US$M)
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