Rodent Control Market: Latest Innovations & Tech Developments Rodent control entails the practice of managing and preventing infestations of rodents, such as rats and mice, in various environments, including homes, businesses, agricultural, and medical settings. It involves implementing strategies and measures to curb and eliminate rodent populations, mitigate the damage caused, and minimize associated risks. According to Inkwood Research, the global rodent control market is set to grow with a CAGR of 6.52% during the forecast years, 2023 to 2032.
Economic Ramifications of Rodent Infestation – Rodent infestation is a highly prevalent problem faced by industries and pest management professionals (PMPs) worldwide. In fact, as per the estimations put forth by Cornell University, the cost of damage by rats to grain crops in the United States stands at a staggering $19 billion annually. In California, crop damage caused by rodent infestation was responsible for approximately $128 million in annual revenue loss, as well as up to 1,514 job cuts. On the other hand, as per figures compiled by the Rice Knowledge Bank (RKB), in developing nations such as India, an estimated 25-30% of post-harvest grains are lost each year as a result of rodents. In terms of the nation’s stored food and seed grain market, rodent infestations have caused losses of more than $5 billion.
Latest Innovations & Tech Developments in the Rodent Control Market – Rodents are hard to track and even more challenging to control, given their agile nature. However, with a greater focus on continuous research and innovation, pest management professionals (PMP) can control them with higher efficiency and more accuracy.