South Korea Anticoagulant Rodenticides Market Outlook

south korea has been emerging as one of the prominent anticoagulant rodenticide markets in asia-pacific region in 2018. this is a result of the alarming rodent infestation cases in the country with an estimated annual damage of up to krw3 billion. to counter the problem, the government and various local vendors have started to introduce new rodenticide control strategies using advanced anticoagulants. the development of new anticoagulant rodenticides in south korea has been gaining importance in the last few years. it has been observed that the demand for these insecticides is growing in the country due to its effectiveness in controlling rodent populations in both agricultural and urban environments. moreover, the government has taken various initiatives to reduce rodent populations in the country, including the introduction of regulation such as the ‘rodent control law’, which are aimed at promoting the adoption of anticoagulant rodenticides. this has also led to an increase in their application, resulting in a steady rise in the anticoagulant rodenticide market in south korea. apart from the regulatory initiatives, south korea also has a favorable consumer market which is driven by the increasing awareness about the benefits of anticoagulant insecticides. the consumers have been steadily increasing the demand for these products because of their convenience and easy-to-use features when compared to other traditional rodenticide control methods. it is expected that the south korean anticoagulant rodenticide market will further thrive in the upcoming years due to the rising infestation of rodents in the country. it is estimated that the demand for these insecticides will be maintained over the forecast period (2018 – 2032) as the local vendors keep introducing new and improved rodenticides in the market. furthermore, the government’s initiative towards the establishment of a more robust rodent control program should add further traction to the overall growth of the industry.