ID: MRFR/AGR/7121-HCR | 90 Pages | Author: Snehal Singh | June 2023
Vector Control Market size is expected to cross USD 26.75 Billion by 2030 at a CAGR of 6% during the forecast period of 2020-2030. It is a fragmented market and is governed by numerous players operating at the local and regional level. Market players are expected to witness several growth opportunities in the coming years, along with several challenges, owing to the stringent government regulations, increasing number of vector control programs, and increasing resistance to insecticide. Chemical manufacturers active in the vector control market are investing in R&D to launch new products that can tackle the issue of insecticide resistance.
Vector control refers to the vector control system and vector control equipment used to limit or eradicate the vector population that transmits pathogens from one host to another. The global vector control market growth is driven by various factors such as the rising prevalence of vector-borne diseases in both humans and livestock. More than 17% of all infectious diseases annually can be traced to the transmission of pathogens by various vectors. Trypanosome infection, a vector-borne disease in cattle, is estimated to cause nearly 20% production loss by impacting milk production, draft power, morbidity, mortality, and calving rate. Market growth can also be attributed to the increasing awareness and adoption of integrated vector management (IVM) frameworks that offer higher efficiency than other vector control methods.
Continuous use of chemical insecticides for vector control has led to high insecticide resistance, resulting in a lowered impact of chemicals. Additionally, environmental hazards caused by the use of chemical-based vector control methods are also hindering market growth.
Increasing global burden of communicable diseases
|Market Size||USD 26.75 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Vector, Method, End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Bell Laboratories, Inc. (US), FMC Corporation (US), Rentokil Initial plc (UK), Ecolab (US), The Terminix International Company LP (US), Rollins, Inc. (US), Anticimex Group (Sweden), Arrow Exterminators (US), Ensystex (US), Impex Europa sl (UK), Liphatech, Inc. (US), PelGar International (UK)|
|Key Market Opportunities||
|Key Market Drivers||
Vector control market is projected to grow at a 6% CAGR between 2022-2030
North America is expected to lead the vector control market.
Vector control market is predicted to touch USD 26.75 billion 2030.
The chemical segment will lead the vector control market.
Environmental hazards may limit the vector control market growth.
Key Questions Answered
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