Vector Control Market size is expected to cross USD 20 Billion by 2025 at a CAGR of 5% during the forecast period of 2019 to 2025. 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
- Increasing incidences of vector-borne diseases: The incidence rate for vector-borne diseases is on the rise globally. Infectious diseases caused due to the transmission of pathogens via vectors account for a significant number of deaths annually. Each year more than 700,000 deaths are caused due to vector-borne diseases. In more than 128 countries across the globe, over 9 billion people are at risk of acquiring dengue while more than 400,000 deaths are caused by malaria and hundreds of millions are affected by other vector-borne diseases such as Chagas disease, leishmaniasis, and schistosomiasis. Such alarming statistics are responsible for the increasing sales of vector control products, boosting market growth.
- Growing concerns regarding vector-transmitted diseases in the livestock industry
- Rising adoption of IVM frameworks
- High insecticide resistance
- Environmental hazards
Vector Control Market Segmentation
- Insects: The segment accounted for the largest revenue share in 2018 due to the increasing number of communicable diseases spread through insects that transmit pathogens from one host to another, in both humans and animals.
- Chemical: In 2018, the chemical segment accounted for the largest market share due to the high use of various chemical insecticides and rodenticides to curb the vector population and lower incidences of vector-borne diseases. Insecticides play a prominent role in IVM frameworks, which is also contributing to the growth of the segment.
- Non-Residential: The non-residential segment includes vector control methods used in commercial and industrial places, along with livestock farms. Rising hygiene concerns and the implementation of stringent regulations regarding the maintenance of clean and hygienic workplace environments are the major determinants responsible for the dominance of the segment in the global market.
- North America: The region garnered the largest revenue share of the global vector control market in 2018 owing to the rising demand for vector control services and products for residential and non-residential applications.
- Asia-Pacific: The regional market is expected to register the highest growth rate during the forecast period owing to rapid urbanization, improper waste management systems, high incidences of vector-borne diseases, and increasing awareness.
- 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)
Frequently Asked Questions (FAQ) :
Vector control market is projected to grow at a 5.0% CAGR between 2019-2025.
North America is expected to lead the vector control market.
Vector control market is predicted to touch USD 20.0 billion by 2025.
The chemical segment will lead the vector control market.
Environmental hazards may limit the vector control market growth.