Market Outlook
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 levels. 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 the insecticide. Chemical manufacturers active in the vector control market are investing in RD to launch new products that can tackle the issue of insecticide resistance.
They are used for eradicating or limiting insects, birds, mammals, and other arthropods, which are collectively known as vectors that transmit disease pathogens. Such vectors are the key reason for the spread of various neglected tropical diseases like the Zika virus, West Nile virus, and dengue fever. Vector control chiefly focuses on applying preventative methods for controlling or eliminating vector populations. The preventive measures include biological control, chemical control, reducing contact, and environmental habitat control.
Various factors are adding to the Vector Control Market Research growth. According to the new MRFR report, such factors include the increasing prevalence of vector-based diseases across the globe, increasing vector eradication awareness programs by the government, increasing adoption of IVM frameworks, and growing concern about vector-transmitted diseases in the livestock industry.
On the contrary, environmental hazards and high insecticide resistance are factors that may limit the vector control market growth over the forecast period.
COVID-19 Analysis/COVID-19 Impact on Vector Control Market
With the world grappling with the novel coronavirus outbreak, there has been renewed awareness regarding the devastating impacts of infectious diseases, as well as the need for surveillance systems and robust health. Ensuring access to different vector control products and tools is a vital strategy to reduce the strain on the health system. Such vital tools comprise indoor residual spraying (IRS) and insecticide-treated nets (ITNs). Following the COVID-19 pandemic, there has been a suspension of vector control programs in different African countries. The WHO, however, strongly encourages countries to stop suspending the planning or implementation of the vector control activity but, of course, take all essential precautions against the spreading of the infection. Due to the suspension of exportation and importation of goods and lockdowns following the COVID-19 pandemic, some disruptions have been experienced in the supply chain of vector control interventions. Coordinated action is needed for ensuring the accessibility of such tools for those who require them the most.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global vector control market report based on vector, method, and end use.
By vector, the global vector control market is segmented into rodents, insects, and others. Of these, the insect segment will lead the market over the forecast period.
By this method, the global vector control market is segmented into mechanical/physical, biological, and chemical. Of these, the biological segment will dominate the market over the forecast period.
By end-use, the global vector control market is segmented into residential and non-residential. Of these, the non-residential segment will have a major share in the market over the forecast period.
Regional Analysis
Based on the region, the global vector control market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The burgeoning demand for vector control products and services for non-residential and residential applications is adding to the growth of the market in the region.
The global vector control market in Europe is predicted to have the second-largest share over the forecast period. This will be followed by the APAC region, which is predicted to grow at a fast pace. Increasing awareness, rising prevalence of vector-borne diseases, improper waste management systems, and rapid urbanization are adding to the growth of the industry vectors market in the region.
The global vector control market in the RoW is predicted to have sound growth over the forecast period.
Key Players
profiled in the Key vector control Market Players report include PelGar International (UK), Liphatech, Inc. (the US), Impex Europa SL (UK), Ensystex (US), Arrow Exterminators (US), Anticimex Group (Sweden), Rollins, Inc. (the US), The Terminix International Company LP (US), Ecolab (US), Rentokil Initial plc (UK), FMC Corporation (US), Bell Laboratories, Inc. (the US), BASF SE (Germany), Syngenta AG (Switzerland), AG (Germany), and Bayer.
NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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