Category

Vector Control Market Size, Share, Opportunities, And Trends By Vector Type (Insects, Rodents), By By End Use (Commercial And Industrial, Residential), By Method Of Control (Chemical, Physical & Mechanical, Biological), And By Geography – Forecast From 2019 To 2024

Published: May 2020 | Report Code:  KSI061612805 | Pages:  113

The vector control market was valued at US$2617.98 million in 2018 and is projected to expand at a CAGR of 4.33% over the forecast period to reach US$3376.17 million by 2024. Vector control is any method to limit or eradicate the mammals, birds, insects or other arthropods which transmit disease pathogens. The most frequent type of vector control is mosquito control using a variety of techniques. The vector control market is expected to have a high growth rate driven by factors such as the rising prevalence of vector-borne diseases worldwide, high efficiency of chemical-based vector control products. Awareness about vector control has also been rising among international organisations and governing bodies. However, environmental hazards caused due to use of chemical-based vector control products and lengthy approval procedures for these products is expected to be a restraint for market growth.
 
By vector type, the rodents segment is expected to have a notable growth rate due to the increasing number of initiatives by public health authorities to control lethal diseases caused due to rodents. By the control method, the chemical segment is estimated to have a significant market share as chemical based products are highly efficient. By geography, the Asia Pacific market is expected to have significant market growth due to rising cases of disease outbreaks caused due to vectors and increasing efforts to control the same.
 
DRIVERS
Rising prevalence of vector-borne diseases
Growing awareness about health issues caused by vectors
High efficiency of chemical-based vector control methods
 
RESTRAINTS
Environmental hazards of chemical-based vector control products
 
INDUSTRY UPDATE
In June 2019, Atlanta-based Arrow Exterminators announced the merger and acquisition of Econo Termite & Pest Control, Inc. in Englewood, Fla. This transaction will provide Arrow the opportunity to strengthen its presence in Charlotte and Sarasota counties.
In June 2019, Bayer launched a water-based insecticide which eliminates the use of oil-based diluents such as diesel and helps reduce pollution caused by fogging.
 
SEGMENTATION
The vector control market has been analyzed through the following segments:
 
By vector type
Insects
Rodents
 
By end use
Commercial and Industrial
Residential
 
By method of control
Chemical
Physical & Mechanical
Biological
 
By Geography
North America
USA
Canada
Mexico
 
South America
Brazil
Argentina
Others
 
Europe
Germany
France
United Kingdom
Spain
Others
 
Middle East and Africa
Saudi Arabia
Israel
Others
 
Asia Pacific
China
Japan
South Korea
India
Others
 

Frequently Asked Questions (FAQs)

Q1. What will be the vector control market size by 2024?
A1. The global vector control market is projected to reach a total market size of US$3376.17 million by 2024.
 
Q2. What are the growth prospects for vector control market?
A2. The vector control market is projected to grow at a CAGR of 4.33% during the forecast period.
 
Q3. What is the size of global vector control market?
A3. Vector Control market was valued at US$2617.98 million in 2018.
 
Q4. What factors are anticipated to drive the vector control market growth?
A4. The vector control market is expected to have a high growth rate driven by factors such as the rising prevalence of vector-borne diseases worldwide, high efficiency of chemical-based vector control products.
 
Q5. Which region holds the largest market share in the vector control market?
A5. The Asia Pacific market is expected to have significant market growth due to rising cases of disease outbreaks caused due to vectors and increasing efforts to control the same.

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