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.
Rising prevalence of vector-borne diseases
Growing awareness about health issues caused by vectors
High efficiency of chemical-based vector control methods
Environmental hazards of chemical-based vector control products
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.
The vector control market has been analyzed through the following segments:
By vector type
By end use
Commercial and Industrial
By method of control
Physical & Mechanical
Middle East and Africa