Market Forecast
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. Vector control activities include vector control equipment and vector control systems. Market players are witnessing challenges due to the unavailability of adequate resources and tools to control the vector population in various developing countries in Asia-Pacific and Africa. Moreover, the reluctance of agrochemical manufacturers to invest in non-crop vector control chemicals is posing a threat to the overall market growth.
Global Vector control Industry 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.
Rising awareness regarding the global burden of vector-borne diseases, the impact of vector control methods, and increasing initiatives by government organizations are expected to address the hindrances and offer profitable growth opportunities to the market players during the forecast period. The rising burden of vector-borne diseases and disparities between different regions regarding the availability of resources to control vector population have led to increasing initiatives and investments by various organizations to curb vector-borne diseases.
Key Players
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- Rollins, Inc. (US)
- Anticimex Group (Sweden)
- Arrow Exterminators (US)
- Ensystex (US)
- Impex Europa sl (UK)
- Liphatech, Inc. (US)
- PelGar International (UK)
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Growth Opportunities in the Market
Rodents segment to register the highest CAGR during the forecast period: A rise in global outbreaks of lethal diseases such as hantavirus pulmonary syndrome and hemorrhagic fever with renal syndrome caused by rodents has resulted in an increase in the number of initiatives taken to control the rodent population. Market players are expanding their product portfolios to target the rodent population and exploit the growth opportunities in the market.
Regional Analysis
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.
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