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Vector Control Industry Overview | Significant Profits Estimated to be generated by 2025 with Market Key Players Review

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Vector Control Industry Overview | Significant Profits Estimated to be generated by 2025 with Market Key Players Review

December 16
04:24 2020
Vector Control Industry Global Information by Vector (Insects, Rodents and others), Method (Chemical {Pyrethroids, Fipronil, Organophosphates, Larvicides and others}, Biological {Microbials, Predators, and Botanicals} and Mechanical/Physical), End-Use

Market Overview

Global Vector Control Industry 2020 size is expected to cross USD 20 Billion by 2025 at a CAGR of 5% over the review period of 2019 to 2025.

The key drivers responsible for the growth of the vector control market were factors such as the growing prevalence of vector-based diseases worldwide, campaigns by the national government as part of their disease/vector eradication efforts, and the efficacy of a chemical-based vector control device. Due to tight government restrictions, growing numbers of vector control systems, and increasing resistance to insecticides, market players are expected to see many growth opportunities in the coming years, along with many challenges. Chemical manufacturers involved in the vector control industry are investing in R&D to introduce new products that can tackle the problem of insecticide resistance.

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The growing population has paved the way for a rise in resource pressure, resulting in overexploitation that increasingly causes a hazard to the atmosphere by chemical poisoning and deterioration associated with chemical products, thus alternative control methods are under the research phase. In addition, in North American and European countries, restrictions on the use of chemical insecticides have been strict because of the environmental issues that result from their use. This has contributed to opportunities for the development of methods of control of biological insect pests. However, there is still a large need for synthetic insecticides from public health officials. Since their biological equivalents are environmentally sustainable but less effective, pest control service providers need repeated use for optimal performance. The continued use of chemical insecticides for vector control has resulted in a high degree of resistance to insecticides, resulting in a reduced chemical effect. Furthermore, environmental risks caused by the use of chemical-based vector control strategies often impede business development.

Competitive Landscape

Rollins, Inc. (US), Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), ANTICIMEX Group (Sweden), FMC Corporation (US), Bell Laboratories, Inc. (US), Rentokil Initial plc (UK), Ecolab (US), The Terminix International Company LP (US), Arrow Exterminators (US), ENSYSTEX (US), Impex Europa SL (UK), LIPHATECH, Inc. (US), PELGAR International (UK) are the major Vector Control Industry players.

Segment Analysis

Global Vector Control Industry has been analyzed based on the vector, method, and end-use.

Based on vector, Vector Control Industry has been segmented into insects, rodents, and others. Owing to the growing number of communicable diseases transmitted by insects that transmit pathogens from one host to another, including humans and animals, the insect segment accounted for the highest market share in 2020.

Global Vector Control Industry has been segmented into chemical, biological, and mechanical/physical, depending on the process. In 2020, owing to the high use of different chemical insecticides and rodenticides to reduce the vector population and decrease incidences of vector-borne diseases, the chemical group accounted for the largest market share. In IVM frameworks, insecticides play a prominent role, which also contributes to segment development.

The industry has been segmented into non-residential and residential, depending on end-use. The non-residential section covers methods of vector control used along with livestock farms, in commercial and industrial areas. The major determinants responsible for the domination of the segment in the global market are rising hygiene issues and the enforcement of strict regulations about the management of safe and hygienic working conditions.

Regional Overview

Centered on North America, Asia Pacific, Europe and the rest of the world, the global demand has been evaluated.

Due to the growing demand for vector control services and products for residential and non-residential applications, the area garnered the largest revenue share of the global vector control market in 2020.

Due to rapid urbanization, inappropriate waste management systems, high incidences of vector-borne diseases, and growing awareness, the regional market is expected to report the highest growth rate during the forecast period.

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NOTE: Our Team of Researchers are 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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