Vector Control Market Projected to Reach $20.37 Billion by 2023

06/mag/2019 11:19:16 MarketsandMarkets Contatta l'autore

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The report  " Vector Control Market  by Vector Type (Insects and Rodents), End-use Sector (Commercial and Industrial and Residential), Method of Control (Chemical, Physical and Mechanical, and Biological), and Region - Global Forecast to 2023" The vector control market is projected to grow at a  CAGR of 13.5% from an estimated value of USD 15.86 Billion in 2018, to reach USD 20:37 Billion by 2023.

The years considered for the study are as follows:

  • Base year - 2017
  • Estimated year - 2018
  • Projected year - 2023
  • Forecast period - 2018 to 2023

Vector Control Market

The objectives of the report:

  • Determining and projecting the size of the vector control market
  • Identifying attractive opportunities in the market by determining the largest and fastest growing markets across regions
  • Identifying drivers and restraints impacting the global market for vector control

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The chemical segment, by method of control, was the largest in the vector control market in 2017.

The chemical-based method for the control of the most advanced method in the North American region is highly effective in eliminating disease-causing harmful pests. Chemicals such as Pyrethroids and Fipronil have been widely used to control and eliminate disease-causing adult mosquitoes and larvae of such harmful mosquitoes. This market has witnessed increased demand from countries such as Tanzania, Uganda, Mozambique, and certain Asian countries such as India, China, and Indonesia.

Significant market potential is witnessed in emerging Asian countries.

The vector control market has a high potential in emerging markets such as China and India since the climatic conditions and ineffective waste management in the Asia Pacific region are conductive to insect and rodent growth. There is a risk of a vector-borne disease.

This report includes a study of marketing and development strategies, with the product and / or service portfolios of leading companies. Key companies in the market include vector control product manufacturers and service providers such as Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Bell Laboratories, Inc. (US), Rentokil Initial plc (UK), FMC Corporation (US), Ecolab (US), The Terminix International Company LP (US), Rollins, Inc. (US), Arrow Exterminators, Inc. (US), Massey Services Inc. (US), and Anticimex Group (Sweden) .

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