November 2022, MRFR Press Release/- Market Research Future has published a Report on the Global Vector Control Market.
Vector Control Market Highlights:
Vector Control Market size is expected to cross USD 26.75 Billion by 2030 at a CAGR of 6% during the forecast period of 2022 to 2030. 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 vector control market growth.
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. For instance, the World Health Assembly approved the Global Vector Control Response (GVCR) 2022–2030 to offer strategic guidance, technical support, and training to partners in developing countries.
Market USP
Increasing adoption of IVM frameworks
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.
- Biological vector control method to witness higher adoption in the coming years: Increasing environmental concerns and insecticide resistance due to continuous use of chemical-based vector control products are expected to boost the sales of biological vector control products. Additionally, microbial, predators, and botanicals are safer than chemical products, owing to which the segment is expected to register the highest growth rate during the forecast period.
Access Report Details @ https://www.marketresearchfuture.com/reports/vector-control-market-8593
Key Players
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- BASF SE (Germany)
- Bell Laboratories, Inc. (US)
- FMC Corporation (US)
- Rentokil Initial plc (UK)
- Ecolab (US)
- The Terminix International Company LP (US)
- 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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Base Year | 2022 |
Companies Covered | 15 |
Pages | 90 |
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