Global Vector Control Market was valued at US$ 15.9Bn in 2019 and is expected to reach US$ 26.2Bn by 2027, at a CAGR of 6.44% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global vector control market has driven the increase in the incidence of vector-borne diseases, rising knowledge about vector control methods among well-known organizations such as the WHO and CropLife International, and the high effectiveness of chemical-based vector control services and products. Also, the market is projected to increase, owing to a rise in awareness about health issues created by vectors. However, long approval procedure and lack of uniform procedures for testing the use of vector control are expected to restrain the vector control market during the forecast period. Increase in the adoption of the physical method of vector control is expected to propose an opportunity for the vector control market in the near future.
Commercial & Industrial segment is dominating the global vector control market. Owing to the increasing demand of vector control products and solutions in the food manufacturing and hospitality sectors in urban areas to keep hygiene, especially in the Asia Pacific countries. This is a result of the stringent regulations and procedural guidelines by governments and other specific agencies.
The biological control segment is leading the global market for vector control. Biological control is a factor of an integrated pest management strategy. The reduction of pest populations by natural enemies and usually involves an active human role because of the growing concerns on the environmental impact of chemical compounds and a rising number of the case study of insecticide resistance among pests.
Region-wise, the Asia Pacific is projected to be the fastest-growing market for vector control during the forecast period. The region has been experiencing significant demand for vector control products and services because of the awareness about public hygiene and the increase in the support provided by governments toward pest control operations. The rapidly increasing population and urbanization have resulted in the demand for sanitary efforts, which contain procurement of vector control products. Increase in demand for vector control services and products owing to consciousness about public hygiene and the increasing support by governments for pest control operations are expected to drive the vector control market in the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Vector Control Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Vector Control Market.
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Scope of Global Vector Control Market
Global Vector Control Market, By Vector Type
Global Vector Control Market, By Method of Control
• Chemical Methods
o Other Chemical Methods
• Physical & Mechanical Control Methods
• Biological Control Methods
• Other Control Methods
Global Vector Control Market, By End-User
• Commercial & Industrial
Global Vector Control Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Vector Control Market
• BASF SE
• Bayer AG
• Syngenta AG
• Rentokil Initial PLC.
• FMC Corporation
• Rollins Inc.
• The Terminix International Company Lp
• Bell Laboratories Inc.
• Arrow Exterminators, Inc
• Massey Services Inc.
• Anticimex Group
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