Key players in the vector control market are Anticimex Group, Arrow Exterminators Inc, BASF SE, Bayer AG, Bell Laboratories Inc, Ecolab Inc, FMC Corporation, Rentokil Initial plc, Rollins Inc, Syngenta AG, The Terminix International Company Lp, Massey Services Inc. , ADAMA, Liphatech, Inc.
New York, Oct. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com has published the report “Vector Control Global Market Report 2022” – https://www.reportlinker.com/p06325435/?utm_source=GNW
PelGar International and Sumitomo Chemical Co Ltd
The global vector control market is expected to grow from USD 16.37 billion in 2021 to USD 17.74 billion in 2022, at a compound annual growth rate (CAGR) of 8.3%. The vector control market is expected to reach USD 21.92 billion by 2026, at a CAGR of 5.4%.
The vector control market consists of sales of vector control products and related services by entities (organizations, sole proprietorships, and partnerships) that refers to a method of controlling vector-borne diseases spread by mammals, birds, insects, or other arthropods. The goal of vector control is to stop or eliminate local spread of the virus, reduce disease vulnerability, and prevent secondary infections.
These vector control methods can be chemical or non-chemical in nature.
The main methods of vector control are chemical, physical and mechanical, biological and others (radiation and environmental control services). Chemical vector control uses chemicals to control and prevent the spread of diseases.
Chemical vector control aims to influence mosquito density, longevity and other transmission parameters. Vector control is designed to eliminate insects, rodents and others (ticks and snails) and is applied in the residential, commercial and industrial sectors.
North America was the largest region in the vector control market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Vector Control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Vector Control Market Research Report is one of the new reports that provides Vector Control market statistics, global Vector Control industry market size, regional shares, Vector Control market share competitors, specific Vector Control market segments, market trends and options included. , and more data you need to get ahead in the vector control industry. This vector control market research report provides a complete overview of everything you need with an in-depth analysis of the current and future scenario of the industry.
The increasing prevalence of vector-based diseases is expected to drive the vector control market. The effects of climate and geographic distribution are increasing the transmission and spread of diseases.
The increasing prevalence of vector-borne diseases has led to the adoption of vector control methods. These vector-based disease prevention methods involve removing or disposing of water containers and applying vector control methods such as pest control.
For example, according to a March 2020 World Health Organization report, vector-borne diseases caused 700,000 deaths each year and accounted for 17% of all infectious diseases. Hence, increasing prevalence of vector-based diseases is driving the growth of the vector control market.
Technological advancements are a key trend driving the vector control market. Companies operating in the vector control market are increasingly focusing on developing innovative products to rapidly meet the demands of the growing industry and expand their business presence globally.
For example, in September 2019, Co-Diagnostics Inc., a Utah-based company involved in the development and manufacturing of diagnostic solutions, launched new vector control test products at the Oklahoma Pest Management Association (OPMA) conference.
In December 2021, Rentokil Initial plc, a UK provider of commercial pest control and hygiene services, acquired Terminix Global Holdings, Inc. bought it for 6.7 billion dollars. Through this acquisition, Rentokil is focused on expanding its business in North America to provide a strong foundation for future growth and an attractive financial profile to support future growth, including continued investment in innovation and technology. Terminix Global Holdings, Inc is a provider of pest control solutions in the US, including vector control products.
The countries covered in the Vector Control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
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