The vector control market is projected to grow at a CAGR of 5.13% from 2018 to 2023, to reach a projected value of USD 20.37 Billion by 2023.
The increasing awareness about public health has led to the adoption of vector/pest control services on a regular basis in the residential, commercial, and industrial sectors.
On the basis of vector type, the insect control segment accounted for a major share in the market for 2017, due to the rising cases of epidemics caused by vectors such as mosquitoes, cockroaches, bedbugs, flies, and ants across the globe. Promotions by individual country governments and renowned global organizations such as the WHO for the disease/vector eradication programs have also driven the growth of the insect control segment.
On the basis of method of control, the biological segment is projected to grow at the highest growth rate during the forecast period. This can be attributed to the growing concerns on the environmental impact of chemical compounds and the rising number of cases of insecticide resistance among pests. Additionally, biologicals are gaining preference as they are perceived to be safer than their chemical-based counterparts.
On the basis of end-use sector, the commercial & industrial segment accounted for a larger market share in 2017, due to the increased demand from sectors such as food & beverage manufacturing, food services, hospitality, government organizations, and pharmaceuticals. The demand can be attributed to the need for complying with the local authorities for workplace hygiene and maintenance as a part of the stringent regulations laid by governments.
The North American region dominated the vector control method market in 2017 wherein the US and Canada were the major markets owing to the high demand for vector control services in the residential sector, which, in turn, is expected to grow rapidly in the next five years. In the commercial & industrial sector, stringent implementation of regulations is being carried out to ensure the maintenance of the overall standards for safe and hygienic environment.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Vector Control Market 4.2 Vector Control Market, By Type & Region, 2017 4.3 North America: Vector Control Market 4.4 Vector Control Market, By Application & Region 4.5 Vector Control Market Share: Key Countries
5 Market Overview 5.1 Introduction 5.1.1 Drivers 220.127.116.11 Rising Prevalence of Vectorborne Diseases Worldwide 18.104.22.168 Promotions/Recommendations of Vector Control Methods By Renowned Organizations and Governments 22.214.171.124 High Efficiency, Ease of Application, and Availability of Chemical-Based Vector Control Products 5.1.2 Restraints 126.96.36.199 Lack of Funds in Developing Countries 188.8.131.52 Lengthy Approval Procedure and Absence of Uniform Guidelines for Testing 184.108.40.206 Environmental Hazards of Chemical-Based Vector Control Products 5.1.3 Opportunities 220.127.116.11 Increasing Adoption of Physical Control Methods for Vectors 18.104.22.168 Technological Advancements in Vector Control Products 5.1.4 Challenges 22.214.171.124 Need for Effective Biological Methods for Vector Control 126.96.36.199 Development of Insecticide Resistance Reduces the Effectiveness of Chemical-Based Vector Control Products
6 Industry Trends 6.1 Introduction 6.2 Value Chain Analysis 6.3 Key Trends 6.4 Regulatory Analysis 6.4.1 Introduction 6.4.2 North America 188.8.131.52 US 184.108.40.206 Canada 6.4.3 Europe 220.127.116.11 UK 6.4.4 Asia Pacific 18.104.22.168 Australia 22.214.171.124 India 6.4.5 RoW 126.96.36.199 Argentina
7 Vector Control Market, By Vector Type 7.1 Introduction 7.2 Insects 7.3 Rodents 7.4 Others
8 Vector Control Market, By Method of Control 8.1 Introduction 8.2 Chemical Methods 8.2.1 Pyrethroids 188.8.131.52 Permethrin 184.108.40.206 Deltamethrin 220.127.116.11 Cypermethrin 18.104.22.168 Lambda-Cyhalothrin 8.2.2 Fipronil 8.2.3 Organophosphates 22.214.171.124 Malathion 126.96.36.199 Temephos 188.8.131.52 Chlorpyrifos 8.2.4 Larvicides 184.108.40.206 Pyriproxyfen 8.2.5 Other Chemical Methods 8.3 Physical & Mechanical Control Methods 8.4 Biological Control Methods 8.4.1 Microbials 8.4.2 Predators 8.4.3 Botanicals 8.5 Other Control Methods
9 Vector Control Market, By End-Use Sector 9.1 Introduction 9.2 Commercial & Industrial 9.3 Residential
10 Vector Control Market, By Region
11 Competitive Landscape 11.1 Overview 11.2 Company Rankings 11.3 Competitive Scenario 11.3.1 New Product Launches, Product Developments, and Product Approvals 11.3.2 Collaborations 11.3.3 Expansions 11.3.4 Acquisitions and Mergers