PUNE, India, April 20, 2018 /PRNewswire/ --
The report "Vector Control Market by Vector Type (Insects and Rodents), End-use Sector (Commercial & Industrial and Residential), Method of Control (Chemical, Physical & Mechanical, and Biological), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to grow at a CAGR of 5.13% from an estimated value of USD 15.86 Billion in 2018, to reach USD 20.37 Billion by 2023.
Browse 71 market data Tables and 52 Figures spread through 154 Pages and in-depth TOC on "Vector Control Market"
Early buyers will receive 10% customization on this report
The market is driven by factors such as rising prevalence of vector-borne diseases worldwide, rising awareness for vector control methods by renowned organizations such as the WHO, and the high efficiency of chemical-based vector control products.
The chemical segment, by method of control, was the largest in the Vector Control Market in 2017.
The chemical-based method of control was observed to be the most preferred method, particularly in the North American region as it 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 an increased demand from endemic countries such as Tanzania, Uganda, Mozambique, and certain Asian countries such as India, China, and Indonesia.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=265146798
Rodents, by vector type, is projected to witness the highest growth rate over the next five years.
The rodent control segment is projected to grow at the highest rate during the forecast period owing to the increasing initiative programs by public health authorities to control global outbreaks of lethal diseases such as Hantavirus and Hemorrhagic fever with renal syndrome (HFRS). This is followed by the insect control segment owing to the high demand of mosquito control solutions in the North American and Asia Pacific regions.
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 conducive to insect and rodent growth. There is also an increase in the middle-class population, who are aware of vector-borne diseases leading to the growing demand for vector control products for vectors such as mosquitoes and rodents.
This report includes a study of marketing and development strategies, along 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).
Know more about the Vector Control Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/agriculture-industry
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets