Bharat Book Provides the Trending Market Research Report on „Global Vector Control Market, Forecast to 2023“ under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, key manufacturers, global presence, and their future prospects.
Vector Control Market is projected to grow to a CAGR of 5.13% during the forecast period
The vector control market is estimated to be USD 15.86 billion in 2018 and is projected to grow at a CAGR of 5.13% from 2018, to reach USD 20.37 billion by 2023. The market is expected to gain momentum due to the rising awareness of health issues caused by vectors. Factors such as high-efficiency of chemical-based vector control methods and the rise of prevalence of vector-borne diseases are expected to drive the market. On the other hand, the process of chemical control of the vector control products and the environmental hazards of chemical vector control products are expected.
Request a free copy of Vector Control Market Report @ https://www.bharatbook.com/request-sample/1000550 The biological method of control is expected to grow at least once during the forecast period
Stringent regulations concerning the use of chemical insecticides are in place in North America and Europe. This is considered to be a potential alternative to biological vector control methods, which are perceived to be safe as compared to their chemical-based counterparts. The biological segment is projected to grow at the highest rate. Biological control methods include the beneficial action of microbials, insects, nematodes, botanicals, and insecticides on insects.
The commercial & industrial segment is expected to dominate the vector control market through 2023
The dominance of the commercial and industrial sector is particularly important in Asia Pacific countries. This is a result of the stringent regulations and procedural guidelines by governments and other specialized agencies. Globally, the market is further driven by factors such as mandatory audits for certifications such as ISO 9001 and ISO 22000 and stringent implementation of regulations by the US EPA for certain sectors.
Asia Pacific is projected to grow at the highest rate during the forecast period
Asia Pacific is projected to become the fastest-growing market for vector control between 2018 and 2023. The region has been receiving significant support for its use of public health services operations. The rapidly growing population and urbanization have resulted in the demand for sanitary efforts, which include procurement of vector control products. Mosquitoes and rodents are among the many vectors in the Asia Pacific region and are expected to supply fuel for the next six years.
The vector control market is segmented region-wise, with a detailed analysis of each market by studying the individual competitive landscapes. The regions covered in this report include North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Breakdown of the profile of primary participants is as follows:
– By Company Type: Tier 1 – 20%, Tier 2 – 30%, and Tier 3 – 50% of
– By designation: C-level executives – 15%, directors – 60% , and Others * – 25%
– By Region: Asia Pacific – 40%, Europe – 30%, Americas – 20%, and RoW – 10%
* Others include sales managers, marketing managers, and product managers.
Note: Three tiers of the companies are defined on the basis of their total revenues in 2016 or in 2017 as per the availability of financial data. (Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million <= Revenue <= USD 1 billion; Tier 3: Revenue < USD 100 million)
The key manufacturers in the vector control market are Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Bell Laboratories, Inc. (US), and FMC Corporation (US). The key service providers in the industry are Rentokil Initial plc (UK), Ecolab (US), The Terminix International Company LP (US), Rollins, Inc. (US), Anticimex Group (Sweden), Arrow Exterminators, Inc. (US), Massey Services Inc. (US), and Ensystex (US).
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