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Global Vector Control Market 2023 Opportunity Assessment, Key Drivers, Business Statistics And Forecast To 2032 | Major Players Are Anticimex Group, Arrow Exterminators Inc., BASF SE, Bayer AG, Bell Laboratories Inc
Vector Control Market
The Business Research Company's Vector Control Global Market Report 2023 identifies rising prevalence of vector-based diseases as the major driver for the Vector Control Market's growth in the forecast period. Due to such growing prevalence of vector-borne diseases has led to the adoption of vector control methods. These methods of preventing vector-based diseases is done by removing or dumping out water-holding containers and applying vector control methods such as pest control.
The global vector control market size grew from $17.91 billion in 2022 to $19.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global vector control market is expected to grow to $24.64 billion in 2027 at a CAGR of 6.4%.
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Major competitors in the vector control market are Anticimex Group, Arrow Exterminators Inc., BASF SE, Bayer AG, Bell Laboratories Inc., Ecolab Inc.
A key trend in the Vector Control Market includes technological advancement. The companies operating in the vector control market are increasingly focusing on developing innovative products to meet fast-growing industry demands and expand their business presence across the globe. For instance, in December 2021, Vectorcide International Ltd., a UK-based manufacturer of products for the reduction of vector-borne diseases, launched Vectorcide RP2 Coating, a green Eco-friendly mosquito repellent. Vectorcide RP2 Coating is a one-of-a-kind, safe, and highly effective indoor treatment. As it dries, the coating seals the capsules within the surface. (There are more than 20 billion capsules per square metre.) Typically, the capsules continue to release their active continuously over time through diffusion, and when the mosquito clings to the VC RP2 Coating treated surface, the insect's pin-like legs puncture the capsules. The entire insect is covered in several technically advanced ingredients, including the repellent, using the company's unique release mechanism.
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The Vector Control Market is segmented -
By Method of Control: Chemical, Physical and Mechanical, Biological, Other Method Of Control
By Vector Type: Insects, Rodents, Other Vector Types
By Application: Residential, Commercial, Industrial
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Vector Control Market.
The Business Research Company's "Global Vector Control Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vector Control Market Include:
1. Executive Summary
2. Vector Control Market Characteristics
3. Vector Control Market Trends And Strategies
4. Vector Control Market - Macro Economic Scenario
5. Vector Control Market Size And Growth
……
26. Africa Vector Control Market
27. Vector Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vector Control Market
29. Vector Control Market Future Outlook and Potential Analysis
30. Appendix
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