Vector Control Market Size, Trends, and Future Outlook - Exclusive Market Research Report

Vector Control Market by Technology (Chemical, Physical & Mechanical, Biological), Control Method (Comprehensive, Integrated Vector Management, Targeted), Vector Type, End-Use Sector, Mode of Application and Region - Global Forecast to 2029
The global vector control market [https://www.prnewswire.com/news-releases/vector-control-market-worth-29-80-billion-by-2029--exclusive-report-by-marketsandmarkets-302303745.html] is estimated at USD 21.72 billion in 2024 and is projected to reach USD 29.80 billion by 2029, at a CAGR of 6.5% from 2024 to 2029. The key growth drivers in the vector control market are the increasing prevalence of diseases that are transmitted through vectors, growing public awareness about health hazards, and government initiatives to prevent illnesses. Increasing habitats of vectors due to effects such as urbanization and climate change increase the demand for effective measures of control. Improvements in technology, including AI and IoT, provide enhancements in monitoring and control strategies. There is the increasing option of environmentally friendly pest management practices, which goes on to be considered: innovation and investments in eco-friendly vector control solutions.

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Vector Control Market Trends [https://www.theglobeandmail.com/investing/markets/markets-news/GetNews/29588148/vector-control-market-worth-2980-billion-by-2029-key-players-are-basf-se-rentokil-initial-plc-syngenta-group-fmc-corporation-ecolab-rollins-inc-neogen-corporation-bell-laboratories-inc/]

The vector control market has seen significant growth due to the increasing need to combat vector-borne diseases, climate change, and urbanization. Here are some notable trends in the market:

Rising Demand for Integrated Vector Management: Integrated approaches, which combine multiple control strategies, are gaining traction for better disease management and sustainability.

Biological Control Methods: There's a growing preference for environmentally friendly solutions, like using predators, parasites, or genetically modified organisms to target vectors. This reduces the reliance on chemical pesticides.

Technological Innovations: The adoption of advanced technologies such as GIS (Geographic Information Systems) and remote sensing to track and predict the spread of vector-borne diseases is enhancing control efforts.

Increase in Government Initiatives: Many governments and international organizations are ramping up their investments and policies aimed at eliminating diseases like malaria, dengue, and Zika virus, driving demand for vector control solutions.

Expansion of Vector Control in Urban Areas: As urbanization accelerates, vector control strategies are being adapted for city environments where vectors like mosquitoes thrive in places like drainage systems and water storage areas.

Focus on Sustainability and Eco-Friendly Products: With environmental concerns on the rise, there's an increasing shift towards organic and biodegradable vector control products, such as natural insecticides and repellents.

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Chemical segment to hold highest market share during forecast period

The chemical segment is the largest market contributor for vector control since it has successfully controlled most vector-borne diseases. Conventional chemical insecticides include pyrethroids, organophosphates, and neonicotinoids, which have been employed to control mosquitoes and other insects that transmit diseases, such as flies. The chemicals provide quick knockdown effects and broad-spectrum activity for effectively reducing vector populations. Its wide distribution and track record in public health programs and commercial pest management dominate the chemical market.

The dominance of the chemical segment continues unabated even as public interest grows in alternative control methods, such as biological solutions. This is because chemical products can easily cover vast areas with quick effects, and they are thus crucial in managing outbreaks of vector-borne diseases, especially in regions where the incidence of disease is very high. Continued innovations in chemical formulations that include long-lasting residual sprays and slow-release insecticides are improving their effectiveness and reducing their impact on the environment, ensuring that their relevance continues in the vector control market.

The biological segment is growing at a significant CAGR in the vector control market during the forecasted period 2024-2029.

The biological segment of the vector control market is experiencing rapid growth, driven by the rising demand for eco-friendly and sustainable pest management solutions. As concerns over the environmental impact of chemical pesticides grow among consumers and regulatory bodies, there is a strong shift toward targeted biological alternatives that minimize harm to non-target species and ecosystems. Companies like Anticimex (Sweden) are responding to this demand by offering innovative solutions such as Bti treatment. Bacillus thuringiensis israelensis (Bti) is a naturally occurring bacterium that effectively eliminates mosquito larvae while remaining harmless to humans, pets, and other wildlife.

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Asia Pacific region to grow at highest CAGR during forecast period.

Several drivers of the vector control market in the Asia Pacific region include the high prevalence of diseases, such as dengue, malaria, and chikungunya, which are prevalent in most parts of the region. Other factors, such as rapid urbanization and population growth within countries like India, China, and Southeast Asia, increase the areas conducive to breeding vectors, boosting the demand for effective control measures. Efforts of the government and public health programs to eliminate vector-borne diseases, funding from international agencies, and, more recently, advances in vector control products, including eco-friendly and biological solutions, which complement increasing health awareness of vectors, are fuelling growth in this region.

In April 2024, Rentokil PCI, a major pest control service provider in India, acquired HiCare Services Pvt. Ltd. (India), the hygiene and pest management company, through a share purchase agreement. The deal has given Rentokil PCI access to HiCare's customer base, employees, and assets. HiCare is an online and environmentally friendly pest control firm, currently in over 200 cities, offering services to over 25,000 businesses that include eliminating cockroaches, termites, mosquitoes, rodents, and even bed bugs.

Top 10 Companies in the Vector Control Market [https://www.marketsandmarkets.com/ResearchInsight/vector-control-market.asp]

BASF SE (Germany)

Rentokil Initial Plc (UK)

Sumitomo Chemical Co., Ltd. (Japan)

Syngenta Group (Switzerland)

FMC Corporation (US)

Ecolab (US)

Rollins Inc. (US)

Anticimex (Sweden)

Neogen Corporation (US)

Senestech, Inc. (US)

Recent Developments of Vector Control Industry [https://www.linkedin.com/pulse/global-vector-control-market-surpass-2980-billion-2029-rupali-p-imfmf/]

In January 2024, Neogen Corporation (US) announced the launch of the latest addition to its SureKill pest management line, the SureKill Gel Bait Pro Applicator. This product helps reach the target areas easily, reducing the wastage of bait.

In September 2023, Anticimex's Viking Termite & Pest Control acquired Last Bite Mosquito Control, a company recognized for creating mosquito-free and tick-free environments for homes and businesses across eight counties in New Jersey. This will help the company expand its vector control business.

In August 2023, BASF collaborated with the Swiss Tropical and Public Health Institute (Swiss TPH) and Promega Corporation (US), funded by the Bill and Melinda Gates Foundation. The collaboration is expected to positively impact BASF by enhancing its position in the insect control sector. Through the development of novel tools to combat mosquito-borne diseases like malaria, BASF will strengthen its portfolio of vector control products.

Key Questions Addressed by the Vector Control Market Report [https://www.whatech.com/og/markets-research/agriculture/903874-accelerating-growth-in-the-vector-control-market-a-usd-29-80-billion-opportunity-by-2029.html]:

What is the Vector Control Market?

What are the key drivers of the vector control market?

What are the major methods used in vector control?

Which regions have the highest demand for vector control solutions?

Who are the key players in the vector control market?

What are the challenges faced by the vector control market?

How is technology shaping the vector control market?

What are the emerging trends in the vector control industry?

How is government regulation impacting the vector control market?

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