The Vector Control Global Market Report 2023, provides comprehensive information on the vector control market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Vector Control Global Market Report 2023, the market size is expected to grow 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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Technological advancements are a key trend driving the vector control market. 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.
The vector control market is segmented:
1) By Method of Control: Chemical, Physical and Mechanical, Biological, Other Method Of Control
2) By Vector Type: Insects, Rodents, Other Vector Types
3) By Application: Residential, Commercial, Industrial
North America was the largest region in the vector control market in 2022.
The table of contents in TBRC’s vector control market report includes:
- Executive Summary
- Vector Control Market Characteristics
- Vector Control Market Trends And Strategies
- Vector Control Market – Macro Economic Scenario
- Vector Control Market Size And Growth
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- Africa Vector Control Market
- Vector Control Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Vector Control Market
- Vector Control Market Future Outlook and Potential Analysis
- Appendix
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