Vector Control Industry Valued at $8.9 Billion by 2029 With CAGR of 30.97% | Size and Share Insights
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#What Is the Forecast for the Vector Control Market from 2024 to 2025?#_x000D_
In recent times, the vector control market has demonstrated robust growth. The market worth, projected to increase from $20.53 billion in 2024 to $22.01 billion in 2025, reflects a compound annual growth rate (CAGR) of 7.2%. The historic expansion of this market sector can be linked to factors such as urbanization, population growth, disease control initiatives, environmental issues, the emergence of infectious diseases, and the heightened application of biological control agents._x000D_
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#What Is the Projected Market Size of the Vector Control Market?#_x000D_
It is predicted that the vector control market will experience robust expansion in the coming years. The anticipated growth rate is expected to reach $30.98 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. The surge projected during this period is due to global health campaigns, the more frequent usage of genetic control strategies, capacity enhancement and training, the rising embrace of a unified health strategy, and the growth in urbanization and infrastructural advancement. The period is likely to witness significant trends, such as integrated pest control (ipm), inventive vector surveillance, mobile and telehealth solutions, cross-industry collaborations, and community-based strategies._x000D_
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Major companies operating in the vector control market include Anticimex International AB, Arrow Exterminators Inc., BASF SE, Bayer AG, Bell Laboratories Inc., Syngenta AG, Rentokil Initial plc, Food Machinery Corporation Global Solutions, Ecolab Inc., Rollins Inc., Terminix International Co LP, Massey Services Inc., Ensystex Inc., Yem Chio Co Ltd., Sekisui Chemical Co Ltd., Lohmann GmbH & Co. Kg, Guangzhou Broadya Adhesive Products Co Ltd., Scapa Group plc, The National Leader in Mosquito Control, Adchem Corp, Arkema Group_x000D_
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The escalating occurrence of diseases transmitted through vectors is anticipated to drive the growth of the vector control market. The shifts in climate and geographical distribution exacerbated the spreading of such diseases. This increased occurrence of vector-borne diseases has prompted the utilization of vector control methods. This prevention of vector-based diseases involves eliminating or emptying water-holding containers and employing protocols like pest control. For example, the World Health Organization, a Swiss intergovernmental entity, reported in May 2024 that over 7 million dengue cases were recorded in the Americas by April 2024, a figure significantly higher than the 4.6 million cases for the entire year of 2023. As a result, the vector control market is seeing substantial growth due to the escalating incidence of vector-borne diseases._x000D_
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The vector control market covered in this report is segmented –_x000D_
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1) By Method of Control: Chemical, Physical And Mechanical, Biological, Other Method Of Control_x000D_
2) By Vector Type: Insects, Rodents, Other Vector Types_x000D_
3) By Application: Residential, Commercial, Industrial_x000D_
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Subsegments:_x000D_
1) By Insects: Mosquitoes, Flies, Cockroaches, Ants, Termites_x000D_
2) By Rodents: Rats, Mice, Squirrels_x000D_
3) By Other Vector Types: Birds, Bats, Snakes, Other Wildlife Pests_x000D_
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The vector control market is being stimulated by rapid tech advancements. A growing focus on creating innovative solutions to meet rising industry needs and broaden their global footprint is seen among companies in this market. For example, the Vector Expedited Review Voucher (VERV) Program was launched in December 2023, under the Pesticide Registration Improvement Act of 2022 by the US-based Environmental Protection Agency (EPA). This program aims to incentivize the development of novel mosquito control products, particularly those that can tackle mosquito species resistant to existing insecticides. Given the escalating concerns over mosquito-transmitted diseases like malaria, dengue, and Zika, the VERV Program hopes to inspire firms to formulate new insecticides with unique modes of operation._x000D_
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North America was the largest region in the vector control market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vector control market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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#This Report Delivers Insight On: #_x000D_
1. How big is the vector control market, and how is it changing globally?_x000D_
2. Who are the major companies in the vector control market, and how are they performing?_x000D_
3. What are the key opportunities and risks in the vector control market right now?_x000D_
4. Which products or customer segments are growing the most in the vector control market?_x000D_
5. What factors are helping or slowing down the growth of the vector control market?_x000D_
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#About The Business Research Company:#_x000D_
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