Vector Control Market size is forecast to reach around $25 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Vector control is a method of eliminating an insect or animal that transmits disease. Rise in population coupled with nasty and unhygienic living habits is augmenting the growth of vectors such as mosquitoes and fleas which in turn boosts the demand for vector control chemicals. Increasing health concerns and awareness among people to protect their lives from harmful pathogens is also contributing to the growth of the vector control market share. Furthermore, government policies and awareness programme such as National Vector Borne Disease Control Programme (NVBDCP) also aids the growth of vector control market size.
Type - Segment Analysis
Insect segment hold the largest share of more than 55% in the vector control market in 2019. Insects cause many infectious diseases including malaria, dengue, cholera, chikungunya, and yellow fever. Increase in parasitic infections all over the world is driving the growth of vector control market. In March 2020, World Health Organization (WHO), estimated that Vector-borne diseases account for more than 17% of all infectious diseases, causing more than 700,000 deaths annually. In addition, more than 3.9 billion people in over 129 countries are at risk of contracting dengue with 40,000 deaths every year. Improper solid waste management and water storage systems also give rise to mosquitoes and flies which in turn increases the demand of vector control chemicals.
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Control Method - Segment Analysis
Based on the control method, chemical method segment held the largest share of more than 30% in the vector control market in 2019. According to Trade Map, global imported value of insecticides rose by 2.5% and accounted for approximately $9.43 million in 2019. Chemical method is preferred over biological and physical methods due to its effectiveness and ability to destroy vectors faster. Chemicals such as pyrethroids and organophosphates are neuropoisons as they disrupt insect’s nerve function by altering the rapid kinetic transitions, further causing a weakened state followed by death. World Health Organization’s goal to reduce the mortality due to vector-borne disease by at least 75% up to 2030 boosts the growth of vector control market.
Application - Segment Analysis
Residential segment held the largest share of more than 40% in the vector control market in 2019. High disposable income coupled with increase in standard of living has boosted the construction activities across the world. According to the United States Census Bureau, total of 1,176,000 residential houses were constructed in the U.S in April 2020. Increase in construction activities resulted in huge waste generation that provide favorable conditions for the growth of vectors. Total municipal solid waste generation increased from 262.1 million tons in 2015 to 267.8 million tons in 2017, according to the United States, Environmental Protection Agency (EPA). Thus, improper disposal of waste augments the growth of disease-causing pathogens which in turn escalates the demand for vector control chemicals to kill insects and pests. According to Centre for Disease Control and Prevention, total vector borne disease cases in United States reached 53,591 in 2018.
The outbreak of coronavirus has affected the growth of vector control market. Industries are shuttered all around the world and supply chain has been disrupted due to lockdown. Services and activities for preventing the growth vectors such as mosquito and flies are reduced or suspended because staffs are pulled away to focus on COVID-19 response. However, government steps such as spraying of insecticides in order to maintain hygiene and lower the coronavirus spread in the various states aid the growth of vector control market.
Geography - Segment Analysis
Asia Pacific dominated the vector control market with a share of 40% in 2019 followed by North America and Europe. Population growth and lack of awareness among the people for maintaining hygiene has increased the vector borne disease in developing nations. According to the Indian Ministry of Health & Family Welfare, dengue cases and deaths in country reached 1,36,422 in 2019 from 1,01,192 in 2018. Thus, rise in infections has escalated the demand of vector control chemicals. Furthermore, Indian government expenditure on health care and awareness programmes such as National Vector Borne Disease Control Programme (NVBDCP) which includes National anti -malaria control, National Filaria Control and Kala Azar Control programmes also aids the growth of vector control market in India. NVBDCP aims to eradicate vector causing pathogens and lower deaths caused by it.
Drivers – Vector Control Market
Increasing health concerns and rising popularity of biological method for vector control
Increase in health concerns has led people to use various vector control chemicals to get rid of infection causing insects and pests. Adoption of biological methods for eliminating vectors without degrading the environment is also boosting the vector control market. Biological control agents include predatory fish such as cyprinids and Gambusia affinis that feed on larvae of insects and pests. According to US National Library of Medicine, USA has been the largest source of funding for malaria contributing a total of $11•7 billion between 1990 and 2018 and $876 million in 2018 alone. Thus, government’s expenditure on healthcare also boosts the growth of vector control market.
Rising prevalence of vector-borne diseases in both humans and livestock
Vectors such as ticks and flies harm livestock and also have their major impact on the human health. Large populations of mosquitoes can cause irritation and extensive blood loss to livestock; this can result in reduced productivity and sometimes even death. Mosquitoes have been implemented to carry many different disease pathogens and viruses that infect vertebrates. Furthermore, mosquito feeding may also result in pathogen transmission between livestock reservoirs and incidentally humans. According to WHO, in 2015, a total of US$ 2.9 billion was invested in malaria control and elimination activities. Malaria has also been shown to cost on average nearly US$ 3 per case to households in direct treatment-seeking expenses (3), far exceeding the international minimum level of income of US$ 1.90 that is the benchmark for extreme poverty met by 750 million people worldwide. Thus, growing vector borne disease cases may drive the market growth.
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Challenges – Vector Control Market
Harmful effects on human and government restriction on chemicals
Although vector controls chemicals such as pyrethroids and organophosphates are widely used to kill insects and pests but exposure to these chemicals may cause asthmatic breathing, sneezing, nasal stuffiness, headache, nausea, loss of coordination, tremors, convulsions, facial flushing, and swelling further restraining the growth of market. The ability of insects to produce an enzyme that allows them to resist the insecticides is a major challenge for the vector control market. Moreover, government’s regulation on the use of harmful chemicals also impacts the growth of market. For instance, in August 2018, the U.S. Ninth Circuit Court of Appeals has ordered the Environmental Protection Agency (EPA) to ban “chlorpyrifos” which is an organophosphate insecticide used to kill pests.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the vector control market. In 2019, the market of vector control has been consolidated by the top five players accounting for xx% of the share. Major players in the vector control market are Bayer AG, BASF SE, Syngenta AG, FMC Corporation, Massey Services Inc., Ecolab Inc., Terminix International Company, L.P., Anticimex Group, Arrow Exterminators, Inc., Rollins, Inc., among others.
Acquisitions/Technology Launches
In December 2019, Co-Diagnostics, Inc. has launched their Vector Smart NAM-e (North American Mosquito-East) multiplex test, which detects the eastern equine encephalitis (EEE) virus among mosquitoes, along with West Nile virus (WNV).
In October 2018, Bayer AG has launched an emulsion in water (EW) formulation Aqua K-Othrine for mosquito management in India. It contains an anti-evaporant to protect the water-based spray droplets from evaporative water loss.
Key Takeaways
According to WHO estimations, more than 80% of the world’s population is at risk of one or more vector-borne disease. Thus, rising health concerns further fuel the growth of vector control industry.
Rapid urbanization in India has led to a significant rise in vector borne diseases such as Malaria and Dengue which in turn escalates the demand for vector control chemicals.
Coronavirus pandemic has disrupted the supply chain and stopped the production of vector control chemicals which may hamper the growth of vector control market.
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