BASF SE (Germany) and Rentokil Preliminary plc (UK) are the primary gamers within the vector management market
Factors such as the increasing prevalence of vector-based diseases worldwide, government funding for their disease / vector eradication programs, and the efficiency of chemical vector control products have been the main drivers of the growth of the vector control market.
The vector control market is projected to reach 20.37 billion by 2023, with an annual growth rate of 5.13% from 2017 to 2023. The market is being driven by the increasing prevalence of vector-borne diseases worldwide.
The changing climatic conditions and ineffective waste management, especially in developing countries where public health and sanitation play an important role in the overall growth of the market
The vector control market is segmented into products and services with the main players in both areas having a share of the world market, thereby disorganizing the entire sector. The wide variety of products and services offered by these companies, their strong brand equity, their large geographic footprint in terms of manufacturing and service, R&D units and distributors are the factors driving the growth of this market.
The most important manufacturers in the vector control market are Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Bell Laboratories, Inc. (USA) and FMC Corporation (USA).
Important service providers in the industry are Rentokil Initial plc (Great Britain), Ecolab (USA), The Terminix International Company LP (USA), Rollins, Inc. (USA), Anticimex Group (Sweden) and Arrow Exterminators, Inc.
(USA), Massey Services Inc. (USA) and Ensystex (USA).
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In terms of products, BASF SE is one of the main players in the vector control market. The company has operating locations in 80 countries as well as production sites in around 390 countries in North and South America, Europe, the Asia-Pacific region, Africa and the Middle East. BASF SE offers a wide range of insect control products.
Apart from that, the company has broad geographic coverage on five continents and a strong focus on research and development for product innovation. In the insect control market, BASF SE maintains its position through organic strategies for developing new products.
In July 2017, BASF SE received a recommendation from the World Health Organization (WHO) for its innovative product Interceptor G2, a durable insecticide-treated mosquito net (LN) based on chlorobapyr. This is the WHO’s first recommendation in more than 30 years for a product based on a new class of insecticide.
Rentokil Initial plc is a major player in products and services in the vector control market. The company operates in four segments: pest control, workwear, hygiene and others.
The company specializes in products and services for pest control, hygiene and safety in the workplace. As part of pest control, the company uses innovative technological solutions through customer extranets, rodent protection and pest control.
Rentokil Initial has gained expertise through research and development in the pest industry. The company operates in 66 countries and has become a leader in professional pest control in emerging markets such as South America and the Asia-Pacific region.
The company also has considerable operational and financial strength and is focused on growing the pest control market through inorganic strategies such as acquisitions and collaborations. With its world-class digital technologies, strong brand equity and industry expertise, Rentokil has addressed high-density markets such as China, India and Brazil with the introduction of innovative products and services.
Over the years Rentokil Initial has grown into a strong pest control service provider in both the commercial and private sectors. In November 2017, the UK-based company acquired Vector Disease Acquisition, LLC (VDA), North America’s largest provider of mosquito control services.
This acquisition helped the company meet the growing global demand for pest control.
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