Market Scope
Market Research Future (MRFR) studied the global larvicides market 2021 for the review period till 2030.
What is the valuation of the global larvicides market?
According to MRFR review, the larvicides market share is expected to rise at approximately 5.2% CAGR over the forecast period. By 2030, the larvicide market is expected to garner revenue of about USD 1.25 billion.
Drivers and Restrains Impacting Larvicides Market
The group of insecticides that kills insects at their larval stage or restrict the growth beyond larva. The growing prevalence of insect-borne diseases in plants and the adoption of larvicide to prevent the same can underpin the growth of the larvicides market. The increasing adoption of larvicide in modern farming practices, especially across developing regions, can prompt the rise of the larvicide market in the approaching years. The rise in global sales of larvicides can improve the impetus of the market over the years to come.
The rise in concern regarding environmental hygiene and spreading awareness about benefits of integrated pest management can support the global larvicides market upsurge. On the contrary, frequent application of some type of insecticides can increased larval resistance, which, in turn, can hinder the sales of larvicides; thus, can act as a restraint on the global larvicide market in the years to come.
Across developing economies, the high price of larval control products and method deployed for application are other additional causes that can hinder the market rise. Marketers are also experiencing challenges to thrive owing to the uncertainty of the dosage for using optimum as larvicides in both non-agriculture and agriculture purposes. These companies are striving overcome these challenges and larvicide manufacturers are funding RD activities to launch technologically enhanced larvicides that can counter the market slow-down.
Segment Assessment of Larvicides Market
The segment study of the global larvicides market trends is based on type, application, form, and target.
The type-based segments of the global larvicides market are microbial larvicides, insect growth regulators, and organophosphates among others. Microbial larvicides are formulated of a natural toxin that when delivered to the intended target organisms can induced death. The crucial benefit of larvicides is its environmental friendliness that can support the market rise in the years to come. The growing demand for bacterial larvicides that includes Bacillus thuringiensis, Bacillus sphaericus, and Romanomermis culicivorax, can promote the market rise in the years to come.
The type-based segments of the larvicide market are liquids, granules, tablets, pellets, and briquettes. The high preference of liquid form of larvicides due to their easy application and high effectiveness can support the growth of the liquid segment in the review period.
The target-based segments of the larvicide market are flies and mosquitoes. The segment of mosquitoes can acquire the largest share of the global market due to the surge in number of diseases that carried by them, such as; dengue fever, chikungunya, Zika, malaria, lymphatic filariasis, West Nile, Lyme disease, and Chagas’ disease, among others.
The application-based segments of the larvicide market are public health, commercial, agriculture, livestock, and residential. The public health segment can hold the largest share of the overall market by 2023 due to climatic changes and mobility of population resulting in environments favorable for pest growth.
Regional Analysis of Larvicides Market
The chemicals market has been analyzed with major five regions, namely, Asia-Pacific, North America, Europe, Latin America, and also the Middle East Asia Africa. Mosquito-borne diseases became devastating in most countries, corresponding to Latin America and Africa. Deadly diseases such as malaria, chikungunya, infectious disease is managed by larvicide use. The larvicide market in North America dominated the world larvicides market in the near future on account of the growing prevalence of vector-borne diseases within the region. Increasing health awareness among people and presence of better disbursement facilities, along with better agricultural care solutions in Europe are causes that can underline the upscaling demand for larvicide in Europe, thus can support EU market throughout the forecast term. The larvicide market in the Asia Pacific region is predicted to grow considerably thanks to the increasing prevalence of vector-borne diseases not to mention the high product demand within the agriculture business in the region.
Competitive Dashboard of Larvicides Market
BASF SE (Germany), Bayer AG (Germany), Sumitomo Chemical Co., Ltd (Japan), Syngenta (Switzerland), Central Garden Pet Company (US), Adama Agan Ltd (Israel), Certis USA LLC (US), Russell IPM Ltd (UK), Gowan Company (US), Nufarm Limited (Australia), Arysta LifeScience Corporation (US), and Isagro (Italy) are some key players functioning in the global larvicides market that are listed by MRFR.
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