Global Larvicides Market, By Target (Mosquitoes, Flies and Others), Form (Solid and Liquid), Control Method (Bio control Agents, Chemical Agents, Insect Growth Regulators and Other Control Methods), End Use Sector (Public Health, Agricultural, Commercial, Residential and Livestock), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the larvicides market will project a compound annual growth rate (CAGR) of 4.90% during the forecast period of 2021-2028. Increasing occurrences of vector borne diseases, surge in the application of larvicides by the various end user verticals such as public health, agricultural, commercial, residential, and livestock, and rapidly increasing industry competitiveness are attributable to the growth of larvicides market. This means that the larvicides market value, which was USD 0.8 billion in 2020 will climb up to USD 1.17 billion by the year 2028.
From the name itself, it is clear that larvicides are the chemicals that are used to kill mosquitoes, biting flies, and other such larvae insects. These insects can spread deadly diseases in humans, such as dengue and malaria. However, the thing to be noted is that larvicides are not harmful for humans, vertebrate pets, livestock, or environment.
Rising prevalence of dengue, malaria, zika virus, and other such diseases will emerge as the major factor fostering the growth of market. Rising initiatives taken up by the government to spread awareness regarding such deadly diseases will also act as an important factor determining the growth of market. Increased focus on the technological advancements in integrated pest management systems coupled with increasing personal disposable income will further create lucrative and remunerative growth opportunities for the market. Rising industrialization, globalization, and increased focus of the farmers towards multiplication of productivity will also carve the way for the growth of the market. Also, increasing adoption of physical and biological control methods will bolster the market growth rate.
However, fluctuations in the prices of raw materials and high costs associated with larval control methods and techniques will pose a major challenge to the growth of market. Also, lack of awareness in the underdeveloped economies will further slow down the market growth rate. Further, in some cases larvicides have led to the increase in larval resistance and this will also create hindrances.
This larvicides market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on larvicides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Larvicides Market Scope and Market Size
The global larvicides market is segmented on the basis of target, control method, form, and end use sector. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of target, the larvicides market is segmented into mosquitoes, flies, and others. Others have been further segmented into ants, fleas, thrips, fungus gnats, nematodes, and beetles.
- Based on control method, the larvicides market is segmented into bio control agents, chemical agents, insect growth regulators, and other control methods. Bio control agents have been further segmented into bacillus Spp., and others. Chemical agents have been further segmented into organophosphates, and others. Insect growth regulators have been further segmented into methoprene, pyriproxyfen, diflubenzuron, and others. Other control methods have been further segmented into surface oils and films, and mechanical control.
- Based on the form, the larvicides market is segmented into solid, and liquid.
- The larvicides market is also segmented on the basis of end use sector. The end-use sector is segmented into public health, agricultural, commercial, residential, and livestock.
Larvicides Market Country Level Analysis
The global larvicides market is analyses and market size, volume information is provided by country by target, control method, form, and end use sector as referenced above.
The countries covered in the larvicides market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the larvicides market during the forecast period owing to the several national and multinational companies in the region. Asia-Pacific region is set to undergo high substantial gains during the forecast period and register the highest compound annual growth rate (CAGR) for this period. This is because of the increasing mosquito-borne diseases and increasing personal disposable income.
The country section of the larvicides market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Larvicides Market Share Analysis
The global larvicides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to larvicides market.
The major players covered in the larvicides market report are BASF SE, Bayer AG, Syngenta, ADAMA India Private Limited, Sumitomo Chemical (UK) plc, Certis USA L.L.C., Summit Chemical, Inc., Central Garden & Pet Company., Nufarm Australia, Russell IPM Ltd, Gowan Company, Valent BioSciences LLC, Clarke, Central Life Sciences, Kadant Inc., BÁBOLNA BIO Kft., McLaughlin Gormley King Company, AllPro Vector Group and Eli Lily and Company among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.