Larvicides Market Insights, Business Opportunities and Forecast to 2024

Research Reports

Jan 22, 2021

Market Overview

Global Larvicides Market is expected to garner a revenue of USD 960 million by 2024, with a CAGR of approximately 4.2% during the forecast period, 2019–2024. Larvicides are insecticides that kill or restrict the growth of insects during the larval stage. Rise in the prevalence of insect-borne diseases, especially in the developing and least developed nations is the primary determinant boosting the global sales of larvicides. Moreover, rising awareness regarding environmental hygiene and the benefits of integrated pest management are also driving the growth of global larvicides market. However, frequent application of certain insecticides has increased larval resistance, which, in turn, is hampering the sales of larvicides.

Market Segment

Global Larvicides Market has been segmented by type, form, target, application, and region.

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Based on type, the market has been segregated into liquids, tablets, pellets, granules, and briquettes. The liquid form of larvicides is highly preferred due to their ease of application and effectiveness.

By application, the market has been segmented into public health, agriculture, commercial, residential, and livestock. The public health segment accounted for the largest market share in 2017. This can be attributed to climatic changes and population mobility resulting in favorable environments for pest growth.

Competitive Analysis

Some of the manufacturers operating in the Global Larvicides Market are Bayer AG (Germany), BASF SE (Germany), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd (Japan), Adama Agan Ltd (Israel), Certis USA LLC (US), Central Garden & Pet Company (US), Nufarm Limited (Australia), Russell IPM Ltd (UK), Gowan Company (US), Isagro (Italy), and Arysta LifeScience Corporation (US).

Regional Analysis

The larvicides market has been analysed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Increasing health awareness among citizens coupled with the high spending on healthcare in Europe is expected to drive product demand in the region during the forecast period.

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