Larvicides Market Professional Study with Industry Opportunities,Revenue,Investor Analysis,Research,Leading Players,Future Investment till 2023

“Larvicides Market”
Larvicides Market Information by Type (Microbial, Organophosphates, Insect Growth Regulators), Form (Liquids, Tablets, Pellets, Granules), Target (Mosquitoes, Flies), Application (Public Health, Agriculture, Residential), & Region—Forecast till 2023

Larvicides Market Overview:-

Larvicides are insecticides used for killing mosquito larvae and pupae. The killing of mosquito larvae before they emerge as adults can reduce or eliminate the need for ground or aerial application of pesticides to kill adult mosquitoes. Moreover, larviciding can reduce the overall pesticide use in a control program.  

The growth of the global larvicides market is primarily driven by the increasing prevalence of vector-borne diseases such as dengue, malaria, chikungunya, Zika, West Nile, and Lyme disease. According to the World Health Organization (WHO), vector-borne diseases account for more than 17% of all infectious diseases, causing over 700,000 deaths per year. An estimated 216 million cases of malaria were reported in 91 countries and the deaths caused by malaria reached 445,000 in 2016. The WHO also stated that Africa was home to 90% of all malaria cases and 91% of malaria deaths in 2016.

Leading Key Players:-

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).

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The other prone regions include Asia, Latin America, the Middle East, and several parts of Europe. The adoption of the WHO Global Technical Strategy for Malaria by the World Health Assembly in May 2015, which provides a technical framework for all malaria-endemic countries, is expected to drive the demand for larvicides. The strategy aims to reduce malaria case incidences and malaria mortality rates by at least 90% by 2030.

It also aims to eliminate malaria in around 35 countries and prevent the resurgence of the disease in malaria-free countries. The outbreak of the Zika virus in Brazil in 2015 gained international attention. Prevention of such outbreaks is expected to drive the demand for larvicides in the coming years. Additionally, the increasing demand for larvicides in agricultural pest control is likely to fuel market growth.

Segmentation:-

The global larvicides market has been segmented on the basis of type, form, target, application, and region.

On the basis of type, the market has been categorized as microbial larvicides, organophosphates, insect growth regulators, and others.

Based on form, the global larvicides market has been segmented into liquid, tablets, pellets, granules, and briquettes.

By target, the global larvicides market has been segmented into mosquitoes and flies.

By application, the market has been divided into public health, agriculture, commercial, residential, and livestock.  

Regional Analysis:-

The global larvicides market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in North America dominated the global larvicides market in 2017 due to the increasing prevalence of vector-borne diseases. The effective execution of vector control programs in the region is driving market growth.

The European market accounted for the second-largest market share in 2017 on account of the high health awareness among citizens.

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Asia-Pacific is expected to witness significant growth due to the rising prevalence of the diseases and increasing health awareness.

The Latin American market is projected to register considerable growth due to the presence of breeding environments and an established agricultural industry in the region.

The increasing demand for pest control in agriculture is expected to drive market growth in the Middle East & Africa.

Some of the recent developments observed in the market include product launches. For instance, in 2015, Sumitomo Chemical Co., Ltd developed a mosquito larvicide SumiLarv 2 MR for preventing dengue fever is effective for a long period of time.

Larvicides Market Intended Audience:-

  • Larvicides manufacturers
  • Traders and distributors of larvicides
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratories

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