Larvicides Industry Overview
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
*Disclaimer: Major Players sorted in no particular order
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Larvicides Market Analysis
The larvicides market is estimated to register a CAGR of 5.7% during the forecast period (2022-2027). The sudden outbreak of COVID-19 led to the implementation of stringent lockdown regulations across several nations, resulting in disruptions in the import and export activities of larvicides. Local government departments and mosquito control districts lead large-scale mosquito control activities during an outbreak. One activity is to apply larvicides. Licensed mosquito control professionals apply Environmental Protection Agency (EPA)-registered larvicides using backpack sprayers, trucks, or airplanes, depending on the size of the area being affected.
According to the WHO, 40% of the population living in underdeveloped countries is at risk of serious diseases, such as malaria, which is one of the life-threatening diseases caused by parasites transmitted by female anopheles mosquitoes. For instance, in 2017, there were an estimated 219 million malaria cases in 87 countries, and the total funding for malaria control was estimated at USD 3.1 billion. State contributions from tropical countries contributed to USD 900 million, accounting for 28% of total funding. An increasing number of disease outbreaks, vector-based epidemics, and growing pest attacks are some of the major factors driving the larvicides market globally. Among the regions, Asia-Pacific holds the major share in the larvicides market due to climate change, which poses a threat to public health caused by urban pests.
Larvicides Industry Segments
The larvicides market is segmented by control method, product type, application, and geography. The report offers market size and forecast in terms of value (USD million) for all the above segments.
|Bio Control Agent|
|Insect Growth Regulator|
|Other Target Insects|
Larvicides Market Trends
This section covers the major market trends shaping the Larvicides Market according to our research experts:
Mosquito-borne Diseases Drive the Larvicides Market
Mosquito-borne diseases have become devastating in most countries, such as South America. Venezuela reported 126 deaths in 2019 due to malaria. Deadly diseases such as malaria, chikungunya, and dengue can be managed by larvicide. For example, the disease outbreaks such as the Zika virus have made the European region more susceptible to the spread of mosquito populations. Sub-Saharan Africa, the Middle-East, Latin America, Asia, and several parts of Europe are malaria-affected regions. Thus, the concerns about increasing dengue and malaria cases create an opportunity for the larvicides market in the target region. Additionally, government spending in the developing sector and the involvement of multinational companies drive the larvicides market.
Factors such as the increasing prevalence of vector-borne diseases, epidemics, climatic changes, rising pest population, and ecological sustainability are driving the market’s growth.
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North America Dominates the Market
North America is estimated as the largest consumer due to the presence of many multinational companies in the region. The US and Canadian markets are huge due to effective surveillance and vector control programs. North America accounted for the largest share in 2017, followed by Europe. Asia-Pacific is projected to record the highest CAGR due to the spread of mosquito-borne diseases. High urbanization and rising public intolerance of pests are anticipated to fuel the larvicides market in the future.
Liquid larvicide products are applied directly to water using sprayers. Tablet, pellet, granular, and briquet formulations of larvicides are also widely applied by mosquito controllers to breeding areas. In the United States, the Environment Protection Agency (US EPA) registered three major types of larval control agents, i.e., microbial larvicides, insect growth inhibitors, and chemical insecticides (mainly temephos). Bacillus thuringiensis israelensis (Bti) is a naturally occurring soil bacterium that can effectively kill mosquito larvae present in water. Aquabac, Teknar, Baltimore, and Vectobac are some of the commercially available Bti strains.
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Larvicides Market Competitor Analysis
The larvicides market is highly fragmented. The major players use various strategies such as joint ventures, new product launches, partnerships, agreements, expansions, and mergers and acquisitions to increase their footprint in the market.
Larvicides Market Top Players
*Disclaimer: Major Players sorted in no particular order
Larvicides Market Recent Developments
In May 2020, ADAMA Ltd acquired the remaining 51% stake in Alfa Agricultural Supplies SA (“Alfa”), a leading Greek provider of crop protection and other agriculture-related inputs.
In July 2019, ADAMA US announced a new service offering for its customers. ADAMA Eagle Eye powered by Agremo offers an advanced analysis of aerial data and imagery that helps growers protect yields more efficiently through user-friendly maps, statistics, and other practical tools.
In 2018, BASF's agrochemical division reported that due to the Guinea Worm Eradication Program, cases of Guinea Worm Disease came down to 28 from 3.5 million.
Larvicides Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.2 Control Method
5.2.1 Bio Control Agent
5.2.2 Chemical Agent
5.2.3 Insect Growth Regulator
5.3 Product Type
5.3.1 Synthetic Larvicides
5.3.2 Natural Larvicides
5.3.3 Biological Larvicides
5.4 Target Insect
5.4.3 Other Target Insects
5.5.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of the Asia-Pacific
5.5.4 South America
184.108.40.206 Rest of South America
220.127.116.11 South Africa
18.104.22.168 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.3 Sumitomo Chemical
6.3.5 Summit Chemical
6.3.7 Russell IPM
6.3.8 Central Garden & Pet Co.
6.3.9 Eli Lily and Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF IMPACT OF COVID-19 ON THE MARKET
Larvicides Market Research FAQs
What is the study period of this market?
The Larvicides Market is studied from 2018 - 2028.
What is the growth rate of Larvicides Market?
The Larvicides Market is growing at a CAGR of 5.7% over the next 5 years.
Which region has highest growth rate in Larvicides Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Larvicides Market?
North America holds highest share in 2021.
Who are the key players in Larvicides Market?
Adama, BASF, Sumitomo Chemical, Certis, Summit Chemical are the major companies operating in Larvicides Market.
Larvicides Industry Reports
In-depth industry statistics and market share insights of the Larvicides sector for 2020, 2021, and 2022. The Larvicides research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Larvicides report PDF.