Market Size of Larvicides Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.95 Billion |
| Market Size (2029) | USD 1.26 Billion |
| CAGR (2024 - 2029) | 5.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Larvicides Market Analysis
The Larvicides Market size is estimated at USD 0.95 billion in 2024, and is expected to reach USD 1.26 billion by 2029, growing at a CAGR of 5.70% during the forecast period (2024-2029).
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.
