Larvicides Market Research Report - Global Forecast till 2030

Global Larvicides Market Research Report: Information by Type (Microbial, Organophosphates, Insect Growth Regulators, and Others), Form (Solid and Liquid), Target (Mosquitoes, Flies, and Others), Application (Agriculture and Non-Agriculture), and Region (North America, Europe, Asia-Pacific, and RoW)– Forecast till 2030

ID: MRFR/AGR/4899-HCR | November 2022 | Region: Global | 140 Pages         

Larvicides Market

Larvicides Market garner a revenue of USD 1.25 Billion by 2030, with a CAGR of approximately 5.2% during the forecast period, 2022-2030.

Segmentation

By Type Microbial Organophosphates Insect Growth Regulators
By Form Solid Liquid
By Target Mosquitoes Flies
By Application Agriculture Non-Agriculture
By Region North America Europe Asia-Pacific Rest Of The World

Key Players

  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Syngenta (Switzerland)
  • Sumitomo Chemical Co. Ltd (Japan)
  • ADAMA Ltd (Israel)
  • Certis USA LLC (US)
  • Central Garden & Pet Company (US)
  • Nufarm Limited (Australia)
  • Russell IPM Ltd (UK)
  • Gowan Company (US)
  • Isagro (Italy)
  • Arysta LifeScience Corporation (US)

Drivers

  • Rising awareness regarding environmental hygiene
  • Benefits of integrated pest management
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Market Scenario  


The global Larvicides Market is expected to garner a revenue of USD 1.25 billion by 2030, with a CAGR of approximately 5.2% during the forecast period, 2022-2030. 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.In the developing nations, the high price of larval control methods and products is amongst the crucial factor hindering the market growth. Market players are witnessing challenges in their growth due to the uncertainty of the optimum usage dose of larvicides in both agriculture and non-agriculture purposes. Thus, to overcome the hindrances and challenges in the market, larvicide manufacturers are investing in their R&D activities to introduce technologically enhanced larvicides.


Segmentation


The global larvicides market has been segmented based on type, form, target, application, and region.   By type, the global larvicides market has been classified as microbial, organophosphates, insect growth regulators, and others.   The global larvicides market has also been divided, on the basis of form, into solid and liquid.   Based on target, the global market is segregated into mosquitoes, flies, and others.   By application, the global larvicides market has been bifurcated into agriculture and non-agriculture.   The global larvicides market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.   The North America larvicides market has further been segmented into the US, Canada, and Mexico. The Europe larvicides market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The larvicides market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The larvicides market in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players


Bayer AG (Germany), BASF SE (Germany), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd (Japan), ADAMA Ltd (Israel), Certis USA LLC (US), Central Garden & Pet Company (US), Nufarm Limited (Australia), Russell IPM Ltd (UK), Gowan Company (US), Isagro (Italy), Arysta LifeScience Corporation (US), and Eli Lily and Company (US) are some of the key players operating in the global larvicides market.


Regional Market Summary


North America dominated the larvicides market in 2021 and is expected to maintain its dominance throughout the forecast period due to the increasing sale of insect control products in the region, for both agriculture and non-agriculture applications. Moreover, the presence of several prominent players in the region is also driving the market growth of larvicides in North America. However, the Asia-Pacific larvicides market is expected to register the highest CAGR during the forecast period owing to the adoption of advanced pest control methods, increasing incidences of insect-borne diseases, and rising health and hygiene concerns in the region.


Global Larvicides Market, by Type



  • Microbial

  • Organophosphates

  • Insect Growth Regulators

  • Others


Global Larvicides Market, by Form



  • Solid

  • Liquid


Global Larvicides Market, by Target



  • Mosquitoes

  • Flies

  • Others


Global Larvicides Market, by Application



  • Agriculture

  • Non-Agriculture


Global Larvicides Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Larvicides manufacturers

  • Insecticides manufacturers, suppliers, and traders

  • Agricultural associations

  • Raw material suppliers

  • Retailers and wholesalers

  • Traders, importers, and exporters



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1.25 Billion
  CAGR   5.2%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Form, Target, Application, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bayer AG (Germany), BASF SE (Germany), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd (Japan), ADAMA Ltd (Israel), Certis USA LLC (US), Central Garden & Pet Company (US), Nufarm Limited (Australia), Russell IPM Ltd (UK), Gowan Company (US), Isagro (Italy), Arysta LifeScience Corporation (US), and Eli Lily and Company (US)
  Key Market Opportunities   Rise in the prevalence of insect-borne diseases
  Key Market Drivers   Rising awareness regarding environmental hygiene, Benefits of integrated pest management


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Frequently Asked Questions (FAQ) :

Larvicides market is touted to touch USD 1.25 billion by 2030.

Larvicides market is expected to register 5.2% from 2022 to 2030.

Gowan Company, Central Garden & Pet Company, Arysta LifeScience Corporation, Eli Lily and Company, Isagro, BASF SE, ADAMA Ltd, Certis USA LLC, Sumitomo Chemical Co., Ltd, Nufarm Limited, Bayer AG, Russell IPM Ltd, and Syngenta are major players of the global larvicides market.

High prices of larval control products can hamper the global larvicides market.

Larvicides market is driven by the rising cases of insect-borne diseases in developing nations.