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.
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
Global Larvicides Market, by Form
Global Larvicides Market, by Target
Global Larvicides Market, by Application
Global Larvicides Market, by Region
|Market Size||USD 1.25 Billion|
|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|
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.