The larvicides market is projected to grow at a CAGR of 5.13% between 2025 to 2030.
Larvicides are insecticides targeted against the larval life stage of an insect. They are most commonly used against mosquitoes. The larvicides market is expected to have significant market growth due to the rising prevalence of vector-borne diseases and efforts taken to control them. Climate change also increases the risk of diseases. Increasing adoption of the integrated pest management system and greater awareness about environmentally safe practices is expected to fuel the market growth.
However, the high cost of larval control methods and larval resistance to commonly used pesticides are expected to hamper the market growth. By end-use, the Public Health segment is estimated to have the largest market share due to an increased threat to public health due to mosquito-borne diseases. By control method, the chemical agents segment is expected to have the largest market share as it is extensively used for the treatment of water infested with larvicides. By geography, North America is expected to have the largest market share due to the presence of a number of companies in this region.
DRIVERS
Rising prevalence of vector-borne diseases
Increasing adoption of the integrated pest management system
Increasing awareness about environmentally safe practices
RESTRAINTS
The high cost of larval control methods
Larval resistance to commonly used pesticides
INDUSTRY UPDATE
In September 2018, Valent U.S.A. LLC and Nufarm Americas, Inc. the two companies signed a 5-year distribution agreement extending Nufarm Americas’ position as the exclusive distributor of a broad portfolio of Valent branded products.
Sumitomo Chemical announced in May 2017 a novel long-lasting larvicide product – SumiLarv® 2MR, which has been specifically designed for container breeding mosquitoes. It received WHOPES recommendation.
In April 2018, Sumitomo Chemical, together with four other leading crop protection companies-BASF, Bayer, Mitsui Chemicals, and Syngenta-issued a joint statement, at the London Commonwealth Heads of Government Meeting held this week, that they will remain firmly committed to supporting the research, development, and supply of innovative products to eradicate malaria by 2040.
SEGMENTATION
The Larvicides Market has been analyzed through the following segments:
By control method
Biocontrol agents
Chemical agents
Insect growth regulators
Others
By end use
Public Health
Agriculture
Commercial
Residential
Livestock
By target
Mosquitoes
Flies
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others