Northbrook, IL -- (SBWIRE) -- 09/11/2019 -- The report "Larvicides Market by Control Method (Biocontrol Agents, Chemical Agents, Insect Growth Regulators), Target (Mosquitoes, Flies), End-use Sector (Public Health, Agricultural, Commercial, Residential, Livestock), and Region - Global Forecast to 2023", published by MarketsandMarkets™, The Larvicides Market is projected to reach USD 952.7 Million by 2023, from USD 751.6 Million in 2018, at a CAGR of 4.86% during the forecast period. The market is driven by factors such as vector-based epidemics or outbreaks, climatic changes, the rise in the pest population, worldwide, and growth in awareness about IPM practices and environmental sustainability.
Browse 64 market data Tables and 39 Figures spread through 143 Pages and in-depth TOC on "Larvicides Market"
The public health sector is estimated to be the largest end-use segment for larvicides in 2018
The usage of larvicides is much higher for public health, compared to other sectors, both in urban and rural areas. Mosquitoes and mosquito-transmitted diseases are among the principal public health concerns challenging governments globally, particularly in tropical and subtropical regions. The larvae of mosquitos are generally present on water bodies such as ponds, lakes, marshes, drains, and swamps, and hence, larvicides are used on these large larval development sites in significant quantities for eliminating threats to public health.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=193619828
Biocontrol agents are projected to be the fastest-growing segment during the forecast period.
Biocontrol agents such as Bacillus thuringiensis israelensis (Bti) and Bacillus sphaericus (Bs) are proven to be effective for larval control, and are safe to the environment, due to the quick knockdown of pests, no cross-resistance with traditionally used pesticides, and favorable toxicological profile. Thus, the market for biocontrol agents is projected to grow at the highest CAGR during the forecast period.
North America is projected to dominate, while Asia Pacific is projected to be the fastest-growing market for larvicides through 2023.
North America is estimated as the largest consumer of larvicides in 2018. It is estimated to be the world's largest market for pest control products in 2018, with the presence of many multinational and national companies in the region. Integrated Mosquito Management (IMM) concept is widely used for controlling mosquitoes. The market in the US and Canada are considerably large due to the effective execution of surveillance and vector control programs, which limit the endemic transmission of diseases such as malaria and dengue fever.
The market for larvicides in the Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023, owing to spread of mosquito-borne diseases, high rate of urbanization, and increase in public intolerance to pests.
Speak to our analyst for a discussion on the above findings@
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies which includes Bayer (Germany), BASF (Germany), Gowan Company (US), Sumitomo Chemical (Japan), Nufarm (Australia), Certis (US), Summit Chemical (US), Syngenta (Switzerland), Adama (Israel), Eli Lily and Company (US), Russell IPM (UK), and Central Garden & Pet Co. (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062