Larvicides Market Profile Analysis | Global Trend and Revenue | Forecast To 2023
Climatic changes, environmental sustainability, and increase in awareness about IPM (Integrated pest management) practices are likely drive the larvicides market in future.
(firmenpresse) - The worldwide larvicides market is projected to exhibit a healthy CAGR during the forecast period. Larvicide is an insecticide that particularly targets the larval phase of an insect. Larvicides is generally used against mosquitoes. Larvicides may be stomach poison, contact poison, (increasingly) biological control agents, or growth regulators.
Climatic changes, environmental sustainability, and increase in awareness about IPM (Integrated pest management) practices are likely drive the larvicides market in future. The other driving factors include increasing acceptance of physical and biological control process, and growing incidence of vector-borne diseases like malaria, dengue, chikungunya, Lyme disease, West Nile, and Zika. However, high costs associated with larval control procedures will hamper the larvicides market growth in the forecast period.
In the year 2014, Syngenta, a Swiss-based global company that produces seeds and agrochemicals, started the second phase growth of its Innovation Center in Triangle Park. The $94 million growth will comprise 200,000 square feet of specifically designed laboratories, meeting spaces, and office areas connected to the Advanced Crop Lab. In the year 2015, Sumitomo Chemical, a leading Japan-based chemical company developed “SumiLarv® 2 MR”, an innovative, long-lasting larvicide preparation that is effective against dengue fever.
North America is one of the prominent regions and will continue to account for a large share in the larvicides market throughout the forecast period; owing to presence of many national and multinational companies in the region, increase in incidences of diseases, and occurrence of stringent hygiene & food safety legislation.
Leading players operating in the larvicides market include Syngenta, Bayer AG, Sumitomo Chemical Co., Ltd., BASF SE, Certis USA LLC, ADAMA Agricultural Solutions Ltd., Nufarm Limited, Central Garden & Pet Company, Eli Lilly and Company, Russell Ipm Ltd, Gowan Company and Summit Chemical. The top companies are involved in mergers and partnerships, acquisitions, and joint ventures in order to increase the inorganic growth of larvicides.
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Datum: 07.07.2020 - 12:49 Uhr
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