The Latin America Larvicides Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026.
Insecticides which are used to specifically target larvae of insects preventing them to grow into insects are known as larvicides. As mosquito is the most common foe for humans, larvicides are most used against them. Different larvicides kill larvae in different ways. They may be growth regulators, contact poisons and stomach poisons.
Biological agents such as Bacillus species are also used to kill the larvae. Once the insects are exposed to the bacterium, they cannot digest the consumed food and eventually perish. Natural agents such as neem oil are very effective against insects. Research shows the efficiency rate as more than 95%. The application methods are to be carefully selected for applying larvicides. Spraying the liquid larvicides is the most common method used. Care should be taken that harmful chemicals should not be mixed with stagnant water which might be consumed by humans in the future.
Drivers and Restraints of Latin America Larvicides Market:
Increasing number of diseases such as malaria and dengue, the causing organisms being spread by mosquitoes is the major factor driving the larvicides market. Increasing investments of governments on prevention of mosquitoes in the residential areas, growing awareness among the population regarding the diseases spread by various insects and availability of several options to kill the insects in development stage are propelling the market growth. However, stringent regulations on the usage of larvicides and toxicity issues are restraining the market growth.
Latin America Larvicides Market - By Product:
Synthetic
Synthetic larvicides hold the largest market share due to their easy availability in commercial scale. Due to the growing environmental concerns, the revenue of natural and biological larvicides is rapidly growing in the market.
Latin America Larvicides Market - By Application:
Governments contribute the majority of the revenue in larvicides market. It is due to prevent several diseases which might be spread by the insects.
The Market is Geographically divided into:
Latin America:
Latin America is expected to be the fastest growing market for larvicides. Developing countries such as Brazil who can now afford to invest in preventing insect population are driving the market growth in this region.
Key Players:
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