The Larvicides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Larvicides Market is estimated to be USD xx million in 2016 and predicted to rise to USD xx million by 2021 with a CAGR of xx%. The market is segmented by Product (Synthetic, Natural and Biological Larvicides), by Application (Government, Commercial and Residential Applications). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
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.
Based on the type of product, 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. Based on 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.
Asia Pacific leads the larvicides market due to the huge insect population, especially in the humid tropical parts of this region. 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.
Some of the major players in Larvicides market are Valent BioSciences, Central Life Sciences, Bayer Environmental Science, BASF, Clarke, Kadant GranTek, Univa, UPL and Summit Chemical.
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