The global adulticides market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the rise in number of online & offline distribution channels, growing prevalence of diseases such as malaria, yellow fever and dengue, and increasing awareness among general population. Development of integrated marketing strategies and increasing promotional activities via television, billboards, newspapers and hoardings by market players are contributing factors for robust market growth over the forecast period.
Rising promotional campaigns by local governments to create regarding mosquito-borne diseases is expected to favor market growth across the globe. Globally, adulticides market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of adulticides. Adulticides generally adopted for fogging and spraying application in order to monitor adult mosquito’s growth.
Growing prevalence of vector-borne diseases is key market trend associated with adulticides market. Development of innovative & efficient products by vendors is expected to fuel market demand over the coming years. Large number of countries with the tropical and sub-tropical climate are favorable for growth of insects like mosquitoes to survive and breed, thereby propelling demand for adulticides services over the forecast period. However, excessive use of harmful chemicals, such as DEET, in different adulticides is expected to restrain market growth to a certain extent. Additionally, too much exposure to adulticides can lead to ill effects on health, which is likely to limit industry progress.
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The adulticides market is broadly categorized into four major segments based on the product type such as biologicals, insect growth regulators, chemicals, and surface films or oils. Insect growth regulators segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of insect growth regulators segment is attributed to the increasing product penetration and favorable government policies to promote health hygiene.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.
Asia-Pacific region is estimated to hold a major share in the adulticides market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with favorable government initiatives, increasing awareness level regarding vector borne diseases, rising disposable income, growing prevalence of mosquito-borne diseases, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the adulticides market are Clarke Co., ADAPCO Co., Association Headquarters Inc., Zenivex Co., and Bayer Corp.
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