Adulticide Market Overview
The simplest definition of an Adulticide is a chemical or insecticide used to kill adult insects. Although adulticides come under insecticides, a recent boom in the adulticide segment has meant that it is now considered as a separate market.
Whereas a pesticide controls pests by inhibiting their life cycle, most often in the larvae stage, adulticides function by killing the pests after they have reached adult stage. Adulticides are the cure whereas pesticides are the preventive measure. The recent boom in the adulticide industry is due to the decrease in effectiveness of pesticides targeted at larvae. Pests have started developing resistances to most pesticides and have no problem reaching adulthood. In order to tackle this problem, use of adulticides to kill adult pests is the preferred method.
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The major factors affecting the Adulticide market includes the obvious reason for increased demand for agricultural products. The increased demand for food production due to rising populations means maximum efficiency needs to be maintained in farms. Loss of crops to pests is not acceptable and on the off chance that normal pesticides fail, adulticides need to maintain crop productivity. As for the restraints of the market, as with any agrochemical, costs associated with its usage and ecological concerns are the main restraints.
Adulticide Market Forecast Report (2018-2023)
Global Adulticide Market was worth USD XX.XX billion in 2018 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2023.
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Adulticide Market Segmentation
The Global Adulticide market is broadly classified by Type into Synthetic, Natural and Biological Adulticides and based on End Users they are classified into Government, Residential and Commercial Usage. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Adulticide Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the Adulticide market is Latin America, which is expected to show high growth rates in coming years.
The major companies dominating this market for its products and services are
- Danone, Cott,
- Bayer Environmental Science,
- Valent BioSciences,
- Clarke Central Life Sciences,
- Summit Chemical,
- and AllPro Vector.
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