The global insect growth regulators market size reached US$ 963.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,399.0 Million by 2028, exhibiting a growth rate (CAGR) of 6.69% during 2023-2028.
Insect growth regulators (IGRs) are compounds that interfere with the growth, development, and metamorphosis of insects. They include synthetic analogs of insect hormones, such as ecdysoids and juvenoids, and non-hormonal compounds like precocenes (Anti JH) and chitin synthesis inhibitors. They mimic the hormones present inside the body of the insect and prevent reproduction, egg-hatching and molting among different insects, including fleas, cockroaches, and mosquitoes. As IGRs are economical, bio-degradable, non-persistent, non-polluting, and non-toxic to humans, animals and plants, their demand is escalating around the world.
Insect Growth Regulators Market Trends:
With the growing population, reducing arable land and the surging demand for food, farmers are increasing the utilization of pesticides to improve the crop yield. This has resulted in the contamination of soil and groundwater. Additionally, the resistance developed by pests against the repetitive utilization of synthetic pesticides, along with the growing awareness about the negative impact of pesticides on arable land and human health, is positively influencing sales of IGRs across the globe. Moreover, there is a rise in the adoption of environment-friendly crop production products, which is boosting the sales of IGRs as they are highly convenient for being utilized on crops, such as cotton, wheat, tomatoes, and corn. Besides this, due to their high efficiency, there is a considerable increase in the application of IGRs across agriculture, residential and commercial sectors. This, in confluence with the growing adoption of organic farming methods worldwide, is also contributing to the growth of the market. Other factors, such as rising environmental concerns, coupled with increasing awareness about professional pest control services, are anticipated to propel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global insect growth regulators market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, form and application.
Breakup by Product:
Chitin Synthesis Inhibitors
Juvenile Hormone Analogs and Mimics
Breakup by Form:
Breakup by Application:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Central Life Science (Central Garden & Pet Company), Control Solutions Inc (China National Chemical Corporation), Dow Inc, Nufarm Limited, OHP Inc. (AMVAC Chemical Corporation), Russell IPM Ltd, Sumitomo Chemical Co. Ltd. and Syngenta AG.
Base Year of the Analysis
Product, Form, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
BASF SE, Central Life Science (Central Garden & Pet Company), Control Solutions Inc (China National Chemical Corporation), Dow Inc, Nufarm Limited, OHP Inc. (AMVAC Chemical Corporation), Russell IPM Ltd, Sumitomo Chemical Co. Ltd. and Syngenta AG
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Key Questions Answered in This Report
The global insect growth regulators market was valued at US$ 963.1 Million in 2022.
We expect the global insect growth regulators market to exhibit a CAGR of 6.69% during 2023-2028.
The rising adoption of environment-friendly crop production products, such as insect growth regulators, as they are highly convenient for being utilized on crops, such as cotton, wheat, tomatoes, and corn, is primarily driving the global insect growth regulators market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for insect growth regulators.
Based on the product, the global insect growth regulators market can be segmented into chitin synthesis inhibitors, juvenile hormone analogs and mimics, ecdysone antagonists, and ecdysone agonists. Currently, chitin synthesis inhibitors hold the largest market share.
Based on the form, the global insect growth regulators market has been divided into aerosol, liquid, and bait. Among these, liquid currently exhibits a clear dominance in the market.
Based on the application, the global insect growth regulators market can be categorized into agriculture, residential, and commercial. Currently, agriculture accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global insect growth regulators market include BASF SE, Central Life Science (Central Garden & Pet Company), Control Solutions Inc (China National Chemical Corporation), Dow Inc, Nufarm Limited, OHP Inc. (AMVAC Chemical Corporation), Russell IPM Ltd, Sumitomo Chemical Co. Ltd., and Syngenta AG.
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