The increasing demand for environment-friendly crop protection products is propelling the market growth.

The Global Insect Growth Regulators Market is forecast to reach USD 1.35 Billion by 2026, according to a new report by Reports and Data. These insecticides are special products that are used in agricultural, commercial, and residential sectors for protection against pest attacks.

The market for such pesticides is influenced by the rising utilization of environment-friendly insect growth regulators. These insecticides are mixed with other products to slow the rate of pesticide resistance developed among insects and is booming the market growth. The insecticides mimic hormones in young insects and interfere with the growth, development, and the metamorphosis process of insects. Farmers are using safer alternatives for harmful pesticides for application in livestock and farmlands.

The factors mentioned above jointly create opportunities for the market growth, while factors such as the critical effects of these insecticides add limitations in market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the insect growth regulators market owing to innovative efforts have improved the efficiency of such organic farming techniques.

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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.

Key companies operating in the market and profiled in the report include:

Bayer AG, Central Life Sciences, Control Solutions, Inc., McLaughlin Gormley King Company, Valent U.S.A LLC, Nufarm Limited, Russell IPM, Dow AgroSciences LLC, Syngenta AG, and Sumitomo Chemical Company Limited, among others.

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The Insect Growth Regulators market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.

Segments Covered in the report

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

  • Agriculture
  • Residential
  • Commercial

Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

  • Chitin synthesis inhibitors
  • Juvenile hormone analogs and mimics
  • Anti-juvenile hormone agents

Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

  • Aerosol
  • Liquid
  • Bait

Key Regions Analyzed in the Report include:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

Furthermore, it consists information about individual segment of the Insect Growth Regulators market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.

Further key findings from the report suggest

  • Agriculture sector held the largest market share of 44.0% in the year 2018. Farmers are adopting safer alternatives for harmful pesticides for application in livestock and farmlands. Globally growing usage of environment-friendly pesticides for crop production is expected to be a factor which is driving market growth.
  • The aerosol form segment is forecasted to witness the highest CAGR of 6.9% during the forecast period. This segment is rising since it is easier to use compared to that of bait or liquid. It also allows easier application in areas such as joints, small openings, crevices, and cracks.
  • Chitin synthesis inhibitors products held the largest market share of 40.3% in the year 2018. China became the largest consumer of pesticides owing to the ever-growing agriculture sector, along with the food and beverage industry in this region because of the growing population. China became a leader in the world for production and consumption of these organic pesticides because of its low-cost labor, and rising awareness of bio-degradable, non-polluting, and non-persistent pesticides, which is encouraging the growth of the market of IGRs.
  • Asia Pacific is expected to witness the highest CAGR of 9.1% during the forecast period. Countries like India, China, Taiwan, South Korea, and Japan are rapidly catching up with the growth in the insect growth regulators market. The manufacturing and consumption of these kind of pesticides have shifted from North America to Asia.

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