How Has The Insect Growth Regulator Market Size Evolved Historically?
The insect growth regulator market has seen considerable growth due to a variety of factors.
• The market size of insect growth regulator has experienced significant growth in the past years. The market, valued at $1 billion in 2024, is projected to increase to $1.08 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.5%.
This progress in the historic period is due to the rising issues with pests, environmental worries, regulatory support, and advancements in formulations.
What Will Be The Insect Growth Regulator Market Size In The Future?
The insect growth regulator market is expected to maintain its strong growth trajectory in upcoming years.
• There is an anticipation for robust growth in the insect growth regulator market size over the coming years. By 2029, it is projected to expand to a value of $1.49 billion, with a compound annual growth rate (CAGR) of 8.4%.
The escalation during the forecast period is tied to increasing agricultural practices, enhanced pest opposition, broadened application domains, consumer predilections, and worldwide climatic shifts. The forecast period will also witness significant trends such as technological progress, wider industry applications, advancements in formulations, heightened attention to non-target species, further technological enhancements, and market consolidation.
What Are The Key Drivers Fueling Growth In The Insect Growth Regulator Market?
The escalating adoption of eco-friendly pesticides significantly influences the expansion of the insect growth regulators market. Pesticides are chemical substances employed to eradicate pests including viruses, bacteria, antimicrobials, or disinfectants that obstruct, handicap, and eliminate pests. Products that are environmentally friendly and used for crop protection are being utilized in organic farming. These materials degrade quickly and have a negligible impact on the environment since they are obtained from natural origins. Moreover, they help reduce the chance of chronic poisoning caused by chemical pesticides among those applying them. For example, the US Home & Garden Pesticides company, based in the US, projected in September 2024 that sales of pesticides would annually grow at a rate of 2.8%, hitting $3.2 billion by 2028. This prediction came after years of varied performance due to the sudden increase in gardening caused by the COVID pandemic. Therefore, the rising demand for more eco-friendly pesticides results in the progression of the insect growth regulators market.
What Are The Principal Market Segments In The Global Insect Growth Regulator Industry?
The insect growth regulator market covered in this report is segmented –
1) By Type: Chitin Synthesis Inhibitors, Juvenile Hormone Analogs And Mimics, Anti-Juvenile Hormone Agents
2) By Foam: Bait, Liquid, Aerosols
3) By Application: Agricultural, Livestock Pests, Commercial Pest Control
Subsegments:
1) By Chitin Synthesis Inhibitors: Benzoylureas, Morpholine Derivatives
2) By Juvenile Hormone Analogs And Mimics: Methoprene, Pyriproxyfen
3) By Anti-Juvenile Hormone Agents: Hydroprene, Fenoxycarb
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Which Emerging Market Trends Are Altering The Insect Growth Regulator Sector?
The rise in the adoption of cutting-edge technologies is becoming a significant trend in the insect growth regulators market. Major corporations partaking in this market are focusing on technological evolution, such as the creation of advanced insecticides in order to gain a competitive superiority. For example, Bayer, a pharmaceutical company based in Germany, is set to launch its inaugural biological insecticide for field crops in April 2024, as per an exclusive license received from AlphaBio Control located in the UK. Intended for a preliminary launch in 2028, this groundbreaking product will specifically challenge pests like the cabbage stem flea beetle that causes substantial harm to crops such as oilseed rape and cereals. The newly developed bioinsecticide aligns with Bayer's dedication to sustainable agriculture, providing farmers with an alternative that minimizes environmental impact while ensuring crop health.
Who Are the Key Players in the Insect Growth Regulator Market?
Major companies operating in the insect growth regulator market include:
• Bayer CropScience LLC
• Syngenta AG
• Valent U. S. A Corporation
• Russell IPM Ltd.
• Nufarm Limited
• ADAMA Agricultural Solutions Ltd.
• OHP Inc.
• McLaughlin Gormley King Company
• Dow Inc.
• Sumitomo Chemical Company Limited
• Corteva Agriscience Inc.
• BASF SE
• Central Garden & Pet Company
• Helm Agro US Inc.
• Control Solutions Inc.
• Central Life Sciences LLC
• Zoecon Professional Products
• Panpan Industry Group Co. Ltd.
• Averstar Industrial Co. Ltd.
• Algenex S. L.
• Ÿnsect SAS
• Oxitec Ltd.
• Protix Biosystems
• Smart Resilin Ltd.
• Hexafly
• Norbite
• Koppert Biological Systems
• Biobest Group NV
• Suterra LLC
What are the Regional Insights into the Insect Growth Regulator Market?
Asia-Pacific was the largest region in the regulator market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the insect growth regulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
