The global insect growth regulator market size is expected to grow from $0.82 billion in 2021 to $0.86 billion in 2022 at a compound annual growth rate (CAGR) of 5.7%. The global insect growth regulators market size is expected to grow to $1.08 billion in 2026 at a CAGR of 5.8%.
What is the Global Insect Growth Regulator Market?
The insect growth regulators market consists of sales of insect growth regulator products by entities (organizations, sole traders, and partnerships) that are insect repellent, which halt, slow, and disrupt an insect’s maturation process. Insect growth regulators can regulate many types of insects including parasites, cockroaches, and mosquitos. These insects can inhibit reproduction, and egg-hatch, from one stage to another. Several insect growth regulators manufactured goods are mixed with other insecticides that kill adult insects.
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What drives the Global Insect Growth Regulator Market?
The growing usage of environment-friendly pesticides is significantly contributing to the growth of the insect growth regulators market. Pesticides are chemical elements that are supposed to kill pests such as a virus, bacterium, antimicrobial, or disinfectant that deters, incapacitates, and kills, pests. Environment-friendly crop protection products are being used in organic farming which rapidly degrades and has a minimal environmental impact as these products are derived from natural sources. In addition, it also minimizes the potential risk of chronic poisoning caused by chemical insecticides among its applicants. For instance, in 2019 ISCA, a scientific organization in India, has strengthened its position to deliver environmentally friendly pest control throughout the world through the merger of ISCA Technologies, Inc. and ISCA Technologies, Ltda. Furthermore, ISCA has $30 million in competitive federal grants from the U.S. Department of Agriculture, the U.S., the Department of Défense, the National Science Foundation, the Gates Foundation, and others. Therefore, the increasing demand for the growing usage of environment-friendly pesticides contributes to the growth of the insect growth regulators market.
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Global Insect Growth Regulator Market Segments
The global insect growth regulator market is segmented:
By Type: Chitin Synthesis Inhibitors, Juvenile Hormone Analogs and Mimics, Anti-Juvenile Hormone Agents
By Foam: Bait, Liquid, Aerosols
By Application: Agricultural, Livestock Pests, Commercial Pest Control
By Geography: The regions covered in the insect growth regulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Insect Growth Regulator Global Market Report 2022provides market size and growth forecasts for the global insect growth regulator market, global insect growth regulator market share, insect growth regulator market segments and geographies, insect growth regulator market competitive landscape including leading competitors’ revenues, profiles and market shares. The insect growth regulator market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Insect Growth Regulator Industry Playersinclude Bayer CropScience LLC, Syngenta AG, Valent U.S.A Corporation, Russell IPM Ltd., Nufarm Limited, ADAMA Agricultural Solutions Ltd., OHP Inc., MGK Insect & Pest Control Solutions, Dow Chemical Company, Sumitomo Chemical Company, Corteva Agriscience, and BASF SE. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
