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

Insect Growth Regulators Market Size is USD 0.83 Billion in 2018, Market Growth - CAGR of 6.3%, Market Trends – The advent of scope of IGRs in commercial pest control.

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.

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Top Companies: 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.

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.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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Market Segmentation:

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The global Insect Growth Regulators Market is segmented into:

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

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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