Insect Growth Regulators

Insect Growth Regulators

Global Insect Growth Regulators Market to Reach US$1.7 Billion by 2030

The global market for Insect Growth Regulators estimated at US$1.2 Billion in the year 2023, is expected to reach US$1.7 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Liquid Form, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$880.5 Million by the end of the analysis period. Growth in the Bait Form segment is estimated at 5.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$325.5 Million While China is Forecast to Grow at 7.5% CAGR

The Insect Growth Regulators market in the U.S. is estimated at US$325.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$377.9 Million by the year 2030 trailing a CAGR of 7.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Insect Growth Regulators Market - Key Trends & Drivers Summarized

Why Is the Insect Growth Regulators Market Growing in Importance?

The global insect growth regulators (IGRs) market is growing in importance as the need for effective and environmentally-friendly pest control solutions becomes more pressing. IGRs are chemicals that disrupt the growth and development of insects, preventing them from reaching maturity and reproducing. Unlike traditional insecticides, which often kill insects on contact, IGRs work by interfering with the hormonal processes that regulate insect development, making them a more targeted and sustainable option for pest management. This technology is particularly valuable in agriculture, where the need to protect crops from pests while minimizing environmental impact is critical. The growing concerns over the environmental and health risks associated with conventional insecticides are driving the adoption of IGRs as a safer alternative for controlling pest populations. Additionally, the rise of integrated pest management (IPM) strategies, which emphasize the use of multiple control methods to reduce reliance on chemical treatments, is further boosting the demand for insect growth regulators.

How Are Technological Innovations Influencing the Insect Growth Regulators Market?

Technological innovations are playing a crucial role in advancing the effectiveness and application of insect growth regulators, driving their adoption across various industries. The development of new IGR formulations with enhanced stability and longer residual activity is making these products more effective in controlling a wide range of insect species. Advances in delivery systems, such as microencapsulation and slow-release formulations, are also improving the efficiency of IGRs by ensuring a more controlled and sustained release of active ingredients. Additionally, the integration of IGRs into biopesticide formulations is creating new opportunities for their use in organic and sustainable farming practices. These technological advancements are not only enhancing the performance of insect growth regulators but are also expanding their application range, making them a more versatile tool in pest management.

What Role Does Industry Demand Play in Shaping the Insect Growth Regulators Market?

Industry demand is a significant driver of the insect growth regulators market, with various sectors recognizing the benefits of IGRs in achieving effective pest control while minimizing environmental impact. The agriculture industry is a major adopter of insect growth regulators, using them to protect crops from pests such as caterpillars, beetles, and aphids, while reducing the reliance on traditional insecticides. The public health sector is also a key market for IGRs, particularly in the control of disease-carrying insects such as mosquitoes and flies, which pose significant health risks in many regions. The growing demand for IGRs in the veterinary industry, where they are used to control parasites in livestock and companion animals, is further contributing to market growth. As industries continue to prioritize sustainable pest management practices and seek alternatives to conventional insecticides, the demand for insect growth regulators is expected to rise, driving further market expansion.

What Are the Key Drivers Fueling the Growth of the Insect Growth Regulators Market?

The growth in the insect growth regulators market is driven by several factors closely linked to industry demands and the increasing emphasis on sustainable pest management. One of the primary drivers is the growing concern over the environmental and health impacts of conventional insecticides, which has led to increased interest in safer and more targeted pest control solutions. Insect growth regulators, which work by disrupting the hormonal processes that regulate insect development, offer a more environmentally-friendly alternative to traditional chemical treatments. The rise of integrated pest management (IPM) strategies, which encourage the use of multiple control methods to reduce reliance on chemical treatments, is also driving demand for IGRs. Additionally, the growing need to protect crops from pests in the face of increasing global food demand is contributing to the market’s growth, as is the rising use of IGRs in public health and veterinary applications. As industries and governments continue to seek sustainable solutions for managing pest populations, the market for insect growth regulators is expected to experience sustained growth.

Select Competitors (Total 46 Featured) -

• ADAMA Agricultural Solutions Ltd.
• Bayer CropScience AG
• Central Garden & Pet Company
• Dow, Inc.
• DuPont de Nemours, Inc.
• Nufarm Limited
• Platform Specialty Products Corporation
• Russell IPM Ltd.
• Sumitomo Chemical Co., Ltd.
• Syngenta AG
• Valent U.S.A Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.