The global insect growth regulators market size reached USD 1,024.9 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 1,699.2 Million by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
USD 1,024.9 Million
Market Forecast in 2032
USD 1,699.2 Million
Market Growth Rate 2024-2032
5.6%
Insect growth regulators (IGRs) are compounds that interfere with the growth, development, and metamorphosis of insects. They include synthetic analogs of insect hormones, such as ecdysoids and juvenoids, and non-hormonal compounds like precocenes (Anti JH) and chitin synthesis inhibitors. They mimic the hormones present inside the body of the insect and prevent reproduction, egg-hatching and molting among different insects, including fleas, cockroaches, and mosquitoes. As IGRs are economical, bio-degradable, non-persistent, non-polluting, and non-toxic to humans, animals and plants, their demand is escalating around the world.
Insect Growth Regulators Market Trends:
With the growing population, reducing arable land and the surging demand for food, farmers are increasing the utilization of pesticides to improve the crop yield. This has resulted in the contamination of soil and groundwater. Additionally, the resistance developed by pests against the repetitive utilization of synthetic pesticides, along with the growing awareness about the negative impact of pesticides on arable land and human health, is positively influencing sales of IGRs across the globe. Moreover, there is a rise in the adoption of environment-friendly crop production products, which is boosting the sales of IGRs as they are highly convenient for being utilized on crops, such as cotton, wheat, tomatoes, and corn. Besides this, due to their high efficiency, there is a considerable increase in the application of IGRs across agriculture, residential and commercial sectors. This, in confluence with the growing adoption of organic farming methods worldwide, is also contributing to the growth of the market. Other factors, such as rising environmental concerns, coupled with increasing awareness about professional pest control services, are anticipated to propel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global insect growth regulators market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, form and application.
Breakup by Product:
Chitin Synthesis Inhibitors
Juvenile Hormone Analogs and Mimics
Ecdysone Antagonists
Ecdysone Agonists
Breakup by Form:
Aerosol
Liquid
Bait
Breakup by Application:
Agriculture
Residential
Commercial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global insect growth regulators market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:
BASF SE
Central Life Science (Central Garden & Pet Company)
Control Solutions Inc (China National Chemical Corporation)
Dow Inc
Nufarm Limited
OHP Inc. (AMVAC Chemical Corporation)
Russell IPM Ltd
Sumitomo Chemical Co. Ltd.
Syngenta AG
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Million USD
Segment Coverage
Product, Form, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
BASF SE, Central Life Science (Central Garden & Pet Company), Control Solutions Inc (China National Chemical Corporation), Dow Inc, Nufarm Limited, OHP Inc. (AMVAC Chemical Corporation), Russell IPM Ltd, Sumitomo Chemical Co. Ltd. and Syngenta AG
Customization Scope
10% Free Customization
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global insect growth regulators market was valued at USD 1,024.9 Million in 2023.
We expect the global insect growth regulators market to exhibit a CAGR of 5.6% during 2024-2032.
The rising adoption of environment-friendly crop production products, such as insect growth regulators, as they are highly convenient for being utilized on crops, such as cotton, wheat, tomatoes, and corn, is primarily driving the global insect growth regulators market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for insect growth regulators.
Based on the product, the global insect growth regulators market can be segmented into chitin synthesis inhibitors, juvenile hormone analogs and mimics, ecdysone antagonists, and ecdysone agonists. Currently, chitin synthesis inhibitors hold the largest market share.
Based on the form, the global insect growth regulators market has been divided into aerosol, liquid, and bait. Among these, liquid currently exhibits a clear dominance in the market.
Based on the application, the global insect growth regulators market can be categorized into agriculture, residential, and commercial. Currently, agriculture accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global insect growth regulators market include BASF SE, Central Life Science (Central Garden & Pet Company), Control Solutions Inc (China National Chemical Corporation), Dow Inc, Nufarm Limited, OHP Inc. (AMVAC Chemical Corporation), Russell IPM Ltd, Sumitomo Chemical Co. Ltd., and Syngenta AG.
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