Global Insect Growth Regulators Market

Insect Growth Regulators Market Size, Share, Growth Analysis, By Product(Chitin synthesis inhibitors, Juvenile hormone analogs and mimics, Ecdysone Antagonists, and Ecdysone Agonists), By Form(Aerosol, Liquid, and Bait), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15C2069 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 64 |Figures: 68

Insect Growth Regulators Market Insights

Insect Growth Regulators Market size was valued at USD 936.54 million in 2021 and is poised to grow from USD 994.05 million in 2022 to USD 1601.18 million by 2030, growing at a CAGR of 6.14% in the forecast period (2023-2030).

The insect growth regulators (IGRs) market is a dynamic segment of the agrochemical industry that focuses on managing insect populations through targeted disruption of their growth and development processes. IGRs are synthetic chemicals that mimic or interfere with the hormones responsible for insect growth and metamorphosis. They offer a more environmentally friendly and selective approach to pest control compared to traditional insecticides. The market's growth is primarily driven by several factors. Firstly, increasing concerns over the environmental and human health impacts of conventional pesticides have led to a growing demand for safer and more sustainable pest control solutions. IGRs provide a way to manage pest populations without causing harm to beneficial organisms or posing risks to human health. Secondly, the rising global population and the subsequent need to enhance agricultural productivity have fueled the adoption of IGRs. These regulators help safeguard crop yields by curbing insect damage and reducing the development of resistance in pest populations, thus ensuring more efficient and consistent crop production.

Additionally, the growing awareness and adherence to integrated pest management (IPM) practices have further propelled the use of IGRs. Integrated pest management emphasizes a holistic approach to pest control, incorporating various strategies to minimize the reliance on chemical pesticides while maintaining effective pest management.

US Insect Growth Regulators Market is poised to grow at a sustainable CAGR for the next forecast year.

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Insect Growth Regulators Market Segmental Analysis

The global insect growth regulators market is segmented on the basis of Product, Form, Application, and region. By Product, the market is segmented into Chitin synthesis inhibitors, Juvenile hormone analogs and mimics, Ecdysone Antagonists, Ecdysone Agonists. By Form, the market is segmented into Aerosol, Liquid, Bait. By Application, the market is segmented into Agriculture, Residential, Commercial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Insect Growth Regulators Market Analysis By Product

In the insect growth regulators market, Chitin Synthesis Inhibitors hold a dominant position in the market due to their widespread use in pest control. CSIs disrupt the formation of chitin, a vital component of insect exoskeletons, leading to molting failures and inhibiting insect growth. They are effective against various pests and are utilized in agricultural, urban, and veterinary settings, driving their market dominance.

On the other hand, Juvenile Hormone Analogues, as the fastest-growing segment, mimic the effects of juvenile hormones, which play a crucial role in insect development. JHAs regulate metamorphosis and reproduction, making them valuable tools for insect population control. Their targeted action and environmentally friendly nature contribute to their rapid growth, particularly in integrated pest management strategies and organic farming practices.

Insect Growth Regulators Market Analysis By Form

In the Insect Growth Regulators (IGRs) Market, the liquid form is currently the dominant segment. Liquid formulations of IGRs are widely used in agricultural and urban pest control applications due to their ease of application, effective coverage, and compatibility with various spraying equipment. They offer targeted control of insect pests by disrupting their growth and development.

On the other hand, the fastest-growing segment in the Insect Growth Regulators Market is the aerosol form. Aerosol formulations of IGRs are gaining traction due to their convenience, ready-to-use nature, and ability to reach hard-to-reach areas. They are particularly popular for indoor pest control in residential and commercial settings, where precise application and minimal residue are desired. The aerosol form's rapid growth is driven by increased consumer awareness of environmentally friendly pest management solutions and the need for efficient insect control methods in indoor spaces. As a result, the aerosol segment is expected to exhibit substantial expansion in the coming years.

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Insect Growth Regulators Market Regional Insights

The global insect growth regulators market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In the insect growth regulators (IGRs) market, North America stands as the dominant region. The region's robust agricultural sector, stringent regulations on pesticide use, and increasing adoption of integrated pest management practices have contributed to the significant demand for IGRs. The United States and Canada are key contributors to this dominance.

As for the fastest growing segment, Asia-Pacific showcases remarkable growth. The region's expanding population, rising disposable income, and increasing awareness of sustainable farming practices are driving the demand for IGRs. Countries like China, India, and Southeast Asian nations are witnessing rapid adoption of IGRs in agricultural and urban pest control, owing to their efficacy and environmental friendliness. The need to enhance crop yields while minimizing environmental impact fuels the growth of the IGRs market in Asia-Pacific.

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Insect Growth Regulators Market Dynamics

Insect Growth Regulators Market Drivers

Environmental Concerns and Regulatory Support:

  • Insect growth regulators (IGRs) offer a more environmentally friendly and targeted approach to pest control compared to traditional chemical pesticides. With increasing awareness of the harmful effects of conventional pesticides on ecosystems and human health, there is a growing demand for safer alternatives. Regulatory agencies are also encouraging the use of IGRs, providing a favorable environment for market growth.

Integrated Pest Management (IPM) Practices:

  • The adoption of integrated pest management strategies, which emphasize sustainable and holistic pest control approaches, is driving the demand for insect growth regulators. IGRs play a significant role in IPM programs by disrupting the developmental stages of insects, reducing the reliance on chemical pesticides, and minimizing resistance development among pest populations. As agriculture and pest control industries shift toward more sustainable practices, the IGR market is poised to benefit.

Insect Growth Regulators Market Restraints

Limited Spectrum of Activity:

  • Insect growth regulators are effective against specific insect species or groups, which limits their versatility in controlling a wide range of pests. They may not be suitable for controlling all types of insects, which could lead to the continued use of traditional pesticides for certain applications.

Development of Resistance:

  • While IGRs have been considered less prone to resistance development compared to chemical pesticides, the potential for insects to develop resistance to IGRs still exists. Prolonged and exclusive use of IGRs against a particular pest population can lead to the evolution of resistant strains, reducing the effectiveness of these regulators over time. Rotating or combining IGRs with other pest control methods is crucial to mitigate resistance risks.

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Insect Growth Regulators Market Competitive Landscape

The global insect growth regulators (IGRs) market exhibits a competitive landscape with several key players vying for market share. Companies such as Bayer AG, Syngenta AG, Dow Chemical Company, and Sumitomo Chemical Co., Ltd. are prominent participants, offering a range of IGR products for pest control in agriculture and urban settings. These industry leaders emphasize research and development to introduce novel formulations and expand their product portfolios. Collaborations, mergers, and acquisitions are common strategies employed to enhance market presence and capitalize on emerging opportunities. Additionally, regional and local players contribute to the competition by catering to specific market segments and addressing regional pest challenges. The market's competitive dynamics are characterized by innovation, product differentiation, and a focus on sustainable pest management solutions.

Insect Growth Regulators Market Top Player’s Company Profile

  • Bayer AG - Germany
  • Central Life Sciences - United States
  • Syngenta AG - Switzerland
  • Dow AgroSciences - United States
  • HELM Agro US, Inc. - United States
  • Nufarm - Australia
  • Russell IPM - United Kingdom
  • Valent U.S.A. LLC - United States
  • McLaughlin Gormley King Co., Inc. (MGK) - United States
  • Sumitomo Chemical Co., Ltd. - Japan
  • Control Solutions, Inc. - United States
  • Central Garden & Pet Company - United States
  • ADAMA India Private Limited - India

Insect Growth Regulators Market Recent Developments

  • In February 2023, Certis USA announced the expansion of its production capacity for IGRs. The expansion will meet the growing demand for these products from the agricultural, forestry, and residential pest control markets.
  • In March 2023, Bayer CropScience announced the launch of its new IGR, Intrepid. Intrepid is a non-systemic IGR that is effective against a wide range of pests, including aphids, whiteflies, and mealybugs.
  • In April 2023, Syngenta announced the acquisition of Biobest, a leading supplier of biological pest control solutions. The acquisition will strengthen Syngenta's position in the IGR market.
  • In May 2023, Dow AgroSciences announced the launch of its new IGR, Dimilin XR. Dimilin XR is a long-lasting IGR that is effective against a wide range of pests, including mosquitoes, flies, and cockroaches.

Insect Growth Regulators Key Market Trends

  • Growing Demand for Environmentally Friendly Pest Control Solutions: The increasing awareness of environmental sustainability and the adverse effects of traditional chemical pesticides has driven a shift towards more eco-friendly pest control methods. Insect Growth Regulators, being targeted and selective in their action, offer a reduced impact on non-target organisms and the environment. As a result, there is a rising demand for IGRs as a safer alternative for pest management in agriculture, urban areas, and public health sectors.
  • Integration of IGRs into Integrated Pest Management (IPM) Programs: Integrated Pest Management is gaining traction as a holistic approach to pest control, emphasizing the use of multiple strategies for effective and sustainable pest management. Insect Growth Regulators complement IPM strategies by disrupting the growth and development of insects, reducing the need for extensive chemical use. IGRs are becoming an integral component of IPM programs in various sectors, including agriculture, forestry, and public health, as they contribute to reduced reliance on traditional pesticides and promote long-term pest control solutions.

Insect Growth Regulators Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global insect growth regulators market analysis, the market is witnessing substantial growth driven by the increasing demand for effective and environmentally friendly pest control solutions. IGRs are synthetic compounds that disrupt the development and reproduction of insects, offering a targeted approach that minimizes harm to non-target organisms and reduces the need for traditional chemical pesticides. The growing awareness of the detrimental effects of conventional pesticides on ecosystems and human health is propelling the adoption of IGRs in agriculture, urban pest management, and livestock protection. Their ability to inhibit molting, egg development, and metamorphosis provides a sustainable means of pest control and resistance management.

Despite their benefits, challenges such as varying effectiveness across different insect species and regulatory hurdles exist. As the demand for safer and more sustainable pest management practices continues to rise, the Insect Growth Regulators Market is expected to expand, driven by innovation, research, and increasing adoption in integrated pest management strategies.

Report Metric Details
Market size value in 2023 USD 936.54 million
Market size value in 2031 USD 1601.18 million
Growth Rate 6.14%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Chitin synthesis inhibitors, Juvenile hormone analogs and mimics, Ecdysone Antagonists, and Ecdysone Agonists
  • Form
    • Aerosol, Liquid, and Bait
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bayer AG - Germany
  • Central Life Sciences - United States
  • Syngenta AG - Switzerland
  • Dow AgroSciences - United States
  • HELM Agro US, Inc. - United States
  • Nufarm - Australia
  • Russell IPM - United Kingdom
  • Valent U.S.A. LLC - United States
  • McLaughlin Gormley King Co., Inc. (MGK) - United States
  • Sumitomo Chemical Co., Ltd. - Japan
  • Control Solutions, Inc. - United States
  • Central Garden & Pet Company - United States
  • ADAMA India Private Limited - India
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Insect Growth Regulators Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Insect Growth Regulators Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Insect Growth Regulators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Insect Growth Regulators Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Insect Growth Regulators Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Insect Growth Regulators Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Insect Growth Regulators Market size was valued at USD 936.54 million in 2021 and is poised to grow from USD 994.05 million in 2022 to USD 1601.18 million by 2030, growing at a CAGR of 6.14% in the forecast period (2023-2030).

The insect growth regulators (IGRs) market exhibits a competitive landscape with several key players vying for market share. Companies such as Bayer AG, Syngenta AG, Dow Chemical Company, and Sumitomo Chemical Co., Ltd. are prominent participants, offering a range of IGR products for pest control in agriculture and urban settings. These industry leaders emphasize research and development to introduce novel formulations and expand their product portfolios. Collaborations, mergers, and acquisitions are common strategies employed to enhance market presence and capitalize on emerging opportunities. Additionally, regional and local players contribute to the competition by catering to specific market segments and addressing regional pest challenges. The market's competitive dynamics are characterized by innovation, product differentiation, and a focus on sustainable pest management solutions. 'Bayer AG - Germany', 'Central Life Sciences - United States', 'Syngenta AG - Switzerland', 'Dow AgroSciences - United States', 'HELM Agro US, Inc. - United States', 'Nufarm - Australia', 'Russell IPM - United Kingdom', 'Valent U.S.A. LLC - United States', 'McLaughlin Gormley King Co., Inc. (MGK) - United States', 'Sumitomo Chemical Co., Ltd. - Japan', 'Control Solutions, Inc. - United States', 'Central Garden & Pet Company - United States', 'ADAMA India Private Limited - India'

Insect growth regulators (IGRs) offer a more environmentally friendly and targeted approach to pest control compared to traditional chemical pesticides. With increasing awareness of the harmful effects of conventional pesticides on ecosystems and human health, there is a growing demand for safer alternatives. Regulatory agencies are also encouraging the use of IGRs, providing a favorable environment for market growth.

Growing Demand for Environmentally Friendly Pest Control Solutions: The increasing awareness of environmental sustainability and the adverse effects of traditional chemical pesticides has driven a shift towards more eco-friendly pest control methods. Insect Growth Regulators, being targeted and selective in their action, offer a reduced impact on non-target organisms and the environment. As a result, there is a rising demand for IGRs as a safer alternative for pest management in agriculture, urban areas, and public health sectors.

The insect growth regulators market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In the insect growth regulators (IGRs) market, North America stands as the dominant region. The region's robust agricultural sector, stringent regulations on pesticide use, and increasing adoption of integrated pest management practices have contributed to the significant demand for IGRs. The United States and Canada are key contributors to this dominance.

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