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

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.