Global Insect Growth Regulators Market Report and Forecast 2024-2032

Global Insect Growth Regulators Market Outlook

The global insect growth regulators market attained a value of about USD 1037.27 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.2% to reach nearly USD 1781.84 million by 2032.         

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North America Leads the Market Growth of Insect Growth Regulators

The North America market dominates the global insect growth regulators industry in terms of revenue contribution as compared to that of markets in other regions. High adoption of modern technologies, rising demand for organic food and non-toxic pest control are likely to boost the growth of insect growth regulators. Meanwhile, the Asia Pacific insect growth regulators industry is expected to grow at the highest CAGR in the coming future. India and China are the largest countries with regard to agricultural output. Owing to the rising focus on eco-friendly solutions that do not harm the environment as well as humans, the market is expected to invigorate over the forecast period. Further, the high production of cereals and grains is needed to meet the domestic consumption requirements, along with the rise in concern regarding food quality and health, which is strengthening the growth of the insect growth regulators industry.

Insect Growth Regulators: Market Segmentation

Insect growth regulators are chemical substances that generally don't kill the insects but obstruct the growth of insects to grow further. The basic idea behind insect growth regulators is, if insects are not able to breed into reproductive adults, the population will ultimately die out. Insect growth regulators either cause changes in their body before it is physically able to reproduce or block the insect’s ability to turn into an adult.

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The market can be broadly categorised on the basis of products into:

• Chitin Synthesis Inhibitors 
• Juvenile Hormone Agonists 
• Ecdysone Antagonists 
• Ecdysone Agonists 

The major forms of insect growth regulators are as follow:

• Aerosol
• Liquid
• Bait

The various applications of insect growth regulators are as follow:

• Agriculture 
• Residential 
• Commercial 

The EMR report looks into the regional markets of insect growth regulators like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Organic Farming to Boost the Growth of Insect Growth Regulators Industry

An increase in the pest population, together with the growing awareness regarding the harmful effects of insecticides on the environment, are boosting the growth of the insect growth regulators industry, as farmers are now adopting organic variants of insect growth regulators to control insect growth. Moreover, the rising concerns over environmental toxicity and mammalian safety increase the demand for biodegradable variants of the product, thereby aiding the market growth. Due to their ease of use, insect growth regulators are gaining popularity. Further, an aerosol is easy to clean and does not leave marks behind, unlike liquid insect growth regulators. Also, aerosol insect growth regulators’ ability to reach difficult areas to kill insects is making it a feasible option to use, consequently augmenting the market growth.

However, there are certain challenges that negatively affect the overall market growth. These factors include being effective only in the initial stages of pests and less effective as a stand-alone control method. Nevertheless, owing to the growing demand for organic food products, there is an increase in the preference of farmers for organic farming, and less stringent laws for insect growth regulators offer favorable growth opportunities.

Key Industry Players in the Global Insect Growth Regulators Market

The report presents a detailed analysis of the following key players in the global insect growth regulators market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• OHP, Inc.
• Syngenta AG
• Corteva Agriscience
• McLaughlin Gormley King Company
• Nufarm Limited
• Control Solutions, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report