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Global Insect Growth Regulator Market to be Aided by the Rising Demand for Organic Farming in the Forecast Period of 2022-2027

According to a new report by EMR titled, ‘Global Insect Growth Regulator Market Report and Forecast 2022-2027’, the global insect growth regulators industry attained a value of about USD 866 million in 2020. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2022-2027.

The global insect growth regulator industry is dominated by North America. The market in Asia Pacific is expected to grow further in the coming years. Insect growth regulators do not necessarily kill the insect, but it confines the growth of insects to grow further, if insects are not able to breed into reproductive adults, the population will eventually die out. Increasing pest population, along with the rising trend of organic farming, less stringent laws for insect growth regulators, and growing off-patent crop protection chemicals have been driving the growth of insect growth regulator industry. Factors like high adoption of modern living, rising demand for organic food, aerosol being easy to clean and does not leave marks behind, unlike others and non-toxic pest control is likely to boost the growth. People have started to realise the negative impact of insecticides on both human health and the environment. Manufacturers are concentrating on eco-friendly packaging that is beneficial for the environment. The demand for biodegradable insect growth regulators is increasing because of the growing concerns over environmental toxicity and mammalian safety. Synthetic-based pesticides contaminate the soil and groundwater and cause a harmful impact on beneficial bacteria and plants. The rising concern for food quality and healthy eating is beneficial for the industry. Government is also taking initiatives to encourage the use of insect growth regulators. Programs have been conducted, governments in different regions are increasingly adopting IGRs to prevent the spread of mosquito-borne diseases such as malaria, Zika virus, and dengue fever, among others. It is expected that its application will increase in coming years due to its high-performance efficiency.

The rising competition among the key players is also providing an impetus to the market growth. In April 2021, OHP, Inc. became a part of AMVAC Environmental Products (“AEP”) family to create a unified non-crop business entity within American Vanguard Corporation (NYSE: AVD) as OHP, Inc. is a subsidiary company. It is a part of a long-term strategy to increase capacity, broaden product portfolios, and support AEP’s and OHP’s collaborative efforts to develop new biological, biorational, and proven chemistry solutions to the market.

Market Analysis by Forms, Applications, Products, and Regions:

  • Based on forms, the industry can be divided into aerosol, liquid, and bait.
  • The applications of insect growth regulators include agriculture, residential, and commercial.
  • On the basis of products, the market can be divided into chitin synthesis inhibitors, juvenile hormone agonists, ecdysone antagonists, and ecdysone agonists.
  • The regional markets for insect growth regulators include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Increasing pest population is driving the growth of insect growth regulator market.  
  • With increasing concern for environment and human health, the demand for insect growth regulators is also rising.  
  • High adoption of modern and rising demand for organic food and non-toxic pest control is fuelling the demand for insect growth regulators.  
  • Eco-friendly properties of insect growth regulator is also propelling the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global insect growth regulator market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the forms, applications, products, and regions of insect growth regulator.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global insect growth regulator industry are OHP, Inc., Syngenta AG, Corteva Agriscience, McLaughlin Gormley King Company, Nufarm Limited, and Control Solutions, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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