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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.
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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.
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