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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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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 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:
The major forms of insect growth regulators are as follow:
The various applications of insect growth regulators are as follow:
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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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.
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:
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Form |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of approximately USD 1037.27 million.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1781.84 million by 2032.
The major drivers of the market consist of include the increase in the pest population and the rising focus on organic products.
The key trends of the market include the growing demand for biodegradable insect growth regulators and advancements in technology.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Chitin synthesis inhibitors, juvenile hormone agonists, ecdysone antagonists, and ecdysone agonists are the dominant products of insect growth regulators.
The major forms of insect growth regulators available in the market are aerosol, liquid, and bait.
The various applications of insect growth regulators are agriculture, residential and commercial.
The key players in the global insect growth regulators market are OHP, Inc., Syngenta AG, Corteva Agriscience, McLaughlin Gormley King Company, Nufarm Limited, and Control Solutions, Inc., among others.
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