The Insect Growth Regulators Market Size was valued at USD 1.2 billion in 2023, and is expected to reach USD 2.0 billion by 2032, and grow at a CAGR of 6.0% over the forecast period 2024-2032.
The Insect Growth Regulators (IGRs) Market is experiencing notable growth as the demand for sustainable pest control solutions increases across agricultural, commercial, and residential sectors. IGRs disrupt the growth and reproductive cycles of insects, making them an environmentally friendly alternative to traditional chemical insecticides. They are particularly effective in controlling pests such as mosquitoes, cockroaches, and fleas, which has spurred their adoption in public health initiatives and integrated pest management systems. The rising awareness of the adverse effects of conventional pesticides on ecosystems and human health is a driving factor for the adoption of IGRs, with governments and organizations advocating for their use as part of eco-friendly pest management strategies.
Technological advancements in formulation and delivery methods are further bolstering the market growth. Manufacturers are increasingly investing in research and development to create targeted IGR solutions that minimize non-target impacts while maximizing efficacy. Liquid, aerosol, and bait formulations are gaining traction due to their convenience and enhanced results. Additionally, the agriculture sector remains a key end-user, leveraging IGRs to protect crops without harming beneficial insects like pollinators. With growing urbanization and a heightened focus on sustainable farming practices, the IGR market is poised for robust growth in the coming years, particularly in emerging economies where agricultural modernization and public health efforts are gaining momentum.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Insect Growth Regulators industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Insect Growth Regulators market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Russel IPM Ltd., Bayer CropScience AG, Valent U.S.A Corporation, DOW Chemical Company, Central Gardens, Syngenta AG, Nufarm, ADAMA India Pvt. Ltd., Pets Co., Sumitomo Chemical Company and other key players.
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Insect Growth Regulators market.
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It has segmented the global Insect Growth Regulators market
By Product
- Chitin Synthesis Inhibitors
- Juvenile Hormone Analogs & Mimics
- Anti-juvenile Hormone Agents
- Others
By Form
- Liquid
- Aerosol
- Bait
By Application
- Agriculture & Gardens
- Livestock Pest Control
- Commercial Pest Control
- Others
Key Objectives of the Global Insect Growth Regulators Market Report:
- The report conducts a comparative assessment of the leading market players participating in the global Insect Growth Regulators
- The report marks the notable developments that have recently taken place in the Insect Growth Regulators industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Insect Growth Regulators market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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