Insect Growth Regulator Market
Insect Growth Regulator Market Forecasts to 2030 - Global Analysis By Type (Juvenile Hormone Analogs and Mimics, Anti-Juvenile Hormone Agents, Chitin Synthesis Inhibitors, Ecdysone Antagonists and Other Types), Insect Type (Lepidoptera, Coleoptera, Diptera, Hemiptera and Other Insect Types), Form, Target Crop, Application and By Geography
According to Stratistics MRC, the Global Insect Growth Regulator Market is accounted for $1054 million in 2023 and is expected to reach $1825 million by 2030 growing at a CAGR of 8.2% during the forecast period. Insect growth regulators (IGRs) are a class of insecticides that disrupt the growth and development of insect pests by mimicking or inhibiting the action of juvenile hormones. IGRs interfere with the molting process, preventing larvae from reaching maturity or inhibiting the emergence of viable adults. IGRs are widely used in integrated pest management strategies to control a variety of insect pests in agricultural, urban, and veterinary settings.
Market Dynamics:
Driver:
Rise in agricultural activities
As global populations expand and dietary preferences evolve, there is an increasing demand for food production, driving agricultural activities to expand and intensify. IGRs offer a viable alternative to conventional pesticides, as they provide targeted control over pest populations while minimizing harm to beneficial organisms and reducing environmental impact. Moreover, the adoption of integrated pest management (IPM) practices, which emphasize the use of multiple pest control strategies in a holistic approach, further drives the demand for IGRs.
Restraint:
High cost
While IGRs offer numerous benefits, including targeted pest control and reduced environmental impact, their initial investment and ongoing application expenses can be prohibitive for some farmers. The cost of IGRs encompasses various factors, including product development, manufacturing, registration, and distribution. Additionally, the need for repeated applications throughout the growing season can contribute to the overall expense, which limits market expansion.
Opportunity:
Advancements in research and technology
Ongoing research and technological advancements in the field of IGRs have led to the development of more effective and targeted products. Advancements in research have led to a better understanding of insect biology and physiology, providing insights into the specific life stages and processes that can be targeted by IGRs. Furthermore, technological advancements have improved the formulation and delivery mechanisms of IGRs, making them more user-friendly and efficient. Therefore, these advancements in research and technology are significant factors in accelerating market demand.
Threat:
Regulatory challenges
The registration and approval process for new IGR products can be complex and time-consuming, requiring manufacturers to meet stringent regulatory requirements set by authorities. Manufacturers need to conduct comprehensive studies and provide scientific evidence on the safety, efficacy, and environmental impact of their IGR products. However, this data collection process can be expensive and time-consuming, particularly for smaller companies with limited resources. Meeting these regulatory requirements can pose challenges for manufacturers, particularly smaller companies, and result in delays in bringing new IGR products to the market.
Covid-19 Impact
The COVID-19 pandemic had a significant impact on the insect growth regulator (IGR) market. Initially, disruptions in supply chains and logistical challenges hampered the availability and distribution of IGR products. Furthermore, the economic downturn caused by the pandemic led to financial constraints among farmers, prompting some to prioritize essential inputs over IGRs or reduce their overall agricultural expenditures.
The chitin synthesis inhibitors segment is expected to be the largest during the forecast period
The chitin synthesis inhibitors segment is estimated to hold the largest share, due to their selective mode of action and reduced impact on non-target organisms and the environment compared to traditional insecticides. They offer an effective alternative for controlling a wide range of insect pests, including beetles, caterpillars, and various agricultural pests, while minimizing the risk of resistance development. Furthermore, CSIs demonstrate compatibility with integrated pest management (IPM) approaches, allowing for their integration into holistic pest control strategies alongside biological control agents, cultural practices, and other pest management tactics.
The agriculture segment is expected to have the highest CAGR during the forecast period
The agriculture segment is anticipated to have lucrative growth during the forecast period. These chemicals disrupt the development of insects by targeting their hormonal systems, inhibiting molting or metamorphosis. Unlike traditional insecticides, they are more selective, posing minimal risk to beneficial organisms and the environment. Moreover, they're commonly used in integrated pest management strategies to control pests like mosquitoes, flies, and agricultural crop pests. By interfering with insect growth and reproduction, IGRs offer effective, sustainable pest control solutions in agriculture while minimizing ecological impacts.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period characterized by a diverse landscape of agricultural practices, climatic conditions, and pest pressures. Increasing awareness regarding environmental sustainability propels the shift towards safer and eco-friendly pest management alternatives, favouring IGRs' uptake. Moreover, government initiatives aimed at enhancing agricultural productivity while minimizing chemical pesticide usage further stimulate market growth.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The region's large-scale agricultural operations, including major crops like corn, soybeans, cotton, and fruits, create a substantial need for effective pest management solutions to mitigate crop losses. Furthermore, the increasing prevalence of insect pests, coupled with concerns over the environmental and health impacts of traditional chemical pesticides, has fuelled the shift towards safer and more sustainable alternatives like IGRs.
Key players in the market
Some of the key players in the Insect Growth Regulator Market include Sumitomo Chemical Co., Ltd., DowDupont Inc., Adama Agricultural Solutions Ltd., Nufarm Limited, BASF SE, Bayer AG, Central Life Sciences, Syngenta AG, OHP Inc., HELM Agro US, Inc., Russell IPM, Nufarm, Valent U.S.A. LLC, McLaughlin Gormley King Co., Inc., Control Solutions, Inc. and Central Garden & Pet Company.
Key Developments:
In February 2024, Syngenta AG and Lavie Bio Ltd., a subsidiary of Evogene Ltd. and a leading ag-biologicals company, announced an agreement for the discovery and development of new biological insecticidal solutions.
In July 2023, Sumitomo Chemical Co., Ltd and Ginkgo Bioworks announced a new program to develop functional chemicals with synthetic biology and expand upon the companies' existing bio manufacturing partnership.
In September 2022, BASF announces innovation partnership with RiKarbon on emollients derived from bio-waste, partnership builds on successful R&D activities of RiKarbon Inc. for new green emollients from bio-waste for personal care formulations
Types Covered:
• Juvenile Hormone Analogs and Mimics
• Anti-Juvenile Hormone Agents
• Chitin Synthesis Inhibitors
• Ecdysone Antagonists
• Other Types
Insect Types Covered:
• Lepidoptera
• Coleoptera
• Diptera
• Hemiptera
• Other Insect Types
Forms Covered:
• Liquid
• Aerosol
• Bait
Target Crops Covered:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Target Crops
Applications Covered:
• Livestock
• Residential
• Agriculture
• Commercial
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Insect Growth Regulator Market, By Type
5.1 Introduction
5.2 Juvenile Hormone Analogs and Mimics
5.3 Anti-Juvenile Hormone Agents
5.4 Chitin Synthesis Inhibitors
5.5 Ecdysone Antagonists
5.6 Other Types
6 Global Insect Growth Regulator Market, By Insect Type
6.1 Introduction
6.2 Lepidoptera
6.3 Coleoptera
6.4 Diptera
6.5 Hemiptera
6.6 Other Insect Types
7 Global Insect Growth Regulator Market, By Form
7.1 Introduction
7.2 Liquid
7.3 Aerosol
7.4 Bait
8 Global Insect Growth Regulator Market, By Target Crop
8.1 Introduction
8.2 Cereals & Grains
8.3 Oilseeds & Pulses
8.4 Fruits & Vegetables
8.5 Other Target Crops
9 Global Insect Growth Regulator Market, By Application
9.1 Introduction
9.2 Livestock
9.3 Residential
9.4 Agriculture
9.4.1 Horticultural Crops
9.4.2 Field Crops
9.4.3 Turf & Ornamentals
9.5 Commercial
9.6 Other Applications
10 Global Insect Growth Regulator Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Sumitomo Chemical Co., Ltd.
12.2 DowDupont Inc.
12.3 Adama Agricultural Solutions Ltd.
12.4 Nufarm Limited
12.5 BASF SE
12.6 Bayer AG
12.7 Central Life Sciences
12.8 Syngenta AG
12.9 OHP Inc.
12.10 HELM Agro US, Inc.
12.11 Russell IPM
12.12 Nufarm
12.13 Valent U.S.A. LLC
12.14 McLaughlin Gormley King Co., Inc.
12.15 Control Solutions, Inc.
12.16 Central Garden & Pet Company
List of Tables
1 Global Insect Growth Regulator Market Outlook, By Region (2021-2030) ($MN)
2 Global Insect Growth Regulator Market Outlook, By Type (2021-2030) ($MN)
3 Global Insect Growth Regulator Market Outlook, By Juvenile Hormone Analogs and Mimics (2021-2030) ($MN)
4 Global Insect Growth Regulator Market Outlook, By Anti-Juvenile Hormone Agents (2021-2030) ($MN)
5 Global Insect Growth Regulator Market Outlook, By Chitin Synthesis Inhibitors (2021-2030) ($MN)
6 Global Insect Growth Regulator Market Outlook, By Ecdysone Antagonists (2021-2030) ($MN)
7 Global Insect Growth Regulator Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Insect Growth Regulator Market Outlook, By Insect Type (2021-2030) ($MN)
9 Global Insect Growth Regulator Market Outlook, By Lepidoptera (2021-2030) ($MN)
10 Global Insect Growth Regulator Market Outlook, By Coleoptera (2021-2030) ($MN)
11 Global Insect Growth Regulator Market Outlook, By Diptera (2021-2030) ($MN)
12 Global Insect Growth Regulator Market Outlook, By Hemiptera (2021-2030) ($MN)
13 Global Insect Growth Regulator Market Outlook, By Other Insect Types (2021-2030) ($MN)
14 Global Insect Growth Regulator Market Outlook, By Form (2021-2030) ($MN)
15 Global Insect Growth Regulator Market Outlook, By Liquid (2021-2030) ($MN)
16 Global Insect Growth Regulator Market Outlook, By Aerosol (2021-2030) ($MN)
17 Global Insect Growth Regulator Market Outlook, By Bait (2021-2030) ($MN)
18 Global Insect Growth Regulator Market Outlook, By Target Crop (2021-2030) ($MN)
19 Global Insect Growth Regulator Market Outlook, By Cereals & Grains (2021-2030) ($MN)
20 Global Insect Growth Regulator Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
21 Global Insect Growth Regulator Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
22 Global Insect Growth Regulator Market Outlook, By Other Target Crops (2021-2030) ($MN)
23 Global Insect Growth Regulator Market Outlook, By Application (2021-2030) ($MN)
24 Global Insect Growth Regulator Market Outlook, By Livestock (2021-2030) ($MN)
25 Global Insect Growth Regulator Market Outlook, By Residential (2021-2030) ($MN)
26 Global Insect Growth Regulator Market Outlook, By Agriculture (2021-2030) ($MN)
27 Global Insect Growth Regulator Market Outlook, By Horticultural Crops (2021-2030) ($MN)
28 Global Insect Growth Regulator Market Outlook, By Field Crops (2021-2030) ($MN)
29 Global Insect Growth Regulator Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
30 Global Insect Growth Regulator Market Outlook, By Commercial (2021-2030) ($MN)
31 Global Insect Growth Regulator Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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