Press release
Insect Growth Regulators Market Key Data Points Mapped Including Top Key Players, Industry Scenario, Strategies, and Growth Factors for the Forecast Period Up to 2030 | grow at a CAGR of 7.4 %
The global Insect Growth Regulators market in 2020 was approximately USD 930 Million. The market is expected to grow at a CAGR of 7.4 % and is anticipated to reach around USD 1695 million by 2025. With the rising population, lack of arable land and the escalating demand for food, farmers are raising the usage of pesticides to improve the crop yield. This has led to the contamination of soil and groundwater.
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The resistance developed by pests against the repetitive usage of synthetic pesticides, coupled with the rising awareness about the adverse impact of pesticides on arable land and human health, is positively impacting sales of IGRs across the world. Further, there is an increase in the adoption of environment-friendly crop production products, which is fueling the sales of IGRs. But it is effective only in the initial stages of pest and insect growth which is a factor likely to hamper the market.
The market for insect growth regulators is intensely competitive and is highly fragmented. The vendors in the insect growth regulators market compete based on product portfolio, product differentiation, applications, and the pricing of products.
The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Bayer, Helm Agro, Syngenta, Valent USA, Nufarm, McLaughlin Gormley King and Others. In Feb 2020, Atticus, LLC, added new insect growth regulators for use in Southeastern and Western crops along cotton, citrus, vegetables, tree nuts and stone fruit.
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Global Insect Growth Regulators Market - Report Scope
Based On The Application, The Global Insect Growth Regulators Market Segmented Into
Agricultural
Commercial
Residential
Based On The Product, The Global Insect Growth Regulators Market Segmented Into
Aerosol
Liquid
Bait
Based On The Region, The Global Insect Growth Regulators Market Segmented Into
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Report Highlights
Global Insect Growth Regulators Market sizes from 2017 to 2024
Market growth projections through 2024 and the resultant market forecast for 2024
Impact of the market dynamics including market drivers, restraints and opportunities in the market size
Key industry trends, product trends, and application trends
Major driving/ leading segmentations, regions and countries in the Global Insect Growth Regulators Market
Competitive analysis with comprehensive company profiles of the leading industry players
In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Bayer, Helm Agro, Syngenta, Valent USA, Nufarm, McLaughlin Gormley King
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