Market for Insect Growth Regulators Is Expected to Reach US$ 1.95 Billion by 2033

The global insect growth regulators market was valued at US$ 916.99 million in 2022, according to a recent Fact.MR analysis. By the end of 2033, the market for insect growth regulators is expected to be worth US$1.9 billion, growing quickly at a CAGR of 7.1%.

Sales of high-quality food products are expected to increase globally as a result of the agricultural sector's significant expansion and rising global food demand. As a result, there is a noticeable rise in the demand for insect growth regulators. Growing consumer use of eco-friendly pesticides is anticipated to increase market expansion prospects. Man-made compounds known as insect growth regulators prevent insects from reproducing, which ultimately results in their demise. Hormones that are mimicked by insect growth

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Will Organic Insect Growth Regulators Help?

Because of their effectiveness in controlling pest and insect growth, insect growth regulators are in high demand in agriculture and food storage. Manufacturers are increasingly focusing on the development of organic and sustainable insect growth regulators, as environmental concerns about the use of chemical regulators grow.

The ability of insect growth regulators to target a narrow spectrum of insects boosts the market. Insect growth regulators can be used in conjunction with other pest control systems, increasing demand even further.

Competitive Landscape:
New developments, strengthening supply chain management systems, providing quality products, maintaining product standards, etc., are key functional areas of industry players.

Prominent manufacturers of insect growth regulators are concentrating on developing products to stop the growth of different insects at earlier stages only. Therefore, they are constantly upgrading and innovating solutions for multiple purposes. Key companies are venturing into the insect growth regulators landscape, offering products from conventional chitin synthesis
inhibitors to new anti-juvenile hormone agents.

For instance :
• In 2021, Bayer launched Vayego 200 SC. It is a new multi-faceted insecticide that deals effectively against caterpillars and matches the requirements of modern farmers for diverse protection.
• In April 2019, Syngenta announced that their newly launched insect growth regulators have a fresh mode of action to address the issue of malarial vectors.

Key players in the insect growth regulators market are Nufarm, Bayer, McLaughlin Gormley King, Valent USA, Syngenta, Helm Agro, Adama, Dow Chemical Company, and Sumitomo Chemical Company.

Segmentation of Insect Growth Regulators Industry Research:

• By Type :
o Anti-juvenile
o Chitin Synthesis
o Juvenile Hormone Analogs & Mimics

• By Form :
o Liquid
o Aerosol
o Bait
• By Application :
o Agriculture & Gardens
o Commercial Pest Control
o Livestock Pest Control

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

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Insect Growth Regulators Industry Analysis Highlights

• Market estimates and projections for 2022-2031
• Key market growth drivers and constraints
• Analysis of Segments, Countries, and Regions
• Benchmarking and Competition Mapping
• Analysis of Market Share
• Product Innovations and the Regulatory Environment
• The Impact of COVID-19 on the Market for Insect Growth Regulators and How to Navigate It

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This release was published on openPR.