Press release
Insect Growth Regulator Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Insect Growth Regulator Market
The surge in the use of eco-friendly pesticides is playing a substantial role in the expansion of the insect growth regulators market. Pesticides are comprised of chemical compounds intended to exterminate harmful agents such as viruses, bacteria, antimicrobials, or disinfectants that neutralize or destroy pests. Environmentally friendly crop protectants, derived from natural sources and utilized in organic farming, break down rapidly and have a minimal environmental footprint. These substances also lessen the potential threat of long-term poisoning from chemical insecticides for those who apply them. For example, a forecast from a US-based US Home & Garden Pesticides company in September 2024 predicted that pesticide sales will increase 2.8% each year, culminating at $3.2 billion by 2028. This comes after years of fluctuation due to gardening activity spikes driven by COVID. Hence, the rising demand from increased consumption of eco-friendly pesticides fosters the growth of the insect growth regulators market.
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What growth opportunities are expected to drive the insect growth regulator market's CAGR through 2034?
The market for insect growth regulators has experienced robust expansion in the previous years. The market which was valued at $1 billion in 2024 is set to escalate to $1.08 billion in 2025, recording a compound annual growth rate (CAGR) of 7.5%. This admirable growth trajectory in the historic period is the result of escalating pest issues, rising environmental apprehensions, regulatory endorsements, and significant advancements in formulations.
The market size of insect growth regulators is anticipated to experience robust expansion in the upcoming years. By 2029, it is projected to reach a value of $1.49 billion with a compound annual growth rate (CAGR) of 8.4%. The predicted increase over the forecast period is due to factors such as the evolution of agricultural practices, heightened prevalence of pest resistance, wider areas of application, consumer preferences, and changes in global climate. The forecast period is also expected to witness key trends such as technological improvements, broader industry application, enhancements in formulations, augmented attention towards non-target species, state-of-the-art technology, and market consolidation.
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What are the emerging trends shaping the future of the insect growth regulator market?
A key trend emerging in the insect growth regulators market is the increasing adoption of cutting-edge technologies. Firms operating in this market are prioritizing technological updates - including breakthrough insecticides - to maintain their competitive advantage. For instance, Bayer, a German pharmaceutical giant, announced in April 2024 that they would be launching their maiden biological insecticide specifically for plow-tillable crops. This was made possible via an exclusive license garnered from the UK's AlphaBio Control. Scheduled for an initial release in 2028, this revolutionary product is designed to counter pests such as the cabbage stem flea beetle, which is a significant threat to crops like oilseed rape and cereals. This new bioinsecticide aligns with Bayer's pledge to sustainable agriculture, providing farmers with a solution that not only preserves crop health but also lessens the environmental impact.
Which growth-oriented segments of the insect growth regulator market are leading the industry's development?
The insect growth regulator market covered in this report is segmented -
1) By Type: Chitin Synthesis Inhibitors, Juvenile Hormone Analogs And Mimics, Anti-Juvenile Hormone Agents
2) By Foam: Bait, Liquid, Aerosols
3) By Application: Agricultural, Livestock Pests, Commercial Pest Control
Subsegments:
1) By Chitin Synthesis Inhibitors: Benzoylureas, Morpholine Derivatives
2) By Juvenile Hormone Analogs And Mimics: Methoprene, Pyriproxyfen
3) By Anti-Juvenile Hormone Agents: Hydroprene, Fenoxycarb
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What regions are leading the charge in the insect growth regulator market?
Asia-Pacific was the largest region in the regulator market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the insect growth regulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the insect growth regulator market?
Major companies operating in the insect growth regulator market include Bayer CropScience LLC, Syngenta AG, Valent U. S. A Corporation, Russell IPM Ltd., Nufarm Limited, ADAMA Agricultural Solutions Ltd., OHP Inc., McLaughlin Gormley King Company, Dow Inc., Sumitomo Chemical Company Limited, Corteva Agriscience Inc., BASF SE, Central Garden & Pet Company, Helm Agro US Inc., Control Solutions Inc., Central Life Sciences LLC, Zoecon Professional Products, Panpan Industry Group Co. Ltd., Averstar Industrial Co. Ltd., Algenex S. L., Ÿnsect SAS, Oxitec Ltd., Protix Biosystems, Smart Resilin Ltd., Hexafly, Norbite, Koppert Biological Systems, Biobest Group NV, Suterra LLC
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What Is Covered In The Insect Growth Regulator Global Market Report?
•Market Size Forecast: Examine the insect growth regulator market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the insect growth regulator market for a structured understanding.
•Key Players Overview: Analyze major players in the insect growth regulator market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the insect growth regulator market.
•Segment Contributions: Evaluate how different segments drive overall growth in the insect growth regulator market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the insect growth regulator market.
•Industry Challenges: Identify potential risks and obstacles affecting the insect growth regulator market.
•Competitive Landscape: Review strategic developments in the insect growth regulator market, including expansions, agreements, and new product launches.
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