Global Insect Growth Regulator Market Growth Rate 2024, Forecast To 2033
21 Feb, 2024
Insect growth regulator market has grown from $0.94 billion in 2023 to $1.01 billion in 2024, with a 7.9% CAGR. Forecasts suggest growth to $1.36 billion in 2028, with a 7.7% CAGR. Trends include technological advancements and expanded applications.
Global Insect Growth Regulator Market Key Driver
The insect growth regulators market is growing, driven by the increasing usage of environmentally friendly pesticides. Environment-friendly crop protection products, derived from natural sources, are gaining popularity in organic farming. Bacillus thuringiensis (Bt) is a major component, constituting about 90% of microbial biopesticides. The global usage of biopesticides is rising by approximately 10% annually. The shift toward environmentally friendly pesticides contributes to the growth of the insect growth regulators market.
Get A Free Sample Of The Global Insect Growth Regulator Market ReportGlobal Insect Growth Regulator Market Segments
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
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the regulator market in 2023 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
Major Insect Growth Regulator Industry Players
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; Element Solutions Inc.; 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; MealFood Europe S. L.; Smart Resilin Ltd.; Hexafly; Norbite; Koppert Biological Systems; Biobest Group NV; Suterra LLC
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Insect Growth Regulator Market Overview
Insect growth regulators refer to a pesticide that imitates the hormones that young insects produce. They interfere with an insect's ability to grow, develop, or undergo metamorphosis. They also affect how insects reproduce. These are basically a pesticide that prevents insects from growing and maturing normally instead than killing them instantly like conventional insecticides do.
Insect Growth Regulator Global Market Report 2023 provides data on the global insect growth regulator market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The insect growth regulator market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.