Insect Growth Regulators Market 2021-26: Trends, Share, Scope, Growth and Forecast
According to the latest report by IMARC Group "Insect Growth Regulators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", The global insect growth regulators market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.7% during 2021-2026.
Insect growth
regulators (IGRs) refer to synthetic compounds that facilitate the growth,
development, and metamorphosis of various insects. They are obtained using the
synthetic analogs of insect hormones, including ecdysoids and juvenoids, and
non-hormonal compounds. Affordable, non-toxic and bio-degradable in nature,
they function by replicating the hormones present in the insects' bodies.
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Note: We are
regularly tracking the direct effect of COVID-19 on the market, along with the
indirect influence of associated industries. These observations will be
integrated into the report.
Market Trends:
The global
market is primarily driven by significant growth in the agricultural sector.
With the growing population and the increasing need for food across the globe,
there has been a considerable rise in the adoption of IGRs as an
environment-friendly crop production product. This is also supported by the
rising awareness regarding the negative impact of pesticides on human health
and arable land. Some of the other factors contributing to the market growth
include increasing environmental concerns among the masses, growing preference
for organic farming methods and the rising awareness regarding professional
pest control services on the global level.
Breakup by
Product:
- Chitin Synthesis Inhibitors
- Juvenile Hormone Analogs and
Mimics
- Ecdysone Antagonists
- Ecdysone Agonists
Breakup by
Form:
- Aerosol
- Liquid
- Bait
Breakup by
Application:
- Agriculture
- Residential
- Commercial
Market Breakup
by Region:
- North America (United States,
Canada)
- Asia Pacific (China, Japan, India,
South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United
Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico,
Others)
- Middle East and Africa
Competitive
Landscape with Key Player:
- BASF SE
- Central Life Science (Central
Garden & Pet Company)
- Control Solutions Inc (China
National Chemical Corporation)
- Dow Inc
- Nufarm Limited
- OHP Inc. (AMVAC Chemical
Corporation)
- Russell IPM Ltd
- Sumitomo Chemical Co. Ltd.
- Syngenta AG.
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coronavirus (COVID-19) crisis takes over the world, we are continuously
tracking the changes in the markets, as well as the industry behaviours of the
consumers globally and our estimates about the latest market trends and
forecasts are being done after considering the impact of this pandemic.
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