Insect Growth Regulators Market

Insect Growth Regulators Market Outlook (2023 to 2033)

According to the recently published study by Fact.MR, the global insect growth regulators market recorded a valuation of US$ 916.99 million in 2022. Worldwide demand for insect growth regulators is forecasted to expand rapidly at a CAGR of 7.1% and reach a market size of US$ 1.95 billion by the end of 2033.

Significant growth of the agricultural industry along with increasing demand for food is estimated to boost sales of qualitative food products around the world. Therefore, a noteworthy increase in the demand for insect growth regulators is experienced.

• Sales of insect growth regulators in South Korea are predicted to rise at a CAGR of 4.4% and reach US$ 52.65 million by 2033.
• Worldwide demand for aerosol insect growth regulators is projected to increase at a CAGR of 6.2% and reach US$ 918.5 million by 2033.

Growing consumption of environment-friendly pesticides is predicted to boost market growth opportunities. Insect growth regulators are manmade chemicals, which impede insects’ reproductive cycle and ultimately lead to their death. Insect growth regulators mimic hormones that are present inside the body of insects and disrupt their growth at the stage of molting.

Insect growth regulators also act as birth control for different pests. They are used as effective solutions against pests and come with developed resistance against insecticides. Non-persistent, bio-degradable, and non-polluting are some key features of insect growth regulators. They are beneficial microbes that are present in soil and are non-toxic.

Commercial, residential, and agriculture industries are boosting the demand for insect growth regulators. Rising integrated organic farming and pest management practices across emerging economies are predicted to augment demand for insect repellents over the coming 10 years.

Increasing use of pesticides is predicted to lead to harmful effects on arable land. Several synthetic-based pesticides generally contaminate groundwater and soil. They can also have harmful impacts on plants and beneficial bacteria. Repetitive use of pesticides leads to the development of resistance in plants and thus no effects are noticed on the life cycle of multiple pests.

Fact.MR, a market research and competitive intelligence provider, in its research report, provides insights on all required parameters that are crucial for readers to get an in-depth analysis of key trends in the global market.

Report Attributes	Details
Insect Growth Regulators Market Size (2023)	US$ 982.10 Million
Predicted Market Value (2033)	US$ 1.95 Billion
Global Market Growth Rate (2023 to 2033)	7.1% CAGR
India Market Growth Rate (2023 to 2033)	7.8% CAGR
China Market Value (2033)	US$ 659.12 Million
United States Market Growth Rate (2023 to 2033)	6.1% CAGR
Livestock Pest Control Segment Growth Rate (2023 to 2033)	6.9% CAGR
Key Companies Profiled	Nufarm Bayer McLaughlin Gormley King Valent USA Syngenta Helm Agro Adama Dow Chemical Company Sumitomo Chemical Company

Why is Usage of Insect Growth Regulators Rising Rapidly?

“High Demand for Insect Growth Regulators to Control Pests & Insects”

Demand for insect growth regulators is increasing for food storage and agriculture because of their effectiveness in controlling the growth of insects and pests. Suppliers are targeting the development of sustainable and organic insect growth regulators due to the increasing concerns about the application of numerous chemical regulators on the environment.

The industry is expanding due to the ability of various insect growth regulators to target a narrow spectrum of different insects. They can be applied in conjunction with some other pest control systems, which are intensifying product demand. Moreover, the rising global temperature is resulting in the proliferation of pests and insects, which is creating a highly conducive environment for the growth of insect growth regulators.

“Increasing Adoption of Sustainable Insect Growth Regulators by Commercial Food Product Manufacturers”

Multiple organizations, including Food Safety-EU Commission and FDA (Food and Drug Administration), established residual limits of pesticides for different food products. Conventional pesticides, including nitrogen and DDT (dichlorodiphenyltrichloroethane), have set MRL (maximum residue limit). Introduction of stringent regulations stimulated many suppliers of commercial food products to shift from conventional products and adopt sustainable insect growth regulators.

How Can the Sales Growth of Insect Growth Regulators Be Affected?

“Decreased Effectiveness of Insect Growth Regulators on Adult Insects”

The majority of insect growth regulators work effectively at the initial stages of the development of insects owing to their ability to interfere with insects’ growth, metamorphosis process, and development. However, they are less effective on insects that have reached and completed one growth cycle. Mutation in these insects enables them to resist insect growth regulators and decreases their effectiveness.

How are Start-ups Expected to Fare in the Market for Insect Growth Regulators?

“Production of Highly Efficient Insect Growth Regulators the Way to Go”

Start-ups are predicted to invest in multiple R&D activities that can lead to the production of highly efficient insect growth regulators. They are planning to develop insect growth regulators that can kill insects that have completed one growth cycle. The existing insect growth regulators are not much effective for adult insects. Therefore, introducing more advanced products is projected to help new entrants gain popularity.

Country-wise Insights

What is Driving the Sales of Insect Growth Regulators in the United States?

“Increased Consumer Spending on Pet Care Products”

Demand for insect growth regulators in the United States is predicted to increase at a CAGR of 6.1% and reach US$ 493.37 million by 2033. Americans are spending at a noteworthy rate on pet care as well as healthcare products, which is predicted to mark a fortune for suppliers of insect growth regulators.

Advanced formulations developed by manufacturers are leading to rising prices of insect growth regulators. However, stable economic conditions in the United States offset this price rise. The presence of many prominent companies in the United States provides products at competitive prices and reduces logistics costs.

What Makes the United Kingdom an Invest-worthy Market for Suppliers of Insect Growth Regulators?

“Rising Demand for Environment-friendly Crop Protection Products”

Sales of insect growth regulators in the United Kingdom are projected to advance at a CAGR of 5.9% and reach a valuation of US$ 95.55 million by the end of the projected period. Growing demand for eco-friendly insect growth regulators is expected to boost their sales.

• The European Commission stated in its 2020 report that biopesticide products ensure less toxicity and are easily decomposable in the environment. They are advantageous for the environment as well as for human beings.

What Makes India a Lucrative Market for Insect Growth Regulator Manufacturers?

“Rising Concerns about Food Quality in the Country”

Sales of insect growth regulators in India are forecasted to expand at a CAGR of 7.8% and reach a value of US$ 274.96 million by the end of 2033.

India is one of the largest countries in Asia Pacific with respect to agricultural output. The growing population is leading to rising concerns about health and food quality, which ultimately leads to the increased demand for insect growth regulators. The industry players are concentrating on eco-friendly solutions to minimize harm to humans and the environment.

Category-wise Insights

Which Type of Insect Growth Regulator Accounts for Higher Sales?

“Aerosols Considered Effective in Destroying Insects and Come in Eco-friendly Packaging”

Demand for aerosol insect growth regulators is estimated to register a CAGR of 6.2% and reach US$ 918.5 million by 2033.

Sales of aerosol insect growth regulators are increasing due to their easy application. Manufacturers are concentrating on eco-friendly packaging, which is appropriate for residential use.

Aerosols do not leave any sort of marks, unlike liquid insect growth regulators, which are very difficult to clean. The ability of aerosol insect growth regulators to reach difficult areas to destroy insects makes it a more viable option.

Why are Insect Growth Regulators Becoming Popular for Livestock Pest Control?

“Increasing Animal Care Concerns Fueling Demand for Insect Growth Regulators”

Demand for insect growth regulators for livestock pest control is predicted to progress at a CAGR of 6.9% and reach a valuation of US$ 801.5 million by 2033. Different organizations, including the World Pet Association and PETA (People for the Ethical Treatment of Animals), are putting efforts to promote animal welfare, which is gaining traction due to the rising adoption of various pets such as cats and dogs. The animal husbandry & livestock sector is forecasted to experience a significant increase, in addition to household pets.

Animals are more prone to insect infestation, therefore an increase in the demand for insect growth regulators is noticed. This leads to growing sales of safe and specially prepared insect growth regulators for livestock and household pets.

Key Market Players

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 :

  • Anti-juvenile
  • Chitin Synthesis
  • Juvenile Hormone Analogs & Mimics

• By Form :

  • Liquid
  • Aerosol
  • Bait

• By Application :

  • Agriculture & Gardens
  • Commercial Pest Control
  • Livestock Pest Control

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa