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Insect Growth Regulators Market

Insect Growth Regulators Market

Insect Growth Regulators Market Analysis by Type (Anti-juvenile, Chitin Synthesis, Juvenile Hormone Analogs & Mimics), by Form (Liquid, Aerosol, Bait Insect Growth Regulators), by Application, by Region - Global Insights 2021-2031

Insect Growth Regulators Market
FACT4282MR
  • Sep-2021
  • List of Tables : 108
  • List of Figures : 81
  • 170 Pages
  • Consumer Goods

Insect Growth Regulators Market Outlook

The insect growth regulators market is expected to foresee a growth of around 7% CAGR and reach a market valuation of US$ 1.7 Billion in the assessment period 2021-2031.

The growth in the agricultural sector and the demand for food has increased by leaps and bounds. This, in turn, expects the food quality to be good.  Thus, the use of insect growth regulators has increased.

Key Points Covered in Insect Growth Regulators Industry Analysis

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Insect Growth Regulators Market and How to Navigate
  • Recommendation on Key Winning Strategies

Consumption Analysis of Insect Growth Regulators from 2016 to 2020 Vs Future Projections 2021-2031

As per Fact.MR, historically, from 2016 to 2020 the insect growth regulators industry surpassed a market value of over US$ 800 Million in 2020, growing at over 5% CAGR.

The growing agricultural sector across the globe is propelling the demand for insect growth regulators. In addition, the ease and usability factor of aerosol insect growth regulators is boosting the acceptance of insect growth regulators.

Thus, the insect growth regulator market is expected to surpass a market value of US$ 1.7 Billion in the forecast period 2021-2031.

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Will Organic Insect Growth Regulators Bolster Demand?

Insect growth regulators are witnessing high demand in agriculture and food storage owing to their efficacy in controlling growth of pests and insects. Manufacturers are increasingly targeting development of organic and sustainable insect growth regulators, amid rising concerns regarding use of chemical regulators on the environment.

The market is bolstered by the ability of insect growth regulators to target a narrow spectrum of insects. Insect growth regulators can be used in conjunction with other pest control systems, which further intensifies its demand.

A rise in temperatures is leading to proliferation of insects and pests which in turn creates a highly conducive environment for growth of insect regulators market.Fact.MR forecasts that the global market for insect growth regulators is to expand at a CAGR of about 7% between 2021 and 2031.

Why are Commercial Food Products Manufacturers Adopting Insect Growth Regulators?

Organizations such as the FDA and Food Safety - EU commission have established maximum residual limits of pesticides in food products. Traditional pesticides such as DDT and Nitrofen have a maximum residue limit (MRL) of 0.001 µg/Kg, while conventional insect growth regulators such as pyriproxyfen and methoprene have MRL of 1.0 and 0.02 µg/Kg.

The introduction of strict regulations has made the food products manufacturers make a shift from traditional pesticides to sustainable insect growth regulators.

An Adaptive Approach to Modern-day Research Needs

Country-wise Analysis

What Growth Prospects Abound across the U.S Market?

High spending capabilities of North Americans on pet care and health products has kept the market for insect growth regulators in a steady growth category. Advanced formulations developed by companies has increased the cost of insect growth regulators but stable economic condition offsets the price rise.

The presence of prominent companies in the region also provides a small decrease in price due to reduced costs of logistics. The market in North America for insect growth regulators will create an incremental opportunity of around US$ 65 Mn from 2021-2031.

Why are Insect Growth Regulators Popular in Asia-Pacific?

India and China are the largest countries with regard to agricultural output. In addition, the increasing population in the region is concerned about food quality and health. Both countries will collectively yield over 65% revenue in the forthcoming years.

The region is also focusing on eco-friendly solutions that would not harm the environment or humans. Thus, Asia is gaining traction for insect growth regulators. 

Category-wise Insights

Why is Demand for Aerosol Insect Growth Regulators Increasing?

Aerosol insect growth regulators are gaining popularity as they are extremely easy to use. Manufacturers of insect growth regulators are focusing on eco-friendly packaging that would be suitable for residential use.

 In addition, unlike liquid insect growth regulators, aerosols do not leave marks that are difficult to clean. Aerosol insect growth regulators’ ability to reach difficult areas to kill insects is making it a viable option to use. A CAGR of around 5% is projected for this segment.

Are Pet Care Concerns Bolstering Demand for Insect Growth Regulators?      

Efforts by organizations such as PETA and the World Pet Association to promote animal welfare has gained traction with an increasing number of pets such as dogs and cats being adopted. These numbers have risen by 2% and 1% in the last decade. Along with household pets, livestock and animal husbandry have also seen a prolific rise.

As animals are prone to insect infestation, demand for insect growth regulators which are specially prepared and safe for household pets and livestock has witnessed a significant momentum. On this premise, the market share for pet and livestock pest control is expected to account for nearly 40% through 2031.

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Competitive Landscape

Key players in the insect growth regulators industry are focusing on inventing products that would stop the growth of insects at earlier stages. Thus, manufacturers are constantly innovating and upgrading solutions that would be suitable for different purposes too.

Major chemical companies are venturing into the insect growth regulators market with product offerings ranging from traditional chitin synthesis inhibitors to novel anti-juvenile hormone agents.

Many small-scale companies have established operations in various regions such as China, India, and Brazil, etc. where they are manufacturing insect growth regulators with hundreds of different formulations, which have different selectivity for a range of insects and show varied results depending upon the species of insects the products are used on.

  • Bayer, for example, in December 2018, received WHO pre-qualification for Fludora Fusion, an insect growth regulator to combat malaria-causing mosquitoes
  • Syngenta, in April 2019, announced that their new insect growth regulators having a novel mode of action to address malarial vectors, and are currently under the primary phase of research.

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania 
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • UK
  • Spain
  • France
  • Italy
  • Russia
  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • GCC
  • South Africa

Key Market Segments Covered

  • Type
  • Form
  • Application
  • Region

Key Companies Profiled

  • Bayer
  • Nufarm
  • Valent USA
  • McLaughlin Gormley King
  • Helm Agro
  • Syngenta
  • Adama
  • Sumitomo Chemical Company
  • Dow Chemical Company

Pricing

Available upon Request

Key Segments Covered

  • Type

    • Anti-juvenile Insect Growth Regulators
    • Chitin Synthesis Insect Growth Inhibitors
    • Juvenile Hormone Analogs & Mimics Insect Growth Inhibitors
  • By Form

    • Liquid Insect Growth Regulators
    • Aerosol Insect Growth Regulators
    • Bait Insect Growth Regulators
  • By Application

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

- FAQs -

The insect growth regulators surpassed around US$ 800 Mn in 2020

From 2016 to 2020, sales of insect growth regulators grew at a CAGR of 5%

The insect growth regulators industry is expected to surpass 7% CAGR from 2021-2031

The insect growth regulators market will gain market value of nearly US$ 1.7 Bn by 2031

Growing agricultural sector and environmentally friendly regulators are driving insect growth regulators sales.

Asia is expected to be the most lucrative market, with India and China likely to contribute 65% revenue

The U.S is expected to generate incremental opportunity worth US$ 65 Mn by 2031

Bayer, Nufarm, Valent USA, McLaughlin Gormley King, Helm Agro, Syngenta, Adama, Sumitomo Chemical Company, Dow Chemical Company are some prominent manufacturers.

Livestock pest control will stimulate major demand, accounting for nearly 40% demand

Aerosols are likely to witness high growth, expanding at around 5% CAGR until 2031

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