Insect Growth Regulators Market Will Hit Big Revenues In Future

The report Insect Growth Regulators Market by Type (Chitin Synthesis Inhibitors, Juvenile Hormone Analogs & Mimics, Anti-juvenile Hormone Agents), Form, Application (Agricultural, Livestock Pests, Commercial Pest Control), and Region – Forecast to 2022″, The global insect growth regulators market is estimated at USD 736.3 Million in 2016 and is projected to reach USD 1,054.3 Million by 2022, at a CAGR of 6.16% during the forecast period. The market is driven by factors such as adoption of environmentally safe crop protection products and rise in application scope of insect growth regulators in commercial pest control usage.

Insect growth regulators (IGRs) are insecticides that halt, slow, and disrupt an insect’s maturation process. These regulator products are mixed with other insecticides to slow the rate of pesticide resistance developed among insects. They help to eradicate insects at their early reproductive stage and reduce the risk of pest attacks on fully grown crops to increase the productivity and yield per unit. These attributes of IGRs have led to an increase in demand among producers across the globe.

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There is a growing demand for insect growth regulators in commercial pest control management, indoors as well as outdoors. It can be mixed with insecticides to control mosquitoes, fleas, and other insects. Insect growth regulators interrupt the development of juvenile stages of targeted insects such as ants, cockroaches, fleas, ticks, mosquitoes, litter beetles, and flying insects to prevent them from becoming egg-laying adults. Additionally, they have low toxicity levels, and some are even approved to be used in food establishments.

The chitin synthesis inhibitors segment accounted for the largest share among all the types of insect growth regulators, in 2016. The large share of this segment is due to their ability to restrict the early growth among insects by inactivating chitin synthesis, which is responsible for exoskeleton development.

The insect growth regulators market, by application, is estimated to be dominated by the agricultural segment in 2018. This dominance is attributed to the higher use of IGRs on field crops to control the infestation of insects and pests. These are also used for stored grains in warehouses. The crops on which insect growth regulator products are used include soybean and cotton.

The major factors restraining the growth of the insect growth regulators market are its less effectiveness as a standalone control method and inability to kill adult insects. However, the market has strong prospects in the coming years, as the market for off-patent crop protection chemicals is growing.

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The companies profiled in this report are Bayer CropScience AG (Germany), Dow Chemical Company (U.S.), Sumitomo Chemical Company Ltd. (Japan), Syngenta AG (Switzerland), ADAMA Agricultural Solutions Ltd. (Israel), Nufarm Ltd. (Australia), Platform Specialty Products Corporation (U.S.), Central Garden & Pet Co. (U.S.), Valent USA Corporation (U.S.), and Russell IPM Ltd. (U.K.).