Global Methoprene Market: Overview

Methoprene is an insect growth regulator or a juvenile hormone mimic. Rather than killing insects, methoprene controls them by interfering with normal hormone levels within the insect at critical development periods, preventing growth and/or maturation. It is actived by contact or ingestion, and in some insects (e.g., fleas) it affects eggs or female fecundity. Methoprene controls a broad range of insects, including hymenoptera, diptera, homoptera, coleoptera, and syphonaptera. Its functions include mosquito larvae control, post-harvest grain protection, prevention of flea-egg development, and control of horn fly larvae in cattle manure. Furthermore, recommendation for dosage of methoprene in various applications by WHO will increase the demand of methoprene and tolerance exemption of methoprene from EPA, has resulted in rise in its demand globally.  

Global Methoprene Market: Key Segments

In terms of type, the methoprene market can be classified into s-methoprene and r-methoprene. S-methoprene is an important hormone in insects. It can be used against fleas, moths, beetles, flies, and other insects. S-methoprene is a synthetic mimic of a natural insect hormone that prevents immature insects from developing into adults. S-methoprene is approved for insect control by the EPA in homes, for stored grains, on pets, and as cattle feed through.

Based on application, the methoprene market can be divided into agriculture and gardens, livestock pest control, commercial pest control, and others.  The others segments in methoprene market includes household, wastewater treatments, sewage, drinking water, and others. The agriculture and gardens segment is estimated to account for a significant market share during the forecast period, followed by livestock pest control. Methoprene is commonly added to insecticide products because it affects the insects that survive exposure to the other pesticides. It comes in several formulations including dusts, granules, ready-to-use liquids, pressurized sprays, and in flea collars. Methoprene is commonly found in flea treatments for dogs and cats, in cattle feed to control flies, and in mosquito control products. It is also used in insect baits and home insect sprays.

In terms of region, the methoprene market can be categorized into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the methoprene market during the forecast period, followed by Europe. The dominance of North America in the global methoprene market can be attributed to the rising concerns regarding sustainability and safety of chemicals for pest control. Asia Pacific contributes significantly to the overall methoprene market, due to the expansion of the manufacturing industry in countries such as Japan, China, and India. Latin America and Middle East & Africa also account for significant market shares. This can be ascribed to the increase in demand for methoprene from end-use industries in these regions.

Global Methoprene Market: Key Players

Prominent players operating in this market include Cayman Chemicals, Merck, BASF, Bayer Cropscience, Sumitomo Chemical, ADAMA, Syngenta, FMC, Mitsui Chemicals, AgBiTech, and Corteva Agriscience. The key strategy followed by the global players is mergers and acquisitions. For instance, in 2014 ADAMA acquired Control Solutions to expand its agricultural product segment. Regional players such as MGK, Valent, and Russell IPM also have a significant role in the expansion of the methoprene market. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Methoprene Market

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