On the backdrop of constantly worsening effects of commonly used insecticides and pesticides on the ecosystem as well as human health, there has been a growing demand for safer products. This has been considered as one of the key driving factors for the overall development of the global insect growth regulator market as there has been an emerging demand for safer and environment friendly products. Insect growth regulators generally affect the natural growth of pests and insects at several stages, including the both embryonic as well as post embryonic development, behavior, and reproduction. In several parts of the globe these compounds or chemicals are getting huge popularity as majority of them are considered to be more effective than the presently available wide spectrum of insecticides.
Growing Demand for Eco-Friendly Alternatives for Market Development
“These insect growth regulators are being used in different combination with other biological pest management systems, these regulators are gaining growing acceptance in several regions mainly due to their non-toxicity and selectivity of action”, notes TMR analysts.
A recent research report by Transparency Market Research on the global insect growth regulator market predicts the market will exhibit a moderate CAGR of 3.9% over the course of the given forecast period of 2017 to 2022. With this rate of growth, the global market is expected to reach a new valuation of US$907.2 mn by the end of 2022. Initially, the valuation of the market was around US$747.7 mn back in the year 2017.
Increasing Application Sectors of Growth Regulators is Beneficial for Market Growth
Across the globe, there has been a growing demand for more environment friendly and safer alternatives to effectively control the growth of insects and pests. “This growing demand has been the key driving factor for the overall development of the global insect growth regulator market. Moreover, in recent years, there has been growing applications pest control mechanism in sectors such as stored products, gardening, forestry, and agriculture among others. This rise in the number of applications has also helped in driving the development of the global market,” observe TMR analysts.
Another important factor that is helping to push the growth of the global insect growth regulator market is the increasing demand insecticides alternatives that do not harm insects that are beneficial for the environment in a closed environment. Moreover, these insect growth regulators are increasingly finding application in residential sector for controlling populations of cockroaches, fleas, and bedbugs among others.
The competitive landscape of the global insect growth regulator market is a fragmented one. This fragmentation is because of the increasing number of companies operating in the global market. Some of the key companies in the global market for insect growth regulators are Russell IPM Ltd., Central Garden & Pet Co., Valent USA Corporation, Sumitomo Chemical Company Ltd. among others.
- Product Type
- Chitin Synthesis Inhibitors
- Juvenile Hormone Analogs & Mimics
- Anti-Juvenile Hormone Agents
- Form Type
- Agriculture and Gardens
- Livestock and Pest Control
- Commercial Pest Control
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
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