Published on : Nov 09, 2017
Albany, New York, November 9, 2017: Presently, insect growth regulators are considered as a safer alternative to insecticides. Plentiful advantages of IGRs, such as minor harmful impact on the environment and enhanced compatibility with pest management practices, make them attractive alternatives to several insecticides. In recent decades, globally increasing consumption of environment-friendly pesticides has been a major factor driving market growth of insect growth regulators. To explore further details about the global market, Market Research Hub (MRH) has included a new report to its archive, which is titled as “Insect Growth Regulator Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. This precise report on the global insect growth regulators market provides a detailed insight into key drivers and restraints, notable trends, share and size of various segments, and competitive landscape. For the benefit of the readers, the report provides a complete perspective on the market’s growth on the basis of revenue in US$ Mn, covering different geographical regions namely Europe, APEJ, North America, Asia Pacific, Middle East & Africa and Latin America.
According to the findings of the study, the global insect growth regulators market is predicted to rise from US$747.7 Mn in 2017 to reach a valuation of US$907.2 Mn by the end of 2022 end. Apart from this growth, the market is expected to register a CAGR of 3.9% from 2017 to 2022. At present, the intensifying search for environmentally-benign substitutes to control measures for insect pests is a key factor that led to the evolution of insect growth regulators (IGRs).
The escalating need for controlling insect pests of stored foods without affecting other beneficial organisms is a crucial factor fortifying the demand for insect growth regulators. To offer readers detailed insights and analysis, the report segments the global insect growth regulators market on the basis of product type, form type, application, and region. In terms of geography, North America is the dominant market in 2017, vis-à-vis revenue, and is expected to remain so throughout the forecast period. The presence of a number of prominent companies in the region is also accentuating this market growth. On the basis of product type, the study covers Chitin Synthesis Inhibitors, Anti-Juvenile Hormone Agents, Juvenile Hormone Analogs and Mimics. Among these, the chitin synthesis inhibitors product type of insect growth regulators is projected to rise to US$ 476.3 Mn by 2022 end, which represents a share of 52.5% in the market.
Major applications of insect growth regulator include commercial pest control, agriculture and gardens, livestock pest control and others. This also finds wide applications in controlling populations of a variety of insect pests, including cockroaches, bedbugs and fleas. Also, they are available in variety of forms such as Bait, Aerosol and Liquids.
Several players are actively engaged in developing insect growth regulators formulations that can treat a wide range of pests. Moving further in the research study, the competitive landscape section features some of the top companies, their products and business strategies, and their standing in the global market. Prominent players discussed in the report are Nufarm Ltd., Dow Chemical Company, Valent USA Corporation, Bayer Crop Science AG, Sumitomo Chemical Company Ltd., ADAMA Agricultural Solutions Ltd., Syngenta AG, Platform Specialty Products Corporation, Central Garden & Pet Co., and Russell IPM Ltd.
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