Global Insect Growth Regulator Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Insect growth regulator (IGR) is also termed as insecticide or growth inhibitors are a chemical that mimics the life cycle of an insect. This insecticide can control various types of insects like mosquitos, fleas, and cockroaches, and inhibit reproduction in adult insects.
The factors that are playing a major role in the growth of Insect Growth Regulator Industry are rising use of eco-friendly products and rising organic farming in developing countries. On the other hand, factors that are restraining overall market growth are the insect growth regulator products are effective only in the initial stages of insect and pest growth.
Insect Growth Regulator Market is segmented based on type, form, application, and region. Types such as Anti-Juvenile Hormone Agents, Chitin Synthesis Inhibitors, Juvenile Hormone Analogs & Mimics, and others classify this market. Chitin synthesis inhibitors segment accounts for the largest market share of Insect Growth Regulator Industry and is estimated to lead the overall market in the years to come. On the other hand, juvenile hormone analogs & mimics segment is estimated to grow at fastest pace in the years to come.
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A form such as Bait, Liquid, Aerosol, and others classify Insect Growth Regulator Market. The liquid segment accounts for the largest market share of the industry and is estimated to lead the overall market in the years to come. The reason being, they are cost-efficient and high performance over severe occurrences. On the other hand, the aerosol segment is estimated to grow at fastest pace in the years to come.
Applications into Livestock Pests, Agricultural (Lawns & Gardens, Field Crops, Turf & ornamentals, Horticultural Crops), Commercial Pest Control, and others classify Insect Growth Regulator Market. The agricultural segment accounts for the largest market share of this Industry and is estimated to lead the overall market in the upcoming years.
Insect Growth Regulator Industry is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, North America accounts for the largest market share of the market and is estimated to lead the overall market in the years to come. The reason being, rising adoption of safer alternatives to pesticides that are environment-friendly, innovative packaging, and product innovation. Europe and the Asia Pacific follow the suit.
On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come. The reason being, improving the standard of living, growing health awareness, increasing awareness regarding professional pest control services, growth in the agricultural sector, and increment of a middle-class population.
The key players of Insect Growth Regulator Market are Control Solutions Inc., Bayer AG, Sumitomo Chemical Company Limited, Central Life Science, McLaughlin Gormley King Company, OHP Inc., Valent USA LLC, Syngenta AG, Russell IPM, Dow AgroSciences LLC, Nufarm Limited, and Helm Agro US. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Insect Growth Regulators in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global Insect Growth Regulators market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Bayer CropScience
• Dow Chemical Company
• Sumitomo Chemical Company
• ADAMA Agricultural Solutions
• Nufarm Ltd
• Platform Specialty Products
• Central Garden & Pet Co
• Russell IPM Ltd
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Insect Growth Regulators for each application, including
• Livestock Pests
• Commercial Pest Control
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals
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