Insect Growth Regulators Market Outlook
According to the report by Expert Market Research (EMR), the global insect growth regulators market size reached a value of USD 1037.27 million in 2023. Driven by the growing need for effective pest control solutions in agriculture and other industries, the market is projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a market value of USD 1781.84 million by 2032.
Insect growth regulators are chemicals used to control pest populations by interfering with their development cycle. These products do not kill insects directly but instead disrupt their life cycle, preventing them from reaching maturity or reproducing. IGRs are increasingly used in agriculture, forestry, urban pest control, and public health sectors due to their effectiveness and minimal environmental impact compared to traditional insecticides.
The global IGR market is seeing significant growth, spurred by increasing global agricultural output, the rising demand for food production, and the growing adoption of sustainable farming practices. Additionally, the increasing prevalence of insect-borne diseases, particularly in tropical and subtropical regions, has also contributed to the demand for insect control solutions. As the awareness of the harmful environmental impacts of conventional pesticides grows, IGRs are being viewed as a more eco-friendly and sustainable alternative.
Market Drivers
The increasing demand for agricultural products is a major driver for the growth of the insect growth regulators market. With the global population on the rise, food production needs to increase, and pest control is an essential part of this process. Insects such as locusts, beetles, and aphids pose significant threats to crop yields, and efficient pest control solutions are crucial in protecting agricultural productivity.
IGRs offer several advantages over traditional insecticides. They are more selective, targeting specific pest species while leaving beneficial insects, such as pollinators, unharmed. This selective action helps preserve biodiversity and ecosystem balance. Furthermore, IGRs tend to break down more quickly in the environment compared to conventional insecticides, reducing their long-term environmental impact.
The growing awareness of the environmental and health risks associated with the widespread use of chemical pesticides has also prompted a shift toward alternative solutions such as IGRs. Conventional pesticides are often criticized for their toxicity, persistence in the environment, and contribution to the development of resistant pest populations. As such, IGRs offer an attractive solution, particularly in integrated pest management (IPM) systems, which aim to control pest populations in an environmentally sustainable manner.
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Key Applications and Trends
The agricultural sector remains the dominant application for IGRs, accounting for the largest share of the global insect growth regulators market. IGRs are used to control a wide variety of pests that threaten crops, including insects that damage fruits, vegetables, and grains. The use of IGRs in agriculture is expected to continue growing, driven by the increasing focus on sustainable farming practices and the adoption of IPM strategies.
Insect growth regulators are also gaining traction in the forestry industry, where they are used to manage pest populations that can affect tree health. For instance, IGRs can be used to control bark beetles, which are notorious for damaging forests, especially in regions prone to forest infestations. The use of IGRs in forestry is expected to increase as forest management practices evolve to incorporate more environmentally friendly pest control solutions.
Urban pest control is another significant application of IGRs. Insects such as mosquitoes, cockroaches, and flies are common pests in urban environments, posing health risks and causing nuisance. IGRs are used in residential and commercial buildings to manage these pests, offering a more targeted and less toxic alternative to traditional insecticides.
The public health sector is increasingly turning to IGRs for mosquito control, particularly in the fight against diseases such as malaria, dengue, and Zika virus. These mosquito-borne diseases remain significant public health concerns in many parts of the world, especially in tropical and subtropical regions. The use of IGRs to control mosquito larvae and prevent the spread of these diseases is expected to continue to grow as part of integrated vector management programs.
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Insect Growth Regulators Market Segmentation
The market can be divided based on product, form, application, and region.
Market Breakup by Product
- Chitin Synthesis Inhibitors
- Juvenile Hormone Agonists
- Ecdysone Antagonists
- Ecdysone Agonists
Market Breakup by Form
- Aerosol
- Liquid
- Bait
Market Breakup by Application
- Agriculture
- Residential
- Commercial
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global insect growth regulators market. Some of the major players explored in the report by Expert Market Research are as follows:
- OHP, Inc.
- Syngenta AG
- Corteva Agriscience
- McLaughlin Gormley King Company
- Nufarm Limited
- Control Solutions, Inc.
- Others
Challenges and Restraints
While the global insect growth regulators market is expected to grow, several challenges could potentially restrain its growth. The high cost of IGRs compared to traditional pesticides may limit their adoption, particularly in developing regions where farmers may be more price-sensitive. Additionally, there is a need for continued research and development to improve the efficacy and cost-effectiveness of IGRs, particularly in the face of evolving pest resistance.
The regulatory landscape is another challenge. While IGRs are generally considered safer and more environmentally friendly than traditional insecticides, they are still subject to regulatory approval in many regions. The approval process for new insect growth regulators can be lengthy and costly, which may hinder market growth, particularly for new entrants and smaller companies.
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