Insect Growth Regulator Global Market Report 2024

Insect growth regulators (IGRs) are a type of pesticide designed to mimic the hormones produced by young insects, disrupting their ability to grow, develop, or undergo metamorphosis. Additionally, these regulators impact the reproductive processes of insects. Unlike conventional insecticides that immediately kill insects, IGRs work by preventing insects from growing and maturing normally.

The primary categories of insect growth regulators include chitin synthesis inhibitors, juvenile hormone analogs and mimics, and anti-juvenile hormone agents. Chitin synthesis inhibitors encompass chemically diverse compounds that hinder the chitin synthesis process and the formation of an exoskeleton. These inhibitors find use in regulating the development of fungal species and are commonly employed to mimic the life cycle of fleas that infest cattle and pets. Insect growth regulators are available in various formulations such as bait, liquid, and aerosols, and they are applied in agriculture, livestock pest management, and commercial pest control.

The insect growth regulators research report is one of a series of new reports that provides insect growth regulators market statistics, including insect growth regulators industry global market size, insect growth regulators market regional shares, competitors with a insect growth regulators market share, detailed insect growth regulators market segments, insect growth regulators market trends and opportunities, and any further data you may need to thrive in the insect growth regulators industry. This insect growth regulators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The insect growth regulator market size has grown strongly in recent years. It will grow from $0.94 billion in 2023 to $1.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The expansion observed during the historical period can be attributed to increasing pest-related challenges, heightened environmental concerns, regulatory backing, and advancements in formulations within the pest control industry.

The insect growth regulator market size is expected to see strong growth in the next few years. It will grow to $1.36 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to the rise in agricultural practices, heightened pest resistance, broader application areas, evolving consumer preferences, and the impact of global climate change. Key trends expected in the forecast period encompass technological advancements, an expanded application across various industries, progress in formulations, an increasing focus on non-target species, and market consolidation.

The significant growth in the insect growth regulators market is attributed to the increasing use of environmentally friendly pesticides. Pesticides, designed to combat pests, including viruses, bacteria, and disinfectants, are essential for agriculture. Environmentally friendly crop protection products, commonly used in organic farming, have minimal environmental impact as they quickly degrade and are derived from natural sources. This approach reduces the risk of chronic poisoning associated with chemical insecticides and promotes sustainable agricultural practices. For instance, a report from MDPI in June 2021 highlighted that Bacillus thuringiensis (Bt), accounting for about 90% of microbial biopesticides, is widely used in the market. The United States has over 200 Bt-based products, while the EU has only around 60. Globally, the use of biopesticides is increasing at approximately 10% annually, emphasizing the growing demand for environmentally friendly pesticides and contributing to the insect growth regulators market's expansion.

The anticipated growth of the insect growth regulator market is further fueled by the rising demand for organic crops. Organic crops, cultivated through organic farming without synthetic pesticide residues, are gaining popularity. Insect growth regulators play a crucial role in preventing soil contamination and managing specific pests, weeds, and nematodes in organic farming. According to the U. S. Department of Agriculture, the total sales of organic goods reached $11.2 billion in 2021, reflecting a 13% increase from 2019. The demand for residue-free organic crops is on the rise, fostering the growth of the insect growth regulators market.

A key trend gaining traction in the insect growth regulators market is the high adoption of modern technologies for crop protection. These technologies aim to prevent and reduce crop losses caused by pests, diseases, and weeds. Advancements in pesticide technologies contribute to sustainable crop productivity. For example, Syngenta Crop Protection introduced PLINAZOLIN technology, a novel insect control active ingredient with a new mode of action, in November 2021. Additionally, the USDA’s Agricultural Research Service developed 'receptor interference' (RECEPTOR-i) technology in August 2021, disrupting fire ants' physiological processes as a natural biological control strategy.

Major companies in the insect growth regulators market are focusing on innovation, introducing new varieties with Rynaxypyr technology to enhance profitability. Rynaxypyr, a type of insecticide utilizing chlorantraniliprole, is effective against various insect pests in agriculture. In March 2022, FMC India launched Corprima, an insect growth regulator using Rynaxypyr technology, providing superior and long-lasting protection against fruit borer pests. This innovative solution reflects FMC's commitment to addressing farmers' crop protection needs.

In January 2022, Syngenta Crop Protection announced the acquisition of two next-generation bioinsecticides, NemaTrident and UniSpore, from Bionema Limited. This strategic move strengthens Syngenta's biocontrol offerings to combat growing resistance and a wide range of insects and pests across various agricultural sectors, emphasizing the company's commitment to providing effective solutions for crop protection.

Major companies operating in the in the insect growth regulator market report are Bayer CropScience LLC, Syngenta AG, Valent U. S. A Corporation, Russell IPM Ltd., Nufarm Limited, ADAMA Agricultural Solutions Ltd., OHP Inc., McLaughlin Gormley King Company, Dow Inc., Sumitomo Chemical Company Limited, Corteva Agriscience Inc., BASF SE, Element Solutions Inc., Central Garden & Pet Company, Helm Agro US Inc., Control Solutions Inc., Central Life Sciences LLC, Zoecon Professional Products, Panpan Industry Group Co. Ltd., Averstar Industrial Co. Ltd., Algenex S. L., Ÿnsect SAS, Oxitec Ltd., Protix Biosystems, MealFood Europe S. L., Smart Resilin Ltd., Hexafly, Norbite, Koppert Biological Systems, Biobest Group NV, Suterra LLC

Asia-Pacific was the largest region in the regulator market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the insect growth regulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the insect growth regulator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The insect growth regulators market consists of sales ebufenozide, methoxyfenozide, halofenozide, and chromafenozide. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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