Insect Growth Regulators Market - Forecast(2024 - 2030)
Insect Growth Regulator Market Overview
Insect growth
regulator market size is estimated to reach US$ 2.2 billion by 2027, growing at
a CAGR of 5.8% from 2022-2027. Insect growth regulators are the insecticides such
as diofenolan and tebufenozide that disrupt the growth and reproduction of
insects by interfering with their molting process. Such insecticides are mainly
of two types i.e., chitin synthesis inhibitors that work by preventing chitin
formation, and Hormonal IGRs like juvenile hormone analog & ecdysone
hormone analog which work by inhibiting major hormones involved in insect
molting. The drivers for the insect growth regulators market are growing demand
for environment-friendly crop protection products such as biopesticides, government
initiatives for promoting sustainable pest control, a growing volume of
agriculture output, and a rise in organic farming practices in emerging
economies. However, insect growth regulators if used alone as pest control
chemicals are less effective on adult insects and have a low knockdown rate
compared to other chemicals. Hence such factors make insect growth regulators
less preferable for stand-alone products, which will hamper the growth of the insect
growth regulator industry.
COVID-19 Impact
Insect
growth regulators are used in pest control management and the demand for such
insecticides is high in the agriculture sector as it helps the farmers to
maximize their crops output by reducing the growth of pests that could damage
the crop production. Besides the agriculture sector, insect growth regulators
are also used in commercial buildings like retail stores, garages, warehouses,
and also in residential buildings for pest control. The lockdown and social
restrictions like quarantining, social distancing imposed by countries to stop
the spreading of COVID-19 led to a decrease in the workforce in commercial
sectors, shutting down of various factories, retail stores, and the agriculture
activities also got halted which caused food insecurity, decrease in pesticide production and
increased the price of existing food crops in stock. For instance, as per the
2021 World Bank report, 30% of the global population faced food insecurity in
2020, and prices of certain crops like maize and wheat were increased by 11%
& 21% high. In the 2020 report of the Food and Agriculture Organization,
due to restrictions on the movement of people and goods, there was a loss in
production of vegetables & crops in most European countries while countries
like China also reduced the production of farming inputs too, like pesticides.
Hence with such a decrease in production activities in the agriculture sector,
the demand for insect growth
regulators also decreased as it is mainly used in agriculture farming for pest
control management.
Report Coverage
The report: “Insect Growth Regulator
Market – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth
analysis of the following segments of the Insect Growth Regulator Market.
By Product Type – Chitin
Synthesis Inhibitors, Juvenile Hormone, Ecdysone Hormone.
By Form Type – Liquid,
Solid, Gas.
By Application – Agriculture
(Horticulture crops, field crops, turf & ornamentals, Others), Livestock
pest control, Commercial pest control (Retail stores, healthcare centers,
warehouses, office buildings, others), Others (Hygienic pest control,
biological pest control).
By Geography - North America (USA, Canada, Mexico),
Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of
Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New
Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil,
Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle
East, Africa).
Key Takeaways
- Asia-Pacific dominates the insect growth regulators market, as the region is a hub of some of the major countries that has agriculture as the main GDP contributor, like China, India, Bangladesh, Pakistan, etc.
- The growing concern about environmental toxicity and mammalian safety will increase the demand for biodegradable insect growth regulators as it is more selective and less destructive to the environment.
- The increasing popularity of organic farming due to surging demand for organic food items will provide growth opportunities for the insect growth regulator industry, especially in the North American region.
Figure: Asia-Pacific Insect Growth Regulator Market Revenue, 2021-2027 (US$ Billion)
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Insect Growth Regulator Market Segment – By Product
Chitin
synthesis inhibitors held the largest share in the insect growth regulator
market in 2021, with a share of over 35%. This owns to reason like chitin
synthesis inhibitors has a longer effect on insects than hormonal analog, are
quicker in acting, and also prevents the development of outer shell and embryos
in insects which kills their eggs. Hence, as chitin synthesis inhibitors insect
growth regulator is majorly used in the agriculture sector for crop protection,
the growing volume of agriculture output will lead to an increase in usage of
such insect growth regulators. For instance, as per the 2021 report of the National
Bureau of Statistics China grain production increased by 2.2% compared to last
year, and as per the U.S Department of Food and Agriculture, the wheat
production of China increased was 136 million metric tons showing an increase
of 2% compared from 2020. Hence such an increase in the production of such crops
will lead to more usage of chitin synthesis inhibitors, thereby increasing
their demand in the agriculture sector, which would have a positive impact on
the growth of the insect growth regulator market.
Insect Growth Regulator Market Segment – By Form
Liquid
form held the largest in the insect growth regulator market in 2021, with a
share of over 40%. This owns to factors like it has a longer shelf life, as
liquid concentrates sometimes it can be used as a stand-alone product in case
of severe infestation and when mixed with water it can be used as a foliar
spray for crops. The major use of such insect growth regulators is in
horticulture and vegetable production. For instance, as per the 2021 Eurostat
report European Union on agriculture production, the production volume of
vegetables like carrot, tomatoes, onions increased in 2020 with high output
seen for carrot 8.1% in Italy, tomatoes 56% in Portugal, and onion 28.2% in
Greece. Moreover, as per the Agriculture Ministry of India, the horticulture
production in India was 330 million tons in 2020, showing an increase of 3%
from 2019. Such an increase in horticulture and vegetable production will lead
to more usage of liquid insect growth regulators in them, thereby having a positive
impact on the insect growth regulators industry in such countries.
Insect Growth Regulator Market Segment – By Application
Agriculture held the largest share in the insect growth
regulator market in 2021, with a share of over 45%. Insect growth regulators
are used in agriculture to prevent and destroy pest formation to aid the
production and yield of crops. With rapid development in the agriculture sector
and new technologies being introduced like high-tech machines, robotics, etc.
the production volume of the agriculture sector has also increased. For
instance, as per the 2021 report of the Food and Agriculture Organization, the
production of primary crops was 9.4 billion tones in 2019 which was 53% more
than 2000. Also, the global vegetable production went up to 1128 million tones
in 2019 showing an increase of up to 65%. Hence with such an increase in the
production volume of crops, the demand for insect growth regulators for pest
management will also increase, thereby having a positive impact on the growth
of the insect growth regulator industry.
Insect Growth Regulator Market Segment – By Geography
Asia-Pacific held the largest share in the insect growth regulator market in 2021, with a share of over 40%. This is owning to factor like, the region consists of major agriculture producing countries like China, India, Thailand, Indonesia, etc. with China being the largest consumer and producer of pesticides in the world. Hence due to rapid urbanization and growing developments in the agriculture sector of various countries in the Asia-Pacific region has increased the agriculture output in the region. For instance, as per the 2021 report of the United States Department of Agriculture, China and India were the largest producers of crops like wheat, rice, milled and Thailand saw an increase of 2% in its rice production from last year. Moreover, as per Food and Agriculture Organization, in the global production of crops like wheat, rice, potatoes, and oil palm fruit, Asia was the major producer with 90% in rice, 88% in oil palm fruit, 44% wheat, 51% potatoes. Hence the growing volume of agriculture production in Asia-Pacific will increase demand for insect growth regulators in the region for pest control.
Insect Growth Regulator Market Drivers
Increase in usage of environment-friendly crop protecting products
Synthetic pesticides are used in
agriculture activities to protect crops from pests but they are highly toxic
causing lung problems, cancers, skin disease, etc., and can contaminate
agricultural produce also. Hence insect growth regulators though they are less
toxic its mixture with synthetic pesticides makes them harmful to humans and the
environment. Hence to prevent such contamination, the usage of biopesticides has
become an efficient sustainable alternative. Such alternative is rich in
defensive and amino acid storage function. The countries and organizations are realizing
the necessity of using biopesticide in the agriculture sector. For instance,
the 2020 report of the European Commission had stated that biopesticide
products offer less toxicity, are easily decompose in the environment, and are
advantageous both at the human health level and environment level. Also, in
2021 China launched the “10 billion Agriculture Initiative” which aims to
accelerate sustainable agriculture techniques in the country. Hence, as insect
growth regulators are also environment friendly and biodegradable, so such
growing awareness for biopesticides and sustainable farming techniques would
boost the usage of the insect growth regulator with them.
Government Initiatives for sustainable pest control
Insect growth regulators are a kind
of bio-rational compound which are harmless to humans and also, they have good
compatibility with biopesticides. Hence various initiatives are being taken by
governments to promote sustainable pest control that is less harmful to humans. For instance, the European Union's
recent legislation has synchronized with the political will to reduce the use
of chemical pesticides and encourage the use of biopesticides. Also, as per the
2021 report of the U.S Environment Protection Agency, the organization has
started a “Pesticide Environment Stewardship Program” that encourages smart,
sensible, sustainable pest control in agriculture. In China’s initiative “The
National Plan to Boost high-quality Development Agriculture from 2018-2022, the
country aims to take necessary steps to promote green pest management. Such
initiatives will lead to more usage of insect growth regulator such as chitin
synthesis inhibitors which is also used in green farming.
Insect Growth Regulator Market Challenges
Less effective insecticide for adult insects
Insect growth regulators are effective only at
the initial stage of insect growth as they interfere with the growth,
development, and metamorphosis process of insects. However, these regulators
are less effective on insects that have completed one growth cycle and reached the
next phase and the mutation in insect genes enables them to show resistance
towards these regulators. Also, the resistance of insects towards insect growth
regulators makes these regulators have a low knockdown effect as compared to
other insect control chemicals. Hence, such weak factors make insect growth
regulators a less suitable option for killing adult insects and can harm their
usage as a pest control chemical.
Insect Growth Regulator Industry Outlook
The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. Insect Growth Regulator top 10 companies include:
- Bayer Crop Science AG
- Nufarm Ltd.
- Central Garden & Pet Co.
- Dow chemical company
- HELM Agro US Inc.
- Kumiai Chemical Industry
- Nissan Chemicals
- United Phosphorus Limited
- Sumitomo Chemical Company Limited
- Control Solution Inc.
Recent Developments
- In 2021, Bayer Crop Science launched Vayego 200SC, a new multi-faceted insecticide that works against caterpillars and addresses the diverse protection needs of modern farmers
- In 2021, FMC collaborated with Novozymes to produce biological-based insecticides and fungicides. Hence such collaboration will enable the two companies to produce biological crop protection products
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LIST OF TABLES
1.Global Insect Growth Regulator Market:Product Estimate Trend Analysis Market 2023-2030 ($M)1.1 Chitin Synthesis Inhibitor Market 2023-2030 ($M) - Global Industry Research
1.2 Juvenile Hormone Agonist Market 2023-2030 ($M) - Global Industry Research
1.3 Ecdysone Antagonist Market 2023-2030 ($M) - Global Industry Research
1.4 Ecdysone Agonist Market 2023-2030 ($M) - Global Industry Research
2.Global Insect Growth Regulator Market:Form Estimate Trend Analysis Market 2023-2030 ($M)
2.1 Aerosol Market 2023-2030 ($M) - Global Industry Research
2.2 Liquid Market 2023-2030 ($M) - Global Industry Research
2.3 Bait Market 2023-2030 ($M) - Global Industry Research
3.Global Insect Growth Regulator Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
3.1 Agriculture Market 2023-2030 ($M) - Global Industry Research
3.2 Residential Market 2023-2030 ($M) - Global Industry Research
3.3 Commercial Market 2023-2030 ($M) - Global Industry Research
4.Global Insect Growth Regulator Market:Product Estimate Trend Analysis Market 2023-2030 (Volume/Units)
4.1 Chitin Synthesis Inhibitor Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Juvenile Hormone Agonist Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Ecdysone Antagonist Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Ecdysone Agonist Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Insect Growth Regulator Market:Form Estimate Trend Analysis Market 2023-2030 (Volume/Units)
5.1 Aerosol Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Liquid Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Bait Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Insect Growth Regulator Market:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
6.1 Agriculture Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Residential Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Commercial Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Insect Growth Regulator Market:Product Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Chitin Synthesis Inhibitor Market 2023-2030 ($M) - Regional Industry Research
7.2 Juvenile Hormone Agonist Market 2023-2030 ($M) - Regional Industry Research
7.3 Ecdysone Antagonist Market 2023-2030 ($M) - Regional Industry Research
7.4 Ecdysone Agonist Market 2023-2030 ($M) - Regional Industry Research
8.North America Insect Growth Regulator Market:Form Estimate Trend Analysis Market 2023-2030 ($M)
8.1 Aerosol Market 2023-2030 ($M) - Regional Industry Research
8.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
8.3 Bait Market 2023-2030 ($M) - Regional Industry Research
9.North America Insect Growth Regulator Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
9.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
9.2 Residential Market 2023-2030 ($M) - Regional Industry Research
9.3 Commercial Market 2023-2030 ($M) - Regional Industry Research
10.South America Insect Growth Regulator Market:Product Estimate Trend Analysis Market 2023-2030 ($M)
10.1 Chitin Synthesis Inhibitor Market 2023-2030 ($M) - Regional Industry Research
10.2 Juvenile Hormone Agonist Market 2023-2030 ($M) - Regional Industry Research
10.3 Ecdysone Antagonist Market 2023-2030 ($M) - Regional Industry Research
10.4 Ecdysone Agonist Market 2023-2030 ($M) - Regional Industry Research
11.South America Insect Growth Regulator Market:Form Estimate Trend Analysis Market 2023-2030 ($M)
11.1 Aerosol Market 2023-2030 ($M) - Regional Industry Research
11.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
11.3 Bait Market 2023-2030 ($M) - Regional Industry Research
12.South America Insect Growth Regulator Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
12.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
12.2 Residential Market 2023-2030 ($M) - Regional Industry Research
12.3 Commercial Market 2023-2030 ($M) - Regional Industry Research
13.Europe Insect Growth Regulator Market:Product Estimate Trend Analysis Market 2023-2030 ($M)
13.1 Chitin Synthesis Inhibitor Market 2023-2030 ($M) - Regional Industry Research
13.2 Juvenile Hormone Agonist Market 2023-2030 ($M) - Regional Industry Research
13.3 Ecdysone Antagonist Market 2023-2030 ($M) - Regional Industry Research
13.4 Ecdysone Agonist Market 2023-2030 ($M) - Regional Industry Research
14.Europe Insect Growth Regulator Market:Form Estimate Trend Analysis Market 2023-2030 ($M)
14.1 Aerosol Market 2023-2030 ($M) - Regional Industry Research
14.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
14.3 Bait Market 2023-2030 ($M) - Regional Industry Research
15.Europe Insect Growth Regulator Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
15.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
15.2 Residential Market 2023-2030 ($M) - Regional Industry Research
15.3 Commercial Market 2023-2030 ($M) - Regional Industry Research
16.APAC Insect Growth Regulator Market:Product Estimate Trend Analysis Market 2023-2030 ($M)
16.1 Chitin Synthesis Inhibitor Market 2023-2030 ($M) - Regional Industry Research
16.2 Juvenile Hormone Agonist Market 2023-2030 ($M) - Regional Industry Research
16.3 Ecdysone Antagonist Market 2023-2030 ($M) - Regional Industry Research
16.4 Ecdysone Agonist Market 2023-2030 ($M) - Regional Industry Research
17.APAC Insect Growth Regulator Market:Form Estimate Trend Analysis Market 2023-2030 ($M)
17.1 Aerosol Market 2023-2030 ($M) - Regional Industry Research
17.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
17.3 Bait Market 2023-2030 ($M) - Regional Industry Research
18.APAC Insect Growth Regulator Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
18.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
18.2 Residential Market 2023-2030 ($M) - Regional Industry Research
18.3 Commercial Market 2023-2030 ($M) - Regional Industry Research
19.MENA Insect Growth Regulator Market:Product Estimate Trend Analysis Market 2023-2030 ($M)
19.1 Chitin Synthesis Inhibitor Market 2023-2030 ($M) - Regional Industry Research
19.2 Juvenile Hormone Agonist Market 2023-2030 ($M) - Regional Industry Research
19.3 Ecdysone Antagonist Market 2023-2030 ($M) - Regional Industry Research
19.4 Ecdysone Agonist Market 2023-2030 ($M) - Regional Industry Research
20.MENA Insect Growth Regulator Market:Form Estimate Trend Analysis Market 2023-2030 ($M)
20.1 Aerosol Market 2023-2030 ($M) - Regional Industry Research
20.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
20.3 Bait Market 2023-2030 ($M) - Regional Industry Research
21.MENA Insect Growth Regulator Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
21.1 Agriculture Market 2023-2030 ($M) - Regional Industry Research
21.2 Residential Market 2023-2030 ($M) - Regional Industry Research
21.3 Commercial Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Insect Growth Regulators Market Revenue, 2023-2030 ($M)2.Canada Insect Growth Regulators Market Revenue, 2023-2030 ($M)
3.Mexico Insect Growth Regulators Market Revenue, 2023-2030 ($M)
4.Brazil Insect Growth Regulators Market Revenue, 2023-2030 ($M)
5.Argentina Insect Growth Regulators Market Revenue, 2023-2030 ($M)
6.Peru Insect Growth Regulators Market Revenue, 2023-2030 ($M)
7.Colombia Insect Growth Regulators Market Revenue, 2023-2030 ($M)
8.Chile Insect Growth Regulators Market Revenue, 2023-2030 ($M)
9.Rest of South America Insect Growth Regulators Market Revenue, 2023-2030 ($M)
10.UK Insect Growth Regulators Market Revenue, 2023-2030 ($M)
11.Germany Insect Growth Regulators Market Revenue, 2023-2030 ($M)
12.France Insect Growth Regulators Market Revenue, 2023-2030 ($M)
13.Italy Insect Growth Regulators Market Revenue, 2023-2030 ($M)
14.Spain Insect Growth Regulators Market Revenue, 2023-2030 ($M)
15.Rest of Europe Insect Growth Regulators Market Revenue, 2023-2030 ($M)
16.China Insect Growth Regulators Market Revenue, 2023-2030 ($M)
17.India Insect Growth Regulators Market Revenue, 2023-2030 ($M)
18.Japan Insect Growth Regulators Market Revenue, 2023-2030 ($M)
19.South Korea Insect Growth Regulators Market Revenue, 2023-2030 ($M)
20.South Africa Insect Growth Regulators Market Revenue, 2023-2030 ($M)
21.North America Insect Growth Regulators By Application
22.South America Insect Growth Regulators By Application
23.Europe Insect Growth Regulators By Application
24.APAC Insect Growth Regulators By Application
25.MENA Insect Growth Regulators By Application
26.Bayer Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Central Life Science, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ohp, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Syngenta Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Dow Agrosciences Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Helm Agro Us, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Nufarm Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Russell Ipm, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Valent A Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Mclaughlin Gormley King Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Sumitomo Chemical Company Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Control Solutions, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)