The Insect
growth regulators market is estimated to be USD 736.3 million in 2016 and
is projected to reach USD 1,054.3 million by 2023, at a CAGR of 6.16% during
the forecast period.
“The chitin synthesis inhibitors segment accounted for the largest
market share, by type, in 2015”
The
chitin synthesis inhibitors segment had the largest market share, by type, in
2015. Chitin synthesis inhibitors restrict the development of the outer shell
required during the molting process, resulting in death of the insect. These
compounds also affect and kill the eggs of insects by restricting the
development of embryos and are used on a wider scale for developing insect
growth regulator products.
“The liquid segment accounted for the largest market
share, by form, in 2015”
The
liquid segment of the insect growth regulators market had the largest share, by
form, in 2015. Liquid insect growth regulator products are used both indoors
and outdoors for residential and commercial pest control. They offer effective
control over a wide range of insects in different application areas.
Target Audience
The stakeholders for the report are as follows:
- -Agrochemical importers/exporters
- -Pesticide manufacturers/suppliers
- -Crop growers and warehouse owners
- -Intermediary supplies
- -Research Institutions and organizations
- -Regulatory bodies
“Commercial pest control is projected to have the highest CAGR
from 2016 to 2022”
The
commercial pest control segment of the insect growth regulators market is
projected to have the highest CAGR during the forecast period. This is due to
increasing awareness about controlling infestation of pests and insects in
storage warehouses and rise in commercial pest control. Insect growth regulator
products are less toxic in nature and are effective when used in combination
with other chemicals for controlling insects and pests.
“The Asia-Pacific market is projected to have the highest CAGR
from 2016 to 2022”
The
Asia-Pacific market is projected to have the highest CAGR during the forecast
period. The countries covered in the Asia-Pacific region have a growing
agricultural sector and demand for less toxic chemicals which can cause little
or no harm towards the crops as compared to other synthetic chemicals used.
Insect growth regulator products restrict the growth of insects without having
an adverse effect on the environment. Farmers in the Asia-Pacific region are
more inclined towards generic products due to their low cost.
