Top Driving Factors of Insect Growth Regulators Market with leading Key Players - Bayer CropScience AG, Dow Chemical Company, Syngenta AG, Nufarm Ltd.

The global insect growth regulators market is estimated at USD 736.3 Million in 2016 and is projected to reach USD 1,054.3 Million by 2022, at a CAGR of 6.16% during the forecast period. The market is driven by factors such as the adoption of environmentally safe crop protection products and the rise in application scope of insect growth regulators in commercial pest control usage.

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Growing concerns over environmental toxicity and mammalian safety to increase the demand for biodegradable insect growth regulators

Insect growth regulators (IGRs) are insecticides that halt, slow and disrupt an insect's maturation process. These regulator products are mixed with other insecticides to slow the rate of pesticide resistance developed among insects. They help to eradicate insects at their early reproductive stage and reduce the risk of pest attacks on fully grown crops to increase the productivity and yield per unit. These attributes of IGRs have led to an increase in demand among producers across the globe.

Low knockdown effect and less effectiveness in the elimination of adult insects are the major restraining factors for the market

IGRs are insecticides that mimic hormones in young insects. They interfere with the growth, development, and the metamorphosis process of insects. However, these regulators are less effective when insects complete one growth cycle and reach the next phase. Also, their effect is recorded negligible on adult insects and restricts their overall effect.

Since the active ingredient in an IGR targeted to work on reproductive processes specific to insects, the knockdown effect is visible after mixing it with the other crop protection chemicals, such as insecticides or pesticides. Hence, when insect growth regulators are used as a standalone method of treatment, a longer period is required for an IGR to be effective. Attributed to these factors, these regulators have a low knockdown effect as compared to the other insect control chemicals.

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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.

The companies profiled in this report are Bayer CropScience AG (Germany), Dow Chemical Company (U.S.), Sumitomo Chemical Company Ltd. (Japan), Syngenta AG (Switzerland), ADAMA Agricultural Solutions Ltd. (Israel), Nufarm Ltd. (Australia), Platform Specialty Products Corporation (U.S.), Central Garden & Pet Co. (U.S.), Valent USA Corporation (U.S.), and Russell IPM Ltd. (U.K.).

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