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Insect Growth Regulators Market Worth 1,054.3 Million USD by 2022


News provided by

MarketsandMarkets

27 Mar, 2017, 14:30 BST

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PUNE, India, March 27, 2017 /PRNewswire/ --

The report "Insect Growth Regulators Market by Type (Chitin Synthesis Inhibitors, Juvenile Hormone Analogs & Mimics, Anti-juvenile Hormone Agents), Form, Application (Agricultural, Livestock Pests, Commercial Pest Control), and Region - Forecast to 2022", published by MarketsandMarkets, the global 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.

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Browse 64 market data Tables and 39 Figures spread through 124 Pages and in-depth TOC on "Insect Growth Regulators Market"

http://www.marketsandmarkets.com/Market-Reports/insect-growth-regulator-market-234047946.html

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The market is driven by factors such as adoption of environmentally safe crop protection products and rise in application scope of insect growth regulators in commercial pest control usage.

"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.

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"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.

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"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.

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.).

Browse related reports: 

Insecticides Market by Type (Pyrethroids, Organophosphorus, Carbamates, Organochlorine, and Botanicals), Crop Type (Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses), and Mode of Application, Form, and Region - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/insecticide-market-142427569.html

Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bioherbicides, and Bionematicides), Origin (Beneficial Insects, Microbials, Plant-incorporated Protectants, and Biochemicals), Mode of Application, Formulation, & Crop Type - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/biopesticides-267.html

About MarketsandMarkets 

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. 

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets is now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. 

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. For more information, please visit http://www.marketsandmarkets.com


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SOURCE MarketsandMarkets

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