The global insect growth regulators market revenue is expected to register a moderate CAGR over the forecast period. The global insect growth regulators market report has been segmented on the product, form, application, and region. Insect growth regulators are long lasting and safe thereby giving protection from many insect pests that are difficult to control.
Increasing demand for organic food products is major factor expected to drive growth of the global insect growth regulators market over the forecast period. Decreasing arable land and increasing resistance to insecticides is another factor expected to drive growth of the target market over the forecast period.
Based on type, the global insect growth regulators market is segmented based on chitin synthesis inhibitors, juvenile hormone analogs and mimics, and anti-juvenile hormone agents. Chitin synthesis inhibitors segment is expected to contribute major revenue share as compared to that of other type segment. Chitin synthesis inhibitors helps to prevent formation of chitin, a carbohydrate that is an important structural component of the insect exoskeleton.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America region is expected to account major share in term of revenue as compared to that of other region. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Increasing demand for insect growth regulators in the countries such as China and India owing to growing awareness regarding consumption of organic food is expected to drive the growth of the market in the region.
Some prominent players in the global insect growth regulators market are Bayer Cropscience AG, The DOW Chemical Company, Sumitomo Chemical Company Limited, Syngenta AG, Adama Agricultural Solutions Ltd., Nufarm Limited, Platform Specialty Products Corporation, Central Life Sciences, Valent U.S.A Corporation, and Control Solutions, Inc.