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Insect Growth Regulators Market Size is Expected To Reach USD 1.35 Billion at CAGR of 6.3% By 2026

Reports And Data

Reports And Data

Insect Growth Regulators Market Increasing demand for environment-friendly crop protection products is propelling the market growth.

NEW YORK CITY, NEW YORK, UNITED STATES, July 29, 2022 /EINPresswire.com/ -- The Global Insect Growth Regulators Market is forecast to reach USD 1.35 Billion by 2026, according to a new report by Reports and Data. These insecticides are special products that are used in agricultural, commercial, and residential sectors for protection against pest attacks.

The market for such pesticides is influenced by the rising utilization of environment-friendly insect growth regulators. These insecticides are mixed with other products to slow the rate of pesticide resistance developed among insects and is booming the market growth. The insecticides mimic hormones in young insects and interfere with the growth, development, and the metamorphosis process of insects. Farmers are using safer alternatives for harmful pesticides for application in livestock and farmlands.

The factors mentioned above jointly create opportunities for the market growth, while factors such as the critical effects of these insecticides add limitations in market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the insect growth regulators market owing to innovative efforts have improved the efficiency of such organic farming techniques.

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Further key findings from the report suggest

Agriculture sector held the largest market share of 44.0% in the year 2018. Farmers are adopting safer alternatives for harmful pesticides for application in livestock and farmlands. Globally growing usage of environment-friendly pesticides for crop production is expected to be a factor which is driving market growth.
The aerosol form segment is forecasted to witness the highest CAGR of 6.9% during the forecast period. This segment is rising since it is easier to use compared to that of bait or liquid. It also allows easier application in areas such as joints, small openings, crevices, and cracks.
Chitin synthesis inhibitors products held the largest market share of 40.3% in the year 2018. China became the largest consumer of pesticides owing to the ever-growing agriculture sector, along with the food and beverage industry in this region because of the growing population. China became a leader in the world for production and consumption of these organic pesticides because of its low-cost labor, and rising awareness of bio-degradable, non-polluting, and non-persistent pesticides, which is encouraging the growth of the market of IGRs.
Asia Pacific is expected to witness the highest CAGR of 9.1% during the forecast period. Countries like India, China, Taiwan, South Korea, and Japan are rapidly catching up with the growth in the insect growth regulators market. The manufacturing and consumption of these kind of pesticides have shifted from North America to Asia.
Key participants Bayer AG, Central Life Sciences, Control Solutions, Inc., McLaughlin Gormley King Company, Valent U.S.A LLC, Nufarm Limited, Russell IPM, Dow AgroSciences LLC, Syngenta AG, and Sumitomo Chemical Company Limited, among others.

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Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Agriculture
Residential
Commercial

Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Chitin synthesis inhibitors
Juvenile hormone analogs and mimics
Anti-juvenile hormone agents

Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Aerosol
Liquid
Bait

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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Styrene Butadiene Rubber market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Styrene Butadiene Rubber market.

The global Styrene Butadiene Rubber market is segmented into:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Questions Addressed in the Report:

What are the dominating factors that are influencing the growth of the industry?
In the forecast period, which market segment is expected to rise the most?
What are the risks and challenges that the industry is facing?
In the coming years, which area is projected to dominate the market?
Who are the major players in the market?
What kind of strategic business plans have they made?

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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