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.

Target Audience:

The stakeholders for the report are as follows:
• Agrochemical importers/exporters
• Pesticide manufacturers/suppliers
• Crop growers and warehouse owners
• Intermediary supplies
o Wholesalers
o Traders
• Research Institutions and organizations
• Regulatory bodies

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“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.

“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.

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