Insect Growth Regulators Market Report, By Type (Chitin Synthesis Inhibitors, Juvenile Hormone Analogs & Mimics, Anti-Juvenile Hormone Agents), Form (Bait, Liquid, Aerosol), Application (Agricultural Applications, Livestock Pest, Commercial Pest Control) and Geography- Global Market Share, Trend Analysis & Forecast

Insect growth regulators (IGRs) are insecticides that imitate hormones in young insects. They interfere with how insects grow and reproduce. IGRs have the ability to control many types of insects including fleas, cockroaches, and mosquitos. Even though they are rarely fatal for adult insects, they can prevent reproduction, egg-hatch, and peeling from one stage to the next. Numerous IGR products have been mixed with other insecticides that eradicate adult insects. IGRs are generally low in toxicity to humans. The global market has been perceiving strong growth over the past few years because of the increasing shift from the development of neurotoxic, broad-spectrum insecticides in the direction of less toxic and more environment-friendly products.   

Ever-increasing use of pesticides is heading to a damaging impact on arable land. Synthetic-based pesticides pollute the soil and groundwater and have a harmful effect on useful bacteria as well as plants. Monotonous usage of these pesticides has led pests to build a resistance to them, and thus having no impact on the life cycle of the pests. Thus, IGRs act as an efficient mimic hormone stopping the reproductive cycle of pests.

IGRs are observing an enormous demand due to the increasing popularity of organic cultivation. Crop protection products that are used in organic farming worsen rapidly and come up with minimal effect on the environment as they are primarily originated from natural sources. Insect growth regulators, botanical extracts originated from plants, synthetic pheromone medications, and some other biological pesticides are frequently used in organic farming. These products have a negligible effect on the advantageous pests and on the environment.

The study analyses global insect growth regulators market based on type, form, application and geography.

Numerous insect growth regulators such as Chitin Synthesis Inhibitors, Juvenile Hormone Analogs & Mimics and Anti-Juvenile Hormone Agents are covered in this study. Chitin is necessary for the creation of the exoskeleton in a variety of insects. The chitin synthesis inhibitor compound inhibits the growth of chitin, which assists in the increase in the number of the exoskeleton between targeted insects. Throughout the molting procedure, the insect does not have the ability to create the outer shell required, which helps in killing these insects. IGRs also alters and kills the eggs of these insects by limiting the development of their embryos. Thus, this continues to stay one of the commonly-used hormones for the growth of insect growth regulator, such as chitin synthesis inhibitors. These are broadly used by consumers to manipulate fleas that live on pets and cattle.

These growth regulators are available in the form of bait, liquid and aerosol. Liquid is likely to be the largest market over the forecast period. They are in the form of liquid concentrates and are required to be diluted prior to the application procedure. Liquid IGRs may also be used as a stand-alone product in case of severe invasions. Although these growth regulators are stain and leave a smell after application they are widely used due to their less expensive costs and high performance over serious incidences of invasions. Aerosols are expected to witness the quickest growth over the forecast period. Aerosol insect growth regulators are simpler to use as compared to other forms such as liquid or bait.

This market finds application in agricultural applications, livestock pest and commercial pest control. IGRs are well-known to interfere with the insect development. When the ordinary course of peeling is converting the larvae to the pupal stage, an unusually high level of juvenilizing agent would generate an additional larval stage or larval-pupal intermediate steps. Leading companies are focusing on expanding a range of IGRs, such as juvenoid insect growth regulators to decrease the growth of these insects. Manufacturers are developing juvenoid insect growth regulators that may also be able to act on the eggs of these insects. Application of these IGRs can cause disinfection, disturbed behavior, and disrupt diapause.

Thus, the commercial pest control segment of the insect growth regulators market is forecast to have the highest growth rate during the forecast period. This is because there is a growing awareness about regulating infestation of pests and insects in stores and increase in commercial pest control. Insect growth regulator products are less toxic in nature and are efficient when used in conjunction with other chemicals for regulating insects and pests.

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific market is expected to be growing rapidly during the forecast period. The countries covered in the Asia-Pacific region have an ever-growing agricultural sector and a request for less toxic chemicals that may be causing little or no destruction towards the crops when compared to other synthetic chemicals used. Insect growth regulator products limit the growth of insects without having a negative impact on the environment. Farmers in the Asia-Pacific region are more predisposed towards generic products due to their low cost.

Bayer Cropscience AG, The DOW Chemical Company, Sumitomo Chemical Company Limited, Syngenta AG, Adama Agricultural Solutions Ltd., Nufarm Limited, Platform Specialty Products Corporation, Central Garden & Pets Co., Valent U.S.A Corporation and Russell IPM Ltd. among others are the major players active in the Insect growth regulators market.

The outbreak of the deadly Coronavirus poses a risk to not just human beings, but also business houses and economies. The implications are varied -- both geographically and sectorally. While many are comparing the outbreak to the SARS epidemic in 2003, the potential impact of a large-scale attack is still being assessed. The virus is spreading rapidly and the painful impact is expected to intensify. Major countries have been locked down to check the spread. This is leading to a shutdown of several businesses and production units.

China, the origin of the virus, is a major producer of many chemicals that find their application in agrochemicals, formulation chemicals, pharma, consumer durables, automobiles and the like. India's agrochemical industry is heavily linked to and dependent on the Chinese imports for its raw material requirements.

China, which is at the centre of the current epidemic, is a key manufacturing hub for chemicals such as herbicides, specialty chemicals, dyes, resins and agro intermediates.

With the lockdown of several cities and the mounting threat of closure of production units, there are rising concerns of interruption in supply of these chemicals. And if that happens, it may create a scarcity of many such chemicals and drive up their prices.