Insect Growth Regulators Industry Market: By Product Type (Chitin Synthesis Inhibitors, Juvenile Hormone Analogs and Mimics Inhibitors, Anti-Juvenile Hormone Agents), By Form (Bait, Liquid, Aerosol), By Application (Agricultural, Residential, Commercial, Others), and Geography

Insect Growth Regulators industry Market size was valued at USD 1,212.5 Mn in 2022 and poised to grow at significant 6.2% CAGR from 2022-2028.  This report gives a comprehensive outlook on the Insect Growth Regulators industry across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. This report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, form, application, and regions. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global Insect Growth Regulators industry market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product Opportunities). Key stakeholders of the global Insect Growth Regulators industry market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global Insect Growth Regulators industry products. Insect growth regulator (IGRs) are the compounds which impedes the life cycle of pests. IGRs also comprises chitin synthesis inhibitors which disturb the growth by halting moulting. Moreover, most IGRs have been observed to have a low toxicity index to vertebrates. These regulators are more pest-specific than any other insecticides. These factors regulate the growth of market. However, continuous practice of these insecticides leads to pest resistance, thus devouring no outcome on the life cycle of the pests which restrains the market growth. Key players in the insect growth regulators industry market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, and technological innovations, among others. For instance, in September 2016, German chemical and pharma major Bayer AG announced completion of a mega-deal to acquire US-based biotech major Monsanto to create the worlds biggest agro-chemical and seed company.