Insect Growth Regulators Market Analysis

Application (Agriculture & Gardens, Commercial Pest Control, Livestock Pest Control)

The agriculture & garden segment in the insect growth regulators market are expected to account for a large share of 45% by the end of 2037. Growth in this sector is attributed on the back of high employment rates in the agricultural sector, which is underpinned by the fact that a large portion of the population makes their living from farming and there is a growing need for insect-free crops. In addition, there is high demand for gardening as a notable side business across the globe, which is projected to continue to have a positive impact on the growth of the segment. For instance, in 2021, nearly 18 million US households will be found to be gardening, ranking the country among the top three gardening powerhouses.

Type (Anti-Juvenile Insect Growth Regulator, Chitin Synthesis Insect Growth Inhibitors, Juvenile Hormone Analog)

Insect growth regulators market from the juvenile hormone analog segment is estimated to acquire the largest revenue share during the projected time period. Juvenile hormone analogs (JHA) are insecticides that mimic insect juvenile hormones to prevent larvae that can damage crops, especially cockroaches, mosquitoes, and fleas, from developing into adults. In addition, the chitin synthetic insect growth inhibitor segment is expected to grow significantly due to its increasing use in pea crops as part of pest control products and services worldwide. 

Our in-depth analysis of the global market includes the following segments: