Insect Growth Regulators Market Share

APAC Market Forecast

The insect growth regulators market in the Asia Pacific region is set to witness the largest market growth expanding at a CAGR of 33% in the time period between 2023 – 2036. This is caused by the fact that the region is home to important agricultural producers like China and India. China is the world's top producer and user of pesticides. Thus, the Asia-Pacific region's agricultural production has expanded as a result of the region's fast urbanization and expanding agricultural sector. For instance, China and India were the biggest producers of crops like wheat, rice, and maize in 2021. Moreover, according to data, Asia is the world's largest producer of crops such as wheat, rice, potatoes, and oil palm fruits, with rice accounting for 90%, oil palm fruits 88%, wheat 44%, and potatoes 51%. 

North America Market Statistics

In the North America region, the insect growth regulators market is estimated to observe a notable market expansion by the end of 2036. The growth of the market in this region is primarily driven by people in the region's growing concern for health. Additionally, the need for products is being supplemented by creative packaging, new products, and high standards of living which is further driving the market growth in the estimated timeframe.