Insect Growth Regulators Market Size

Insect Growth Regulators Market size was over USD 2.14 Billion in 2023 and is anticipated to reach USD 5.09 Billion by 2036, witnessing around 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of insect growth regulators is estimated at USD 2.28 Billion. The market growth can be ascribed to the increasing availability of remarkably large land areas dedicated to agriculture across the globe to boost the demand for insecticides in order to protect crops from insects ruining them by controlling the insect population.

An insect's maturation process can be stopped and slowed down by pesticides known as insect growth regulators. Farmers frequently employ these regulators to develop pesticides and make their crops insecticide-resistant. There are reportedly close to 150 million farmers in India, according to a recent estimate that was released in the year 2021.