Insect Growth Regulators Market
Insect Growth Regulators includes aerosols, liquid, and bait among its various forms. This chemical is mainly used in applications such as livestock pests, agriculture, and commercial pest control. It is used in the manufacturing of industrial fabrics. The global insect growth regulators market size is expected to reach USD 1.35 Billion for was USD 0.83% in 2018, at a CAGR of 6.3% during 2017-2027.
The increasing utilization of environment-friendly insect growth regulators is propelling the industry growth. The commercial segment is estimated to showcase a growth rate of 6.9% in the forecast period due to increasing focus on prevention of food products contamination. Liquid type segment accounted for the maximum market share of 44.8% in 2018 and is estimated to witness high adoption rate due to its exceptional performance. The mimics and juvenile hormone analogues segment is estimated to grow at 7.3% in the forecast period due to its extensive outdoor and indoor commercial pest control use.
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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Insect Growth Regulators market and profiled in the report are:
Bayer AG, Central Life Sciences, Control Solutions, Inc., McLaughlin Gormley King Company, Valent U.S.A LLC, Nufarm Limited, Russell IPM, Dow AgroSciences LLC, Syngenta AG, and Sumitomo Chemical Company Limited, among others.
North America had the largest market share of 28.9% in 2018. The Insect Growth Regulators market demand is growing in this region because of its application in horticulture crops, ornamentals and turf, and field crops. Europe is estimated to grow at a CAGR of 6.5% during the forecast period; the increase in the demand for eco-friendly pesticides is stimulating the regional market growth.
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The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2020-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.
The report further segments the market on the basis of product types and application spectrum offered by the market.
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Insect Growth Regulators market and its competitive landscape.
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