곤충성장조절제 시장 예측(-2030년) : 유형별, 곤충 유형별, 형태별, 대상 작물별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Insect Growth Regulator Market is accounted for $1054 million in 2023 and is expected to reach $1825 million by 2030 growing at a CAGR of 8.2% during the forecast period. Insect growth regulators (IGRs) are a class of insecticides that disrupt the growth and development of insect pests by mimicking or inhibiting the action of juvenile hormones. IGRs interfere with the molting process, preventing larvae from reaching maturity or inhibiting the emergence of viable adults. IGRs are widely used in integrated pest management strategies to control a variety of insect pests in agricultural, urban, and veterinary settings.

Market Dynamics:

Driver:

Rise in agricultural activities

As global populations expand and dietary preferences evolve, there is an increasing demand for food production, driving agricultural activities to expand and intensify. IGRs offer a viable alternative to conventional pesticides, as they provide targeted control over pest populations while minimizing harm to beneficial organisms and reducing environmental impact. Moreover, the adoption of integrated pest management (IPM) practices, which emphasize the use of multiple pest control strategies in a holistic approach, further drives the demand for IGRs.

Restraint:

High cost

While IGRs offer numerous benefits, including targeted pest control and reduced environmental impact, their initial investment and ongoing application expenses can be prohibitive for some farmers. The cost of IGRs encompasses various factors, including product development, manufacturing, registration, and distribution. Additionally, the need for repeated applications throughout the growing season can contribute to the overall expense, which limits market expansion.

Opportunity:

Advancements in research and technology

Ongoing research and technological advancements in the field of IGRs have led to the development of more effective and targeted products. Advancements in research have led to a better understanding of insect biology and physiology, providing insights into the specific life stages and processes that can be targeted by IGRs. Furthermore, technological advancements have improved the formulation and delivery mechanisms of IGRs, making them more user-friendly and efficient. Therefore, these advancements in research and technology are significant factors in accelerating market demand.

Threat:

Regulatory challenges

The registration and approval process for new IGR products can be complex and time-consuming, requiring manufacturers to meet stringent regulatory requirements set by authorities. Manufacturers need to conduct comprehensive studies and provide scientific evidence on the safety, efficacy, and environmental impact of their IGR products. However, this data collection process can be expensive and time-consuming, particularly for smaller companies with limited resources. Meeting these regulatory requirements can pose challenges for manufacturers, particularly smaller companies, and result in delays in bringing new IGR products to the market.

Covid-19 Impact

The COVID-19 pandemic had a significant impact on the insect growth regulator (IGR) market. Initially, disruptions in supply chains and logistical challenges hampered the availability and distribution of IGR products. Furthermore, the economic downturn caused by the pandemic led to financial constraints among farmers, prompting some to prioritize essential inputs over IGRs or reduce their overall agricultural expenditures.

The chitin synthesis inhibitors segment is expected to be the largest during the forecast period

The chitin synthesis inhibitors segment is estimated to hold the largest share, due to their selective mode of action and reduced impact on non-target organisms and the environment compared to traditional insecticides. They offer an effective alternative for controlling a wide range of insect pests, including beetles, caterpillars, and various agricultural pests, while minimizing the risk of resistance development. Furthermore, CSIs demonstrate compatibility with integrated pest management (IPM) approaches, allowing for their integration into holistic pest control strategies alongside biological control agents, cultural practices, and other pest management tactics.

The agriculture segment is expected to have the highest CAGR during the forecast period

The agriculture segment is anticipated to have lucrative growth during the forecast period. These chemicals disrupt the development of insects by targeting their hormonal systems, inhibiting molting or metamorphosis. Unlike traditional insecticides, they are more selective, posing minimal risk to beneficial organisms and the environment. Moreover, they're commonly used in integrated pest management strategies to control pests like mosquitoes, flies, and agricultural crop pests. By interfering with insect growth and reproduction, IGRs offer effective, sustainable pest control solutions in agriculture while minimizing ecological impacts.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period characterized by a diverse landscape of agricultural practices, climatic conditions, and pest pressures. Increasing awareness regarding environmental sustainability propels the shift towards safer and eco-friendly pest management alternatives, favouring IGRs' uptake. Moreover, government initiatives aimed at enhancing agricultural productivity while minimizing chemical pesticide usage further stimulate market growth.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period. The region's large-scale agricultural operations, including major crops like corn, soybeans, cotton, and fruits, create a substantial need for effective pest management solutions to mitigate crop losses. Furthermore, the increasing prevalence of insect pests, coupled with concerns over the environmental and health impacts of traditional chemical pesticides, has fuelled the shift towards safer and more sustainable alternatives like IGRs.

Key players in the market

Some of the key players in the Insect Growth Regulator Market include Sumitomo Chemical Co., Ltd., DowDupont Inc., Adama Agricultural Solutions Ltd., Nufarm Limited, BASF SE, Bayer AG, Central Life Sciences, Syngenta AG, OHP Inc., HELM Agro US, Inc., Russell IPM, Nufarm, Valent U.S.A. LLC, McLaughlin Gormley King Co., Inc., Control Solutions, Inc. and Central Garden & Pet Company.

Key Developments:

In February 2024, Syngenta AG and Lavie Bio Ltd., a subsidiary of Evogene Ltd. and a leading ag-biologicals company, announced an agreement for the discovery and development of new biological insecticidal solutions.

In July 2023, Sumitomo Chemical Co., Ltd and Ginkgo Bioworks announced a new program to develop functional chemicals with synthetic biology and expand upon the companies' existing bio manufacturing partnership.

In September 2022, BASF announces innovation partnership with RiKarbon on emollients derived from bio-waste, partnership builds on successful R&D activities of RiKarbon Inc. for new green emollients from bio-waste for personal care formulations

Types Covered:

• Juvenile Hormone Analogs and Mimics
• Anti-Juvenile Hormone Agents
• Chitin Synthesis Inhibitors
• Ecdysone Antagonists
• Other Types

Insect Types Covered:

• Lepidoptera
• Coleoptera
• Diptera
• Hemiptera
• Other Insect Types

Forms Covered:

• Liquid
• Aerosol
• Bait

Target Crops Covered:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Target Crops

Applications Covered:

• Livestock
• Residential
• Agriculture
• Commercial
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Insect Growth Regulator Market, By Type

• 5.1 Introduction
• 5.2 Juvenile Hormone Analogs and Mimics
• 5.3 Anti-Juvenile Hormone Agents
• 5.4 Chitin Synthesis Inhibitors
• 5.5 Ecdysone Antagonists
• 5.6 Other Types

6 Global Insect Growth Regulator Market, By Insect Type

• 6.1 Introduction
• 6.2 Lepidoptera
• 6.3 Coleoptera
• 6.4 Diptera
• 6.5 Hemiptera
• 6.6 Other Insect Types

7 Global Insect Growth Regulator Market, By Form

• 7.1 Introduction
• 7.2 Liquid
• 7.3 Aerosol
• 7.4 Bait

8 Global Insect Growth Regulator Market, By Target Crop

• 8.1 Introduction
• 8.2 Cereals & Grains
• 8.3 Oilseeds & Pulses
• 8.4 Fruits & Vegetables
• 8.5 Other Target Crops

9 Global Insect Growth Regulator Market, By Application

• 9.1 Introduction
• 9.2 Livestock
• 9.3 Residential
• 9.4 Agriculture
  • 9.4.1 Horticultural Crops
  • 9.4.2 Field Crops
  • 9.4.3 Turf & Ornamentals
• 9.5 Commercial
• 9.6 Other Applications

10 Global Insect Growth Regulator Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Sumitomo Chemical Co., Ltd.
• 12.2 DowDupont Inc.
• 12.3 Adama Agricultural Solutions Ltd.
• 12.4 Nufarm Limited
• 12.5 BASF SE
• 12.6 Bayer AG
• 12.7 Central Life Sciences
• 12.8 Syngenta AG
• 12.9 OHP Inc.
• 12.10 HELM Agro US, Inc.
• 12.11 Russell IPM
• 12.12 Nufarm
• 12.13 Valent U.S.A. LLC
• 12.14 McLaughlin Gormley King Co., Inc.
• 12.15 Control Solutions, Inc.
• 12.16 Central Garden & Pet Company