The growth in the agricultural sector and the demand for food has increased by leaps and bounds. This, in turn, expects the food quality to be good. Thus, the use of insect growth regulators has increased. The Bait Insect Growth Regulators market is anticipated to surpass a market value of US$ 1.7 Bn by 2031.
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The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of insect growth regulators across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of insect growth regulators during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Segments Covered
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Type
- Anti-juvenile Insect Growth Regulators
- Chitin Synthesis Insect Growth Inhibitors
- Juvenile Hormone Analogs & Mimics Insect Growth Inhibitors
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By Form
- Liquid Insect Growth Regulators
- Aerosol Insect Growth Regulators
- Bait Insect Growth Regulators
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By Application
- Insect Growth Regulators for Agriculture & Gardens
- Insect Growth Regulators for Commercial Pest Control
- Insect Growth Regulators for Livestock Pest Control
- Insect Growth Regulators for Other Applications
Insect Growth Regulators Market- Scope of Report
A recent study by Fact.MR on the insect growth regulators market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering insect growth regulators.
The study also provides the dynamics responsible for influencing the future status of the insect growth regulators market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the insect growth regulators market, along with their product portfolios, enhances the reliability of this comprehensive research study.
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Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for insect growth regulators are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global insect growth regulators market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the insect growth regulators during the forecast period.
Country-specific valuation on demand for insect growth regulators has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of insect growth regulators, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering insect growth regulators has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the insect growth regulators domain.
Key Takeaways from the Insect Growth Regulators Market:
- According to Fact.MR, the ability to cover large areas in less time and easy application makes aerosol insect growth regulators an attractive segment. Aerosols are expected to show a growth rate of about 1%, marginally higher than the second fastest growing segment which is liquid.
- In the developing clusters of Asia and Africa the adoption of insect growth regulators is comparatively slower as insect growth regulators are costlier vis-à-vis traditional pesticides.
- Pet-care products market has grown at a swift pace in the past five years and is projected to create an Incremental $ opportunity of US$ 15 Mn in next 8 years . This will create intrinsic opportunities for the insect growth regulators market for pest control in pets
- Among products, Juvenile Hormone Analogs and Anti-Juvenile Hormone Agents together are expected to reach a valuation of about US$ 530 Mn in 2027, expanding by 1.4x the current value.
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Leveraging Mutual Strengths to Tackle Mounting Competitive Pricing
Insect growth regulators market is fragmented with a high presence of regional competitors. The competition and pricing between them is stiff. Large multinationals including Bayer AG, Dow Chemicals and Syngenta AG have strong geographical presence and high brand value. The companies have focused on strategic acquisitions of smaller companies, so as to increase their foothold in the market
- For instance, MGK acquired the business of Flynexx from Piedmont Animal Health to add the Flynexx granules fly control product and EPA registered Insect Growth Regulator, ‘Cyromazine’ to its product offering.
- The frontrunners in the industry have also aimed at leveraging mutual strengths to promote growth. In April 2018, Bayer, BASF, Mitsui Chemicals, Sumitomo Chemical Company and Syngenta announced collaborative research activities for vector control solutions including insect growth regulators. The companies have also continually focused on development of newer and more effective insect growth regulators. For instance, Bayer launched an insect growth regulator ‘Fludora Fusion’, in Dec 2018, which has cleared the prequalification from WHO to control the growth of malaria causing mosquitoes.
Key Question answered in the survey of Bait Insect Growth Regulators market report:
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- Sales and Demand of Bait Insect Growth Regulators
- Growth of Bait Insect Growth Regulators Market
- Market Analysis of Bait Insect Growth Regulators
- Market Insights of Bait Insect Growth Regulators
- Key Drivers Impacting the Bait Insect Growth Regulators market
- Which are the Key drivers impacted by Bait Insect Growth Regulators market
- Restraints Shaping Market Growth
- Market Survey of Bait Insect Growth Regulators