Insect Growth Regulator Market: Introduction
The demand for safer insecticide and pesticide products has been rising since the past few years considering constantly worsening effects of commonly used insecticides and pesticides on the ecosystem as well as the human health. This is considered one of the key driving factors for the overall development of the global insect growth regulator market. Insect growth regulators generally affect the natural growth of pests and insects at several stages, including embryonic as well as post embryonic development, behavior, and reproduction.
In several parts of the globe, these compounds or chemicals are gaining popularity, as majority of them are considered to be more effective than the presently available wide spectrum of insecticides.
Rise in Demand for Eco-friendly Alternatives for Market Development
These insect growth regulators are being used in different combination with other biological pest management systems. These regulators are gaining growing acceptance in several regions, mainly due to their non-toxicity and selectivity of action, notes TMR analysts.
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Increasing Applications of Insect Growth Regulators Beneficial for Market Growth
The global demand for more environment-friendly and safer alternatives to effectively control the expansion of insects and pests has been rising since the past few years. This is a key factor driving the overall development of the global insect growth regulator market. In recent years, there has been growing applications of pest control mechanism in sectors such as stored products, gardening, forestry, and agriculture. This rise in the number of applications has also helped in driving the development of the global market.
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Another important factor that is helping to push the growth of the global insect growth regulator market is increasing the demand for insecticide alternatives that do not harm insects and are beneficial for the environment in a closed environment. These insect growth regulators are increasingly finding application in the residential sector for controlling population of cockroaches, fleas, and bedbugs, among others.
The competition landscape of the global insect growth regulator market is fragmented. This fragmentation can be attributed to the increasing number of companies operating in the global market. Key companies operating in the global market for insect growth regulator are Russell IPM Ltd., Central Garden & Pet Co., Valent USA Corporation, and Sumitomo Chemical Company Ltd.
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