Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 872.1 Million | USD 1,230.1 Million | 5.9% | 2021 |
FrequentlyAsked Questions
The rising global usage of environmentally-friendly pesticides is predicted to be a major driver of market expansion. IGRs are materials that have a high degree of efficiency. As a result, demand from a variety of industries, including agriculture, residential, and commercial, has increased. In recent years, the development in integrated pest control and organic farming methods in rising nations such as India and China has played a significant influence in increasing demand. This pattern is predicted to continue throughout the projected period.
According to the Market Research report, the Insect Growth Regulator (IGR) Market was worth about 872.1 (USD million) in 2021 and is predicted to grow to around 1,230.1 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 5.9 percent.
North America leads the global market in the forecast period. The demand in North America is mostly driven by health concerns, which have resulted in greater adoption of safer, eco-friendly alternatives to pesticides. Furthermore, new packaging, as well as product developments along with high living standards, are complementing product demand.
Some of the main competitors dominating the Insect Growth Regulator (IGR) Market include - Bayer AG, Central Life Sciences, OHP Inc., Syngenta AG, Dow AgroSciences LLC, HELM AGRO US, Inc., Nufarm Limited, Russell IPM, Valent U.S.A LLC, McLaughlin Gormley King Company, Sumitomo Chemical Company Limited, Control Solutions Inc.
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