Insect Growth Regulators Market Grows at a CAGR of 6.16% During 2016 to 2022
Market segment develops at CAGR of 6.16% during 2016 to 2022
The global insect growth regulators market is estimated at $736.3 million in 2016 and is projected to reach $1,054.3 million by 2022, at a CAGR of 6.16% during the forecast period while the aerosol segment is projected to have the highest CAGR during the forecast period.
The global insect growth regulators market is estimated at $736.3 million in 2016 and is projected to reach $1,054.3 million by 2022, at a CAGR of 6.16% during the forecast period. The primary factors that drive the market are adoption of environmentally safe crop protection products and wider applicability of insect growth regulators in commercial pest control usage. The major restraining factors are that insect growth regulator products are effective only in the initial stages of pest and insect growth and are less effective when they are used as a stand-alone control method. They have a low knockdown effect when used as a stand-alone product as they only control the growth stages among insects and pests; do not kill them directly.