Published On : 13 Feb 2019
The increasing demand for alternative measure to control insect pest and environment friendly nature is likely to stimulate growth of the global insect growth regulators market. The rising number of commercial applications in pest control mechanism in the stored products, forestry and agriculture to drive growth of the global insect growth regulators market. The rising concern of insecticide resistance pest in post-harvest ecosystem in the several part of the globe to drive growth of the global insect growth regulator market in the coming years. In addition, the frequent utility of these pesticides has led pests to improve a resistance to them, in that way having no effect on the life cycle of the pests. Therefore, the insect growth regulator serve as an effective mimic hormone disturbing the multiplicative phase of such type of pests. This is another trend augmenting growth of this market in the coming years.
The increasing usage of these compound to disrupt the normal growth of the embryo is propelling demand for the global insect growth regulators market. The rising popularity of the organic farming is expected to support growth of the global insect growth regulators market. The various other biological pesticides are utilized for the farming and this is another factor propelling demand for the global insect growth regulators market.
Excessive Usage of Pesticide Likely to Hamper Growth of Global Insect Growth Regulators Market
On the other hand, the increasing usage of excessive pesticides to boost production is likely to impact on the farming land and this is likely to restrain market growth. The synthetic based pesticide is expected to contaminate the groundwater and soil and have harmful impact on plant and beneficial bacteria to restrain market growth. These are some of the factors restraining growth of this market in the coming years. However, the rising usage of optimum capital usage and rapid adoption of advanced options are some of parameter affecting growth of this market in the coming year.
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Presence of Large number of Players in North America region to Hamper Market Growth
The presence of a large number of players in the global insect growth regulators market demonstrate fragmented structure. The key players are majorly adopting various strategies such as mergers and acquisitions to gain market share and expand their product portfolio. The key players operating in the global insect growth regulators market are Russell IPM Ltd., Dow Chemical Company, Platform Specialty Products Corporation and ADAMA Agricultural Solutions Ltd.
Presence of Large Number of Players to Intensify Market Growth
From the geographical point of view, North America and Europe is likely to account for maximum growth in the global insect growth regulator market in the coming years. The presence of large number of key players in the region is likely to accelerate growth in this region. The extensive growths in advance formulations of insect growth regulators are driving the growth in the region.
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