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  • Published On : Jul 2022
  • Code : CMI2426
  • Industry : Agrochemicals
  • Pages : 127
  • Formats :

Cyromazine is an insect growth regulator (IGR) and is a cyclopropyl & an aminotriazine derivative of melamine. Cyromazine finds application in animal healthcare and agriculture. Cyromazine and other IGRs interfere with the life cycle of insects by acting on the hormonal control of development. IGRs interfere with normal progress and growth of the insect, resulting in an insect’s mortality before it reaches adulthood.

Global cyromazine market was valued at US$ 1.4 Million in 2021 in terms of revenue, exhibiting a CAGR of XX% during the forecast period (2022 to 2030).

Drivers

Cyromazine is an insect growth regulator (IGR) or ectoparasiticide that disrupts the development of insects and is effective against leaf miners and fly larvae. Increasing population and rising disposable income of the population is resulting in huge demand for food items and agriculture products, which in turn increases the demand for IGRs.

Among region, Asia Pacific is the fastest growing region and accounted for the largest market share of 37.2% in 2021, owing to growing agricultural industry in economies such as India in this region. According to India Brand Equity Foundation report on Agriculture and Allied Industries published in May 2018, food grain production was 279.51 million tons in India during crop year of 2017-2018. The report also states that there is a rising demand for Indian food and agricultural products in the international market. The total agricultural exports from India witnessed a CAGR of 16.45% over FY10-18 to reach US$ 38.21 billion in FY18. In April 2018, agriculture exports was US$ 3.15 billion. Therefore, growth of agricultural industry is expected to increase crop protection solutions, which in turn is expected to propel demand for cyromazine insecticides.

Figure 1. Global Cyromazine Market Value Share (%), By Region, 2021

Cyromazine  | Coherent Market Insights

Market Restraints

The slow-acting impact of cyromazine and availability of substitutes to cyromazine such as methoprene are expected to restrain the market growth. Furthermore, the development of resistance towards insect growth regulators is expected to be one of the major challenges restraining the market growth.

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Cyromazine Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1.4 Mn 
Historical Data for: 2017-2021 Forecast Period: 2022
Forecast Period 2022 to 2030 CAGR: 5.9% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Application: Crop Protection, Veterinary Medicines
Companies covered:

Syngenta AG, ADAMA Agricultural Solutions Ltd., Elanco Animal Health Inc., Jurox Pty Limited., Arysta LifeScience Corporation, Lasa Supergenerics Limited, Orion AgriScience Limited, Topsen Biotech Co. Ltd., Shandong Luxi Animal Medicine Share Co., Ltd., Bayer AG, and Toronto Research Chemicals Inc.

Growth Drivers:
  • Increasing population, rising demand for food and agriculture products
  • Multiple application of cyromazine in Veterinary Medicines and others
Restraints & Challenges:
  • Slow-acting impact of cyromazine and availability of substitutes to cyromazine such as methopreneare 

Market Trends

Increasing demand for environmentally safe crop protection products is expected to drive growth of the cyromazine market, owing to benefits offered by cyromazine such as low toxicity and lesser harmful impact on the environment. According to the USDA report on agricultural statistics published in 2017, domestic utilization of grains increased from 349.8 million metric tons in 2015 to 368 million metric tons in 2016 in the U.S. Therefore, growing agricultural sector is expected to result in increasing crop protection requirements, which in turn is expected to drive demand for cyromazine.

Figure 2. Global Cyromazine Market Value Share (%), By Application, 2021

Cyromazine  | Coherent Market Insights

Among applications, crop protection segment accounted for the largest revenue share of 78.4% in the global cyromazine market in 2021. There is high demand for insect growth regulators such as cyromazine in the agriculture industry to protect crops from insects and thereby improve agriculture production.

Recent Developments

  • In 2021, RR Animal Health Care Ltd. developed Cyromazine Active Pharmaceutical Ingredient (API) for the poultry segment. With the development of Cyromazine 99.5%, RR Animal Health Care became the first company to develop this molecule with complete backward integration using a Green Chemistry route without the use of solvents.
  • In July 2019, MGK, a provider of insect control solutions, acquired the Flynexx brand assets from North Carolina-based Piedmont Animal Health. The acquisition includes the Flynexx Granules fly control product and an Environmental Protection Agency EPA registration for IGR cyromazine.
  • In September 2019, Shandong Luxi Animal Medicine Share Co., Ltd. launched its animal nutrition product Cyromazine at the Qingdao World Expo City located in china.

Competitive Section

Major players operating in the global cyromazine market include Syngenta AG, ADAMA Agricultural Solutions Ltd., Elanco Animal Health Inc., Jurox Pty Limited., Arysta LifeScience Corporation, Lasa Supergenerics Limited, Orion AgriScience Limited, Topsen Biotech Co. Ltd., Shandong Luxi Animal Medicine Share Co., Ltd., Bayer AG, and Toronto Research Chemicals Inc.

Cyromazine is an insect growth regulator (IGR) or ectoparasiticide that disrupts the development of insects and is effective against leaf miners and fly larvae. Increasing population and rising disposable income of the population is resulting in huge demand for food items and agriculture products, which in turn increases the demand for IGRs.

Market Dynamics

Among application, crop protection segment is gaining traction in market, owing to increasing need for pest control in agriculture. For instance, according to Coherent Market Insights’ analysis, the global pest control services market was valued around US$ 16.18 Million in 2021. Cyromazine insect growth regulator possesses various advantages such as low toxicity and lesser impact on human health, and long-term effect, which are expected to moderately impact growth of the global cyromazine market.

Asia Pacific held a significant market share in 2021 due to substantial demand for cyromazine from China, India, South Korea, and Japan. Rising demand for agrochemicals, owing to increasing population in turn increases demand for agricultural products, thereby aiding in growth of the cyromazine market.

 Key features of the study:

  • This report provides an in-depth analysis of global cyromazine market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global cyromazine market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Syngenta AG, ADAMA Agricultural Solutions Ltd., Elanco Animal Health Inc., Jurox Pty Limited., Arysta LifeScience Corporation, Lasa Supergenerics Limited, Orion AgriScience Limited, Topsen Biotech Co. Ltd., Shandong Luxi Animal Medicine Share Co., Ltd., Bayer AG, and Toronto Research Chemicals Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global cyromazine market report caters to various stakeholders in this industry including investors, suppliers, Cyromazine manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Cyromazine market

Detailed Segmentation:

  • Global Cyromazine Market, By Application :
    • Crop Protection
    • Veterinary Medicines
  • Global Cyromazine Market, By Region:
    • North America
      • By Country:
        • U.S
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • Syngenta AG
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • ADAMA Agricultural Solutions Ltd.
    •  Elanco Animal Health Inc.
    •  Jurox Pty Limited.
    •  Arysta LifeScience Corporation
    •  Lasa Supergenerics Limited
    •  Orion AgriScience Limited
    •  Topsen Biotech Co. Ltd.
    •  Shandong Luxi Animal Medicine Share Co., Ltd.
    •  Bayer AG
    •  Toronto Research Chemicals Inc.

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global cyromazine market was valued at around US$ 1.4 Billion in 2021.
Increasing population, rising demand for food and agriculture products are some of the major factors that are expected to propel growth of the market over the forecast period.
Increasing demand for environmentally safe crop protection products is the key trend in the market.
Slow-acting impact of cyromazine and availability of substitutes to cyromazine such as methopreneare some of the major factors that are expected to hamper growth of the market over the forecast period. 
Major players operating in the market include Syngenta AG, ADAMA Agricultural Solutions Ltd., Elanco Animal Health Inc., Jurox Pty Limited., Arysta LifeScience Corporation, Lasa Supergenerics Limited, Orion AgriScience Limited, Topsen Biotech Co. Ltd., Shandong Luxi Animal Medicine Share Co., Ltd., Bayer AG, and Toronto Research Chemicals Inc. 
The market is estimated to grow at around 5.9% CAGR in the forecast period (2022-2030).

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