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
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.
| 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: |
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| 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. |
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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
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
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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
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