Insect growth regulators (IGRs) sales in Denmark have experienced fluctuations over the past decade with varying year-on-year changes. In 2023, the volume of sales stood at 25 kilograms, reflecting a modest increase of 4.17% compared to the previous year. Over the past five years, the compound annual growth rate (CAGR) was 1.68%. Recent years show a notable volatility with significant drops in 2021 (-37.93%) followed by a rebound in 2022 (33.33%).
From 2024 onwards, sales are forecasted to be relatively stable around 25 to 26 kilograms annually, with a forecasted 5-year CAGR of 0.79%. This indicates a stable growth rate of 4% over the forecast period. Longer-term, the market has had high fluctuations notably in 2020 and 2016 with changes exceeding 50% year-on-year.
Future trends to watch for include:
- Consumer preferences for environmentally friendly pest control methods.
- Legislative regulations impacting the use of insect growth regulators.
- Technological advancements in pest control solutions.
- Potential market shifts due to climate change affecting insect populations.
