New York, United States, July 01, 2024 (GLOBE NEWSWIRE) — The global integrated pest management pheromones market size will grow from $945.7 million in 2023 to $1995.9 million by 2033, at a compound rate of compound annual growth rate (CAGR) of 7.76% during the forecast period.
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Agrochemicals known as integrated pest management (IPM) pheromones are designed to attract, trap and destroy insects and pests to promote strong crop growth. Pheromones associated with Integrated Pest Management (IPM), which strives to reduce insect populations with as little negative environmental impact as possible, are essential to modern agricultural and pest control techniques. Compared to artificial agrochemicals including pesticides, IPM pheromones are believed to be ecologically better and cleaner. There are four applications for IPM pheromones: biological, cultural, mechanical and physical. When used in conjunction with insecticides, pheromones are thought to be a cleaner and more environmentally friendly method of integrated pest management, or IPM. Additionally, many insects use chemicals called pheromones to communicate, find mates, or find food. To reduce pest infestations in fruits, vegetables, grains and crops, IPM pheromones are widely used in horticulture, agriculture and forestry. Some of the major factors influencing the growth of global income are the growing awareness of food safety, innovations in the agriculture sector, more R&D being done and a better understanding of the application of sustainable products. The expansion of the global market is being driven by the rapid growth of the world’s population, the growing need to increase agricultural production, and the growing demand for premium crops and food products.
Browse key industry insights spread across 200 pages of 110 market data tables and figures and charts from the report on “Global Integrated Pest Management Pheromones Market Size, Share and Impact Analysis of COVID-19, by Product (Sex Pheromones, Aggregation Pheromones and Alarm Pheromones), By Application Mode (Monitoring and Detection, Mass Blocking, Mating Interruption and Others), by Application (Residential , Agriculture, Horticulture, Forestry and Storage Facilities) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2023 – 2033.”
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The sex pheromones segment is projected to dominate the global integrated pest management pheromones market over the forecast period.
Based on product, the global integrated pest management pheromones market is segmented into sex pheromones, crowding pheromones, and alarm pheromones. Among these, the sex pheromones segment is projected to dominate the global integrated pest management pheromones market over the forecast period. IPM pheromones minimize mating disturbance and larval growth in trees and crops.
The mating disruption segment projected a significant share of the global integrated pest management pheromones market over the forecast period.
Based on application mode, the global integrated pest management pheromones market is segmented into monitoring and detection, mass trapping, mating disruption, and others. Among these, the mating disruption segment accounted for a significant share of the integrated global pest management pheromones market over the forecast period. According to the science of mating disruption, artificial dispensers confuse male insects, making it difficult for pests to mate and reproduce.
The agriculture segment accounted for the largest share of the global integrated pest management pheromones market during the forecast period.
Based on application, the global integrated pest management pheromones market is segmented into residential, agricultural, horticultural, forestry, and storage facilities. Among these, the agriculture segment accounted for the largest share of the global integrated pest management pheromones market during the forecast period. Increasing sustainable agriculture and tighter pesticide regulations are likely to increase the need for IPM pheromones.
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North America is expected to hold the largest share of the global integrated pest management pheromones market during the forecast period.
North America is expected to hold the largest share of the global integrated pest management pheromones market during the forecast period. This is because the agricultural industry in North America has become more industrialized and dependent on an integrated system to support agribusinesses, leading to an increase in demand for IPM pheromones. Grain elevators, chemicals and biofertilizers, integrated pest management and other advanced technologies are being used by farmers in North America. Many farmers have implemented integrated pest management systems to secure their crops due to the increasing demand for efficient pest management techniques in the development of specific crops. Throughout the design period, new market opportunities are expected as a result of the Canadian federal government’s acceptance of the precision agriculture initiative to promote economical and environmentally friendly techniques.
Europe is projected to grow at the fastest rate in the global integrated pest management pheromones market during the forecast period. This is a result of the abundance of arable land, technological developments and breakthroughs in the agricultural sector, increased consumer demand for food safety and increased demand for premium food products in countries such as Spain, Italy and the United Kingdom. To promote biodiversity, the federal government is putting several environmental quality objectives into action, such as strong legislation banning pesticides. These targets, which include strict bans on the use of harmful pesticides, are aimed at promoting biodiversity. The European market for IPM pheromones is driven by all these factors.
Competition analysis:
The report provides proper analysis of the key organizations/companies involved in the global market along with a comparative assessment mainly based on their product offering, business overviews, geographical presence, enterprise strategies, market segment share and SWOT analysis. The report also provides an elaborative analysis focusing on current company news and developments, which includes product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances and others. This enables the assessment of overall competition within the market. Key vendors in the global integrated pest management pheromones market include Russell IPM, Shin-Etsu Chemicals, International Pheromone Systems Ltd (IPS), Suterra LLC, Trécé, Inc., Novagrica, Agrisense BCS Ltd, Pheromone Chemicals, Ponalab, Indore Biotech Inputs and Research Pvt. Ltd., BASF SE, Biobest Group NV, Isagro Group, Bio Controle and others.
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Recent developments
- In April 2022, Biobest has successfully acquired 60% of the shares in Biopartner. The purpose of the acquisition was to strengthen Biobest’s position in Poland.
Market segment
This study forecasts revenue at global, regional and country levels from 2020 to 2033. Spherical Insights has segmented the Global Pheromones Market for Integrated Pest Management based on the segments mentioned below:
Global Integrated Pest Management Pheromones Market, by Product
- Sex pheromones
- Aggregation of pheromones
- Alarm pheromones
Global Integrated Pest Management Pheromones Market, By Application Mode
- Monitoring & Discovery
- Mass trap
- Interruption of mating
- Others
Global Integrated Pest Management Pheromones Market, by Application
- residential
- Agriculture
- Horticultural
- Forestry
- Storage facilities
Global Integrated Pest Management Pheromones Market, by Region
- North America
- Europe
- Germany
- uk
- France
- Ital
- Spain
- Russia
- The rest of Europe
- Asia Pacific
- China
- Japan
- Indian
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentinian
- The rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- The rest of the Middle East and Africa
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