PUBLISHER: SkyQuest | PRODUCT CODE: 1220821
PUBLISHER: SkyQuest | PRODUCT CODE: 1220821
Global Integrated Pest Management Pheromones Market size was valued at USD 857.15 million in 2021, and it is expected to reach a value of USD 1422.05 million by 2028, at a CAGR of 7.5% over the forecast period (2022-2028).
The market is anticipated to be driven by rising consumer awareness about food security and worries about the negative impacts of synthetic crop protection chemicals. In contrast to pesticides, IPM pheromones are thought to be safe and environmentally friendly.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Integrated Pest Management Pheromones market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Integrated Pest Management Pheromones Market is segmented based on the product, pheromone type, pest type, mode of application, application and region. Based on product, the market is sub segmented into Sex Pheromones, Aggregation Pheromones, Alarm Pheromones and others. According to pheromone type, the market is bifurcated into Pheromone Traps and Pheromone Lures. On the basis of pest type, it is categorized into Moths, Fruit Flies, Beetles and others. According to mode of application, the market is sub segmented into Monitoring & Detection, Mating Disruption, Mass Trapping and others. On the basis of application it is sub segmented into Agriculture, Horticulture, Forestry and Storage Facilities. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Farmers, the environment, and pest management organizations can all profit from the use of integrated pest management technology in crop protection. The use of integrated pest management strategies lowers the financial risk to farmers while encouraging low-cost pest control methods. Promoting the implementation of optimum management practices, it lowers the health risk for field employees. Over the forecast period, it is expected that the decrease in crop and land destruction will increase demand for IPM pheromones.
IPM pheromone penetration is lower in developing agro economies like India, China, Brazil, and Thailand than that of other pesticides. It is one of the primary factors preventing market growth.
One of the main obstacles to IPM pheromones' wider adoption is their restricted usage as an insecticide for certain targets. Farmers' lack of knowledge and experience with IPM pheromone products restricts the growth of the market for these products globally. IPM is discouraged among farmers who are totally dependent on chemical pest management methods due to limited training facilities and IPM tools.
The U.S. government is pursuing steps to develop the nation's agricultural industry, which is expected to increase demand for IPM pheromones. The Federal IPM Coordinating Committee, which offers interagency assistance on integrated pest management policies, programs, and budgets, was formed by the United States Department of Agriculture (USDA) in 2001.