 |
| integrated pest management (IPM) pheromones market |
The integrated pest management (IPM) pheromones market has emerged as
sustainable and eco-friendly solution for crop protection. Pheromones are
chemicals produced by plants or insects to communicate with others of the same
species.IPM pheromones are widely used as alert signals, territorial markers,
and for other purposes in pest management. They help in disrupting mating or
other behaviors of pest species.
The Global
Integrated Pest Management Pheromones Market Size is estimated to be valued at US$ 783.1 million in 2024 and is
expected to exhibit a CAGR of 8.9% over
the forecast period from 2024 to 2031.
Key Takeaways
Key Players: Key players operating in the integrated pest management (IPM)
pheromones market are Russell IPM, Hercon Environmental Corporation, SemiosBIO
Technologies, Shin-Etsu, Sumi Agro France, Syngenta Bioline Ltd., Trece, Inc.,
Active IPM, AgrichemBio, AgriSense-BCS Ltd., Laboratorio Agrochem, S.L., ATGC
Biotech, and Atlas Agro.
Key Opportunities: Growing demand for organic and environmentally-friendly pest
control solutions and increasing collaboration among industry players and
research organizations to advance IPM pheromone technologies are expected to
create new market opportunities over the forecast period.
Global Expansion: Major IPM pheromone producing companies are investing in
expanding their global footprint through partnerships and acquisitions to
capitalize on the high growth potential of IPM programs across international markets.
Market Drivers: Rising environmental and health concerns associated with
chemical pesticides coupled with stringent regulations regarding their use are
driving the demand for safer and more sustainable IPM pheromones. Increasing
adoption of integrated vector management strategies worldwide is also boosting
market growth.
Market Restraints: High initial costs for development of new IPM pheromones and
lack of awareness among farmers in developing countries regarding benefits of
pheromone-based IPM programs are some of the challenges restraining faster
market adoption. Volatility in raw material prices remain a key market
challenge.
Segment Analysis
The integrated pest management pheromones market can be segmented based on trap
type, application, and region. The mating disruption sub segment dominates the
market as it utilizes synthesized pheromones to disrupt mating behavior of pest
insects and effectively reduces pest populations below economic threshold
levels without harming ecosystems. This sub segment enjoys higher preference
among farmers as it prevents pest insects from detecting sex pheromones
released by female insects, thereby reducing pest damage to crops.
Global Analysis
Regionally, the Asia Pacific region is expected to grow the fastest in the
integrated pest management pheromones market during the forecast period.
Countries like India, China, and Japan have large agricultural land areas under
cultivation of various crops. The increasing awareness about ill effects of
chemical pesticides and rising preference for environment-friendly crop
protection methods drives the adoption of integrated pest management techniques
including pheromone traps in the Asia Pacific region. North America currently
dominates the market owing to stringent regulations limiting the use of
chemical pesticides in countries like the US and Canada. Key players are
focusing on developing newer formulations of pheromone baits and lures to
expand in high growth regions.
Get More Insights On This Topic: Integrated
Pest Management Pheromones Market