Global IPM Pheromone Market - 2023-2030

Global IPM Pheromone Market - 2023-2030

Global IPM Pheromone Market reached US$ 950.4 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 1,907.6 million by 2030. The market is growing at a CAGR of 9.1% during the forecast period 2023-2030.

There is a growing focus on targeted pest control strategies. IPM pheromones, with their species-specific nature, provide a highly targeted approach to pest management. By disrupting pest mating patterns and attraction, pheromones can effectively reduce pest populations without harming beneficial organisms or the environment. The trend towards targeted pest control methods Favors the adoption of IPM pheromones and drives their market growth.

IPM pheromones are finding applications beyond traditional agriculture. The adoption of IPM and pheromones is expanding into non-agricultural sectors, such as urban pest management, forestry, and stored product protection. The demand for sustainable pest control solutions in these industries is driving the growth of the IPM pheromone market in new areas and sectors.

Market Dynamics

Growing Awareness Among Consumers Regarding the Side Effects of Pesticides is Driving the IPM Pheromone Market Growth

According to WHO, around 1 million people are poisoned acutely because of pesticide contact. Consumers are increasingly concerned about the negative environmental influences of chemical pesticides. The growing awareness of environmental concerns has led consumers to look for alternatives that are extra environmentally friendly and sustainable. IPM, with its consciousness of reducing reliance on chemical pesticides and making use of pheromones as an eco-friendly option, aligns well with consumer preferences and drives the market.

Consumer preferences are shifting towards sustainable and environmentally friendly products across various industries, including agriculture. There is an increasing demand for sustainably grown and produced goods. IPM, with its emphasis on ecological balance, reduced chemical inputs, and minimized environmental impact, aligns with these sustainability goals. The use of pheromones as part of IPM practices resonates with consumers seeking sustainable agricultural practices, thereby driving the growth of the IPM pheromone market.

Rising Awareness About the Benefits of IPM Pheromones Methods is Driving IPM Pheromone Market Growth

As awareness grows about the environmental impact of traditional pest management methods, there is a shift closer to extra sustainable and environmentally pleasant practices. IPM pheromones provide a targeted method of pest management, mainly addressing the pest species while minimizing harm to beneficial insects, non-goal organisms, and the atmosphere as an entire.

IPM pheromones play a crucial role in retaining biodiversity. with the aid of specifically focusing on pest species, they decrease the impact on non-target organisms, which include beneficial insects and wildlife. Improved focus on the importance of biodiversity conservation has led to the growth of pest control strategies that might be much less dangerous to the herbal environment. The capacity of IPM pheromones to defend biodiversity contributes to their market increase.

Limited Awareness and Knowledge About IPM Pheromones Among Farmers is Restraining the Growth of the IPM Pheromone Market

Farmers frequently rely on traditional pest control methods, such as chemical pesticides, that have been widely used for many years. This reliance on traditional practices may additionally cause a lack of understanding and know-how of alternative methods like IPM and pheromones.

Pheromone-based pest control is a specialized field that requires knowledge and understanding of pest conduct, pheromone biology, tracking techniques, and application strategies. Farmers who've not been exposed to or knowledgeable approximately the pheromone era might not be aware of how pheromones may be used efficaciously to govern pest populations. This restricted information can result in a reluctance to adopt pheromone-based solutions.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global IPM pheromone market is segmented based on product type, mode of application, crop type, function, application, and region.

Specificity and Effectiveness of Sex Pheromones Boosts the Segmental Growth

In 2022, sex pheromones had the highest share in the IPM pheromone market. According to FAO, each year, invasive insects cost at least $70 billion. Sex pheromones are highly specific to particular pest species and are designed to mimic the natural sex attractants emitted by female insects. They are used to disrupt the mating patterns of pests by confusing male insects, making it difficult for them to locate females for reproduction. Due to their species-specific nature, sex pheromones are highly effective in attracting and controlling targeted pest populations.

Sex pheromones have a long history of successful application in pest management. Many farmers and growers have witnessed positive results and benefits in controlling pest populations using sex pheromone-based approaches. These success stories and the proven track record of sex pheromones contribute to their widespread adoption and higher market share.

Geographical Analysis

Strong Agricultural Sector in Europe Region

In 2022, Europe had a significant share of the IPM pheromone market. According to EuroStat, The EU’s agricultural industry created an average gross value added of EUR 222.3 billion in 2022. This strong agricultural industry demands a focus on sustainable pest management techniques. IPM (Integrated Pest Management) pheromones are a key component of sustainable pests. They are utilized as a targeted and environmentally friendly approach to control pest populations. Hence, the strong agricultural industry in the Europe region demands effective pest management techniques, which drives IPM pheromone market growth in that region.

Europe has a well-established infrastructure and support system for IPM implementation. The region has advanced research institutions, agricultural extension services, and industry associations that provide training, technical support, and guidance to farmers and pest control professionals. This infrastructure facilitates the dissemination of knowledge and the adoption of IPM practices, including the use of pheromones.

Competitive Landscape

The major global players include Russell IPM Ltd, BASF SE, AgriSense-BCS Ltd, Laboratorio Agrochem, S.L., ATGC Biotech, Bioline AgroSciences Ltd, Active IPM, Novagrica, Biobest, Suterra

Why Purchase the Report?
• To visualize the global IPM pheromone market segmentation based on product type, mode of application, crop type, function, application, and region understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous IPM pheromone market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The Global IPM Pheromone Market Report Would Provide Approximately 77 Tables, 81 Figures, And 102 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies