Global IPM Pheromone Market - 2023 - 2030

IPM Pheromone Market Global IPM Pheromone Market reached USD 950.4 million in 2022 and is projected to witness lucrative growth by reaching up to USD 1,907.6 million by 2030. The market is growing at a CAGR of 9.1% during the forecast period 2023-2030. There is an increasing emphasis on sustainable pest management practices globally. Consumers, regulatory bodies, and industry stakeholders are prioritizing environmentally friendly options that minimize the use of chemical pesticides.

IPM, with its incorporated approach and utilization of pheromones, aligns properly with this trend. The market growth of IPM pheromones is driven by the increasing demand for sustainable pest management techniques.

Ongoing research and development efforts are driving improvements in pheromone technology. Innovations such as improved formulations, optimized release systems, and enhanced monitoring methods are making IPM pheromones more effective, efficient, and practical. These technological advancements are contributing to the market growth of IPM pheromones by expanding their application range and improving their overall efficacy.

IPM Pheromone Market Dynamics

Increasing Adoption of Integrated Pest Management (IPM) Practices is Driving the Market Growth of IPM Pheromone

There is a growing awareness of the unfavorable environmental and health effects related to chemical pesticides. According to a journal published by The Pharma Innovation, IPM research over the past 10 years has revealed the changes in farmers' attitudes towards pest management, which resulted in a 20–100% reduction in the use of pesticides in various crops. There is a shift toward extra sustainable and environmentally friendly pest management practices. IPM, which specializes in combining several pest control practices, including pheromones, is gaining popularity as an effective and eco-friendly option. This adoption of IPM practices drives the demand for IPM pheromones.

IPM emphasizes the reduction of chemical pesticide use by integrating multiple pest control techniques. Pheromones play a vital role in this approach by disrupting pest mating patterns and attracting pests to traps, reducing the need for broad-spectrum pesticides. The reduced reliance on chemical pesticides aligns with the growing preference for safer and more sustainable pest control methods, further driving the adoption of IPM pheromones.

Increasing Demand for Sustainable Pest Management is Driving the Market Growth of IPM Pheromone

According to the UN Food and Agriculture Organization (FAO), up to 40% of global agricultural production is lost to pests yearly. Hence, there is a growing demand for pesticides worldwide. But the conventional chemical pesticides have negative environmental impacts and health risks. As a result, customers, are increasingly looking for alternatives that can be extra environmentally pleasant and pose fewer risks to human health. IPM, which makes use of pheromones as a part of an integrated method, gives a sustainable pest control answer that aligns with these concerns.

IPM emphasizes the use of non-chemical and low-chemical pest control methods, that specialize in prevention, tracking, and focused interventions. Pheromones are a key aspect of IPM as they offer an environmentally friendly alternative to traditional pesticides. Pheromones are species-unique, targeting pests at the same time as minimizing damage to useful organisms, non-target species, and the surrounding atmosphere. The growing demand for eco-friendly pest control practices, both in agricultural and non-agricultural settings, propels the increase of IPM pheromones within the marketplace

High Cost of IPM Pheromones Compared to Conventional Pesticides Can Hamper the IPM Pheromone Market

IPM pheromone-primarily based products, which include pheromone lures and traps, frequently involve higher upfront costs in comparison to standard chemical pesticides. Pheromone formulations and delivery systems can be costly to develop, produce, and distribute. This higher initial investment can deter some farmers, growers, and pest control professionals, particularly those with limited financial resources, from adopting IPM practices that include pheromones.

IPM implementation requires ongoing monitoring, training, and management efforts, which can add to the overall operational costs. Pheromone-based traps and lures need regular monitoring and replacement, which can incur additional expenses over time. While IPM can potentially reduce overall pesticide costs in the long run, the immediate operational costs associated with IPM pheromones can be a restraint for some farmers or pest control operators who have limited budgets or prefer low-cost solutions.

IPM Pheromone Market Segment Analysis

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

Sex Pheromones had the Highest Shares in the IPM Pheromone Market

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-precise nature, sex pheromones are mainly powerful in attracting and controlling pest populations.

Sex pheromones are applied in several sectors, together with agriculture, horticulture, forestry, and so forth. They are effective in competition with a vast type of insect pests which include moths, beetles, and flies. The versatility and wide application range make sex pheromones a popular desire for pest management across different industries.

IPM Pheromone Market Geographical Share

North America had the Highest Share in the IPM Pheromone Market

In 2022, North America had the highest revenue share in the IPM Pheromone market. North America, especially the US and Canada, has evolved and technologically advanced agriculture industry. According to the Government of Canada, in 2021, the government invested up to US$297,330 in the Prairie Organic Development Fund (PODF) to enable farmers to adopt best practices in organic farming production. IPM, including the use of pheromones, is substantially observed in North American agriculture to acquire sustainable pest control, making it a significant market for IPM pheromones.

The United States is known for its production of high-price crops, which includes, veggies, nuts, etc. Those crops are often vulnerable to particular pest species, making effective pest control vital for maintaining crop quality. IPM, with the utilization of pheromones, offers targeted and sustainable pest management solutions for these high-value crops. The need for precise pest control in these industries contributes to the demand for IPM pheromones in North America.

IPM Pheromone Market Companies

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

COVID-19 Impact on IPM Pheromone Market

COVID-19 Impact

The pandemic highlighted the significance of food security and the need for resilient agricultural structures. This increased attention on food manufacturing and sustainability could power the adoption of IPM practices, which include the usage of pheromones, as a greater sustainable and environmentally pleasant approach to pest management. The emphasis on secure food supply chains could potentially create opportunities for the IPM pheromone market.

However, the pandemic caused disruptions in global supply chains, including the production and distribution of IPM pheromone products. Lockdown measures, travel restrictions, and temporary closures of manufacturing facilities impacted the availability and timely delivery of pheromone-based products. These disruptions could have led to challenges in meeting the demand for IPM pheromones.

By Product Type
• Sex Pheromones
• Aggregation Pheromones
• Alarm Pheromones
• Trail Pheromones
• Others

By Mode of Application
• Dispensers
• Traps
• Sprayers
• Others

By Crop Type
• Field Crop
• Vegetable Crop
• Others

By Function
• Mating
• Disruption
• Detection
• Monitoring
• Mass Trapping

By Application
• Agriculture
• Others

By Region
• North America
The U.S.
Canada
Mexico
• Europe
Germany
The UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In February 2023, Bayer, a Life Science company, announced a collaboration with the French company M2i Group to provide pheromone-based biological crop protection products to fruit and vegetable growers worldwide.
• In May 2022, Syngenta Crop Protection, a provider of agricultural science and technology, launched M2i’s pheromone-based technology, EXPLOYO™ Vit, to support wine growers in France.
• In March 2021, Natco Pharma, a pharmaceutical company, forayed into pheromone-based technology for integrated pest management.

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