Press release
Revolutionizing Crop Protection: Integrated Pest Management (IPM) Pheromones Market Poised to Surpass $2.20 Billion by 2031
Meticulous Research® Unveils In-Depth Insights into Integrated Pest Management (IPM) Pheromones Market[Redding, California], [23-01-2024]- Meticulous Research®, a global leader in market research, proudly presents its latest research report titled 'Integrated Pest Management (IPM) Pheromones Market by Type (Sex, Aggregation, Alarm Pheromones), Pest Type (Moths), Function (Mating Disruption, Mass Trapping), Mode of Application (Dispensers, Traps), Application - Global Forecast to 2031.'
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Pinnacle of Progress
Meticulous Research® unveils a comprehensive analysis projecting the Integrated Pest Management (IPM) Pheromones Market to soar to an impressive $2.20 billion by 2031, boasting a robust Compound Annual Growth Rate (CAGR) of 11.6% from 2024 to 2031. The market's expansion is fueled by escalating public concerns about health risks linked to synthetic pesticides, the imperative to enhance agricultural production sustainably, heightened awareness of IPM pheromone technology benefits, and the growing adoption of organic farming practices. Despite these positive indicators, challenges such as limited availability for specific pests and low awareness hinder market growth.
Navigating Challenges, Exploring Opportunities
While stakeholders grapple with higher costs associated with pheromone-based products compared to conventional pesticides, anticipated advancements in pheromone technologies present growth opportunities for the market. As the market surges forward, the industry must balance challenges with innovative solutions to sustain growth.
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Diversity in Dynamics
The IPM Pheromones Market is characterized by a moderately competitive landscape, featuring both large and small global, regional, and local players. Key players in this market include Provivi, Inc., Trécé, Inc., ISCA, Inc., SEDQ Healthy Crops S.L. (A Part of Iberclor Group), Pacific Biocontrol Corporation (PBC), Novagrica Hellas S.A., BASF SE, Laboratorios Agrochem S.L., Russell IPM Ltd, Hercon Environmental, Inc., International Pheromone Systems Ltd, Sumi Agro France (Subsidiary of Sumitomo Corporation), Suterra LLC (Subsidiary of The Wonderful Company LLC), Pherobank B.V., Koppert Biological Systems B.V., and SemiosBio Technologies Inc.
Comprehensive Market Segmentation
The IPM Pheromones Market is meticulously segmented by type, pest type, function, mode of application, application, and geography. The study provides a detailed analysis of industry competitors and evaluates regional and country-level markets.
Insights by Type
In 2024, the sex pheromones segment is projected to dominate the market, driven by the increasing demand for these pheromones in integrated pest management. The advantages, including high efficacy in disrupting mating patterns and environmentally friendly nature, contribute to their prominence in the market.
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Pest Type Dynamics
The moths segment is expected to hold the largest share in 2024, primarily due to the increasing prevalence of moth infestations in agricultural and storage facilities. The integration of pheromones into pest management for moths aligns with the principles of IPM, providing an effective and sustainable approach.
Functional Excellence
The mating disruption segment is poised to account for the largest share in 2024, owing to factors such as the increasing area under agricultural cultivation and growing awareness regarding pheromones in various agricultural applications. Mating disruption proves to be a highly effective tool in IPM for controlling pest populations.
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Mode of Application Advancements
In 2024, the dispensers segment is expected to claim the largest share, driven by technological advancements, accessibility, and user-friendly features. The presence of key dispenser manufacturers globally further contributes to widespread adoption.
Diverse Applications
The agriculture segment is anticipated to secure the larger share in 2024, driven by the increasing need to enhance agriculture productivity, demand for sustainable farming practices, stringent government regulations, and the rising popularity of IPM strategies. Sub-segments include fruit crops, field crops, vegetable crops, and other crops.
Navigating Global Territories
This research report thoroughly analyzes major geographies, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share, attributed to factors such as easy availability of enhanced pheromone products, increasing demand for organically grown food, rising health and environmental concerns, and heightened awareness of IPM benefits.
Meticulous Research® continues its commitment to delivering comprehensive market analyses, empowering industry players to make informed decisions in the dynamic landscape of the IPM Pheromones Market.
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About Meticulous Research®
Meticulous Research® is a globally recognized market research company dedicated to providing in-depth and accurate market intelligence. Committed to quality and precision, our team of experienced analysts delivers industry reports, custom research, and consulting services across diverse sectors.
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