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Integrated Pest Management (IPM) Pheromones Market Set to Surge, Projected to Reach $2.20 Billion by 2031

02-22-2024 01:51 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

/ PR Agency: Meticulous Research
[Redding, California , 22-02-2024] - Meticulous Research®, a premier global market research company, has unveiled its latest 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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The report forecasts a robust growth trajectory for the integrated pest management (IPM) pheromones market, estimating a valuation of $2.20 billion by 2031, representing a notable CAGR of 11.6% from 2024 to 2031. This surge is attributed to a confluence of factors including heightened public concerns over the health impacts of synthetic pesticides, imperatives to bolster agricultural output, a growing recognition of the advantages of IPM pheromone technologies, and the escalating adoption of organic farming practices. Despite these favorable conditions, the market confronts challenges stemming from limited pheromone availability for specific pests and relatively low awareness regarding pheromone utilization.

The impending advancements in pheromone technologies are poised to unlock further growth opportunities, albeit stakeholders grapple with the obstacle of higher costs associated with pheromone-based products compared to conventional pesticides.

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Key Players

The integrated pest management (IPM) pheromones market landscape features a moderately competitive scenario, characterized by the presence of numerous global, regional, and local players. Key entities operating in this domain include Provivi, Inc. (U.S.), Trécé, Inc. (U.S.), ISCA, Inc. (U.S.), SEDQ Healthy Crops S.L. (A Part of Iberclor Group) (Spain), Pacific Biocontrol Corporation (PBC) (U.S.), and others.

Market Segmentation

The integrated pest management (IPM) pheromones market is segmented by type, pest type, function, mode of application, and application. The study evaluates industry competitors and provides analyses at both regional and country levels.

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Type: Segments include sex pheromones, aggregation pheromones, alarm pheromones, and other pheromones.

Pest Type: Segments encompass moths, fruit flies, beetles, and other pests.

Function: Categories comprise mating disruption, mass trapping, and detection & monitoring.

Mode of Application: Options include dispensers, traps, and sprays.

Application: Segments span agriculture (fruit crops, field crops, vegetable crops, and others) and non-agricultural applications.

Geographic Analysis

The report provides a comprehensive analysis of major geographies, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is anticipated to lead the integrated pest management (IPM) pheromones market in 2024, driven by factors such as the availability of enhanced pheromone products, increasing demand for organically grown food, and rising awareness regarding the benefits of integrated pest management (IPM).

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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.

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