Press release
Integrated Pest Management (IPM) Pheromones Market Projected to Attain $2.20 Billion by 2031: Exclusive Report by Meticulous Research®
Market Dynamics:
The growth trajectory of the IPM pheromones market is propelled by a confluence of factors, including mounting public apprehensions surrounding synthetic pesticides' health hazards, the imperative to augment agricultural output sustainably, escalating recognition of IPM pheromone technologies' merits, and the escalating adoption of organic farming practices. However, challenges persist due to limited availability of pheromones for specific pests and relatively low awareness regarding their utilization.
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Future Prospects:
Anticipated advancements in pheromone technologies hold promise for market expansion. Nevertheless, stakeholders encounter significant hurdles, notably the higher costs associated with pheromone-based products compared to conventional pesticides.
Key Players:
The report meticulously assesses strategic developments among industry frontrunners over the past five years (2021-2024). Leading participants driving innovation in the integrated pest management (IPM) pheromones market include Provivi, Inc. (U.S.), Trécé, Inc. (U.S.), ISCA, Inc. (U.S.), SEDQ Healthy Crops S.L. (A Part of Iberclor Group) (Spain), and Pacific Biocontrol Corporation (PBC) (U.S.), among others.
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Market Segmentation:
The IPM pheromones market is segmented based on type, pest type, function, mode of application, application, and geography, providing comprehensive insights into various industry facets.
Key Findings:
Type Segmentation: The sex pheromones segment is expected to witness the highest CAGR, driven by increased awareness and focused research to enhance efficacy.
Pest Type Segmentation: Moths are projected to dominate the market share owing to rising infestations and widespread adoption of pheromones for control.
Function Segmentation: Mating disruption is poised to lead due to its effectiveness in pest management across various crops.
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Mode of Application Segmentation: Dispensers are anticipated to hold the largest market share, buoyed by technological advancements and user-friendly features.
Application Segmentation: Agriculture is expected to command the largest share, driven by the need for sustainable farming practices and stringent regulations on synthetic chemicals.
Regional Insights:
Asia-Pacific is forecasted to register the highest CAGR, propelled by burgeoning food demand, technological advancements, and increasing government support for organic farming.
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