Integrated Pest Management Market to Reach $184.94 Billion by 2028 Driven by Climate Change

The integrated pest management (ipm) market size has grown strongly in recent years. It will grow from $124.96 billion in 2023 to $134.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to environmental concerns, regulatory pressures, consumer demand, cost savings.

The integrated pest management (ipm) market size is expected to see strong growth in the next few years. It will grow to $184.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to climate change impact, global food security concerns, collaborative initiatives, . Major trends in the forecast period include technology advancements, market expansion, biological control methods, digital agriculture integration, crop-specific ipm solutions, biotechnology innovations, focus on non-chemical alternatives, certification programs.

Market Overview -
Integrated pest management (IPM) refers to an ecosystem-based approach that emphasizes long-term pest avoidance or damage reduction using a variety of methods, including biological control, habitat management, alteration of cultural practices, and the use of resistant cultivars. It encourages strong buildings, flourishing plants, and environmentally friendly, bio-based pest control options.

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Climate-Driven Pest Population Growth And The Booming Integrated Pest Management Market
An increase in the pest population owing to climate change is expected to propel the growth of the integrated pest management market going forward. The physiology and metabolism of insects are regulated by temperature. The metabolic rate increases as temperature rises because of increased physiological activity. That leads insect herbivores to consume more and grow more quickly because insects need to eat more to survive. Chemical and nonchemical methods are used in integrated pest management to prevent and control pest populations from reaching economically destructive levels. For instance, according to the United State Census Bureau, in 2021, out of the 124 million occupied dwelling units in the US, nearly 14 million people reported seeing roaches in their houses in the year 2021. Therefore, it is anticipated that rising temperatures will result in an increase in insect populations, which will fuel the growth of the integrated pest management market.

Competitive Landscape -
Major companies operating in the integrated pest management (ipm) market report are BASF SE, Shin-Etsu Chemical Co. Ltd., Integrated Pest Management Inc., Société Générale de Surveillance SA, Bayer CropScience Limited, Ecolab Inc., Hercon Environmental Corporation, Suterra LLC, AgBiTech Pty Ltd., Russell IPM Ltd., AgrichemBio, Atlas Agro Products Pvt Ltd, Laboratorio Agrochem SRL, Atgc Biotech Private Limited, Agrisense BCS Ltd., Syngenta Group Co. Ltd., Corteva Agriscience, Gansu Dunhuang Seed Group Co. Ltd., FMC Corporation, Sumitomo Chemical Co. Ltd., ADAMA India Pvt Ltd., Nufarm Limited, Valent BioSciences LLC, Certis USA LLC, BioWorks Inc., Koppert Biological Systems, ISCA Technologies Inc., BioTEPP Inc., Vestaron Corporation, Andermatt Biocontrol AG, Marrone Bio Innovations Inc., BioSafe Systems LLC, Dow AgroSciences LLC, E. I. du Pont de Nemours and Company

Innovations In Pest Management Products And Services
Major companies operating in the integrated pest management market are developing innovative products such as professional pest management solutions to meet larger customer bases, more sales, and increase revenue. A professional pest management solution refers to a comprehensive and specialized service provided by trained and certified pest control professionals or companies to address and manage pest infestations in residential, commercial, agricultural, or industrial settings. For instance, in September 2023, Neogen Corporation, a US-based food safety company, launched SureKill Evolve SC. SureKill Evolve SC stands out as a suspension concentrate insecticide renowned for its exceptional performance in swiftly knocking down a wide range of targeted pests and providing extended residual control. These pests include but are not limited to ants, bedbugs, cockroaches, fleas, flies, silverfish, spiders, and various others. This remarkable product incorporates the industry-standard active ingredient, deltamethrin, which makes it suitable for extensive outdoor applications. Notably, SureKill Evolve SC delivers a remarkable up to 90 days of sustained control over the mentioned pests in both residential and commercial structures. SureKill Evolve SC is a flexible and user-friendly solution, rendering it a top pick for pest control experts. The product's labeling permits applications in a wide array of settings, encompassing residential structures and buildings, even in sensitive areas such as kitchens and facilities involved in food and feed management.

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Key Segments -
The integrated pest management (ipm) market covered in this report is segmented -
1) By Pest Type: Weeds, Invertebrates, Pathogens, Vertebrates
2) By Control Method: Biological Control, Chemical Control, Cultural Controls, Mechanical and Physical Controls, Other Control Methods
3) By Application: Agriculture, Commercial buildings, Industrial, Residential, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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