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Integrated Pest Management (IPM) Market: Projections, Drivers, and Trends in Market Growth from 2024 to 2029
What is the Projected Market Size of the Global Integrated Pest Management (IPM) Market and Its Growth Rate?
The Integrated Pest Management (IPM) market has shown impressive growth in recent years and is projected to continue this trend into the following periods.
• 2024 Market Size: $133.61 billion
• 2025 Market Size: $144.07 billion (7.8% CAGR)
• 2029 Market Size: $204.2 billion (9.1% CAGR)
Market growth can be attributed to various factors, including environmental concerns, regulatory pressures, consumer demand, cost savings, climate change impact, global food security concerns, and collaborative initiatives.
What is Driving the Growth in the Integrated Pest Management (IPM) Market?
The Integrated Pest Management (IPM) market is seeing a surge in growth due to the increase in the pest population caused by climate change. Higher temperatures accelerate insect metabolism, causing them to consume more and grow quicker, which results in an increase in the insect population. Techniques from integrated pest management, both chemical and non-chemical, are used to prevent pest populations from reaching economically destructive levels. Industry statistics show that 20% to 40% of global crop production is lost to pests annually, with plant diseases costing around $220 billion annually and invasive insects adding another $70 billion. The impact of weeds on food production also contributes to these losses. Therefore, rising temperatures and the resultant increase in insect populations are expected to fuel the growth of the integrated pest management market.
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Who Are the Key Players Driving Integrated Pest Management (IPM) Market Growth?
The following leading companies are instrumental in driving the growth in the Integrated Pest Management (IPM) market:
• BASF SE
• Integrated Pest Management Inc.
• 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
• 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
What Are The Key Trends in The Integrated Pest Management (IPM) Market?
Key trends in the IPM Market include:
• Technology advancements
• Market expansion
• Biological control methods
• Digital agriculture integration
• Crop-specific IPM solutions
• Biotechnology innovations
• Focus on non-chemical alternatives
• Certification programs
What Are The Segments of The Global Integrated Pest Management (IPM) Market?
The Integrated Pest Management (IPM) market is categorized into the following segments:
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
Which Region Leads The Integrated Pest Management (IPM) Market?
North America was the leading region in the integrated pest management (IPM) market in 2024. However, Asia-Pacific is forecasted to be the fastest-growing region in the coming years. Other regions analyzed in the report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Integrated Pest Management (IPM) Market Global Market Report?
- Market Size Analysis: Analyze the Integrated Pest Management (IPM) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Integrated Pest Management (IPM) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Integrated Pest Management (IPM) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Integrated Pest Management (IPM) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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