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Steady Expansion Forecast for Integrated Pest Management (IPM) Market, Projected to Reach $204.2 Billion by 2029
Integrated Pest Management (IPM)
Integrated Pest Management (IPM) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant upward trend in the size of the Integrated Pest Management (IPM) market in recent years. Experts predict a rise from $133.61 billion in 2024 to $144.07 billion in 2025, representing a compound annual growth rate (CAGR) of 7.8%. The substantial growth in the previous years can be ascribed to factors such as increasing environmental worries, regulatory constraints, consumer demand, and cost savings.
Integrated Pest Management (IPM) Market Size Forecast: What's the Projected Valuation by 2029?
The market size of integrated pest management (IPM) is predicted to witness robust growth over the next few years, expanding to a substantial $204.2 billion by 2029, at a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth during the forecast period include the impacts of climate change, concerns about worldwide food security, and cooperative initiatives. Predominant trends during this period encompass advancements in technology, market growth, methods of biological control, incorporation of digital agriculture, bespoke IPM solutions for specific crops, technological innovations, a focus on alternatives to chemicals, and certification programs.
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What Are the Drivers Transforming the Integrated Pest Management (IPM) Market?
The escalation of the pest populace due to climate variations is projected to stimulate the expansion of the integrated pest management market in the future. Insect physiology and metabolism are influenced by temperature. As it increases, so does the metabolic rate due to escalated physiological processes. This causes insect herbivores to eat more and grow faster as their survival demands enhanced food consumption. The prevention and control of pest population reaching levels that could economically destruct are carried out through chemical and non-chemical methods in integrated pest management. To exemplify, in 2023, USDA reported that pests cause a loss of 20% to 40% of global crop yield annually. Plant diseases alone account for an annual cost of around $220 billion, with invasive insects contributing another $70 billion. Weeds also considerably disrupt food production on a global scale. Consequently, it is foreseen that warming temperatures will lead to a surge in insect populations, triggering the growth of the integrated pest management market.
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What Long-Term Trends Will Define the Future of the Integrated Pest Management (IPM) Market?
Leading entities in the integrated pest management marketplace are inventing state-of-the-art merchandise like professional pest management solutions in order to broaden their consumer base, boost sales, and heighten earnings. When referring to professional pest management, we are talking about an all-encompassing, masterfully tailored service carried out by trained and certified pest control experts or businesses, designed to tackle and properly manage pest invasions in homes, businesses, farming areas, and industry-type environments. For example, SureKill Evolve SC was launched by Neogen Corporation in September 2023. This renowned, US-based food safety corporation's suspension concentrate pesticide is known for its extraordinary capacity to promptly eliminate a broad assortment of specific pests while maintaining long-lasting residual control. These pests include, but are not limited to ants, bedbugs, roaches, fleas, flies, silverfish, spiders, and other various pests. The exceptional formula of this product includes the industry-standard ingredient, deltamethrin, making it perfect for substantial outdoor use. Impressively, SureKill Evolve SC guarantees up to 90 days of continuous control over the mentioned pests in both residential and commercial edifices. Due to its operational flexibility and user-friendly nature, SureKill Evolve SC claims the spotlight among pest control specialists. The labelling of this product also allows for its use in various venue types, including residential structures and buildings, even those particularly sensitive areas like kitchens and premises that work with food and feed handling.
Which Segments in the Integrated Pest Management (IPM) Market Offer the Most Profit Potential?
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
Subsegments:
1) By Weeds: Annual Weeds, Perennial Weeds
2) By Invertebrates: Insects, Nematodes
3) By Pathogens: Bacterial Pathogens, Fungal Pathogens, Viral Pathogens
4) By Vertebrates: Rodents, Birds, Other Vertebrates
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Which Firms Dominate the Integrated Pest Management (IPM) Market by Market Share and Revenue in 2025?
Major companies operating in the integrated pest management (IPM) market include 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
Which Regions Offer the Highest Growth Potential in the Integrated Pest Management (IPM) Market?
North America was the largest region in the integrated pest management (IPM) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrated pest management (IPM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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