Meticulous Research®—a leading global market research company, published a research 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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According to this latest publication from Meticulous Research®, the integrated pest management (IPM) pheromones market is projected to reach $2.20 billion by 2031, at a CAGR of 11.6% from 2024 to 2031. The expansion of this market is propelled by increasing public concerns about potential health risks associated with synthetic pesticides, the imperative to boost agricultural production, a heightened awareness of the benefits of IPM pheromone technologies, and the growing adoption of organic farming practices. However, the market faces challenges due to the limited availability of pheromones for specific pests and relatively low awareness regarding the use of pheromones.
Anticipated advancements in pheromone technologies are poised to present growth opportunities for the market. Nonetheless, stakeholders in this market encounter a major challenge in the form of higher costs associated with pheromone-based products compared to conventional pesticides.
Key Players:
The integrated pest management (IPM) pheromones market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the integrated pest management (IPM) pheromones market are 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.), Novagrica Hellas S.A. (Greece), BASF SE (Germany), Laboratorios Agrochem S.L. (Spain), Russell IPM Ltd (U.K.), Hercon Environmental, Inc. (U.S.), International Pheromone Systems Ltd (U.K.), Sumi Agro France (Subsidiary of Sumitomo Corporation) (France), Suterra LLC (Subsidiary of The Wonderful Company LLC) (U.S.), Pherobank B.V. (Netherlands), Koppert Biological Systems B.V. (Netherlands), and SemiosBio Technologies Inc. (U.S.).
The integrated pest management (IPM) pheromones market is segmented by type (sex pheromones, aggregation pheromones, alarm pheromones, and other pheromones), pest type (moths, beetles, fruit flies, and other pests), function (mating disruption, mass trapping, and detection & monitoring), mode of application (dispensers, traps, and sprays), application (agriculture {fruits crops, field crops, vegetable crops, and other crops}, and non-agricultural applications), and geography (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa). The study also evaluates industry competitors and analyses the regional and country-level markets.
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Based on type, the integrated pest management (IPM) pheromones market is segmented into sex pheromones, aggregation pheromones, alarm pheromones, and other pheromones. In 2024, the sex pheromones segment is projected to dominate the market share, primarily driven by the increasing demand for sex pheromones in integrated pest management. This preference is attributed to the advantages associated with sex pheromones, including their high efficacy in disrupting the mating patterns of pests. Moreover, their environmentally friendly nature, as they specifically target pests without causing harm to beneficial insects or the environment, contributes to their prominence in the market. Moreover, the presence of a large number of key players providing sex pheromones for IPM across the globe further supports the growth of this market.
Based on pest type, the integrated pest management (IPM) pheromones market is segmented into moths, fruit flies, and other pests. The moths segment is expected to account for the largest share of the integrated pest management (IPM) pheromones market in 2024 owing to the increasing prevalence of moth infestations in agricultural & storage facilities and the growing adoption of pheromones for controlling moth populations. The integration of pheromones into pest management strategies for moths is a sustainable and targeted approach that aligns with the principles of IPM. It provides an effective means of controlling pest populations while minimizing the environmental impact associated with traditional pesticide use.
Based on function, the integrated pest management (IPM) pheromones market is segmented into mating disruption, mass trapping, and detection & monitoring. The mating disruption segment is expected to account for the largest share of the integrated pest management (IPM) pheromones market in 2024, owing to factors such as increasing area under agricultural cultivation and rising awareness regarding pheromones in various agricultural applications. Moreover, mating disruption stands out as an effective tool in integrated pest management (IPM) for controlling pest populations, predominantly leveraging sex pheromones to interfere with the insects' mating processes. This approach is widely applied in combatting various types of moths, contributing significantly to the expansion of this market.
Based on mode of application, the integrated pest management (IPM) pheromones market is segmented into dispensers, traps, and sprays. The dispensers segment is expected to account for the largest share of the integrated pest management (IPM) pheromones market in 2024 owing to the presence of a large number of key dispenser manufacturers across the globe, technological advancements in dispenser technology, ready accessibility, and user-friendly features contribute to the widespread adoption of dispensers.
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Based on application, the integrated pest management (IPM) pheromones market is segmented into agriculture and non-agricultural applications. The agriculture segment is expected to account for the larger share of the integrated pest management (IPM) pheromones market in 2024 owing to factors such as the growing need to increase agriculture productivity, increasing demand for sustainable farming practices, stringent government regulations for the usage of synthetic chemicals, and increasing area under organic cultivation.
In addition, the rising popularity of IPM strategies to eradicate various pest infestations in fruit crops and the rising demand for organic fruits are expected to support the growth of this market. Moreover, the agriculture segment is further segmented into fruit crops, field crops, vegetable crops, and other crops.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and Middle East & Africa. In 2024, North America is expected to account for the largest share of the integrated pest management (IPM) pheromones market. The large share of this market is attributed to the easy availability of enhanced pheromone products, increasing demand for organically grown food, increasing infestation of insects and pests, rising health and environmental concerns due to extensive use of chemical pesticides, and increasing awareness regarding the use of integrated pest management (IPM) and benefits associated with it.
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Key Questions Answered in the Report-
• What is the value of revenue generated by the sale of integrated pest management (IPM) pheromones?
• At what rate is the global demand for integrated pest management (IPM) pheromones projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for the integrated pest management (IPM) pheromones market?
• What are the major factors impacting the growth of this market at global and regional levels?
• What are the major opportunities for existing players and new entrants in the market?
• Which type, pest type, function, mode of application, and application segments create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the integrated pest management (IPM) pheromones market?
• Who are the major players in the integrated pest management (IPM) pheromones market? What are their specific product offerings in this market?
• What recent developments have taken place in the integrated pest management (IPM) pheromones market? What impact have these strategic developments created on the market?
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