IPM Pheromone Products Industry Segments, Opportunity, Growth And Forecast By End-Use Industry 2028

[Sagar Wadekar]

Market Outlook
Market Research Future (MRFR) reveals that the IPM Pheromone Products Industry will thrive at a rate of 8.54% between 2020 and 2028. The market value by the end of 2028 will be USD 2,850.60 million, expects Market Research Future.
Growth Boosters and Deterrents
Integration of the advanced integrated pest management technology to protect crops provides a host of advantages to farmers, pest management organizations, as well as environment. The use of integrated pest management techniques helps bring down the economic burden on farmers while encouraging low-cost pest management measures. The technology also helps cut down the health risk associated with working in fields by raising the adoption rate of the best management techniques. The depletion of arable lands and reduction crop yields and the need to address these challenges will propel the market demand in the years ahead.
Surging use of IPM pheromones in emerging agro-nations such as Brazil, India, Thailand, and China will be a huge opportunity for the global companies.
Segmental Review
Product type-based segments are aggregation pheromones, sex pheromones, and others. The sex pheromones sector is in the lead and will remain at the same position throughout the review period.
Major crop types covered in the study of the IPM Pheromone Products Industry are cash crops, food crops, horticulture crops, and plantation crops. The horticulture crops segment forms the largest share of 34.80%, as evaluated in 2020 and will project a growth rate of 8.56% between 2020 and 2028. Horticultural crops cover a variety of medicinal, ornamental plants, and vegetable fruits. These vegetables and fruits are crucial sources of proteins, carbohydrates, vitamins, minerals, and organic acids, for human nutrition. In view of this, these types of crops are extensively processed to foster their shelf life while preserving their nutritional values.
Depending on insect type, the worldwide market for IPM pheromone products has been considered for weevil, moth, beetle, fruit fly, and more. The leading spot has been secured by the moth segment, forming the biggest share in the global market.
Regional Outlook
North America, as the global leader, accounts for the biggest share of 38.47% in the market for IPM pheromones products. The United States government frequently comes up with initiatives to boost the agriculture industry, which translates into booming sales of IPM pheromones. The United States Department of Agriculture (USDA) started the Federal IPM Coordinating Committee started in 2001, which offers interagency assistance to integrated pest management programs, budgets, and policies. The USDA also focuses on ways to encourage pest management in landscapes, homes, farms, and more. The bigger picture is fostering the country’s total crop production. Rapid adoption of sustainable and modern farming techniques in the region will further strengthen the market position in the years ahead.
Asia Pacific will form a share of 16.80% in the global industry, while garnering the fastest CAGR of 8.89% in subsequent years. The region ranks among the top exporters and producers of fruits, cereals, cash crops, and vegetables in the world. Agriculture, one of the biggest sectors in Asia Pacific, uses massive amounts of chemical pesticides. But, in recent years, the region has been making its way towards more sustainable pest management practices in view of the mounting awareness regarding the toxic health effects caused by the excessive deployment of pesticides. Moreover, emergence of stringent pesticide residue policies in the region will further bolster the need for integrated pest management systems in the region over the following years.
Affluent Participants
Some of the key IPM pheromone products developers are Bio Controle (Brazil), LaboratorioAgrochem, Agbio, Inc. (US), International Pheromone Systems Ltd. (IPS) (Wirral), S.L. (Spain), Novagrica (Greece), to mention a few.

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