Integrated Pest Management Pheromones Market Forecasts to 2030 - Global Analysis By Type, Pest Type, Crop, Usage, Application, and By Geography

According to Stratistics MRC, the Global Integrated Pest Management Pheromones Market is accounted for $1,001.7 million in 2023 and is expected to reach $1,952.1 million by 2030 growing at a CAGR of 10.0% during the forecast period. Integrated Pest Management (IPM) is a holistic approach to pest control that emphasizes minimizing environmental impact while effectively managing pests. These pheromones are used as part of IPM strategies to control pest populations in agricultural and urban settings. IPM pheromones are considered environmentally friendly and a key component of sustainable pest management practices, reducing the need for chemical pesticides and minimizing harm to non-target organisms. They are often deployed in combination with other control methods for maximum effectiveness.

According to the UN Food and Agriculture Organization (FAO), the adoption of such bio control methods together with other sustainable practices could increase crop yields in major developing nations like India, China, and Brazil by 20-40% compared to 2005 levels by 2050.

Market Dynamics:

Driver:

Increasing consumer demand

As consumers become more health-conscious and environmentally aware, there is a growing preference for food that is grown using methods that minimize environmental impact and reduce chemical residues. Furthermore, consumers are increasingly seeking transparency and accountability in the food production process, wanting to know where their food comes from and how it is grown. This shift in consumer behavior is driving demand for pest management solutions.

Restraint:

High initial costs

Implementing IPM pheromone-based pest control programs requires upfront investment in various components. These initial costs can be substantial, particularly for small-scale growers or farmers with limited financial resources. Additionally, the ongoing expenses associated with maintaining and replenishing pheromone dispensers, replacing traps, and conducting regular monitoring and surveillance can further strain budgets, thereby hampering this market size.

Opportunity:

Technological advancements

Continuous innovation and research in the field of pest management have led to significant improvements in the effectiveness, efficiency, and affordability of IPM pheromone-based solutions. This includes the use of microencapsulation techniques, slow-release formulations, and novel dispenser designs that optimize the release rate and distribution. Moreover, advancements in biotechnology and genetic engineering have enabled the development of genetically modified crops, which has propelled this market growth.

Threat:

Lack of awareness and education

Many growers, pest management professionals, and stakeholders in the agricultural and urban sectors may not be fully aware of the benefits, which are the primary cause. This lack of awareness can stem from various factors, including limited access to information, outdated or inaccurate perceptions about pest control methods, and a lack of training or education on IPM principles and practices. Moreover, the complexity and the need for specialized services can create barriers to adoption, which is hindering this market further.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the Integrated Pest Management (IPM) Pheromones market. One major impact has been disruptions in the global supply chain, leading to delays in the production and distribution of pheromone-based products. Additionally, the economic downturn caused by the pandemic has led to budget constraints for farmers and growers, limiting their ability to invest in IPM solutions, including pheromone-based products, which have impeded this market expansion.

The aggregation pheromones segment is expected to be the largest during the forecast period

The aggregation pheromones segment is estimated to hold the largest share. These are chemicals produced by certain insects to attract others of the same species to a specific location, such as a food source or nesting site. These pheromones can be synthesized and deployed in various forms, such as traps or dispensers, to lure pests to a specific area where they can be monitored, captured, or killed. Furthermore, these products offer a non-toxic alternative, reducing the environmental impact, which is propelling this segment's growth.

The pheromone lures segment is expected to have the highest CAGR during the forecast period

The pheromone lures segment is anticipated to have highest CAGR during the forecast period due to the development and distribution of pheromone-based products used to attract and control specific pest species. These lures are strategically deployed in traps or dispensers to attract pests to a specific location, where they can be monitored, captured, or managed through other control methods. Moreover, it encompasses a diverse range of products tailored to different pest species and target environments, driving this segment further.

Region with largest share:

Europe commanded the largest market share during the extrapolated period, owing to increasing awareness of the environmental and health risks associated with conventional pesticide use. European countries are implementing stringent regulations aimed at reducing the use of chemical pesticides and promoting the use of alternative, eco-friendly pest management methods. In addition, as regulatory pressures mount and consumer demand for sustainable agricultural practices rises, there is a growing emphasis on the adoption of IPM strategies.

Region with highest CAGR:

North America is expected to witness highest CAGR over the projection period, owing to a growing demand for sustainable agriculture practices. The United States and Canada are leading markets for IPM pheromones, with a strong emphasis on innovation and the adoption of eco-friendly pest management strategies. Furthermore, companies in the region are investing in research and development to improve the efficacy and affordability of pheromone-based solutions, driving market growth and innovation.

Key players in the market

Some of the key players in the Integrated Pest Management Pheromones Market include Bioiberica S.A.U., Russell IPM, Isagro, Syngenta Bioline, Pacific Biocontrol Corporation, BASF SE, ISCA Technologies, Hercon Environmental Corporation, Shin-Etsu Chemical Co., Ltd. and Pherobank B.V.

Key Developments:

In February 2024, INEOS Automotive and BASF's Coatings division have signed an agreement on a global automotive refinish body and paint development. The partnership includes the supply of sustainable refinish solutions, expertise and latest digital color-matching solutions and training.

In November 2023, BASF and SK On have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific.

Types Covered:

• Aggregation Pheromones
• Sex Pheromones
• Ovioposition-Dettering Pheromones
• Trail Pheromones
• Alarm Pheromones
• Other Types

Pest Types Covered:

• Beetles
• Insects
• Aphids
• Moths
• Moths
• Flies
• Other Pest Types

Crops Covered:

• Vegetable Crops
• Field Crops
• Other Crops

Usage Covered:

• Pheromone Lures
• Pheromone Traps

Applications Covered:

• Mating
• Disruption
• Mass Trapping
• Monitoring
• Detection
• Other Applications

End Users Covered:

• Agriculture
• Forestry
• Horticulture
• Stored Product Protection
• Animal Husbandry
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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