What is the global market size of the Integrated Pest Management Pheromones Market?

Global Integrated Pest Management Pheromones Market size was valued at USD 117.01 billion in 2021 and is poised to grow from USD 127.46 billion in 2022 to USD 238.62 billion by 2030, growing at a CAGR of 9.2% in the forecast period (2023-2030).

Global Integrated Pest Management Pheromones Companies

Global Integrated Pest Management Pheromones Market Competitive Landscape

Integrated Pest Management Pheromones Market Top Player's Company Profiles

• BASF SE
• Syngenta AG
• Bayer AG
• DowDuPont Inc.
• FMC Corporation
• Sumitomo Chemical Co., Ltd.
• Shin-Etsu Chemical Co., Ltd.
• Suterra LLC
• Russell IPM Ltd.
• Isagro S.p.A.
• Trécé, Inc.
• Pherobank B.V.
• Bedoukian Research, Inc.
• Bioline AgroSciences Ltd.
• Certis Europe BV
• Koppert Biological Systems
• Scentry Biologicals, Inc.
• CBC (Europe) S.r.l.
• ATGC Biotech Pvt. Ltd.
• Agrisense BCS Ltd

Integrated Pest Management Pheromones Market

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Integrated Pest Management Pheromones Market size was valued at USD 117.01 billion in 2019 and is poised to grow from USD 127.46 billion in 2023 to USD 238.62 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

Global Integrated Pest Management Pheromones Market is fragmented and competitive due to the presence of major players. To maintain a competitive edge and increase their market position in the worldwide integrated pest management market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint ventures, alliances, and partnerships. Key players include Syngenta Bioline, Russell IPM, Sumi Agro France, Hercon Environmental and Active IPM. Leading companies are using innovative production processes to meet the rising demand from various end users in the nutraceutical excipients market. Another important tactic used by market participants to stay ahead of the curve is portfolio expansion. 'BASF SE', 'Syngenta AG', 'Bayer AG', 'DowDuPont Inc.', 'FMC Corporation', 'Sumitomo Chemical Co., Ltd.', 'Shin-Etsu Chemical Co., Ltd.', 'Suterra LLC', 'Russell IPM Ltd.', 'Isagro S.p.A.', 'Trécé, Inc.', 'Pherobank B.V.', 'Bedoukian Research, Inc.', 'Bioline AgroSciences Ltd.', 'Certis Europe BV', 'Koppert Biological Systems', 'Scentry Biologicals, Inc.', 'CBC (Europe) S.r.l.', 'ATGC Biotech Pvt. Ltd.', 'Agrisense BCS Ltd.'

The market is expected to be positively impacted by the growing need to increase agricultural production, supportive government initiatives, reforms, and policies, growing public awareness of the benefits of IPM pheromone technologies, and growing public concern over the potential health risks of synthetic pesticides. Pheromones are in greater demand in the agricultural sector because of characteristics including biodegradability, non-toxicity to humans, long-term effects, and extensive area coverage. These elements support the growth of the IPM pheromones industry globally. The global IPM pheromones market is fueled in part by end-use sectors like horticulture and storage facilities. The use of IMP pheromones is growing worldwide thanks in part to a trade association called International Biocontrol Manufacturers Association.

The pest control industry is continually looking for new products and technology that will improve how we manage and avoid pests. The IPM is a proactive strategy to pest control that focuses on proactive measures like facility maintenance and cleanliness to prevent pests. It is now generally accepted in many industries as the standard for service. Biorational materials are comparatively non-toxic and have negligible environmental effects. The University of California researchers claim that the "pheromone-assisted approach" significantly increases the efficacy of pesticides, particularly for Argentine ants. Pheromones are used to improve products that reduce pests like ant species and lessen their negative effects on the environment, non-target animals, and human health. As a result, the market participants have significant growth prospects because of technological advancements in various forms of IPM.

North America region dominated the market of Global Integrated Pest Management Pheromones Market share in 2021. The region's agricultural sector appears to be seeing an increase in demand for IPM pheromones as farming has become increasingly mechanised and relies on an integrated system to assist agribusinesses. Improved agricultural technology including IPM, chemical and biological fertilisers, and grain elevators are now being used by farmers in North America. Many farmers have been forced to implement integrated pest management programmes for crop protection due to the growing demand for efficient pest management strategies to develop specialty crops.

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