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Integrated Pest Management Market is forecast to reach $129 billion by 2025, growing at a CAGR of more than 5.9% during 2020-2025. The rising concern about toxicity on the environment, significantly enhancing the growth of the integrated pest management industry. The factors such a IPM program, a significant approach which are used to resolve weed, insect, and disease problems, and also prevent them from damaging crops, harming the animals, and infesting buildings have become an significant factor to get higher approach in agriculture sector, also leads the market in upcoming years.
Key Takeaways
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By Pest Type – Segment Analysis
Invertebrates emerged as the largest segment followed by weeds, pathogens, and vertebrates in 2019. Climate change and rising temperature are expected to be the main factor in invertebrate growth. Invertebrates is typically the prostitution of the family, including bees, cockroaches, flies and caterpillars. They will harm household agriculture, resulting in human health and ecosystem becoming polluted. The IPM method and education will help mitigate the risk of contamination for invertebrates by reducing the use of pesticides and increasing efficiency.
By Control Method – Segment Analysis
The class of Biological Control Approach is predicted to be the fastest growing classification over the forecast period described above. To monitor the pest and its destruction, it uses natural enemies. Nematodes, insects, invertebrates, pests of plants and vertebrates have many natural enemies used in this strategy. This method is often directed against the insect which is not indigenous to the geographical area. Various firms on the market invest in the development of different crop types of products and approaches to control the problems caused by insects and different diseases. The use of different products and methods is expected to boost application control approaches in the segment instead of harmful chemicals to protect crops against pests.
By Application – Segment Analysis
In 2019, the agricultural segment is dominating the Integrated Pest Management market. In the automotive industry, passenger vehicles and commercial vehicles power the demand for high-performance Integrated Pest Management. Integrated Pest Management is commonly used in the automotive industry for numerous auto parts such as wheel bearings, springs, universal joints, axes, cables, and switches owing to its outstanding properties such as heat sensitivity, structural strength, antioxidants, and water resistance.
Geography – Segment Analysis
North America lead the integrated pest management market in 2019 with the share of 37%. Global players’ involvement and continuing investment by these players in new product development are the primary factors for regional growth. The regional market, though, is at maturity. It is expected that the strict regulations on the use of different control approaches in the region will restrict the use of certain control methods. Germany mirrored the overall market in North America in 2019. Germany and UK are the majors market in the region. During the forecast period, Asia Pacific is predicted to have the highest market growth. Growth in the agricultural, commercial and residential sectors, coupled with technology advancement, is projected to drive the regional market over the next eight years, particularly in countries such as China, India, and Japan.
Drivers – Integrated Pest Management Market
The demands of a growing world population for food and fiber have increased the demand of integrated pests’ management.
The demands for food and fiber from a growing world population require farmers to produce more crops on existing farmland. To increase these yields, agricultural technologies need to be continuously improved to minimize crop losses. The challenge, while protecting the environment, is to do this. Integrated Pest Management have become an integral part of the solution. Long-term, sustainable agriculture, which enables effective, secure and quality food production, enhances farmers’ livelihoods, and conserves non-renewable resources, is rapidly being embraced in both developed and developing countries.
Market Landscape
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Integrated Pest Management market. In 2019, the market of Integrated Pest Management has been consolidated by the top five players accounting for xx% of the share. Integrated Pest Management top 10 companies are IPM Pest Control, SGS SA, MB Integrated Pest Control, BASF SE, Advanced Integrated Pest Management, Bayer CropScience LP, Ecolab Inc., IPM Technologies Pty Ltd, and Integrated Pest Management Solution (IPMS India), among others.
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