A research study titled, “Integrated Pest Management (IPM) Pheromones Market by product, pheromone, pest, application and end user – global industry analysis and forecast to 2022” published by crystal market research.
Some of the prominent players in this market are International Pheromone Systems IPS, Pheromone Chemicals, Novagrica SA, Suterra LLC, AgriSense BCS Ltd and Indore Biotech Inputs and Research Pvt. Ltd.
Major companies in this market have accounted patents for pheromones extraction, detection, manufacturing and control of traps. Companies like Shin-Etsu Chemicals and Suterra LLC possess three allotments each in their credit, while ISCA Technologies in the United States lately introduced a new formulation known as Specialized Pheromone & Lure Application Technology (SPAT).
Industry Trend Analysis
The Integrated Pest Management (IPM) Pheromones market was valued around USD 1.82 billion in 2014 and is expected to reach estimated USD 2.78 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 4.74% during the forecast period.
The global Integrated Pest Management (IPM) pheromones market is anticipated to encounter significant growth on account of rising demand in countries with high birth ratio like Africa and Asia Pacific. Surging population will lead to increased consumption of food ascending the requirement for more agriculture profits. Additionally, growing awareness in regard with the effects of pesticides has led to more number of farmers implementing tenable Integrated Pest Management programs. These factors are anticipated to boost the IPM pheromones market over the estimated time frame. With the aim of enhancing the development, utilization and registration pheromones and other semiochemicals for reducing insects, the Organization for Economic Co-operation and Development Working Group on Pesticides (WGP) created guidance and motive for particular requirements of such pest control products.
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Market Segmentation- Integrated Pest Management (IPM) Pheromones Market
By Product Type
By Pheromone Type
By Pest Type
By End User
Detection & monitoring
Integrated Pest Management (IPM) Pheromones Market -By Region:
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
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Product Outlook- Integrated Pest Management (IPM) Pheromones Market
The largest product segment was Sex pheromones that registered for 64.8 percent share of the global market. Sex pheromones are extensively utilized for reducing insect growth in the fields. These are viewed as best for bug control as they are utilized for mating disturbance consequently reducing multiplication of insects on products and trees. Sex pheromones are majorly retrieved from female insects with the aim of attracting males for the purpose of mating therefore dropping the eggs on the crops. These insects then feed on the crops which results in the destruction of the crops. Interruption in copulating is a very persuasive Integrated Pest Management module that involves distributing huge amounts sex pheromone over the area of the crop and restraining the ability of males to spot females for the purpose of mating.
Regional Outlook – Integrated Pest Management (IPM) Pheromones Market
The biggest regional market for pheromones utilized for Integrated Pest Management programs was North America that registered for more than 50 percent of the total share on account of growing agriculture in the United States and Canada. Asia Pacific is anticipated to encounter swift growth because of the existence of agriculture based countries that includes India. The market is anticipated to boost owing to the tenable property of pheromones and rising implementation of Integrated Pest Management programs in developing countries like Russia, India and Brazil. Latin America is anticipated to observe growth on account of increasing agriculture production in the countries like South America.
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