Integrated Pest Management Market to Grow with a CAGR of 6.21% through 2028
Increasing consumer demand for organic &
residue-free crops and rapid growth in the agriculture industry is expected to
drive the Global Integrated Pest Management Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Integrated
Pest Management Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Integrated Pest Management
Market stood at USD
23.54 Billion in 2022 and is anticipated to grow with a CAGR of 6.21% in the forecast
period, 2024-2028. The growth of the Global Integrated Pest Management (IPM)
Market is influenced by a variety of key factors. The rising awareness about
the harmful impacts of synthetic chemical pesticides on the environment and
human health is a significant driver.
Technological advancements and the development of
pest-resistant genetically modified crops also foster market growth. In
addition, supportive government policies and regulations promoting safer pest
control methods are contributing to the expansion of the IPM market. Moreover,
the need for sustainable farming practices to meet the growing global demand
for food is a compelling factor.
Browse over XX market data Figures spread
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Pest Management Market.”
The global Integrated Pest Management (IPM) market is
experiencing significant growth due to a multitude of driving factors. One of
the key drivers is the growing concern over the detrimental impact of chemical
pesticides on the environment and human health. As a result, there has been an
increased adoption of IPM techniques, which offer a more sustainable and
environmentally friendly approach to pest management. Governments worldwide are
recognizing the importance of IPM and are providing financial incentives and
regulatory support to promote its use in agriculture. This further propels the
growth of the IPM market as more farmers and agricultural practitioners embrace
these techniques. Additionally, governments are investing in research and
development to enhance the effectiveness of IPM strategies and support the
transition towards sustainable farming practices.
Furthermore, the rising global demand for organic food
has created a strong market for IPM. Organic farming relies heavily on IPM
practices to ensure the health and well-being of crops without the use of
synthetic chemicals. As consumers become more conscious of their food choices,
the demand for organic produce continues to grow, driving the need for
effective IPM solutions. Moreover, the inclusion of IPM practices in organic
certification standards further reinforces the importance of IPM in the organic
food industry.
In addition to environmental and consumer demands, the
urgency to adopt sustainable farming practices in the face of climate change is
accelerating the adoption of IPM strategies. IPM offers a holistic approach to
pest management, focusing on prevention, monitoring, and targeted control
methods. By reducing reliance on chemical pesticides and embracing more
sustainable practices, farmers can mitigate the adverse effects of climate
change on crop production. This not only promotes environmental sustainability
but also helps ensure food security in the long run. With ongoing research and
technological advancements in pest management, the effectiveness of IPM
techniques continues to improve. Innovations such as precision agriculture,
remote sensing, and data analytics are being integrated into IPM systems,
allowing for more efficient and precise pest control. These advancements not
only enhance the efficacy of IPM but also contribute to reducing the overall
environmental impact of agricultural practices.
As the world recognizes the importance of sustainable
and eco-friendly solutions, the demand for IPM will only continue to grow,
making it a crucial component of the future of agriculture. With increasing
awareness of the benefits of IPM and its positive impact on the environment,
farmers and agricultural stakeholders are actively seeking IPM solutions to
address pest challenges while minimizing the use of chemical pesticides. The
continuous development and adoption of IPM strategies will play a vital role in
ensuring the long-term sustainability and resilience of global food production
systems.
The Global Integrated Pest Management Market is
segmented into pest type, control method, application, regional distribution,
and company.
Based on application, the Agricultural sector is
currently dominating the Global Integrated Pest Management (IPM) Market. This
dominance is primarily attributed to the widespread use of IPM solutions in
farmlands to effectively protect crops from a wide range of pests, including
mollusks, insects, and rodents. Agricultural activities, being highly
vulnerable to pest attacks, often result in significant economic losses.
Farmers, recognizing the detrimental impact of these losses, are increasingly
adopting IPM solutions as a strategic approach to mitigate risks, secure food
supplies, and maximize overall productivity. This high adoption rate in the
agricultural sector not only reinforces its leadership position in the market
but also highlights the industry's commitment to sustainable and
environmentally-friendly practices.
Based on region, North America is dominating the
Global Integrated Pest Management (IPM) Market due to several pivotal factors.
The region has a vast agricultural sector, which necessitates the extensive use
of pest management solutions, including molluscicides, for maintaining crop
health and productivity. Additionally, the presence of well-established
aquaculture industries that heavily rely on molluscicides for controlling
mollusk populations in water bodies also bolsters the market. Furthermore,
heightened awareness about the harmful effects of chemical pesticides and
growing demand for safer, environmentally-friendly alternatives have
accelerated the adoption of IPM practices. Government initiatives and policies
in North America actively promote education and adoption of such pest control
solutions, thereby fueling market growth. Lastly, the region is home to
numerous leading pest management companies, whose innovative solutions and
extensive research and development activities contribute significantly to the
dominance of North America in the global IPM market.
Major companies operating in Global Integrated
Pest Management Market are:
- Bayer CropScience LLC
- BASF SE
- Advanced Integrated Pest Management
- Integrated Pest Management, Inc.
- SGS SA
- Ecolab Inc.
- IPM Technologies Pty Ltd.
- Integrated Pest Management Solution
(IPMS India)
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“The global Integrated Pest Management (IPM) market is
projected to exhibit robust and sustained growth in the foreseeable future.
This is primarily driven by the increasing need to curb pest-related
agricultural losses and maintain food security in the face of growing global
population and changing climatic conditions. The heightened demand for
eco-friendly and sustainable alternatives to traditional pest control methods,
such as chemical pesticides, also contributes significantly to the growth of
the IPM market. Furthermore, ongoing innovations and advancements in pest
management technologies, including the development of precision agriculture
techniques and the use of artificial intelligence in pest monitoring and
control, are expected to further bolster the growth of the IPM market. These
advancements enable farmers and agricultural professionals to make data-driven
decisions and optimize pest management practices for maximum efficiency and
effectiveness. The global IPM market is poised for remarkable growth due to the
increasing need for sustainable pest management solutions, advancements in
technology, and supportive government policies. The adoption of IPM strategies
offers a promising approach to manage pests while ensuring the long-term
sustainability of agriculture and food production effectively and responsibly.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Integrated Pest Management Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Pest Type (Weeds, Invertebrates, Pathogens,
Vertebrates), By Control Method (Biological Control, Chemical Control, Cultural
Controls, Mechanical & Physical Controls, Others), By Application
(Agricultural, Residential, Commercial, Industrial), By Region and Competition”, has evaluated
the future growth potential of Global Integrated Pest Management Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Integrated Pest Management Market.
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