by The integrated pest management pheromones market is used widely to monitor and manage pest population levels below those causing economic injury in a manner that minimizes environmental, health, and social risks. Pheromones are chemicals produced by insects to communicate with other members of the same species. Pheromones help disrupt mating and reduce pest populations without harming non-target species or the environment. Key advantages of using pheromones include high selectivity as they target specific pest species, low risk to non-target organisms and human safety. Growing needs to curb pesticide usage and reduce dependence on chemical pest control is boosting demand for environmentally-friendly pest management approaches like integrated pest management pheromones.
The Global integrated pest management pheromones market is estimated to be valued at US$ 783.1 Mn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the integrated pest management pheromones are Russell IPM, Hercon Environmental Corporation, SemiosBIO Technologies, Shin-Etsu, Sumi Agro France, Syngenta Bioline Ltd., Trece, Inc., Active IPM, AgrichemBio, AgriSense-BCS Ltd., Laboratorio Agrochem, S.L., ATGC Biotech, and Atlas Agro.
Some of the key opportunities in the Integrated Pest Management Pheromones market demand include development of new types of traps and lures, expanding applicability across various crops and geographic regions, and partnerships with distributors and farmers for awareness generation.
The market is witnessing significant expansion across major geographies like North America, Asia Pacific and Europe on account of stringent regulatory environment regarding pesticide usage and growing organic farming.
Market Drivers
Stringent regulations pertaining to maximum residue limits of chemicals in food products is a key factor propelling demand for environment-friendly pest control alternatives like integrated pest management pheromones. Concerns over toxicity of agrochemicals and consumer demand for chemical-free foods is also fueling adoption of pheromone-based pest management methods. Sustainability initiatives by farmers to reduce dependence on agrochemicals and adopt eco-friendly practices augur well for future growth of the integrated pest management pheromones market.
PEST Analysis
Political: The use of pheromone products for pest management is regulated by various environmental agencies in different countries and regions in order to ensure safety. Companies must obtain necessary approvals and certifications before marketing and selling pheromone-based pest control solutions.
Economic: Rising agricultural production and the need to minimize crop losses due to pests is driving greater adoption of integrated pest management techniques including pheromone products. Their cost-effectiveness over conventional pesticides is boosting their popularity among farmers.
Social: Consumers are increasingly demanding food produced in a responsible and sustainable way. This is increasing focus on natural and eco-friendly pest control methods like pheromone use which do not harm the environment or human health.
Technological: Ongoing research and development is enhancing the effectiveness of various pheromone products through new formulations and delivery mechanisms. Precision agriculture techniques also allow for more targeted application of pheromones tailored to specific crops, fields and pest conditions.
Geographical regions with high market concentration Integrated Pest Management Pheromones Market Regional Analysis is concentrated in regions with large agricultural output and acreage under cultivation. North America represents a major chunk of the global market currently due to extensive fruit and vegetable farming across the US and Canada. Europe is another dominant region on account of various climate-suited crops grown in countries like Spain, Italy, France and Germany.
Fastest growing regional market
The Asia Pacific region is poised to witness the fastest growth in the integrated pest management pheromones market over the forecast period. This is driven by a rapidly expanding agriculture industry and rising food demand from a huge population in India and China. Government initiatives and guidelines promoting sustainable farming will further augment market growth rates across South and East Asian countries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn