Integrated Pest Management (IPM) Pheromones Market Share and Size, Demand, Revenue, Growth Drivers, Challenges, Trends Analysis, Future Opportunities and Forecast 2033: SPER Market Research
Pheromones are a crucial component of Integrated Pest Management’s (IPM) sustainable pest control approach. Insects employ pheromones, which are chemical messages, to communicate and mark their territory or for mating. Synthetic variants of these pheromones are deliberately used in IPM to sabotage pest behaviour and this can confuse pests, making it more difficult for them to find partners or food sources, and interfere with their reproductive cycles by imitating the communication patterns of natural insects. This focused strategy lessens the negative effects on the environment, protects beneficial insects, and slows the emergence of pesticide resistance. By preserving a balance between pests and their natural predators, the application of pheromones in integrated pest management also promotes biodiversity.
According to SPER market research, ‘Integrated Pest Management (IPM) Pheromones Market Size – By Type, By Usage, By Pest Usage, By Function, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Integrated Pest Management (IPM) Pheromones Market is predicted to reach USD 2.73 billion by 2033 with a CAGR of 10.22%.
The factors that are the main drivers of the IPM market are the growing awareness and the need for environmentally friendly pest management solutions, and the growing worries about food safety and the harmful impacts of synthetic pesticides. Moreover, farmers use IPM pheromones more frequently in order to reduce their ecological imprint, as sustainable agricultural methods gain importance. Additionally, through policy interventions and educational initiatives, governments across the globe are actively encouraging the adoption of IPM solutions, which is driving market expansion.
IPM pheromones have a lot of potential, however there are a few obstacles in the way of their broad use, such as little acceptance in emerging markets due to their steadfast reliance on conventional pesticides, developing countries show little uptake of IPM pheromones. Moreover, due to targeted efficacy – IPM pheromones are targeted – it might be difficult to effectively manage a variety of pest populations, which calls for ongoing study and development. Investment up front in a number of components is necessary for the implementation of IPM pheromone-based pest control programs and these upfront expenses can add up, especially for small-scale producers or farmers with tight budgets. This market size can also be hampered by the continuous costs of trap replacement, pheromone dispenser maintenance and replenishment, and constant monitoring and surveillance.
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The sudden onset of the COVID-19 epidemic hurt the global market. Strict lockdowns and other government measures implemented in the wake of the crisis caused industry closures and interfered with supply chain activities in multiple end-use verticals. Due to the growing panic buying and stockpiling, sales of perishable commodities were severely impacted, which had a detrimental influence on market revenues. Consequently, there have been multiple detrimental effects of the COVID-19 pandemic on the market for Integrated Pest Management Pheromones. One significant effect had been delays in the manufacturing and delivery of pheromone-based products due to disturbances in the global supply chain. Secondly, the pandemic’s financial impact had limited farmers’ and producers’ capacity to invest in IPM solutions, such as pheromone-based products, which hampered the market’s growth.
Integrated Pest Management (IPM) Pheromones Market Key Players:
The North American region dominates the market while the Asia-Pacific has excellent market growth prospects. Additionally, the key market players are AgBiTech, AGRICHEM, Atlas eStore., Atlas Agro AG., Bioline AgroSciences Ltd., harmony Ecotech Pvt. Ltd., and others.
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Integrated Pest Management (IPM) Pheromones Market Scope
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