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The IPM pheromones market share is expected to increase by USD 988.35 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.89%.
This IPM pheromones market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers IPM pheromones market segmentation by product (sex pheromone, aggregation pheromone, alarm pheromone, and oviposition deterring pheromone) and geography (North America, Europe, APAC, South America, and MEA). The IPM pheromones market report also offers information on several market vendors, including BASF SE, Bioline AgroSciences Ltd., BioPhero ApS, International Pheromone Systems Ltd., ISCA Inc., Laboratorio Agrochem SL, Russell IPM Ltd., SemiosBio Technologies Inc., Shin-Etsu Chemical Co. Ltd., and Trece Inc. among others.
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The potential role of IPM pheromones in controlling agricultural pests is notably driving the IPM pheromones market growth, although factors such as low adoption of IPM pheromones may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IPM pheromones industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key IPM Pheromones Market Driver
One of the key factors driving the IPM pheromones market is the potential role of IPM pheromones in controlling an agricultural pests. IPM pheromones are extensively used in the agriculture sector to prevent damage to crops and crop yields by pests. The growing population and increasing demand for food in mainly APAC and Africa are the major factors driving the growth of the agriculture sector. Moreover, consumer awareness about the negative effect of pesticides will also foster the growth of the IPM pheromone market in the agriculture segment. Furthermore, IPM pheromones are extensively used for three major functions, such as monitoring, mating disruptions, and mass trap. In addition, IPM pheromones are also applied in the agriculture field by studying the types of pests present in the area and their density in the region. Furthermore, the most important application of IPM is in monitoring. It helps farmers to gauge the presence or absence of pests in the monitored area. However, the most effective use of IPM pheromones in the agriculture industry is mating disruptions. This is highly used in the agriculture sector to reduce the population density of insects. Therefore, the rising adoption of IPM pheromones is expected to augment due to such functionalities in the next five years.
Key IPM Pheromones Market Trend
Government initiatives to promote IPM in the agriculture sector is another factor supporting IPM pheromones market growth in the forecast period. The IPM approach integrates corrective measures to keep away pests from causing significant crop loss. Therefore, several initiatives have been undertaken by government authorities to use advanced pest control solutions in the agriculture sector. For instance, in December 2019, the CFDA awarded $1.1 million funding in grants to three major IPM projects targeted at agricultural farms. Proactive Management of Avocado Seed and Stem Feeding Weevils; A proactive approach to prepare for the invasion of Tuta absoluta (a tomato leaf-mining pest) into California; and Detection, biology, and control of the exotic Swede midge (Contarinia nasturtii) for California cole crops are the three projects that received the grants for implementing IPM. Such initiatives by government authorities to promote the use of IPM will influence the growth of the market focus during the forecast period.
Key IPM Pheromones Market Challenge
Low adoption of IPM pheromones will be a major challenge for the IPM pheromones market during the forecast period. Even though the IPM technology using semi-chemicals such as pheromones is an ideal method of pest management, the adoption rate is quite low. This can be attributed to the lack of government policies favoring its adoption. In addition, the time needed for the eradication of pests using this technique is also unfavorable for its adoption. Also, IPM pheromone products are difficult to handle and are not suitable for different weather conditions. The IPM pheromone mechanism also involves monitoring and inspection in all stages, which makes the process complicated. The lack of proper training and technical support to farmers, coupled with fewer adoption incentives, poses a severe challenge to the global IPM pheromones market. These factors are also responsible for low adoption rates. therefore, the low adoption of IPM pheromones owing to these factors mentioned above can impede the growth in the global IPM pheromones during the forecast period.
This IPM pheromones market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global integrated pest management (IPM) pheromones as a part of the global fertilizers and agricultural chemicals market within the overall global chemical industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the IPM pheromones market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the IPM pheromones market encompasses successful business strategies deployed by the key vendors. The IPM pheromones market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The IPM pheromones market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the IPM pheromones market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global fertilizers and agricultural chemicals market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturer providers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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