Integrated Pest Management (IPM) Market Expected to be Valued at USD 151.0 billion by 2025
Author : Lopa Shree | Published On : 27 Apr 2021
The global Integrated Pest Management (IPM) market is anticipated to cross USD 151.0 billion by 2025. Integrated pest management is an approach toward preventing any harm done by pests in the farm. Integrated pest management industry is driven by factors such as rise in adoption of modern pest management approach and the rising concern for hazardous effects on environment and regulatory affairs.
Extensive farming and agricultural practices with an objective to produce more than three to four crops a year is gaining a wide traction, which, in turn, triggers the use of pest management to protect the crops from unwanted weeds and insects. The integrated pest management market is expected to gain a strong foothold during the forecast period owing to the rise in use of pesticides in commercial and residential sector.
Integrated pest management (IPM) industry is segmented into weeds, pathogens, invertebrates, pathogens, and vertebrates. By control, the integrated pest management (IPM) market is segmented into cultural, physical, chemical, and biological. Biological segment is expected to account for a significant market share in the forecast period due to change in environment.
Application segment for integrated pest management (IPM) industry includes agriculture, commercial and residential.“Agriculture” segment is expected to account for a higher CAGR in the forthcoming period due to rise in development of various pest control products for different crop type. Commercial sector is likely to gain a significant growth in the forthcoming period due to difference in usage and approach for different crops.
Geographical segmentation for integrated pest management market includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. Asia-Pacific’s market is expected to gain a positive traction in the forthcoming period due to increase in agricultural activities. North American and European markets are expected to gain an upward traction in the forthcoming period due to stringent regulations by government. Middle East and African countries have registered a remarkable CAGR in the past years and expects to continue witnessing a higher growth curve due to extensive farming in African regions and prevalence of insects and pests.
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The key players in the integrated pest management industry include BASF SE, Advanced Integrated Pest Management (IPM) market include BASF SE, SGS SA, MB Integrated Pest Control, Ecolab Inc, IPM Technologies Pty Ltd., and Bayer Crop Science LP.
Pest Type Outlook (Revenue, USD Million, 2014 - 2025)
Control Method Outlook (Revenue, USD Million, 2014 - 2025)
• Biological Control
• Chemical Control
• Cultural Controls
• Mechanical & Physical Controls
• Other Control Method
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