Market Overview
- The Global Pesticides Integrated Pest Management Market is expected to grow at a CAGR of 5.0% during the forecasting period (2020-2027).
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Market Dynamics
- Integrated Pest Management focuses on long-term prevention of pests or their damage. Pests cost billions of dollars each year due to damage to human health as well as crops & livestock. Insects are responsible for many deadly diseases. There were more than 216 million cases of malaria in 2016. Over one million people worldwide die from mosquito-borne diseases every year. Pests are also major threats to crop. Without preventive protection with pesticides, 70% of crops could have been lost to pests. Pesticides serve to destroy such unwanted agents as fungi, weeds, and insects that might otherwise destroy crops or reduce their output. In Commercial applications, clear roadways of weeds and shrubs, to kill invasive plants, or to control algae growth in bodies of water.
- Despite all this, Pesticides have seen slower growth in recent years due to the emphasis on the less generous use of pesticides due to their toxicity. Non-toxic and least toxic control products are a major growth area, and new products are increasingly available in the marketplace. The presence of residue in fruits & vegetables is causing the rapid adoption of non-toxic alternatives. Due to ecological consequences products that kill target pests only instead of broad-spectrum action are becoming more popular. Also, the pesticide compounds which take decades to break down are being discouraged heavily.
- Due to its biocidal effects & potential damage for the human health market is heavily regulated which restricts the number of players. Patents further contribute to the concentration of the market.
Segmentation Analysis
- Pesticides Integrated Pest Management market is segmented by Type, control type, and application. By Type, the market is segmented into Herbicide, Insecticide, Fungicide, Others. Herbicides account for the largest share of the market due to the large range of crop protection products.
- By control type, the market is divided into Physical, Chemical, Biological. Physical pest control refers to the use of physical methods such as directly killing them as well as nets, traps, or mineral oils to control pests. The chemical segment consists of natural chemicals that are toxic to the pest as well as highly toxic proprietary chemicals used to kill harmful pests. Chemical pesticides dominate the market despite toxicity due to fast action. As part of Integrated Pest Management, the use of chemical pesticides is discouraged. Biological pesticide makes use of certain organisms which have a predator-prey relationship with pest or certain bacteria or fungi which are toxic to pests. Due to regulations against chemical pesticides, biological pesticides are expected to grow at a faster pace during the forecast period.
- Pesticides are mainly used for agricultural purposes as crop protection products. Non-agricultural use includes residential & industrial applications for hygiene maintenance. By product type, pesticide products are divided into Patent, Proprietary off-patent, Post patent. Post patent products are dominating the market in the last few years due to a large number of patented pesticides going off-patent. The post-patent segment is very competitive & will continue to dominate due to many pesticides going off-patent during the forecast period. By status, pesticides are segmented into regular & organic-certified pesticides. The market share of organic-certified pesticides is expected to increase due to the increase in organic farming & the launch of many organic-certified pesticides. In October 2018, OmniLytics, Inc. announced that the EPA had approved two new bacteriophage products, AgriPhage™-Fire Blight and AgriPhage™-Citrus Canker which are approved by National Organic Program for use in organic agriculture.
Geographical Analysis
- By region, Pesticides Integrated Pest Management market is divided into Asia Pacific, Europe, North America, South America, and the Rest of the World. China is the largest consumer of pesticides due to owing to extensive agriculture & its status as the Industrial giant. The United States was the second-largest consumer of pesticides.
Competitive Landscape
- Few global players dominate pesticides Integrated Pest Management market due to strong regulatory hurdles & patent laws. The most prominent players in the Pesticides Integrated Pest Management market are Syngenta, Bayer, DowDuPont, BASF, ADAMA Agricultural Solutions, Nufarm Limited, FMC, Sumitomo Chemical, United Phosphorus Ltd, and Arysta LifeScience.
Key market segments covered
By Type
- Herbicide
- Insecticide
- Fungicide
- Others (Rodenticides)
By Control Type
- Physical
- Chemical
- Biological
By Application
- Agriculture
- Non-agriculture
By Product Type
- Patent
- Proprietary off-patent
- Post patent
By Status
- Regular
- Organic-Certified
By Region
- Asia Pacific
- Europe
- North America
- South America
- Rest of the World
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Felton, 20 Apr 2020 – 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.
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.
By control, the integrated pest management (IPM) market is segmented into cultural, physical, chemical, and biological.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/integrated-pest-management-ipm-market/request-sample Global Integrated Pest Management (IPM) Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
The global Integrated Pest Management (IPM) market size is expected to reach USD 178.27 Billion in 2028 and register a CAGR of 5.9% over the forecast period, according to the latest report by Reports and Data.
Major factors driving market revenue growth are increasing preference for organic farming and rising awareness of different diseases caused by harmful insects.
IPM approach is extensively used in various sectors such as industrial, agricultural, residential, commercial, and others.Some companies in the market include BASF SE, Shin-Etsu Chemicals, Advanced Integrated Pest Management, IPM Pest Control, Suterra LLC, MB Integrated Pest Control, Bayer CropScience LP, Ecolab Inc., IPM Technologies Pty Ltd, and Integrated Pest Management Solution.Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/3479Based on application, agricultural segment accounted for largest revenue share in the global market in 2020.
Rising need to control and prevent insects from damaging crops, and increasing demand for agricultural products are factors expected to boost revenue growth of this segment.By regional analysis, Europe accounted for second-largest revenue share in the global market in 2020.
Rising preference for organic farming and rapid technological development are some key factors expected to continue to drive revenue growth of the market in the region over the forthcoming years.Some Key Highlights From the Report:In May 2021, Oxitec launched Friendly, a genetically modified fall armyworm technology.
Rising concerns regarding the harmful effects of various diseases caused by invertebrates such as ants, flies, caterpillars, and, cockroaches would boost growth of this segment.Request For Customization: https://www.reportsanddata.com/request-customization-form/3479For the purpose of this report, Reports and Data has segmented Integrated Pest Management (IPM) market on the basis of pest type, control method, application, and region:Pest Type Outlook (Revenue, USD Billion; 2018-2028)InvertebratesWeedsVertebratesPathogensControl Method Outlook (Revenue, USD Billion; 2018-2028)BiologicalChemicalMechanical and PhysicalCulturalApplication Outlook (Revenue, USD Billion; 2018-2028)IndustrialAgriculturalResidentialCommercialOthersDownload Summary Report: https://www.reportsanddata.com/download-summary-form/3479Regional Outlook (Revenue, USD Billion; 2018-2028)North America Europe Asia Pacific Latin America Middle East & Africa Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3479In addition to corporate strategy, Liquid Filtration market throws light on different properties to curb the progress of fuel or industry.
