LONDON, Oct. 11, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the integrated pest management (IPM) market, an increase in the pest population owing to climate change is expected to propel the growth of the integrated pest management market going forward. The physiology and metabolism of insects are regulated by temperature. The metabolic rate increases as temperature rises because of increased physiological activity. That leads insect herbivores to consume more and grow more quickly because insects need to eat more to survive. Chemical and nonchemical methods are used in integrated pest management to prevent and control pest populations from reaching economically destructive levels. For instance, according to the United State Census Bureau, in 2021, out of the 124 million occupied dwelling units in the US, nearly 14 million people reported seeing roaches in their houses in the year 2021. Therefore, it is anticipated that rising temperatures will result in an increase in insect populations, which will fuel the growth of the integrated pest management market.
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The global integrated pest management (IPM) market size is expected to grow from $105.11 billion in 2021 to $116.04 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The global integrated pest management (IPM) market size is expected to grow to $153.31 billion in 2026 at a CAGR of 7.2%.
New product innovations have emerged as the key trend gaining popularity in the integrated pest management market. The major companies operating in integrated pest management are focusing more on new product innovations that can be used in agriculture fields to relieve farmers from various destructive pests and to protect their yield. For instance, in November 2020, Syngenta AG, a Switzerland-based agricultural science and technology company, launched Spiropidion, a new insecticide active ingredient. It is a cutting-edge new insect control technique that will assist farmers in effectively and sustainably defending their crops against destructive sucking pests. Spiropidion gives farmers a new tool for Integrated Pest Management (IPM) programs because it is safe for naturally occurring beneficial insects and pollinators. Spiropidion is the outcome of chemistry-driven innovation within a rare family of insecticides that protects the entire plant body from assault by harmful sucking pests, thus safeguarding crop quality, yields, and the farmers' way of life. Spiropidion benefits crops from the inside.
Major players in the integrated pest management (IPM) market are BASF SE, Shin'etsu Kagaku Kogyo kabushiki kaisha, IPM Pest Control, SGS SA, Bayer CropScience Ltd, Ecolab Inc, IPM Technologies Pty Ltd, Hercon Environmental Corporation, Suterra LLC, AgBiTech, Russell IPM, AgrichemBio, Atlas Agro Products Pvt Ltd, Laboratorio Agrochem, Agrisense BCS Ltd, and Atgc Biotech Private Limited.
The global integrated pest management (IPM) market segmentation is categorized by pest type into weeds, invertebrates, pathogens, vertebrates; by control method into biological control, chemical control, cultural controls, mechanical and physical controls, others; by application into agriculture, commercial buildings, industrial, residential, others.
North America was the largest region in the integrated pest management (IPM) market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global integrated pest management (IPM) market in the forecast period. The regions covered in the integrated pest management (IPM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Integrated Pest Management (IPM) Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide integrated pest management (IPM) market overviews, integrated pest management (IPM) market analyze and forecast market size and growth for the whole market, integrated pest management (IPM) market segments and geographies, integrated pest management (IPM) market trends, integrated pest management (IPM) market drivers, integrated pest management (IPM) market restraints, integrated pest management (IPM) market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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