Portland, OR, Jan. 27, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global integrated pest management (IPM) market generated $17.8 billion in 2021, and is estimated to reach $34.0 billion by 2031, witnessing a CAGR of 6.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $17.8 Billion |
| Market Size in 2031 | $34.0 Billion |
| CAGR | 6.7% |
| No. of Pages in Report | 243 |
| Segments Covered | Control Method, Pest, Application, and Region |
| Drivers | Wide applications of IPM in various industries such as agricultural, residential and others |
| The rising adoption of biological control methods | |
| Rising demand for integrated pest management from the agricultural sector | |
| Opportunities | Adoption of Artificial Intelligence (AI) and the Internet of Things (IoT) based pest control |
| Restraints | Higher prices associated with integrated pest management |
Covid-19 Scenario:
- The outbreak of the Covid-19 pandemic affected the integrated pest management market positively.
- This is due to the growing need for pest control along with the rising demand for extending shelf life of fruits and vegetables. These factors had a considerable impact on the integrated pest management market.
The report offers a detailed segmentation of the global integrated pest management (IPM) market based on control method, pest, application, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on control method, the pathogen and weed segment held the largest share in 2021, accounting for nearly half of the global integrated pest management (IPM) market, and would rule the roost through 2031. However, the biological segment is estimated to witness the fastest CAGR of 7.2% during the forecast period. The report also discusses the chemical segment.
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Based on pest, the invertebrates segment held the largest share in 2021, capturing around three-fifths of the global integrated pest management (IPM) market, and would lead the trail through 2031. The others segment, however, is estimated to witness the fastest CAGR of 7.2% during the forecast period. The report also discusses the vertebrates segment.
In terms of application, the industrial segment captured the largest market share of over two-fifths in 2021 and is expected to lead the trail during the forecast period. The agricultural segment, on the other hand, is likely to achieve the fastest CAGR of 7.0% through 2031. The report also analyzes the residential segment.
Based on region, the market in North America was the largest in 2021, accounting for nearly half of the global integrated pest management (IPM) market share, and is likely to maintain its leadership status during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 7.2% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.
Leading players of the global integrated pest management (IPM) market analyzed in the research include Bayer Crop Science AG, AgBiTech, AgrichemBio, Hercon Environmental, Oxitec, BASF SE, Rentokil Initial Plc, Sumitomo Chemical Co., Ltd., FMC Corporation, and ADAMA Ltd.
The report analyzes these key players of the global integrated pest management (IPM) market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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