Rising demand to maximize the agricultural yield and strict regulations by the leading authorities is expected to drive the demand for a globally integrated pest management market in the forecast period. According to TechSci Research report, “Global Integrated Pest Management Market By Pest Type (Weeds, Invertebrates, Pathogens, Vertebrates) By Control Method (Biological Control, Chemical Control, Cultural Controls, Mechanical & Physical Controls, Others) By Application (Agricultural, Residential, Commercial, Industrial) By Region, Company Forecast & Opportunities, 2026”, the globally integrated pest management market is expected to witness significant growth in the forecast period.
The Important Factors of the Global Integrated Pest Management Market
Integrated pest management, which is also known as integrated pest control is a process used for minimizing the pest problems in agricultural yield to prevent them from damaging crops, harming animals, or infesting buildings. The integrated pest management method aims to manage the pest population below the economic injury level. It helps in maximizing the agricultural yield by efficiently managing the external factors negatively impacting the growth of the market. Integrated pest management methods can be sued to solve the insect problem in rural-urban or agricultural areas. The integrated pest management method is based on information about insects and sites and is made on the basis of their population density, location or area, type, and prevention goals for insects. The growing awareness among consumers about the losses suffered by the commercial and industrial sectors due to the presence of pests is expected to fuel the market demand in the next five years.
However, a lack of information about the integrated pest management market may restrain the market growth in the forecast period.
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The globally integrated pest management market is segmented into pest type, control method, application, regional distribution, and company. Based on the application, the market can be divided into agricultural, residential, commercial, and industrial. The agriculture segment is expected to account for a major market share in the forecast period, 2022-2026 owing to the high-end investments by the market players for the development of different approaches to increase the agricultural yield. Based on the pest type, the market can be divided into weeds, invertebrates, pathogens, and vertebrates. The invertebrate segment is expected to witness growth in the forecast period. The foremost step of the integrated pest management method is the identification of the pest and the analysis of the situation based on the different factors. The factors aiding the growth of the pests can be soil moisture, temperature, and cultural practice performed on the field. Based on the control method, the market can be divided into biological control, chemical control, cultural controls, mechanical & physical controls, and others. The chemical control method is expected to account for a major market share in the forecast period. The rise in awareness about the adverse effects of pesticides and the stringent regulation regarding their usage is expected to boost the market growth. The biological control method segment is expected to witness the fastest incremental growth in the next five years. This method uses the natural enemies of the pests and releases the natural enemies into the field to provide protection to the agricultural field from getting affected by the pests.
The Major competitors of the Global Integrated Pest Management Market
- Bayer CropScience LLC
- BASF SE
- Advanced Integrated Pest Management
- Integrated Pest Management, Inc.
- SGS SA
- Ecolab Inc
- IPM Technologies Pty Ltd, and Integrated Pest Management Solution (IPMS India) are the leading players operating in the globally integrated pest management market. Organic farming providers are increasingly focusing on research and development processes to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several integrated pest management providers are coming up with technologically advanced offerings.
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“The growing food requirements around the globe and the rise in the adoption of advanced methods to influence the agricultural yield by minimizing agricultural losses are expected to fuel the market growth. The high demand to achieve sustainable agricultural practices along with effective and quality food production and to devise a way to ensure the conservation of non-renewable resources are expected to create lucrative opportunities for market growth. Therefore, the surging demand for environment-friendly and sustainable alternatives and the development of creative pest control technologies is expected to propel market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Integrated Pest Management Market By Pest Type (Weeds, Invertebrates, Pathogens, Vertebrates) By Control Method (Biological Control, Chemical Control, Cultural Controls, Mechanical & Physical Controls, Others) By Application (Agricultural, Residential, Commercial, Industrial) By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of globally integrated pest management market and provided statistics & information on market size, shares, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the globally integrated pest management market.
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