The Integrated Pest Management (IPM) by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Integrated Pest Management (IPM), The integrated pest management (ipm) market size has grown strongly in recent years. It will grow from $124.96 billion in 2023 to $134.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to environmental concerns, regulatory pressures, consumer demand, cost savings.
The integrated pest management (ipm) market size is expected to see strong growth in the next few years. It will grow to $184.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to climate change impact, global food security concerns, collaborative initiatives, . Major trends in the forecast period include technology advancements, market expansion, biological control methods, digital agriculture integration, crop-specific ipm solutions, biotechnology innovations, focus on non-chemical alternatives, certification programs.
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 integrated pest management (ipm) market covered in this report is segmented –
1) By Pest Type: Weeds, Invertebrates, Pathogens, Vertebrates
2) By Control Method: Biological Control, Chemical Control, Cultural Controls, Mechanical and Physical Controls, Other Control Methods
3) By Application: Agriculture, Commercial buildings, Industrial, Residential, Other Applications
Major companies operating in the integrated pest management market are developing innovative products such as professional pest management solutions to meet larger customer bases, more sales, and increase revenue. A professional pest management solution refers to a comprehensive and specialized service provided by trained and certified pest control professionals or companies to address and manage pest infestations in residential, commercial, agricultural, or industrial settings. For instance, in September 2023, Neogen Corporation, a US-based food safety company, launched SureKill Evolve SC. SureKill Evolve SC stands out as a suspension concentrate insecticide renowned for its exceptional performance in swiftly knocking down a wide range of targeted pests and providing extended residual control. These pests include but are not limited to ants, bedbugs, cockroaches, fleas, flies, silverfish, spiders, and various others. This remarkable product incorporates the industry-standard active ingredient, deltamethrin, which makes it suitable for extensive outdoor applications. Notably, SureKill Evolve SC delivers a remarkable up to 90 days of sustained control over the mentioned pests in both residential and commercial structures. SureKill Evolve SC is a flexible and user-friendly solution, rendering it a top pick for pest control experts. The product’s labeling permits applications in a wide array of settings, encompassing residential structures and buildings, even in sensitive areas such as kitchens and facilities involved in food and feed management..
The integrated pest management (ipm) market report table of contents includes:
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