Integrated Pest Management (IPM) Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Sex Pheromones, Aggregation Pheromones, Alarm Pheromones, and Others), By Function (Monitoring and Detection, Mating Disruption, Mass Trapping, and Others), By Application (Field Crops, Vegetable Crops, and Others), and Region Forecat 2019-2030

The integrated pest management market size was valued at US$ 16,729.1 million in 2023 and is projected to reach a value of US$ 25,488.5 million by 2030, at a CAGR of 6.2% from 2024-2030. Moreover, the U.S. integrated pest management market is projected to grow significantly, reaching an estimated value of US$ 10,004.0 million by 2032.

The main driving factor for the market is the growing demand for sustainable agriculture practices and decreasing reliance on chemical pesticides. Growing awareness of the environmental and human health implications of traditional methods of pest control would remain another growth booster for the adoption of IPM strategies. The market does, however, face certain barriers like the increased upfront investment to establish IPM systems as well as insufficient knowledge about these practices among several farmers. Innovations in technology, like precision agriculture and biological control, which improve the effectiveness of IPM provide opportunities for the market. Other factors include support from government policies and regulations encouraging environmentally friendly solutions for pest management, which further expand the growth opportunities of the market, and the area that holds significant innovation in sustainable agriculture.

Key Players

The most important players in the IPM market are some major agricultural firms, including BASF and Syngenta, which offer a range of sustainable pest control solutions such as biological products and environmentally friendly pesticides. Dow AgroSciences is another major player concentrated on innovative pest management technologies, from classic to modern combinations. This includes research and development on genetically modified crops resistant to pests at Monsanto, now part of Bayer. Another key industry player is ADAMA Agricultural Solutions, with the aim of affordable and effective management of pests. No mention can be made of the industry without FMC Corporation.

The top three companies in the IPM market are BASF, Syngenta, and Bayer CropScience. BASF leads through its research in sustainable pest management through the development of novel biological products and eco-friendly pesticides. Syngenta focuses on sustainable agriculture through a wide range of pest control products that may include integrated chemical and biological methods with the aim of effective and reduced negative environmental impact. Bayer CropScience plays another important role as this firm offers integrated pest management solutions that enhance crop yields and reduce chemical dependency. These companies are strategic players in promoting IPM within the agricultural sector through sustainability and research activities.

Key Takeaways

• The North America region is reportedly the largest market
• The Asia-Pacific region is the fastest-growing market
• Based on the Product, sex pheromones segment holds xx% market share
• Based on the Function Mass, trapping segment holds xx% market share
• Based on the Application, field Crops segment holds xx% market share

Facts & Figures

• January 2024: A report indicated that 78% of U.S. farmers were actively using Integrated Pest Management practices, highlighting a significant increase in adoption.
• July 2023: Government initiatives in the EU aimed at promoting sustainable agriculture allocated €400 million specifically for developing IPM technologies and training farmers
• October 2023: A survey indicated that 85% of farmers using IPM reported improved pest control effectiveness compared to traditional methods.

Key Developments

• In June 2023: ADAMA Agricultural Solutions launched a campaign to educate farmers about the benefits of IPM, emphasizing practical strategies for pest management without harmful chemicals.
• In March 2023: FMC Corporation expanded its portfolio of IPM solutions by acquiring a biopesticide company, enhancing its commitment to sustainable agricultural practices
• In January 2023: Dow AgroSciences launched a new research initiative focused on developing biocontrol agents as part of an IPM strategy to address pest challenges in organic farming.

Integrated Pest Management (IPM) Market Segmentation

By Product: In the IPM market, sex pheromones dominate the market, as they find widespread applications in pest control by preventing the mating of multiple insect pests. Their effectiveness also boosts demand from farmers towards ecofriendly management of pests. The second most important category is aggregation pheromones since they attract pests to traps or designated areas for monitoring and control. While alarm pheromones are one of the major types, used in managing social insects, ants, they are less commonly found.

By Function: The types of functions within the market can be divided into: Monitoring and Detection, Mating Disruption, Mass Trapping, and Others. The monitoring and detection segment held the highest share, as it allows for the detection of pest populations and an assessment of the impact caused by these pest populations on crops. Monitoring of pests, in turn, forms a basis for many farmers in decisions over techniques related to pest management. After that, the mating disruption segment comes: it is pheromone-based interference with pest mating behaviors, so cutting down on populations. A part played by the mass trapping segment comes in capturing large numbers of pests on traps, thus aiding control efforts. The Others category encompasses so many differing types of functions working in pest control and management.

By Application: In the application segment of the IPM market, there are field crops, vegetable crops, and others. Field Crops are currently dominating the market. This segment includes crucial staple crops like grains and cereals that support food production and comprises the gamut of farm crops under its umbrella. With the growing adoption of sustainable pest management practices, there is a trend among farmers today to adopt certain permutations of IPM strategies for these crops. Another segment of great importance is the vegetable crops because vegetables are high-value crops and perishable thus having critical demand for efficient pest control to reap maximum yield and quality. The others segment constitutes different niche markets, such as fruit crops and ornamental plants.