Integrated Pest Management (IPM) Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Integrated pest management (IPM) refers to an ecosystem-based approach that emphasizes long-term pest avoidance or damage reduction using a variety of methods, including biological control, habitat management, alteration of cultural practices, and the use of resistant cultivars. It encourages strong buildings, flourishing plants, and environmentally friendly, bio-based pest control options.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

North America was the largest region in the integrated pest management (IPM) market in 2023. Asia-Pacific is expected to be the fastest-growing region 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, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the integrated pest management (ipm) market report are BASF SE, Shin-Etsu Chemical Co. Ltd., Integrated Pest Management Inc., Société Générale de Surveillance SA, Bayer CropScience Limited, Ecolab Inc., Hercon Environmental Corporation, Suterra LLC, AgBiTech Pty Ltd., Russell IPM Ltd., AgrichemBio, Atlas Agro Products Pvt Ltd, Laboratorio Agrochem SRL, Atgc Biotech Private Limited, Agrisense BCS Ltd., Syngenta Group Co. Ltd., Corteva Agriscience, Gansu Dunhuang Seed Group Co. Ltd., FMC Corporation, Sumitomo Chemical Co. Ltd., ADAMA India Pvt Ltd., Nufarm Limited, Valent BioSciences LLC, Certis USA LLC, BioWorks Inc., Koppert Biological Systems, ISCA Technologies Inc., BioTEPP Inc., Vestaron Corporation, Andermatt Biocontrol AG, Marrone Bio Innovations Inc., BioSafe Systems LLC, Dow AgroSciences LLC, E. I. du Pont de Nemours and Company

The integrated pest management (ipm) market report table of contents includes:

1. Executive Summary

2. Integrated Pest Management (IPM) Market Characteristics

3. Integrated Pest Management (IPM) Market Trends And Strategies

4. Integrated Pest Management (IPM) Market – Macro Economic Scenario

5. Global Integrated Pest Management (IPM) Market Size and Growth

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31. Global Integrated Pest Management (IPM) Market Competitive Benchmarking

32. Global Integrated Pest Management (IPM) Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Integrated Pest Management (IPM) Market

34. Integrated Pest Management (IPM) Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

BASF SE

Shin-Etsu Chemical Co. Ltd

Integrated Pest Management Inc

Société Générale de Surveillance SA

Bayer CropScience Limited

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