Integrated Pest Management (IPM) Global Market Report 2024

Integrated Pest Management (IPM) is an ecosystem-based approach that prioritizes long-term pest avoidance or damage reduction through a diverse range of methods. These methods include biological control, habitat management, adjustments to cultural practices, and the utilization of resistant cultivars. IPM aims to foster robust structures, thriving plants, and environmentally friendly, bio-based solutions for pest control.

The primary categories of Integrated Pest Management (IPM) focus on weeds, invertebrates, pathogens, and vertebrates. Weed management within IPM is employed to regulate unwanted plants in agricultural fields, parks, and various other locations. Weeds, which are plants growing in agricultural areas that are undesirable and impede the growth of cultivated crops, can affect overall yield. Control methods for weeds encompass chemical control, cultural controls, mechanical and physical controls, among others. These approaches find application in various sectors, including agriculture, commercial buildings, industrial settings, residential areas, and others.

The integrated pest management (IPM) market research report is one of a series of new reports that provides integrated pest management (IPM) market statistics, including integrated pest management (IPM) industry global market size, regional shares, competitors with integrated pest management (IPM) market share, detailed Integrated pest management (IPM) market segments, market trends and opportunities, and any further data you may need to thrive in the integrated pest management (IPM) industry. This integrated pest management (IPM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 expansion observed during the historical period can be attributed to factors such as environmental concerns, regulatory pressures, consumer demand, and the pursuit of cost savings in the context of Integrated Pest Management (IPM).

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 anticipated growth in the forecast period can be attributed to the impact of climate change, concerns about global food security, and collaborative initiatives in the field of Integrated Pest Management (IPM). Key trends expected in the forecast period include advancements in technology, the expansion of the market, the integration of biological control methods, the incorporation of digital agriculture, the development of crop-specific IPM solutions, innovations in biotechnology, a heightened focus on non-chemical alternatives, and the implementation of certification programs.

Climate change is expected to drive the growth of the integrated pest management market by causing an increase in pest populations. The physiological and metabolic processes of insects are influenced by temperature, with higher temperatures leading to increased metabolic rates and accelerated insect growth. This, in turn, results in higher consumption by insect herbivores. Integrated pest management employs both chemical and nonchemical methods to prevent and control pests, especially considering the potential economic damage. For example, in 2021, nearly 14 million people in the US reported encountering roaches in their homes, highlighting the need for effective pest management. The anticipated rise in temperatures is likely to further contribute to an upsurge in insect populations, fueling the integrated pest management market.

The global rise in temperatures is expected to have a positive impact on the integrated pest management market. Global temperature, representing the average atmospheric temperature over a specific period, influences the active season of pests. Elevated temperatures prolong the presence of pests, leading to increased damage to crops, structures, and landscapes. This heightened demand for pest management solutions is exacerbated by the fact that, according to a January 2023 report by NASA, global temperatures in 2022 were approximately 1.6 degrees Fahrenheit higher than the average recorded between 1951 and 1980. Moreover, the Earth's average temperature in 2022 was around 2 degrees Fahrenheit higher than the late 19th-century average. Consequently, the escalating global temperatures are a driving force behind the growth of the integrated pest management market.

Major players in the integrated pest management market are driving innovation by developing products like professional pest management solutions to expand their customer base, increase sales, and boost revenue. Professional pest management solutions are comprehensive services provided by trained and certified professionals to address pest infestations in various settings. For example, in September 2023, Neogen Corporation launched SureKill Evolve SC, a suspension concentrate insecticide known for its effective control of a wide range of pests. This product, featuring the industry-standard active ingredient deltamethrin, offers up to 90 days of sustained control in residential and commercial structures. The flexible and user-friendly nature of SureKill Evolve SC makes it a preferred choice for pest control experts, with applications permitted in sensitive areas such as kitchens and food and feed management facilities.

To meet growing customer demands and increase revenue, major companies in the integrated pest management market are focusing on developing innovative products such as those based on pheromones. Pheromone-based pest control products utilize chemical compounds to influence the behavior of specific pests. For instance, in March 2021, Bayer AG introduced Vynyty Citrus, a product combining pheromones and natural pyrethrum for pest control in citrus fruit cultivation. Pheromones play a crucial role in disrupting mating behaviors, effectively preventing pest reproduction. This innovation aligns with the industry's goal of providing environmentally friendly and effective pest control solutions.

In April 2022, Viking Pest Control, a US-based integrated pest management company, acquired Integrated Pest Management of Hammonton for an undisclosed amount. This strategic move aims to strengthen Viking Pest Control's product portfolio and market leadership in pest management. The acquisition also positions the company to deliver innovative and efficient pest control solutions to clients. Integrated Pest Management of Hammonton, also operating in integrated pest management, becomes part of Viking Pest Control through this acquisition.

Major companies operating in the 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

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

The countries covered in the integrated pest management (ipm) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The integrated pest management (IPM) market includes revenues earned by entities by rodents, pathogens, insects, and birds. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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