According to a new report published by Allied Market Research, titled, “Integrated Pest Management (IPM) Market,” The integrated pest management market size was valued at $17.8 billion in 2021, and is estimated to reach $34.0 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.
The global integrated pest management market is expected to witness high growth potential in coming years due to its extensive use in agricultural, residential, and others. However, higher prices associated with integrated pest management is anticipated to hinder market growth. Nevertheless, the adoption of Artificial Intelligence (AI) and Internet of Things (IoT) based pest control is expected to provide ample growth opportunities for the integrated pest management market in coming years.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/32263
Integrated pest management is a method of preventing insect development and killing crop-damaging insects. It aids in increasing crop quality and yield. Insecticides have long been a necessary component of the agricultural business. Insecticides come in a variety of forms, including organic and inorganic insecticides, repellents, non-repellents, and others. It is a broad-based strategy for pest management that includes both chemical and non-chemical approaches. IPM emphasizes healthy crop development with the least amount of damage to agroecosystems and promotes natural pest control methods in which natural and synthetic fertilizers are administered to plant tissues or soil to provide one or more nutrients necessary for plant growth.
Impact Of Covid-19 On the Integrated Pest Management (IPM) Market:
The aggregate value of crops, including corn, oats, sorghum, barley, upland cotton, rice, wheat, and soybeans, was assessed at $108.8 billion in early February 2020 by the United States Department of Agriculture ($A), a 5% decrease. As a result, the decline in agricultural output affected pesticide consumption during the COVID-19 pandemic. The COVID-19 pandemic-related lockdowns had a significant impact on the residential and industrial sectors. However, the expanding requirement for pest control has had a significant influence on the integrated pest management industry during the pandemic.
Procure Complete Report (215 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/integrated-pest-management-ipm-market/purchase-options
Key factors driving the growth of the global integrated pest management market are majorly attributable to its wide applications in various industries such as agricultural, residential, and others. In addition, the rising adoption of biological control methods propels the market growth. In integrated pest management, the biological control method is used to reduce pest populations by using natural enemies or biological control agents such as microbial, microbial, and entomopathogenic nematodes. It is used on crops such as grains and cereals, oilseeds and pulses, and fruits and vegetables. The biological method is used as pesticides are naturally generated from plants, animals, minerals, and microbes. According to the (Forschungsinstitut für biologischen Landbau) FiBL, organic farmland increased by 1.1 million hectares worldwide, and organic retail sales continued to grow in 2021-22.
Get Customization Request: https://www.alliedmarketresearch.com/request-for-customization/32263
Key findings of the study:
- By control method, the pathogen and weed segment was the highest revenue contributor to the market in 2021.
- By pest, the invertebrates segment dominated the integrated pest management market in 2021.
- By application, the industrial segment dominated the integrated pest management market in 2021.
- By region, North America was the highest revenue contributor, growing with a CAGR of 6.5%.
The major players operating in the Integrated Pest Management (IPM) market:
- ADAMA Ltd
- AgBiTech
- AgrichemBio
- BASF SE
- Bayer CropScience Ltd
- FMC Corporation
- Hercon Environmental Corporation
- Oxitec
- Rentokil Initial Group
- and Sumitomo Chemical Ltd
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research