Meticulous Research® – a leading global market research company published a research report titled “Integrated Pest Management Pheromones Market By Pheromone Type (Pheromone Traps, Lures), Product (Sex, Aggregation, Alarm), Pest Type (Moths, Beetles), Function (Mating Disruption, Mass Trapping), Application (Agriculture, Other)- Forecast to 2028".

According to this latest publication from Meticulous Research®, the global integrated pest management (IPM) pheromones market is expected to grow at a CAGR of 12.3% from 2021 to 2028 to reach $1.54 billion by 2028. Rising need to increase agricultural production, favorable government initiatives & reforms/policies, rising awareness regarding the advantages of IPM pheromone technologies, and growing public concerns over the potential health hazards of synthetic pesticides have been considered to positively impact the integrated pest management pheromones market. However, the higher cost of pheromone-based products than conventional pesticidesis expected to pose a challenge for the growth of the market.

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The global integrated pest management pheromones market study presents historical market data in terms of values (2019 and 2020), estimated current data (2021), and forecasts it for 2028–by Product (Pheromone Traps and Pheromone Lures), Type (Sex Pheromones, Aggregation Pheromones, Alarm Pheromones, And Other Pheromones), Pest Type (Moths, Beetles, Fruit Flies, and Other Pests), Function (Mating Disruption, Mass Trapping, and Detection & Monitoring), Application (Agriculture and Non-Agricultural Applications), and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.

Based on product, the pheromone traps segment is estimated to account for the largest share of the integrated pest management pheromones market in 2021. The large share of this segment is mainly attributed to rising agricultural production worldwide. The Global Agricultural Total Factor Productivity (TFP) is growing at an average annual rate of 1.63%. The 2020 GAP report also suggests that to sustainably double the production of food, fiber, feed, and bioenergy needed to sustain nearly 10 billion people by 2050, agricultural productivity needs to increase at an average annual rate of 1.73%, which is higher than the current growth rate. Thus, rising agricultural production is expected to drive the demand for pheromone traps in the forecast period.

Based on type, the sex pheromones segment is estimated to account for the largest share of the integrated pest management pheromones market in 2021. The large share of this segment is mainly attributed to recent developments in pheromone research and the rising awareness about pheromone applications in integrated pest management. Sex pheromones are widely used in integrated pest management. Recent developments in sex pheromone research (mechanisms of sex pheromone perception and its practical application in agricultural pest management) support the adoption of sex pheromones in agricultural pest management. For instance, in January 2021, scientists from ISCA, Inc. (U.S.) collaborated with research teams of Lund University (Swedish Agricultural University) and the University of Nebraska, Lincoln (U.S.) to grow insect sex pheromone precursors successfully in genetically modified strains of camelina plants and create a low-cost source of pheromones needed for sustainable pest control.

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Based on type, the sex pheromones segment is estimated to account for the largest share of the integrated pest management pheromones market in 2021. The large share of this segment is mainly attributed to recent developments in pheromone research and the rising awareness about pheromone applications in integrated pest management. Sex pheromones are widely used in integrated pest management. Recent developments in sex pheromone research (mechanisms of sex pheromone

Based on pest type, the moths segment is estimated to account for the largest share of the integrated pest management pheromones market in 2021. The large share of this segment is mainly attributed to the growing adoption of pheromones for controlling moth populations. Moth such as diamondback moth, Plutellaxylostella (L.), is a serious pest that affects cruciferous vegetables in many parts of the world, particularly in tropical regions. Integrated pest management (IPM) strategies are increasingly adopted to maintain pest control efficacy and reduce resistance development risks. Non-chemical control approaches such as the use of mating disruption pheromones are some of the IPM strategies gaining significant attention due to their efficacy in controlling moth populations.

Based on function, the mating disruption segment is estimated to account for the largest share of the integrated pest management pheromones market in 2021. The large share of this segment is mainly attributed to rising agricultural production and growing awareness regarding pheromones in various agricultural applications. Mating disruption is an excellent IPM tool for controlling the pest population. By releasing sufficiently large quantities of synthetic sex pheromones into the crop atmosphere, the mating process of the insects gets disturbed as the released synthetic sex pheromones mask the natural pheromone plumes, affecting the males' ability to respond to calling females and making the males follow false pheromone trails at the expense of finding mates. Subsequently, the population of moths is reduced as fewer larvae are present to cause crop damage.

Based on application, the agriculture segment is estimated to account for the largest share of the integrated pest management pheromones market in 2021. This segment's large share is mainly attributed to rising global agricultural productivity and the large-scale production of ornamental plants and flowers. The growing agricultural production is likely to further drive the demand for integrated pest management pheromones globally. For instance, according to the FAO, vegetable production in the U.S. is growing at an average rate of 3.7%, driving the demand for pest management pheromones.

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Geographic Review :

This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Latin America, and the Middle East & Africa.

Key Players:

Key companies operating in the global integrated pest management (IPM) pheromones market are Provivi, Inc. (U.S.), Trécé, Inc. (U.S.), ISCA, INC. (U.S.), SEDQ Healthy Crops S.L. (Spain), BioControl (Brazil), NovAgrica Hellas SA (Greece), AGRICHEM, S.A. (Spain), Isagro S.p.A. (Italy), BASF SE (Germany), Laboratorios Agrochem S.L. (Spain), Russell IPM Ltd. (U.K.), Hercon Environmental Inc. (U.S.), International Pheromone Systems, Ltd. (U.K.), Sumi Agro France, Biobest Group NV (Belgium), Suterra LLC (U.S.), Bioline AgroSciences Ltd (U.K.), Pherobank B.V. (Netherlands), AgBiTec (U.S.), Koppert Biological Systems B.V. (Netherlands), Bedoukian Research, Inc. (U.S.), SemiosBio Technologies Inc. (Canada), and Shin-Etsu Chemical Co., Ltd. (Japan).

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