The global integrated pest management market value
is anticipated to reach USD 151.0 billion by 2025, according to a new report by
Grand View Research, Inc. Favorable regulatory scenario banning the usage of
pesticides and growing concerns regarding the diseases caused by insects are
anticipated to favor industry growth.
IPM program is a systematic approach used
for solving insect, weed, & diseases problems and prevent them from
damaging crops, infesting buildings, & harming animals. It is the most
effective and least-risk options for responding to the problem. The approach
can be used to manage all kinds of incest anywhere such as in urban, wildland,
agricultural, and natural areas.
The rising concern over harmful effects of
pesticides on the environment is likely to enhance the popularity of the
product. Some of the major application sectors of the industry include
agriculture, commercial buildings, industrial, residential, and others.
Agricultural is the largest application segment and is expected to follow the
same growth trend over the forecast period, owing to its usage in controlling
and preventing the incests from crops.
Invertebrates have emerged as the largest
segment in 2016 followed by weeds, pathogens, and vertebrates. Change in
climate conditions and rising temperature is anticipated to be the major factor
for the growth of invertebrate. Invertebrates are generally the household
incest including ants, cockroaches, flies, and caterpillars. They can harm the
household farming thus leading to infect human health and environment. The IPM
program and training may help in mitigating the risk of invertebrate control
with reducing the utilization of chemicals and increasing efficiency.
Access Research Report of Integrated
Pest Management Market @ https://www.grandviewresearch.com/industry-analysis/integrated-pest-management-ipm-market
Further key findings from the report suggest:
· The global demand for integrated pest
management market was valued at USD 91.8 billion in 2016. The market is
anticipated to grow to USD 151 billion by 2025, growing at a CAGR of 5.8% from
2017 to 2025.
· Chemical control approach dominated the
market in 2016 followed by mechanical & physical, biological, cultural, and
others method.
· Agricultural is largest application segment
and is projected to follow the same growth trend over the forecast period.
· The North America and Europe region was the
largest regional market with a combined share of over 56%.
· Asia Pacific region is anticipated to have
the fastest growth. the region is projected to grow at a CAGR of 6.4% from 2017
to 2025.
· The industry is dominated by a few
multinational corporations such as BASF SE, Advanced Integrated Pest
Management, IPM Pest Control, SGS SA, MB Integrated Pest Control, Bayer
CropScience LP, Ecolab Inc., IPM Technologies Pty Ltd, and Integrated Pest
Management Solution (IPMS India).
Grand View Research has segmented the
global integrated pest management market by pest type, control method,
application, and region:
Pest Type Outlook (Revenue, USD Million,
2014 - 2025)
·
Weeds
·
Invertebrates
·
Pathogens
·
Vertebrates
Control Method Outlook (Revenue, USD
Million, 2014 - 2025)
·
Biological Control
·
Chemical Control
·
Cultural Controls
·
Mechanical & Physical Controls
·
Other Control Method
Application Outlook (Revenue, USD Million,
2014 - 2025)
·
Agriculture
·
Commercial buildings
·
Industrial
·
Residential
·
Others
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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