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Pesticides Integrated Pest Management Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: May 2024 || SKU: AG1875
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180 pages
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Global Pesticides Integrated Pest Management (IPM) Market is segmented By Type (Herbicide, Insecticide, Fungicide, Others), By Control Type (Biological, Chemical, Physical), By Application (Agriculture, Non-Agriculture), By Product Type (Patent, Proprietary off-patent, Post patent), By Status (Regular, Organic-Certified), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Pesticides Integrated Pest Management Market Size

Global Pesticides Integrated Pest Management Market reached USD 17.8 billion in 2022 and is expected to reach USD 26.4 billion by 2031 growing with a CAGR of 5.1% during the forecast period 2024-2031. Growing global demand for sustainable and environmentally friendly pest management practices, is expected to drive the market growth.

As concerns about pesticide residues, water contamination, and ecological damage increase, there is a greater emphasis on reducing reliance on chemical pesticides. Pesticide reduction is a key focus and opportunity within the realm of pesticides integrated pest management (IPM). Biological control agents such as beneficial insects and the use of pheromone traps are essential components of pesticides integrated pest management (IPM), offering effective and sustainable pest control solutions that reduce reliance on chemical pesticides. Cultural practices, including crop rotation, trap crops, and the use of resistant varieties, play a crucial role in pesticides integrated pest management (IPM) by providing non-chemical methods to manage pests and reduce their impact on crops, promoting long-term sustainability and reducing the need for pesticide interventions.

 

Pesticides Integrated Pest Management Market Summary

Metrics

Details

CAGR

5.1%

Size Available for Years

2022-2031

Forecast Period

2024-2031

Data Availability

Value (US$) 

Segments Covered

Type, Control Type, Application, Product Type, Status, and Region

Regions Covered

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Fastest Growing Region

Asia-Pacific

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

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Pesticides Integrated Pest Management Market Dynamics

Benefits Associated With Pesticides Integrated Pest Management 

Integrated pest management focuses on the long-term prevention of pests or their damage. Pests cost billions of dollars each year due to damage to human health as well as crops & livestock. Insects are responsible for many deadly diseases. According to the World Health Organization, there were more than 274 million cases of malaria in 2023. According to the WHO, malaria deaths stood at 619 000 in 2021. 

Pests are also major threats to crop. Without preventive protection with pesticides, 70% of crops could have been lost to pests. Pesticides serve to destroy such unwanted agents as fungi, weeds, and insects that might otherwise destroy crops or reduce their output. In Commercial applications, clear roadways of weeds and shrubs, to kill invasive plants, or to control algae growth in bodies of water. 

Technological Advantages in the Application of Pesticides Drives Market Growth 

Advances in technology, such as remote sensing, precision agriculture, and biological control methods, have improved the effectiveness and efficiency of IPM practices. These technological advancements enable better pest monitoring, more targeted applications of pesticides, and the integration of various pest management techniques, driving the adoption of IPM. Technology allows for precise application of pesticides, targeting specific areas or pests while minimizing the impact on non-target organisms. 

Tools such as drones, GPS systems, and sensor-based equipment enable farmers to accurately identify pest populations, monitor their distribution, and apply pesticides only where and when needed. This reduces pesticide use, minimizes environmental contamination, and promotes sustainable pest management. On April 20 2022, Krishi Vigyan Kendra given demonstration on the use of drone technology in pesticide application in Vriddhachalam. It helps farmers to spray pesticides and saves time and labour cost.

Side Effects of the Pesticides Hampers Market Growth 

Excessive or improper use of pesticides can lead to pesticide residues in food and water sources, which can have adverse effects on human health. Additionally, the unintended harm caused to beneficial organisms such as pollinators, natural predators, and soil organisms can disrupt ecological balance and biodiversity. 

The presence of pesticide residues in food and water can raise concerns among consumers about food safety and environmental impact. This can result in decreased consumer confidence and demand for agricultural products, including those produced using IPM practices. Consumers may prefer organic or pesticide-free alternatives, which can impact the market for IPM products and services. 

Pesticides Integrated Pest Management Market Segmentation Analysis

The global pesticides integrated pest management market is segmented based on type, control type, application, product type, status and region.

Increase in the Consumers Demand for the Physical Control Methods for Weed Control

The global pesticides integrated pest management market by control type has been segmented by physical, chemical, and biological. 

Physical pest control refers to the use of physical methods such as directly killing them as well as nets, traps or mineral oils to control pests. The chemical segment consists of natural chemicals which are toxic to the pest as well as highly toxic proprietary chemicals used to kill harmful pests. In physical control method peste is actully attacked and destroyed. This mathod is mostly used in weed control.

Increase in the innovative product launches by the manufacturers helps to boost segement growth over the forecast period. For instance, On July 18 2022, ADAMA, a leading crop protection company launched weed control solution for winter cereals named as Chrome. It has triple mode of action. It is made from the ingredients such as Flufenacet, Diflufenican, and Chlorotoluron.

Pesticides Integrated Pest Management Market Geographical Share

Increasing Product Launches by Major Key players in the Asia-Pacific Region

The Asia Pacific region has a significant agricultural sector, with a high demand for effective pest management solutions. The market is driven by the need to protect crops from pests and diseases while minimizing the environmental impact. There is a growing awareness of the negative environmental effects of conventional pesticide use. This has led to a shift towards more sustainable pest management practices, such as IPM, which aim to minimize the use of pesticides and promote ecological balance.

Increase in the product launches by major key players helps to boost regional growth. For instance, On May 29 2023, FMC Corporation, American chemical manufacturing company launched Galaxy NXT herbicide specialized for soybean crop in Madhya Pradesh. The new launched product is approved by Directorate General of Civil Aviation (DGCA).

Pesticides Integrated Pest Management Companies

The major global players in the market include Syngenta, Bayer, DowDuPont, BASF, ADAMA Agricultural Solutions, Nufarm Limited, FMC, Sumitomo Chemical, United Phosphorus Ltd, Arysta Lifescience. 

COVID-19 Impact on Pesticides Integrated Pest Management Market

COVID-19 Impact 

After the outbreak of COVID-19, consumers have become more conscious about the intake of food and are trying to consume food that is healthy and nutritious. The global market has seen an increase in awareness regarding the various benefits of consuming organic and chemical-free product food. This demand has further splurged during the crisis of COVID-19, as organic and chemical-free products are said to be healthy. This demand has directly impacted the global market of bioinsecticides as they are often used by organic crop growers and are toxic-free in nature. 

However, due to strict global restrictions on the import and export of products and restrictions in the movement due to the nationwide lockdown, the demand and supply of biopesticide products are hampered. Furthermore, the impact of COVID-19 is expected to diminish as the import and export will not be further restricted.

Russia-Ukraine Impact Analysis

Russia and Ukraine have been significant users of pesticides in agricultural practices. The impact analysis examines the extent of pesticide usage, including the types of pesticides used, their application methods, and the overall reliance on chemical pest control.

The analysis assesses the environmental impact of pesticide use, including potential contamination of soil, water bodies, and non-target organisms. It also considers the effects on biodiversity, ecosystem health, and the long-term sustainability of agricultural practices. The analysis evaluates the health implications of pesticide exposure on agricultural workers, consumers, and local communities. This includes studying the potential risks associated with pesticide residues in food products, occupational health hazards, and public health concerns.

Key Developments

  • On June 09 2022, UPL, manufacturer of agrochemicals, industrial chemicals, chemical intermediates launched Flupyrimin insecticide in India. It is mostly effective to kill major rice pests such as brown plant hopper (BPH) and yellow stem borer (YSB).
  • On April 18 2022, BASF, European largest chemical producer launched Exponus insecticide in the market. It contains Broflanilide, a specialized ingredient Offering a new mode of action for the control of insects.
  • On December 28 2022, BASF, European largest chemical producer launched Revysion fungicide in the market. It is effective on the grapes for black rot and powdery mildew. 

Why Purchase the Report?

  • To visualize the global pesticides integrated pest management market segmentation based on type, control type, application, product type, status and region to understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous pesticides integrated pest management market-level data points all for segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The Global Pesticides Integrated Pest Management Market Report Would Provide Approximately 77 tables, 99 Figures and 102 Pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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FAQ’s

  • Global Pesticides Integrated Pest Management Market reached USD 17.8 billion in 2022 and is expected to reach USD 26.4 billion by 2031

  • Syngenta, Bayer, DowDuPont, BASF, and FMC are among the leading global players in the IPM market. These companies are investing in research and development of new IPM technologies and solutions.
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