Integrated Pest Management (IPM) Market Outlook
According to the report by Expert Market Research (EMR), the global integrated pest management (IPM) market size is projected to grow at a CAGR of 5.60% between 2023 and 2028. Aided by the escalating demand for sustainable farming practices and the increasing adoption of IPM techniques in various sectors, the market is expected to grow significantly by 2028.
Integrated Pest Management (IPM) is a comprehensive, environmentally conscious approach to controlling pests. It involves multiple techniques including biological control, habitat manipulation, modification of cultural practices, and the use of resistant varieties. The application of IPM spans across agriculture, horticulture, forestry, and other sectors, demonstrating its versatile and effective pest control capabilities.
The surging global demand for sustainable farming practices is a significant factor driving the integrated pest management (IPM) market growth. As concerns over environmental conservation escalate, there has been a marked shift towards eco-friendly agricultural practices. This shift has amplified the adoption of IPM techniques, which prioritise minimal harm to the environment while ensuring effective pest control.
Further, the broadening application of IPM techniques in various sectors has also contributed significantly to the integrated pest management (IPM) market development. The forestry sector utilises IPM for maintaining forest health, while the horticulture industry employs IPM techniques to protect high-value ornamental and food crops. In residential and commercial settings, IPM principles are employed to manage pests while minimising the use of chemicals, thereby enhancing safety and sustainability.
Moreover, the rise in pest resistance to conventional pesticides has prompted an increased focus on IPM as a practical pest control strategy. With pests evolving to withstand chemical pesticides, there has been a notable surge in demand for comprehensive and adaptable pest control methods like IPM. This, in turn, is further fuelling the growth of the integrated pest management (IPM) market.
Additionally, the growing support from governmental bodies and environmental organisations for sustainable farming and pest control methods is anticipated to further propel the IPM market. Policies and regulations encouraging the use of eco-friendly pest management techniques, coupled with incentives for adopting such practices, are facilitating the integrated pest management (IPM) market expansion.
In the foreseeable future, the emerging trend of precision farming and digital agriculture is expected to create new growth avenues for the integrated pest management (IPM) market. The integration of advanced technologies like remote sensing, GPS, and AI can enhance the effectiveness of IPM strategies, leading to better pest control outcomes and improved crop yields.
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Integrated Pest Management (IPM) Market Segmentation
The market can be divided based on pest type, control method, application, and region.
Market Breakup by Pest Type
• Weeds
• Invertebrates
• Pathogens
• Vertebrates
Market Breakup by Control Method
• Biological Control
• Chemical Control
• Cultural Controls
• Mechanical and Physical Controls
• Others
Market Breakup by Application
• Agriculture
• Commercial buildings
• Industrial
• Residential
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global integrated pest management (IPM) companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Advanced Integrated Pest Management
• SGS SA
• Orkin LLC
• IPM Technologies Pty Ltd
• MB Integrated Pest Control
• Integrated Pest Management Solutions India Pvt. Ltd.
• Rentokil Initial plc
• Others
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