The Total Addressable Market (TAM) for IPM Pheromone Products was valued at USD 1,754.37 million in 2022. It is estimated to reach USD 3,729.28 million by 2031, growing at a CAGR of 8.74% during the forecast period (2023–2031). Insect pheromones are chemical substances used by an insect to communicate with other members of the same insect species. Structurally, these chemicals are often similar to those used in flavors and fragrances. Insect pheromones are a subset of a broader category called semiochemicals. A semiochemical is a message-bearing substance produced by a plant or animal or a synthetic analog of that substance that instigates behavioral responses in individuals of the same or other species. Semiochemicals are used in many ways, like drawing other insects to a known food source or trail, finding a mate, or sending an alarm.
Sex pheromones are generally used in pest management. The insect pheromones themselves do not kill a target pest. Instead, it helps an insect get into a trap with poison or stops them from mating. Larger-than-normal concentrations of sex pheromones in the air caused by mating disruption make it harder for males to find a suitable mate. An environmentally friendly pest control method is called integrated pest management (IPM). It uses many methods to get rid of pests as cheaply as possible while putting people, property, and the environment at the least risk. For particular crop pests, IPM pheromones are crucial monitoring and management tools. As part of Integrated Pest Management (IPM) systems, pheromones can monitor pest populations to determine when and how to use pesticides.
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Growth in Commercial Agriculture
Commercial farming involves the cultivation of large crops for the express purpose of selling them to multiple retailers and wholesalers. In commercial agriculture, livestock production and grazing are included. In commercial agriculture, crops and animals are raised on large farms with the help of machinery, irrigation, chemical fertilizers, and other technologies. Dairy farming, grain farming, farming on plantations, and ranching are all types of commercial agriculture. Increasing demand from commercial agriculture for large-scale production of crops such as maize, wheat, tea, coffee, sugarcane, cashew, rubber, bananas, and cotton is expected to drive the growth of the global IPM pheromone products market over the forecast period.
Rising Awareness Regarding IPM Pheromone Technologies
People are becoming more aware of food security and worried about the harmful effects of synthetic crop protection chemicals. As a result, IPM pheromone technologies are gradually becoming more and more familiar to farmers. Long-term pest management could benefit from pheromone technology. Integrated pest management (IPM) makes it possible to use fewer pesticides, lower production costs, and make agriculture more sustainable in the long run.
Ecuador's national agricultural research institution (INIAP) developed the technology to control the potato famines with funding from USAID's IPM Collaborative Research Support Project (IPM CRSP). Farmers are aware of these technologies through several dissemination mechanisms, such as farmer field schools (FFSs), field days, networking with other farmers, and written media, such as pamphlets. As a result, the global market for IPM pheromone products is expanding as farmers become more aware of IPM pheromone technologies.
Lack of Product Knowledge
Farmers do not know much about IPM pheromone products, which makes it hard for the global IPM pheromone products market to grow. Insufficient training facilities and inadequate IPM equipment are the primary reasons that keep farmers away from IPM, while others entirely depend on chemical methods for controlling pests. Farmers face three types of barriers: institutional, social, and management. Inadequacy of IPM materials, availability of pesticides, lack of coordination between farmers and extension agents, fear about the IPM program, and no discrimination about the price of IPM and non-IPM vegetables are some of the significant barriers faced by the farmers in adopting Integrated Pest Management (IPM). These things will likely slow the market's growth over the forecast period.
Successful integrated pest management (IPM) is based on the farmer's needs, concerns, and circumstances. Farmers require a wide range of products and services to adopt IPM. Pest control companies are always looking for new technologies and products to help us prevent and get rid of pests. The IPM is now widely accepted in many industries as the standard of service. It is an environmentally responsible approach to pest control that focuses on proactive tactics such as facility maintenance and sanitation to prevent pests.
Biorational materials are relatively non-toxic and have little impact on the environment. Researchers at the University of California discovered that the "pheromone-assisted technique" improves the efficacy of insecticides, particularly against Argentine ants. The goal of pheromones is to enhance products that control pests, such as ant species, and decrease the environmental impact on non-target creatures and human health. Thus, technological advancements in several types of IPM offer lucrative growth opportunities to market players.
The global IPM pheromone products market is segmented by product type, crop type, and insect type.
By product type, the global market is divided into sex pheromones, aggregation pheromones, and others.
The sex pheromones segment is the highest contributor to the market and is anticipated to grow at a CAGR of 8.73% over the forecast period. It is released by one sex to make the other sex of the same species act in a certain way so that they can mate. Females typically produce these pheromones to attract males for mating. However, in particular insect species, the males are known to produce sex pheromones to attract the females. The release of sex pheromones depends on the time of day, weather, and availability of host plants. Many families of moths and some families of beetles, like the Anobiidae, Bruchidae, and Dermestidae, have been found to have these pheromones.
The other segment includes oviposition-deterring pheromones, alarm pheromones, anti-aggregation pheromones, and trail pheromones. Some insect species, such as aphids, release alarm pheromones in direct response to an attack by natural enemies. The anti-aggregation pheromones help spread out the population of a specific type of insect and allow for the best spacing in an environment with few resources. The oviposition-deterring pheromones help reduce intraspecific competition by keeping females of certain insect species from laying eggs on hosts that the same species has already used. In contrast, trail pheromones are generally used by social insect species such as ants and termites to mark nests or feeding sites to guide members of their colony.
By crop type, the global IPM pheromone products market is divided into food crops, cash crops, plantation crops, and horticulture crops.
The horticulture crops segment owns the highest market share and is anticipated to grow at a CAGR of 8.76% over the forecast period. Horticultural crops include various vegetables, fruits, and medicinal and ornamental plants. These fruits and vegetables are essential for human nutrition because they have carbs, proteins, organic acids, vitamins, and minerals. So, these crops go through more processing to make them last longer and keep their nutritional value. These crops are continuously attacked by plant parasites or pests, referred to as "biotic stresses."
Plantation crops are a group of crops that are cultivated extensively in large, contiguous areas. These crops are generally perennial and can be grown and harvested throughout the year. Coffee, tea, rubber, cocoa, and areca nuts are essential plantation crops worldwide. These crops have a high market value and are important to many developing and developed countries' export trade and agricultural economies. Each year, the pest attacks inflict substantial financial damage on the plantation crops. Thus, plantation crop owners use different pest control methods, like integrated pest management, to keep crop losses as low as possible.
By insect type, the global market is divided into moth, weevil, fruit fly, beetle, and others.
The moth segment is the highest contributor to the market and is anticipated to grow at a CAGR of 8.71% over the forecast period. Moths are fecund invertebrates of the order Lepidoptera. It is one of the most feared invasive pest species, responsible for many pre and post-harvest losses in many crops worldwide. Cydia pomonella, Thaumatotibia leucotreta, Pectinophora gossypiella, Teia anartoides, and Ectomyelois caratonia are some of the species causing substantial crop losses across the world. Moths are increasingly becoming resistant to insecticides. As a result, organizations researching agriculture worldwide are creating area-wide integrated pest management systems (AW-IPM).
Fruit flies, or tephritid fruit flies, are categorized as one of the world's most destructive horticultural pests and pose risks to most commercial fruit and vegetable crops. Fruit fly species that cause significant economic harm worldwide include the mediterranean fruit fly (Ceratitis capitata), mexican fruit fly (A. ludens), oriental fruit fly (Bactrocera dorsalis), carambola fruit fly (B. caramboloe), guava fruit fly (B. correcta), and olive fruit fly (B. oleae). The extensive use of chemical pesticides can control fruit flies. However, many countries are adopting area-wide integrated pest management systems (AW-IPM) to reduce chemical pesticides and sustainably control fruit fly infestations.
By region, the global IPM pheromone products market is divided into North America, Europe, Asia-Pacific, and Rest of the world (Row).
North America Dominates the Global Market
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North America is the highest contributor to the global IPM pheromone products market and is anticipated to grow at a CAGR of 8.51% during the forecast period. The largest market for IPM pheromone products has emerged in North America. The North American region is among the leading global wheat, maize, soybeans, and rapeseed producers. In the coming years, IPM pheromones products are likely to do better because there is more demand for organic food that is good for the environment. Various governmental and non-governmental bodies, such as the IPM Institute of North America and the University of California Statewide IPM Program, actively promote the wide-scale adoption of IPM systems across the US, thereby supporting the demand for IPM pheromone products in the region.
Europe is expected to grow at a CAGR of 8.77% over the forecast period. Europe was one of the first places to use practices like integrated pest management that help farms be more sustainable. Some of the strictest rules about pesticide residues have been put in place in Europe, which has led to the use of IPM pheromones. Moreover, exponential demand for sustainably produced organic food products is expected to significantly boost product demand over the forecast period.
The Asia-Pacific region has become one of the top places in the world to grow and sell cereals, fruits, vegetables, and cash crops. The large-scale use of chemical pesticides characterizes agriculture in the Asia-Pacific region. However, the region is progressively shifting towards sustainable pest management practices because of growing awareness about adverse health impacts caused due to excessive use of pesticides. Furthermore, adopting strict pesticide residue standards worldwide is expected to significantly boost integrated pest management systems over the next few years.
The rest of the world comprises South America and the Middle East and Africa. South America region is one of the largest producers and exporters of sugarcane, coffee, soybean, and cotton. The Middle East and Africa are the leading exporters of cocoa, dates, rice, cotton, and cashews. The adoption of stringent pesticide residue norms in crucial export markets in North America and Europe poses a significant economic challenge to these countries. Thus, the rest of the world is progressively adopting integrated pest management systems to reduce pesticide residue levels, thereby driving the demand for IPM pheromones.
The key players in the global IPM pheromone products market are BASF SE, Russell IPM Ltd, Trécé Inc., Biobest Group NV, Isagro Group, Bio Controle, Novagrica, International Pheromone Systems Ltd. (IPS), AgBio, Inc., and Laboratorio Agrochem, S.L.