Friday, 17 November 2017

Integrated Pest Management (IPM) Pheromones Market is Expected To Get US $ 2.78 billion by 2022

Industry Outlook and Trend analysis
The Integrated Pest Management (IPM) Pheromones market was valued around USD 1.82 billion in 2014 and is expected to reach estimated USD 2.78 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 4.74% during the forecast period. The global Integrated Pest Management (IPM) pheromones market is anticipated to encounter significant growth on account of rising demand in countries with high birth ratio like Africa and Asia Pacific. Surging population will lead to increased consumption of food ascending the requirement for more agriculture profits. Additionally, growing awareness in regard with the effects of pesticides has led to more number of farmers implementing tenable Integrated Pest Management programs. These factors are anticipated to boost the IPM pheromones market over the estimated time frame. With the aim of enhancing the development, utilization and registration pheromones and other semiochemicals for reducing insects, the Organization for Economic Co-operation and Development Working Group on Pesticides (WGP) created guidance and motive for particular requirements of such pest control products. The market is anticipated to witness constrained development by virtue of restricted application scope. Very specific nature of pheromone programs empowers insurance from essential target species and seldom influences other bug species. This proves as a barrier for implementation of pheromones on a large scale.
Product Outlook and Trend Analysis
The largest product segment was Sex pheromones that registered for 64.8 percent share of the global market. Sex pheromones are extensively utilized for reducing insect growth in the fields. These are viewed as best for bug control as they are utilized for mating disturbance consequently reducing multiplication of insects on products and trees. Sex pheromones are majorly retrieved from female insects with the aim of attracting males for the purpose of mating therefore dropping the eggs on the crops. These insects then feed on the crops which results in the destruction of the crops. Interruption in copulating is a very persuasive Integrated Pest Management module that involves distributing huge amounts sex pheromone over the area of the crop and restraining the ability of males to spot females for the purpose of mating. Aggregation pheromones are widely utilized for attracting males as well as female pests for the purpose of mass trapping of insects in Integrated Pest Management. These are extensively utilized for bark beetles that can be restrained with drainpipe traps or trap trees. Insects emit alarm pheromones as a response to swift changes or potential predators in the immediate surroundings.
Competitive Insights
Major companies in this market have accounted patents for pheromones extraction, detection, manufacturing and control of traps. Companies like Shin-Etsu Chemicals and Suterra LLC possess three allotments each in their credit, while ISCA Technologies in the United States lately introduced a new formulation known as Specialized Pheromone & Lure Application Technology (SPAT). Some of the prominent players in this market are International Pheromone Systems IPS, Pheromone Chemicals, Novagrica SA, Suterra LLC, AgriSense BCS Ltd and Indore Biotech Inputs and Research Pvt. Ltd.   
 The Global Integrated Pest Management (IPM) pheromones market is segmented as follows-
By Product Type
  • Oviposition-Deterring Pheromones
  • Sex Pheromones
  • Alarm Pheromones
  • Aggregation Pheromones
By Pheromone Type
  • Pheromone lures
  • Pheromone traps
By Pest Type
  • Fruit Flies
  • Moths
  • Beetles
  • Others
By Application
  • Forestry
  • Agriculture
  • Storage facilities
  • Horticulture
By End User
  • Mating disruption
  • Detection & monitoring
  • Others
By Region
  • North America
o    U.S
o    Canada
o    Mexico
  • Europe
o    Germany
o    France
o    UK
o    Italy
o    Spain
o    Rest of Europe
  • Asia-Pacific
o    Japan
o    China
o    Australia
o    India
o    South Korea
o    Rest of Asia Pacific
  • Rest of the World
o    Brazil
o    South Africa
o    Saudi Arabia
o    United Arab Emirates
o    Others
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