Integrated Pest Management (IPM) Market – Growth, Future Prospects and Competitive Analysis 2018 – 2026
Integrated pest management involves all available pest control techniques used for resolving insects, weeds and diseases problems. Implementing IPM solutions minimizes risks to human health as well as helps reducing crop damage, infesting buildings and harming animals. IPM includes series of pest management decisions, controls and evaluations. Some of the prominent features offered by IPM include:
• Pest prevention and chemical treatments only when needed
• Prevention steps to avoid severe problems
• Solution to overcome long-term pest problems where chemical application has not worked
• Offers safer and healthier workplace
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Rising concerns related to harmful effects of pesticides on the environment is likely to enhance the popularity of the product. Some of the major application sectors of IPM include agriculture, commercial buildings, industrial, residential and others. Agricultural is the largest application segment owing to tremendous need for controlling and preventing the insects from affecting crops. Weeds, diseases and insect pests inflict enormous losses to the agricultural sector.
Apart from agriculture, IPM has significant application in commercial buildings, industrial and residential sectors. Cockroaches, dust mites and rodents often exist in buildings causing severe allergic reactions. In 2006, New York Housing Authority study revealed that a significant coalition exists between the prevalence of asthma among people and appearance of allergens, pesticides and pests found in housing.
IPM is powerful management solution for controlling pests and ensures careful use of pesticides. Pest control activities and pesticides application are regulated by the Integrated Pest Management Act and Regulations amended in December 2015. Impulsion of this act constraints the use of excessive pesticides. As IPM ensures accurate use of pesticides, this is the vital factor driving the IPM market growth.
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IPM market is rapidly expanding its penetration into industry demanding wise use of pesticides while protecting environment from its hazardous effect. Due to high awareness regarding hazardous effects of overusing pesticides, North America has been the early adopter of IPM solutions. Europe is standing on second position for IPM market.
Germany and the U.K. are the two major markets for IPM. Increasing emphasis on more productive agricultural practices is one of the most prominent factors driving the market growth in Asia Pacific region. Similarly, consistently expanding commercial and residential construction sectors too form major factors supporting the market growth.
The global Integrated Pest Management (IPM) Market is segmented on the following basis:
• Pest Type:
Weeds, Invertebrates, Pathogens, Vertebrates
• Control Method:
Biological, Chemical, Mechanical & Physical, Cultural
Agriculture, Commercial Buildings, Residential, Industrial
North America, Europe, Asia Pacific, Rest of the World (RoW)
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Key Players Identified in Integrated Pest Management (IPM) Market include but are not limited to:
Advanced Integrated Pest Management, BASF SE, Bayer CropScience LP, Ecolab Inc., SGS SA, IPM Technologies Pty Ltd., MB Integrated Pest Management Solution India Pvt. Ltd. and others.
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