Global IPM Pheromones Market is expected to reach
USD 2.45 billion by 2020, according to a new study by Grand View Research, Inc.
Sex pheromones were widely used in mating disruption techniques of IPM for crop
protection in order to increase agricultural yield. Mating disruption being the
most effective IPM technique is expected to witness wide acceptance globally
thus augmenting sex pheromones demand over the forecast period.
 |
| Global IPM Pheromones market revenue, by product (USD Million) |
North
America dominated the global IPM pheromones market in 2013 holding over 50%
share and is expected to continue dominance on account of technological
development and rising agricultural yields in U.S., Canada and Mexico. Europe
accounted for over 20% of the total IPM pheromones market in 2013. Stringent
regulation regarding chemicals used in the region coupled with matured
agriculture industry is expected to result in below average growth over the
forecast period.
Browse full
research report on Ipm Pheromones Market: www.grandviewresearch.com/industry-analysis/ipm-pheromones
Further key
findings from the report suggest:
- In terms of revenue, global IPM pheromones
market was valued at USD 1,685.3 million in 2013, and is expected to reach
USD 2,451.5 million by 2020, growing at a CAGR of 5.5% from 2014 to 2020.
- Sex pheromones are expected to witness the
fastest growth at a CAGR of over 5.0% from 2014 to 2020. Sex pheromones
are being used widely for mating disruption reducing number of larvae on
plants and protecting crops. Extensive adoption of IPM programs by farmers
coupled with government initiatives promoting IPM are expected to
significantly impact sex pheromones market over the forecast period.
- Asia Pacific is expected to witness the fastest
growth at a CAGR of over 6.0% from 2014 to 2020, owing to improving
economic condition of farmers in emerging economies of India and China
thus providing ample avenues for market growth. Increasing adoption of
novel technologies in agriculture to increase yield and improve quality is
expected to augment IPM pheromones demand in the region over the forecast
period. Further, increasing population in the region has resulted in
increased food demand thus rising IPM adoption rate positively impacting
pheromones market growth.
- Key market participants such as Shin-Etsu
Chemicals and Suterra LLC have numerous patents relating to pheromones
development and use to their credit. Major market players such as Syngenta
Bioline, Russell IPM, Sumi Agro France and Hercon Environmental are
focusing on developing new IPM pheromones through extensive R&D in
their laboratories. Companies are also keen on development of optimum
application techniques for IPM pheromones. Other companies in the market
include Active IPM, AgBiTech, Agrichembio, Agrochem, ATGC Biotech, Atlas
Agro, SemiosBIO and Trécé Inc.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the IPM pheromones market on the basis
of product and region:
Global IPM
Pheromones Market Product Outlook (Revenue, USD Million, 2012 - 2020)
- Sex
Pheromones
- Aggregation
Pheromones
- Oviposition-Deterring
Pheromones
- Alarm
Pheromones
Global IPM
Pheromones Market Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- RoW
Access Press Release By Grand View Research:
www.grandviewresearch.com/press-release/global-ipm-pheromones-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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