Global Integrated Pest Management Market
Dublin, July 13, 2022 (GLOBE NEWSWIRE) -- The "Integrated Pest Management Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
Integrated pest management involves the application of various methods, including biological, chemical, cultural, and physical control, etc., to get rid of pests like weeds, pathogens, vertebrates, invertebrates, and such.
The pest attacks in the agriculture field are responsible for the large-scale ruining of crops that give rise to economic damage to the owner. Pest management has turned out to be an efficient solution to safely procure the crops by efficiently handling the pest attacks. Besides that, rising awareness about chronic diseases caused by these pests is expected to drive the market in the future and increase its residential and industrial applications. The rising population demands more food, which is possible only when fields are provided with the necessary protection. With the rise in technological advancements and increasing government expenditure, integrated pest management has become quite necessary, especially regarding food safety.
A few of the major restraints for the market are high cost and lack of knowledge to properly implement the required pest solutions, which can hamper its market growth in the future.
Pest Attacks in Agricultural Fields:
Effective pest control and management have become essential, especially due to the potential loss of crops and financial damage accompanied by it. Pest attacks are responsible for both direct and indirect damage to the crops. Direct damage is when the pest injures the plants by eating them up, whereas indirect attack refers to the bacterial or fungal infection caused by the pests.
In integrated pest management, monitoring and correct pest identification can help to curb the problem with greater effectiveness. Climate change poses a major threat to food security and the environment as pest attacks that destroy economically essential crops are increasing at a ravaging rate.
As reported by the Food and Agriculture Organization of the United Nations, pests like fall armyworm, Tephritid fruit flies spread increasingly during warm weather, and the world's most destructive migratory pest: desert locusts, are expected to change their migratory routes due to climate change. Recently, it has been reported that of 1.06 lakh acres of land attributed to the red chili crop, around 70,000-80,000 acres have been damaged in parts of Telangana, India, due to invasive pest attacks. These alarming rates are expected to drive up the demand for integrated pest management in the coming years.
Chronic Diseases caused due to Pest Infections:
With the growing health awareness and wide-scale adoption of hygiene practices, people have become more conscious about the effects of pests not just in agriculture but also in their homes, industries, etc. Pests such as mosquitoes, ticks, rodents, bacteria, viruses, prions, and cockroaches can cause serious and even fatal diseases like Zika virus, Lyme disease, rabies, allergies, and microbial diseases.
To control the spread of these chronic diseases, integrated pest management has turned out to be the best solution.
The constraint of Price and Lack of Knowledge:
A few of the restraints for the growth of the integrated pest management market is the high price associated with the products and services, which makes it unaffordable, especially to the low-income farmers who can barely make out of their earnings. Besides that, lack of knowledge regarding the application of a specific technique and that too only after monitoring and analyzing the situation is also expected to pose a restraint to the market growth.
Impact of COVID-19 Pandemic on the Integrated Pest Management Market:
With the outburst of the coronavirus pandemic across the globe, integrated pest management, especially in the agriculture sector, suffered negatively. This was attributed to several reasons, including a shift in government priorities to handle the COVID-19 along with a reduction in the supply of plant protection products due to a sudden surge in demand for these products. Besides that, lack of labor due to various government restrictions hampered the IPM activities - such as field activities for pest management, capacity development initiatives, etc.
However, with the increase in pest control management and hygiene practices, especially after the COVID, the demand for integrated pest management is expected to increase in the future.
Key Topics Covered:
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. INTEGRATED PEST MANAGEMENT MARKET ANALYSIS, BY PEST TYPE
6. INTEGRATED PEST MANAGEMENT MARKET ANALYSIS, BY CONTROL METHOD
6.2. Biological Control
6.3. Chemical Control
6.4. Cultural Controls
6.5. Mechanical & Physical Controls
6.6. Other Control Method
7. INTEGRATED PEST MANAGEMENT MARKET ANALYSIS, BY APPLICATION
7.3. Commercial buildings
8. INTEGRATED PEST MANAGEMENT MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.2. South Africa
8.5.4. Saudi Arabia
8.6. Asia Pacific
8.6.6. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. BASF SE
10.2. Rollins Inc.
10.3. SGS S.A.
10.4. Terminix International Company L.P.
10.5. Advanced IPM
10.6. Ecolab Inc.
10.7. Rentokil Initial plc
10.8. Bayer Crop Science LP
10.9. Suterra LLC
10.10. Dodson Pest Control
10.11. Massey Services
10.12. Cook's Pest Control
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