Global IPM Pheromones Market 2017-2021
About IPM Pheromones
IPM is an economical pest control mechanism. It involves controlling the density of pests in a monitored area. Pheromones are semiochemicals. Pheromones are the chemical signals released by insects to stimulate a response in other members of the same species. The naturally released chemical signals help insects to communicate with each other. It can be a normal communication or can be an alert for other insects indicating a warning of some danger. Synthetic pheromones mimic the natural functioning of pheromones. They are used to either mass trap insects or disrupt the mating cycle of insects, which controls their population. IPM pheromones encompass three functionalities such as monitoring, mass-trapping, and sexual confusion. Monitoring is the first and foremost step in the IPM approach.
Technavio’s analysts forecast the global IPM pheromones market to grow at a CAGR of 5.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global IPM pheromones market for 2017-2021 . To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global IPM Pheromones Market 2017-2021
Technavio recognizes the following companies as the key players in the global IPM pheromones market: BASF, IPS, Novagrica, Russell IPM, and Shin-Etsu
Other Prominent Vendors in the market are: A.G.Biosystem, AgBiTech, Agrichembio, ATGC Biotech, Barrix Agro Sceinces, biocontrol, Harmony Ecotech, Indore Biotech Inputs and Research, Pacific Biocontrol, Pherobank, Suterra, The New Zealand Institute for Plant and Food Research, and Trece
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advanced marketing strategies to raise awareness. IPM can completely replace the use of harmful pesticides. Currently, the adoption rates of IPM are slower due to the lack of awareness among farmers, low governmental support, and lack of investment on the growth of pheromones. The effective marketing strategies and increasing awareness about the proper use of IPM products can potentially improve the growth in the global IPM pheromones market during the forecast period. Bangladesh private firm, Ispahani partnered with the Agriculture Value Chain (AVC) of the United Nations State for International Development (USAID) to promote the IPM-based products. They redesigned their marketing strategies and took advantage of AVC partnership with Asiatic, a leading marketing firm.”
According to the report, one of the major drivers for this market is Potential role of IPM pheromones in controlling agricultural pest. IPM pheromones are extensively used in the agriculture sector to prevent damage to crops and crop yields by pests. IPM pheromones are synthetically manufactured; they imitate the naturally occurring pheromones secreted by insects. The growing population and increasing demand for food in mainly APAC and Africa are the major factors driving the growth of the agriculture sector. The consumer awareness about the negative effect of pesticides will also foster the growth of the IPM pheromone market in the agriculture segment. The IPM approach using pheromones mainly focuses on controlling the growth of pests, but not for total eradication of the insect species.
Further, the report states that one of the major factors hindering the growth of this market is Low adoption of IPM pheromones. Even though the IPM technology using semiochemicals such as pheromones is an ideal method of pest management, the adoption rate is quite low. This can be attributed to the lack governmental policies favoring its adoption. In addition, the time needed for eradication of pests using this technique is also unfavorable for its adoption. Also, IPM pheromone products are difficult to handle and are not suitable for different weather conditions. The IPM pheromone mechanism also involves monitoring and inspection in all stages, which makes the process complicated. The lack of proper training and technical support to farmers coupled with fewer adoption incentives pose a severe challenge to the global IPM pheromones market. These factors are also responsible for low adoption rates. Thus, low adoption of IPM pheromones owing to these factors mentioned above can impede the growth in the global IPM pheromones during the forecast period.
BASF, IPS, Novagrica, Russell IPM, Shin-Etsu, A.G.Biosystem, AgBiTech, Agrichembio, ATGC Biotech, Barrix Agro Sceinces, biocontrol, Harmony Ecotech, Indore Biotech Inputs and Research, Pacific Biocontrol, Pherobank, Suterra, The New Zealand Institute for Plant and Food Research, and Trece