LONDON, March 19, 2018 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5360472
The global IPM pheromones market size is expected to reach USD 1,554.0 million by 2025, according to a new report by Grand View Research, Inc., and will expand at a 12.5% CAGR during the forecast period. Need for high agricultural yield and growing global population are likely to be the major driving factors.
The sex pheromones segment accounted for the majority revenue share in 2016.Sex pheromones are used to control insect population and are considered highly effective.Mating interruption is an extremely effective IPM module that helps suppress the capability of male insects to find females for breeding and dispensing a large number of sex pheromones.Aggregation pheromones was the second highest consumed product in 2016.They are utilized to attract both female and male pests and are therefore, widely used in mass trapping pests in integrated pest management.Mass trapping helps in keeping insect population below the economic damage threshold.Further key findings from the report suggest:• The sex pheromones segment is estimated to register the fastest CAGR of 12.8% in terms of revenue from 2017 to 2025 on account of high adoption of IPM by farmers and supportive government initiatives• The oviposition-deterring pheromones segment is anticipated to register a CAGR of 12.1% in terms of revenue from 2017 to 2025. However, water solubility and high cost are likely to restrain their utilization over the coming years• In terms of revenue, Asia Pacific is anticipated to exhibit a CAGR of 12.8% from 2017 to 2025. Increasing awareness regarding the effects of pesticides and growing population are expected to further boost demand• The North America market is estimated to exhibit a CAGR of 12.1%, in terms of revenue, over the forecast period. The agriculture sector has become mechanized and heavily dependent on integrated systems for supporting agribusinesses. This is anticipated to drive the regional market• Europe is likely to register the fastest CAGR of 13.0% in terms of revenue over the forecast period. Presence of major players such as Agrichembio, AgriSense-BCS Ltd., Laboratorio Agrochem, S.L., Atlas Agro, Russell IPM, and Syngenta Bioline Ltd. in the region is expected to promote market growth• Key players in this market are looking to increase their market share and improve profitability by focusing on innovation, product varieties, expanding their global footprint, and R&D activities. Competition within this industry is projected to be high over the forecast period.Download the full report: https://www.reportbuyer.com/product/5360472
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