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(MoneyNewsWire.Net, February 01, 2018 ) The North America Integrated Pest Management market size was around USD XX billion in 2017. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2022.
IPM is an effective & systematic approach, used to control & prevent insects through a combination of multiple prevention methods by minimizing the risks to the environment and people. The program does not use single method but, involves integrating various approaches, based on the information obtained from the site about the pest and their density. These programs are particular to insect and site. They are uniquely designed by type, location or area, population density, and prevention goals.
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Rise in pest population because of the climatic changes is resulting in numerous health problems, these factors are expected to boost the industry for IPM.
The market is segmented by Pest Type, by Control Method and by Application. By Pest Type the market is categorized into Weeds, Invertebrates, Pathogens, and Vertebrates. The invertebrate segment was over 36% of the overall market in 2016. The segment is expected to show the same growth trend over the forecasted period. Companies present in the industry are developing several approaches to lessen the problems caused by an invertebrate. By Control Method the market is segregated into Cultural Controls, Mechanical & Physical Controls, Biological Control, Chemical Control, and other Control Method. Chemical approach lead the market in 2016. It uses pesticides for the prevention and control of insects. Rising awareness regarding the harmful effect of pesticides and strict regulations about its sale & usage is anticipated to be a key factor for the decrease in the demand of chemical approach over the aforementioned forecast period. The biological control approach category is anticipated to be the fastest growing category over the aforementioned forecast period. It uses natural enemies to control the pest and their damage. Nematodes, weeds, invertebrates, plant pathogens, and vertebrates have many natural enemies that are used in this approach. This method is often directed against the insects that is not indigenous to the geographical area. By Application the market is categorized into Agriculture, Commercial buildings, Industrial, Residential, and Others. The agricultural segment is the major application for the IPM industry. The application segment accounted for over 31% of the overall market in 2016. Companies present in the market are investing in the development of various products and approaches to control the problems caused by insects and various disease for different crop type. Usage of different products and methods instead of harmful chemical for protecting crops against pests is expected to boost application control approaches in the segment.
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By geography the market is segmented into US and Canada. North America lead the market with over 32% of the overall market revenue in 2016. The region is expected to grow at a CAGR of 6.1% in the forecast period. The presence of North America players and continuous investment in new product development by these players are the primary factors for the regional growth. However, the regional market is at its maturity stage. The strict regulations about the utilization of various control approaches in the region are expected to restrict the use of some control methods.
Key players in the market include IPM Pest Control, SGS SA, MB Integrated Pest Control, BASF SE, Advanced Integrated Pest Management, Bayer CropScience LP, Ecolab Inc., IPM Technologies Pty Ltd, and Integrated Pest Management Solution (IPMS India).
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