Integrated Pest Management (IPM) Market to Reflect Tremendous Growth Potential with A CAGR of 5.9%BY 2028

The latest report by Reports and Data reveals that the global market for Integrated Pest Management (IPM) is projected to reach USD 178.27 Billion by 2028, with a compound annual growth rate (CAGR) of 5.9% during the forecast period. The market's revenue growth is primarily driven by the increasing adoption of organic farming and growing awareness of diseases caused by harmful insects. Moreover, concerns regarding the adverse effects of pesticides and substantial investments by governments and private investors worldwide in the development of eco-friendly pest control systems are expected to further propel market growth in the near future.

Integrated Pest Management (IPM) is a systematic approach aimed at controlling and preventing insects while minimizing risks to the environment and human health. This approach involves integrating various methods based on collected information about the type and population of pests at a particular site. IPM is extensively utilized across diverse sectors such as agriculture, industrial, residential, commercial, and others.

The agricultural segment accounted for the largest share of revenue in the global IPM market in 2020. This can be attributed to the rising need to protect crops from insect damage and the growing demand for agricultural products, which are expected to drive revenue growth in this segment.

In terms of regional analysis, Europe held the second-largest revenue share in the global market in 2020. The region's revenue growth is sustained by the increasing preference for organic farming and rapid technological advancements in the industry.

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Key Highlights from the Report:

Key Companies in the Market: BASF SE, Shin-Etsu Chemicals, Advanced Integrated Pest Management, IPM Pest Control, Suterra LLC, MB Integrated Pest Control, Bayer CropScience LP, Ecolab Inc., IPM Technologies Pty Ltd, and Integrated Pest Management Solution.

The report segments the Integrated Pest Management (IPM) market based on pest type, control method, application, and region:

Pest Type Outlook (Revenue, USD Billion; 2018-2028)

Control Method Outlook (Revenue, USD Billion; 2018-2028)

Application Outlook (Revenue, USD Billion; 2018-2028)

Regional Outlook (Revenue, USD Billion; 2018-2028)

Integrated Pest Management (IPM) Market: Drive factors

The Integrated Pest Management (IPM) market is driven by several factors that contribute to its growth and expansion. These key drivers include:

Overall, the combination of factors such as the demand for organic farming, rising awareness of health risks, concerns about pesticide use, investments in eco-friendly solutions, and sector-specific requirements drives the growth of the Integrated Pest Management market.

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