New Analysis from Global Industry Analysts Reveals Steady Growth for Integrated Pest Management (IPM) Pheromones, with the Market to Reach $3.4 Billion Worldwide by 2026
SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Integrated Pest Management (IPM) Pheromones – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 452
Companies: 44 – Players covered include AgBiTech; AGRICHEM, S.A.; Agrisense; ATGC Biotech Pvt. Ltd.; Bioline AgroSciences Ltd.; Hercon Environmental; Laboratorio Agrochem, S.L.; Russell IPM Ltd.; SemiosBio Technologies Inc.; Shin-Etsu Chemical Co., Ltd.; Sumi Agro France and Others.
Coverage: All major geographies and key segments
Segments: Segment (Sex Pheromone, Aggregation Pheromone, Alarm Pheromone, Oviposition Deterring Pheromone)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Integrated Pest Management (IPM) Pheromones Market to Reach $3.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Integrated Pest Management (IPM) Pheromones estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$3.4 Billion by 2026, growing at a CAGR of 4.6% over the analysis period. Sex Pheromone, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$2.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aggregation Pheromone segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $815 Million in 2021, While China is Forecast to Reach $609.6 Million by 2026
The Integrated Pest Management (IPM) Pheromones market in the U.S. is estimated at US$815 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$609.6 Million by the year 2026 trailing a CAGR of 4.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Alarm Pheromone Segment to Reach US$282.7 Million by the year 2026
In the global Alarm Pheromone segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$160.9 Million in the year 2020 will reach a projected size of US$238.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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