According to the business intelligence report titled ‘Global Integrated Pest Management Pheromones Market Size study, by Product Type (Sex, Aggregation, Alarm and Others), by Mode of Application (Monitoring & Detection, Mating Disruption, Mass Trapping and Others), by Application (Agriculture and Others), and Regional Forecasts 2021-2027’, available with Market Study Report, global integrated pest management pheromones market was assessed at USD 798.09 million in 2020 and is anticipated to amass USD 1315.47 million in 2027, growing at annual rate of 7.4% between 2021-2027.
 

Growing agricultural production due to increase in demand for food with rise in population worldwide is a key factor stimulating global integrated pest management pheromones market expansion. As per the World Bank, in China, the food production index jumped from 101.35 in 2016 to 103.09 in 2019 for some regions.
 

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For the unversed, integrated pest management pheromones are primarily used to kill pesticides during agricultural activities.
 

Side effects of insecticides & pesticides, increasing occurrence of diseases in crops, and growing awareness among farmers & producers regarding benefits of using integrated pest management pheromones will aid revenue inflow in the business sphere.
 

While technological advancements and favorable government initiatives will drive industry outlook, limited product/solution cognizance in underdeveloped economies like Africa and India will act as a challenge for businesses in this domain.
 

Based on product type, worldwide integrated pest management pheromones industry is split into sex, alarm, aggregation, and others. Speaking of mode of application, the industry is divided into mating disruption, monitoring & detection, mass trapping, and others. Moving on to application scope, the business sphere is bifurcated into agriculture, and others. 
 

From regional frame of reference, North America held majority of global integrated pest management pheromones market share in the recent past, owing to presence of industry leaders, along with growing demand and mechanization in agriculture sector. Meanwhile, Europe market is slated to witness significant expansion between 2021-2027, on account of implementation of favorable government initiatives & environment regulations to promote biodiversity, and developments in agriculture vertical.
 

Leading players profiled in the report are Russell IPM Limited, Active IPM, Sumi Agro France S.A.S, Agrichem S.A., SemiosBio Technologies Inc., AgriSense-BCS Ltd., Laboratorio Agrochem SL, Shin-Etsu Chemical Co. Ltd., ATGC Biotech Private Limited, and Hercon Environmental Corporation.