IPM Pheromones Market Research - Global Forecasts to 2028 [Yahoo! Finance]
SUMITOMO CORP S/ADR (SSUMY)
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Source: Yahoo! Finance
The global IPM pheromones market was valued at US$0.744 billion in 2021 and is expected to grow at a CAGR of 11.53% to reach US$1.597 billion by 2028 Integrated Pest Management (IPM) pheromones are organic chemical compounds used as traps by farmers on insects and other animals to monitor target pests in agriculture or residential areas, which helps detect insect infestation on crops. They help identify and monitor pests, provide decision support, map pest distribution, quarantine inspection, assessment of population dynamics, and schedule management operations. For instance, the sex pheromone of the tobacco caterpillar is used for monitoring the pest in soybean, castor, and peanut. Integrated pest control solutions have undergone significant development due to the adverse effects of traditional pesticides on human health, the environment, plants, and animals. IPM insect pheromones are a highly effective alternative to controlling pests in forests and agriculture. Therefore risin
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