Integrated pest management market to reach $34 billion by 2031

The global integrated pest management market is projected to nearly double from $17.8 billion in 2021 to $34.0 billion by 2031, driven by growing demand across industrial, agricultural and regional segments. North America led the market in 2021, while Asia-Pacific is expected to grow the fastest through 2031.

Why it matters: - The integrated pest management market is expanding as buyers look for more targeted pest control across agriculture, industrial sites and other uses. - Allied Market Research projects the global market will reach $34.0 billion by 2031, up from $17.8 billion in 2021. - The forecast implies a steady shift in demand toward solutions that can reduce pest pressure across multiple settings.

What happened: - Allied Market Research published a report on the global integrated pest management market with a forecast through 2031. - The market is estimated to grow at a 6.7% CAGR from 2022 to 2031. - The report covers changing market trends, top segments, key investment pockets, value chains, regional landscape and the competitive environment. - The report is aimed at market players, new entrants, investors and other stakeholders.

The details: - The report segments the market by control method, pest, application and region. - Under control method, the pathogen and weed segment held the largest share in 2021 at nearly half of the global market. - The biological segment is projected to post the fastest CAGR at 7.2% during the forecast period. - The chemical segment is also covered in the study. - Under pest type, the invertebrates segment held around three-fifths of the market in 2021. - The others segment is projected to grow the fastest at 7.2% CAGR through 2031. - The vertebrates segment is also analyzed. - By application, the industrial segment held more than two-fifths of the market in 2021. - The agricultural segment is expected to grow the fastest, with a 7.0% CAGR through 2031. - The residential segment is also included in the analysis. - North America was the largest regional market in 2021, accounting for nearly half of global share. - Asia-Pacific is expected to record the highest CAGR at 7.2% from 2022 to 2031. - Europe and LAMEA are also covered in the regional review. - The report names Bayer Crop Science AG, AgBiTech, AgrichemBio, Hercon Environmental, Oxitec, BASF SE, Rentokil Initial Plc, Sumitomo Chemical Co., Ltd., FMC Corporation and ADAMA Ltd. as leading players. - The report says these companies have used expansion, new product launches and partnerships to strengthen market penetration. - The study also reviews each player's business performance, operating segments, product portfolio and developments. - A sample brochure is available here. - Customization requests are available here. - Statistical data, graphs and key player strategy details are available here. - The full summary report is available here. - More details are available here.

Between the lines: - The fastest-growing segments are biological control, agricultural applications and Asia-Pacific, suggesting continued demand for alternatives to conventional pest control. - The market's largest segments are still concentrated in industrial use, invertebrate pests and pathogen-and-weed control, which points to broad adoption across established use cases. - The report frames the opportunity as both geographic expansion and product/strategy competition among established companies.

What's next: - The market is expected to keep expanding through 2031 as segment-specific demand and regional growth continue. - Competitive activity is likely to center on expansion, product launches and partnerships. - Investors and market participants will likely use the report's segmentation to target the fastest-growing sub-markets.