Bungang-ipot is threatened by a number of factors, including deforestation, climate change, and poaching. Deforestation is the clearing of forests for agriculture, development, or other purposes, and it destroys the host trees that bungang-ipot needs to survive. Climate change is causing the temperature and humidity of the rainforests to change, which is making it difficult for bungang-ipot to reproduce. Poaching is the illegal harvesting of bungang-ipot flowers, which are sold for their medicinal and ceremonial uses.
The conservation status of bungang-ipot is considered to be critically endangered, and it is listed on the International Union for Conservation of Nature (IUCN) Red List of Threatened Species. There are a number of conservation efforts underway to protect bungang-ipot, including the establishment of protected areas, the reforestation of degraded forest areas, and the education of local communities about the importance of bungang-ipot conservation.