Pheromones Market Projected to Reach $4.23 Billion by 2022 | Key Players are Shin-Etsu Chemical, Russell IPM, Koppert, Isagro, and Pherobank

The report "Pheromones Market in Agriculture by Crop Type (Field Crops, Fruits & Nuts, Vegetables), Application (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Traps, Dispensers, Sprays), Type, and Region - Global Forecast to 2022", The pheromones market in agriculture is projected to grow at a CAGR of 16.26% from an estimated value of USD 1.99 Billion in 2017 to reach USD 4.23 Billion by 2022

The years considered for this report are as follows:

2016 – Base Year
2017 – Estimated Year
2022 – Projected Year

The market is driven by factors such as the successful implementation of integrated pest management practices for sustainable agriculture, growing research and cost-effective production processes, and the impact of pheromones on the reduced application of insecticides. Moreover, the demand is increasing in developing countries such as India and China where various schemes to incorporate sustainable agricultural practices has become a growing trend.

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Mass trapping method is projected to remain in the higher growth curve in the next five years

Factors such as availability of effective trap designs, innovative technical pheromone compounds, especially aggregation pheromones to capture insects of both the sexes are projected to fuel the demand of mass trapping as it can significantly control the insect population and limit insecticide application among crop growers.

Field crops are projected to be one of the important crop type segments in the pheromones market

The large cultivated area under field crops such as cotton, corn, rice, and sugarcane in developing regions of Asia Pacific and South America are projected to drive the application of insect pheromones in this segment for Integrated Pest Management (IPM) practices.

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Significant competition to capitalize the market potential among international manufacturers in the South American region

Rising export quality requirements for agricultural products and increasing adoption of IPM practices in important fruit-growing nations such as Brazil and Chile are expected to drive the demand for pheromones among the crop growers in the South American region during the forecast period. This would increase the inflow of many international manufacturers to set up their business units and distribution networks thereby leading to a strong market competition.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include Shin-Etsu Chemical (Japan), Russell IPM (UK), Koppert (Netherlands), Isagro (Italy), and Pherobank (Netherlands) which are some of the well-established and financially stable players that have been operating in the industry for several years. Other players include Biobest (Belgium), Pacific Biocontrol Corporation (US), Exosect (UK), Suterra (US), Bedoukian Research (US), ISCA Technologies (US), Troy Biosciences (US), and BIOCONT LABORATORY (Czech Republic).

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