Press release
COVID-19 Impact Affects Semiochemicals Market Globally in 2020; key players are SEDQ, Agrichem Laboratories S.L, Suterra, Russell IPM. and more
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Some of the key semiochemicals market manufacturers include:
• Isagro
• Bedoukian Research
• Pacific Biocontrol Crop
• AgriSense BCS Ltd
• Pherobank
• Shine- Etsu
• BASF
• SEDQ (Spain)
• Agrichem Laboratories S.L.
• Suterra
• Russell IPM.
As per current semiochemicals market trends, the pheromones segment is dominating the market with aggregation and sex pheromone segments are contributing to the maximum semiochemicals market share. This is because these segments help to disrupt the copulation of insects and prevent them from multiplying. Among the two, the aggregation segment is the highest on-demand as it helps to eradicate both male and female insects by attracting them.
The Report Throws Light on:
• Elaborative semiochemicals market analysis with base and forecast figure and CAGR
• Key drivers, restraints, trends, and opportunities of the semiochemicals market.
• List of key players in the semiochemicals market
• Industry developments and their impact on the entire market
• Detailed segmentation of the market
• Key industry insights of the market
• Other semiochemicals market trends
The increasing demand for high-value crops is a major factor boosting the semiochemicals market growth. Apart from this, the rise in need for maintaining good quality in crops and protecting them from insects and pests is also helping to increase the overall semiochemicals market share in the coming years.
On the contrary, the manufacturing and maintenance cost of active ingredients used for making semiochemicals is very high. This may cause major hindrance to the overall semiochemicals market revenue in the coming years. Nevertheless, the adoption of synthetic biological methods for preparing semiochemicals to reduce this maintenance and manufacturing cost is further anticipated to help increase the semiochemicals market size in the coming years.
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Asia Pacific to Witness Robust Growth with Rising Demand for Food
From a geographical perspective, the global semiochemicals market is categorized into five major regions namely South America, Europe, Asia Pacific, North America, and the Middle East and Africa. Each of these regions is further categorized into countries. Among all these, North America is holding a dominant semiochemicals market share on account of the rise in the adoption of integrated pest control systems for sustainable agriculture. Besides that, the rise in food trade within the region increases the demand for high yielding of good quality food in nations such as Canada, Mexico, and the US. The presence of a large cultivation area provides space for high-value plantation, and this is further anticipated to help this region continue earning high semiochemicals market share in the forecast period as well.
On the other hand, the Asia Pacific market share is likely to witness robust speed on account of the increased demand for food to feed the increasing population in developing nations such as China and India. Additionally, the surging demand for fruits and agricultural products export from nations such as Brazil, Chile, and others will help this region witnessed the fastest semiochemicals market growth in the forecast period.
Heavy Investments in Product Launches to Benefit Semiochemicals Market Manufacturers
Key semiochemicals market players are producing traps for controlling harmful pests such as grapevine moth, codling moth, diamond moth, and others by the lure and kill, mating disruption, mass trapping, and other such strategies. This initiative will help generate high semiochemicals market revenue in the forecast period.
Some of the key industry developments in the semiochemicals market are:
November 2018 – Cidetrak EGVM Meso, a pheromone product, was launched by Syngenta in Chile. This product is specially designed for controlling the European grapevine moth.
September 2018 – A seed round investment was USD 2.9 million was made by Syngenta Ventures in BioPhero. BioPhero is a Danish Pheromone Based startup for pest control.
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