Global Agricultural Pheromones Market is likely to Attain a CAGR of around 14% during 2021-26

According to MarkNtel Advisors’ research report, “Global Agricultural Pheromones Market Analysis, 2021,” the Global Agricultural Pheromones market is likely to witness around 14% CAGR during 2021-26. The soaring implementation of advanced technology for efficient crop monitoring, a significant rise in the demand for high-value crops, and escalating development of sustainable solutions to curb pests are the prime factors propelling the growth of the Global Agricultural Pheromones market. Moreover, increasing food crisis concerns due to locust attacks in India, Argentina, and Brazil and supportive government regulations to drive the adoption of agricultural pheromones by banning pesticides entwined with surging public health issues due to the increasing food contamination that result in human health poisoning are other critical factors likely to fuel the overall market growth in the forecast period.

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Key Questions Answered in the Study:
1. What are the current and future trends of the Agricultural Pheromones industry?
2. How has the industry been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Agricultural Pheromones industry?
5. What are the customer orientation, purchase behavior, and expectations from the Agricultural Pheromones firms across various regions?

Traps Dominated the Global Agricultural Pheromones Market

Based on Mode of Application, Traps dominated the market by grabbing more than 50% of the share in the previous year and is likely to attain the highest CAGR during 2021-26. The demand for traps has increased over the past few years as they help control species like whitefly and thrips. The sex-pheromone baited traps are amongst the most common types used in Brazil and Argentina. They also help reduce crop damage and increase grower returns. Moreover, farmers can change the pheromone filling in the different traps over a certain period. It helps limit pheromone usage and avoids the cost increase in farming.

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“Global Agricultural Pheromones Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Agricultural Pheromones providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Detection and Monitoring Accounted for Considerable Market Share

The Detection and Monitoring segment accounted for a considerable share of around 30% of the Global Agricultural Pheromones Market in the previous year. The application of semiochemicals in agriculture has surged significantly over the past years, owing to the burgeoning use of detection & monitoring, as it helps reduce the use of conventional pesticides. The demand for detection & monitoring functions in agricultural production is growing at a robust rate for the early detection of insects & infestation levels. Moreover, this also enables & tells efficient timing of application insecticides, thereby likely to fuel the overall market growth in the forecast period, states MarkNtel Advisors in their research report, “Global Agricultural Pheromones Market Analysis, 2021.”

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According to MarkNtel Advisors, the key players with a considerable market share in the Global Agricultural Pheromones market are Russell IPM, Shin-Etsu Chemical Company, Isagro S.p.A., Biobest Group, SEDQ Healthy Crops SL, ISCA Global, Suterra LLC, Provivi, Inc., Koppert Biological Systems, Pacific Biocontrol Corporation, Bio Controle, Bioline AgroSciences Ltd., Certis Europe, etc.

Market Segmentation:
1. By Type (Sex Pheromones, Aggregation Pheromones, Repellent Pheromones, Others)
2. By Mode of Application (Dispensers, Traps, Spray, Others)
3. By Species (Moths, Beetles & Bugs, Armyworm, Butterflies, Others)
4. By Crop Type (Fruits & Nuts, Vegetable, Others (Tea Plants, Flower))
5. By Function ((Detection & Monitoring, Mating Disruption, Mass Trapping)
6. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
7. By Country (US, Canada, Mexico, Brazil, UK, Germany, France, Spain, Italy, The Netherlands, China, Japan, South Korea, Australia, India, GCC, South Africa),
8. By Company (Russell IPM, Shin-Etsu Chemical Company, Isagro S.p.A., Biobest Group, SEDQ Healthy Crops SL, ISCA Global, Suterra LLC, Provivi, Inc., Koppert Biological Systems, Pacific Biocontrol Corporation, Bio Controle, Bioline AgroSciences Ltd., Certis Europe, etc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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