Post COVID Impact On Agricultural Pheromones Market by 2027 Major Market Players Are Isagro group, Biobest group, nv Suterra llc, Russell ipm, Isca technologies

Global Agricultural Pheromones Market is valued approximately at USD 2.46 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 18.4% over the forecast period 2021-2027. Agricultural pheromones are chemical signals used to monitor, trap, or disrupt pest insects in agricultural fields. Market companies and farmers can now utilize pheromones as an integrated pest management tool thanks to technological improvements and agricultural technique innovation. These pheromones are synthetic versions of natural pheromones that aid in insect aggregation and attraction. They're utilized for a variety of reasons, including mating disruption, enticing, mass trapping, and other tactics.

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Agricultural pheromones are substances produced by insects to communicate with one another, and they're used in a variety of pest control methods. Because of the harmless nature of pheromones and their health benefits, more and more agricultural pheromones are being produced and consumed. The market's expansion has been aided by the introduction of novel forms of pheromones. The agricultural pheromones market is likely to be driven by the implementation of integrated pest management methods, expansion in agricultural research, cost-effective production procedures for sustainable farming, and the impact of pheromones on the reduction of pesticides.

Major Drivers, Restraints, Challenges and Opportunities
As a result of the growing acceptance of sustainable farming techniques, the worldwide agricultural pheromones market is expected to grow at a considerable CAGR over the forecast period. To limit the number and impact of insects in the field, farmers and market participants are using integrated pest management approaches such as pheromone traps. The industry is also being driven by an increase in government activities to promote the use of semi chemicals for pest management. The need for mass trapping is expected to be fueled by technological advancements in pheromone compounds, particularly aggregation pheromones for catching insects, and the availability of effective trap designs.

The increased resistance of a few pests to traditional pesticides has resulted in increased active component dose and crop protection chemical application frequency. As a result, the cost of crop protection rises as pesticides are used and applied more frequently. Farmers and other crop producers have been forced to look for pest control options, such as agricultural pheromones. The adoption has been aided by increased awareness of pesticide toxicity and the dangers of synthetic chemical pesticides to helpful natural predators and parasites.

Market Segmentation
On the basis of type, aggregation pheromones, repelling pheromones, sex pheromones, and other pheromones make up the market. The sex pheromones segment is dominating the market since sex pheromones are most commonly used to attract insects and aid in mass trapping while altering the normal sex hormones' function.
On the basis of mode of application, dispensers, traps, and spray are some of the market segments. The market is dominated by dispensers, which are used to protect crops from additional harm.

Regional Outlook
North America is likely to lead the worldwide agricultural pheromones market over the forecast period owing to increased adoption of pheromone traps over conventional insecticides. However, due to the increased presence of foreign and local companies in the area and the increased adoption of pheromone traps by numerous fruit and field crop growers, the market in Asia Pacific is expected to develop at the fastest rate during the forecast period. The use of agricultural pheromones in orchard crops in Chile and Brazil is expected to increase as export demand for agricultural products from these nations rises.

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Competitive Landscape
The leading players in the agricultural pheromones market are Koppert Biological Systems, Pherobank B.V., Bioline AgroSciences Ltd., ATGC Biotech Pvt Ltd., Isagro Group, Russell IPM, Bio Controle, ISCA Technologies, Biobest Group NV, and Certis Europe BV.

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This release was published on openPR.