Emerging Trends and Future Prospects of the Global Agricultural Pheromones Market: Size, Segmentations, Key Players, and Forecast 2023-2032

The global agricultural pheromone market size is estimated at USD 3.18 billion in 2021. The market is expected to grow from US$ 3.66 billion in 2022 to US$ 10.78 billion in 2032, growing at a CAGR of 16.67% during the forecast period. The global COVID-19 pandemic is unprecedented and staggering, with all regions experiencing lower than expected demand for agricultural pheromones compared to pre-pandemic levels. According to our analysis, the global market in 2020 registered a 7.13% decline compared to 2019.

Pheromones are chemicals secreted by insects and animals that are used to attract mates, communicate threats, and find food. Such chemical pheromones, also called semiochemicals, have proven to be used as essential elements for insect surveillance and pest control in agriculture. These agricultural pheromones are synthetic copies of natural pheromones that help attract and attract insects. It is used for various purposes by making full use of multiple strategies such as mating disruption, attraction, and mass capture. Therefore, the increasing use of sustainable and effective agrochemical products is expected to increase the demand significantly in the coming years.

Growing demand for agricultural products necessitates the use and deployment of advanced agricultural pheromone technology to increase profits and yields. For example, behavioral manipulation of pheromones in combination with appropriate pheromone donors can help achieve high performance. According to his 2011 research paper published in the Journal of Applied Enmorology, the use of sealed polyethylene vials and Special Pheromone & Lure Application Technology (SPLAT) disrupts the communication of millet stem foraminifera. Therefore, the use of agricultural pheromones in combination with other control methods to eradicate pests will contribute to the growth of the market.

Integrated pest management (IPM) practices focus on long-term pest prevention combined with cultural and biological management, habitat manipulation, and use of resistant varieties. Combining IPM with agricultural pheromones provides protection from pests and minimizes risk. This maximizes profits and reduces costs. The most effective approach is to hunt pests en masse and selectively kill them without risking human health or the environment.

Many farmers use pheromone traps such as tube traps and board traps to efficiently trap moths and fruit flies and prevent damage to fruit and vegetable crops. Additionally, governments of various countries are promoting pheromones to reduce the effects of toxic chemicals. For example, the Ministry of Agriculture and Farmer Welfare of India is promoting her IPM among farmers by training them and organizing several human resource development (HRD) programmes, which will boost the growth of the global market. It is hoped that it will be promoted.

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Market Segmentation:
By Types
Sex Pheromones
Aggregation Pheromones

By Applications
Field Crops
Fruit & Nuts
Vegetable Crops

Following are Top Key players Covered in Report:
ISAGRO
Biobest
Suterra
Russell IPM
Broadcom
Bedoukian Research
Troy Biosciences
Laboratorios Agrochem
Pacific Biocontrol
Exosect
Pherobank

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Regional Analysis:
1. North America: In North America, countries like the United States and Canada have a significant presence in the agricultural pheromones market. These countries have advanced agricultural practices and a high demand for eco-friendly pest management solutions, which drives the market growth.

2. Europe: European countries such as Germany, France, Spain, and the Netherlands are major players in the agricultural pheromones market. The region has a strong focus on sustainable agriculture and integrated pest management, which fuels the adoption of pheromone-based solutions.

3. Asia-Pacific: The Asia-Pacific region, including countries like China, India, Japan, and Australia, holds substantial potential for the agricultural pheromones market. Increasing population, growing awareness about sustainable farming practices, and the need for high-quality crop production drive the market in this region.

4. Latin America: Countries like Brazil, Argentina, and Mexico have a significant presence in the agricultural pheromones market in Latin America. These countries have a large agricultural sector, and there is a growing trend towards adopting environmentally friendly pest control methods, which boosts the market growth.

5. Middle East and Africa: In this region, countries like South Africa, Kenya, and Morocco show potential in the agricultural pheromones market. The demand for pest control solutions in agriculture is increasing due to rising food security concerns and the need to enhance crop yields.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Agricultural Pheromones market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Agricultural Pheromones would help in identifying future applications in this market.

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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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