Press release
Global Agricultural Pheromones Market Size Worth USD 1,545.21 Million By 2030 | Growth Rate (CAGR) of 12.34%
Market Overview:The Global Agricultural Pheromones Market Size Was Valued At USD 684.3 Million In 2023 And Is Projected To Reach USD 1,545.21 Million By 2030, Growing At A CAGR Of 12.34% From 2023 To 2030.
Farmers and market participants have increasingly used pheromones as part of their integrated pest management approach as agricultural techniques and technology have advanced. These synthetic copies of natural pheromones play an important role in attracting and capturing insects, and they are used for a variety of purposes, including luring pests, mass trapping, interrupting mating activities, and more. Pheromones have gained great traction as a very effective alternative to traditional pesticides due to their capacity to reduce the negative effects that conventional pesticides can have on the environment, human health, and other organisms.
Top Key Players Involved Are:
"Shin-Etsu Chemical Co. Ltd. (Japan), Koppert Biological Systems (Netherlands), Isagro Group (Italy), Biobest Group NV (Belgium), Suterra LLC (US), Russell IPM (UK), ISCA Technologies (US), Trécé Incorporated (US), Bedoukian Research Inc. (US), Pherobank BV (Netherlands), BASF SE (Germany), Certis Europe BV (Netherlands), Bioline Agrosciences Ltd. (US), Bio Controle (Brazil), ATGC Biotech Pvt Ltd. (India), Sumi Agro France (France), SEDQ Healthy Crops S.L. (Spain), Laboratorios Agrochem S.L. (Spain), Novagrica (Greece), International Pheromone Systems (UK)"
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Market Dynamics:
Driver:
Several factors in the agricultural industry are driving the increased demand for crop protection products, including agricultural pheromones. Globally, there is a rising emphasis on sustainable farming techniques. Pheromones aid in pest management by interrupting mating patterns, lowering the demand for chemical insecticides, and reducing environmental effect. Concerns about the dangers of chemical pesticides to human health, beneficial creatures, and the environment have prompted a shift toward safer and more sustainable pest management approaches.
Opportunities:
The growing public knowledge of the dangers of synthetic pesticides has generated a big opportunity for the agricultural pheromones business. As consumers, farmers, and regulatory agencies become increasingly aware of the potential harms that chemical pesticides can cause to human health, beneficial species, and the environment, there is a growing need for safer, more sustainable alternatives. Agricultural pheromones appear to provide a possible answer to this issue. Pheromones are natural substances that insects use to communicate with one another for a variety of reasons, including mating. Farmers can use pheromones to interrupt pest mating habits, successfully managing pest populations without relying on broad-spectrum chemical pesticides.
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Market Segmentation
By Type
• Sex Pheromones
• Aggregation Pheromones
• Repellent Pheromones
• Others
By Function
• Mating Disruption
• Detection & Monitoring
• Mass Trapping
By Application
• Dispensers
• Traps
• Spray Method
By Crop Type
• Field Crops
• Orchard Crops
• Vegetables
• Others
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Regional Analysis of The Agricultural Pheromones Market
North America is Expected to Dominate the Market Over the Forecast Period. North America is anticipated to dominate the agricultural pheromones market over the forecast period. Several factors contribute to the region's dominant position: North America has a well-developed and highly productive agricultural sector. The region is a major producer of various crops, including grains, fruits, vegetables, and specialty crops. With a large number of farms and a focus on high-quality, high-yield agriculture, the demand for effective crop protection solutions such as agricultural pheromones is significant.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Key Industry Developments in the Agricultural Pheromones Market
In March 2023, BASF presents the latest advancements in its agricultural innovation pipeline of crop protection, seeds and traits, and digital solutions. Their focus is to provide much-needed solutions for farmers to overcome local and crop system-specific pest pressures, climate challenges, changing regulatory requirements, and rising consumer expectations.
In February 2023, Newly available Pherobank products, pheromone lures for Syngrapha parilis and Sympistis lapponica. In a joint effort with Markus P. Rantala1 to formulate a new attractant for Polia species, interestingly one of the pheromone mixtures was found to attract large numbers of Syngrapha parilis and another large number of Sympistis lapponica.
The report covers exhaustive analysis on:
• The market size and industry growth rate of the global and regional market across various segments
• Based on extensive primary and secondary research this report provides comprehensive and granular data
• Key technological advancements and market trends that shape the market
• Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2023-2030
• Key companies operating in the global Agricultural Pheromones market and their market share
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