Agricultural Pheromones Market to Witness Impressive Growth Due to Rising Demand for Eco-friendly Pest Management

The agricultural pheromones market is set to achieve remarkable growth, as per the research report "Agricultural Pheromones Market by Crop Type, Function, Mode of Application, Type, and Region - Global Forecast to 2028" by MarketsandMarkets. The market is projected to reach USD 8.2 billion by 2028, exhibiting a CAGR of 16.2% in terms of value during the forecast period from 2023 to 2028.

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The adoption of pheromones as an integrated pest management strategy has seen a significant increase among farmers and market participants, owing to technological advancements and innovations in agricultural practices. Synthetic pheromones, resembling natural ones, are preferred for attracting and gathering insects, enabling various applications such as mass trapping, mating disruption, and detection & monitoring. The rising concerns over negative impacts of conventional pesticides on the environment, human health, and wildlife have driven the preference for pheromones as a safer alternative for agricultural pest management.

The sex pheromones segment leads the type category in terms of value, as it efficiently reduces insect populations and minimizes crop damage by disrupting mating routines. This eco-friendly and chemical-free approach is becoming increasingly popular among farmers for sustainable pest control.

Mating disruption holds the largest share in the function segment due to its efficacy in pest control without relying heavily on chemical pesticides. By preventing pests from reproducing, mating disruption helps reduce crop loss and pest population growth, aligning with the growing demand for environmentally friendly and sustainable agriculture practices.

Dispensers dominate the mode of application segment, driven by the increasing adoption of precision agriculture techniques that require regulated release of pheromones. Dispensers offer farmers a convenient way to apply pheromones, enhancing insect control and crop yields.

In terms of crop type, the fruits & nuts segment leads the market, attributed to rising consumer demand for organic and sustainable farming practices. The efficiency of pheromone-based solutions in minimizing crop damage and increasing yields in fruit and nut production further drives its expansion.

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The Asia Pacific region exhibits the largest growing market in terms of value, owing to the increasing awareness and adoption of sustainable farming practices, demand for organic produce, and favorable governmental regulations in the region. Additionally, research and development advancements in pheromone-based solutions have improved their affordability and effectiveness, boosting the market in North America.

Key players in the agricultural pheromones market include Shin-Etsu Chemical Co., Ltd, BASF SE, Mitsui & Co., Ltd., Biobest Group NV, The Wonderful Company LLC, Russell IPM, ISCA Technologies, Trécé Incorporated, Bedoukian Research, Inc., Pherobank, Koppert Biological Systems, Gowan Company, InVivo, Bio Controle, and ATGC Biotech Pvt Ltd.

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