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Global Agricultural Pheromones Market 2023 Massive Growth, Industry Share, Key Drivers And Forecast To 2032 | Major Players Are ATGC Biotech Pvt Ltd., BASF SE, Bio Controle, Biobest Group NV, Novagrica
Agricultural Pheromones Market
The Business Research Company's Agricultural Pheromones Global Market Report 2023 identifies growing awareness of the risks of chemical pesticidesas the major driver for the Agricultural Pheromones Market's growth in the forecast period. The awareness of the risks of chemical pesticides has led people to adopt organic food as organic foods are grown using pheromones chemicals that are pest-free and are good for health. According to the Indian Brand Equity Foundation (IBEF), an Indian Government export promotion agency, the Indian organic business is expected to reach $ 10.73 billion by 2025 because chemical pesticides are harmful.
The global agricultural pheromones market size grew from $3.56 billion in 2022 to $4.11 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The agricultural pheromones market size is expected to grow to $7.56 billion in 2027 at a CAGR of 16.5%.
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Major competitors in the Agricultural Pheromones Market are ATGC Biotech Pvt Ltd., BASF SE, Bio Controle, Biobest Group NV, Novagrica, Pherobank BV, Provivi Inc., Russell IPM, Shin-Etsu Chemical Co Ltd., Suterra LLC, International Pheromone Systems Ltd., Syngenta, Exosect, Pheromone Chemicals, and Barrix.
A key trend in the Agricultural Pheromones Market includes technological advancement. Technological advancement is a discovery of knowledge that helps in developing products using technology. In 2022, Provivi a US-based biotechnology company, and Syngenta a Switzerland-based agrichemical company launched pheromone-based Nelvium to control detrimental rice pests. This Nelvium pheromone solution helps in controlling the pest. This innovation has been applied in Indonesia for crop protection.
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The Agricultural Pheromones Market is segmented -
By Type: Sex Pheromones, Aggregation pheromones, Other Types
By Function: Detection And Monitoring, Mass trapping, Mating disruption, Other Functions
By Crop Type: Field Crops, Vegetables, Orchard Crops, Other Crop Types
By Mode of Application: Dispensers, Traps, Sprayers
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Agricultural Pheromones Market.
The Business Research Company's "Global Agricultural Pheromones Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Agricultural Pheromones Market Include:
1. Executive Summary
2. Agricultural Pheromones Market Characteristics
3. Agricultural Pheromones Market Trends And Strategies
4. Agricultural Pheromones Market - Macro Economic Scenario
5. Agricultural Pheromones Market Size And Growth
……
26. Africa Agricultural Pheromones Market
27. Agricultural Pheromones Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agricultural Pheromones Market
29. Agricultural Pheromones Market Future Outlook and Potential Analysis
30. Appendix
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