Semiochemicals Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Semiochemicals Global Market Report 2023 identifies rapid adoption of organic farming as the major driver for the semiochemicals market's growth in the forecast period. Organic farming refers to the agricultural method that uses biological fertilizers made chiefly from animal and plant wastes, nitrogen-fixing cover crops, and insect treatments with an ecological basis. Semiochemicals are used in organic farming for pest control as they are generated naturally from plants, making them suitable for organic farming methods. Semiochemicals in agriculture have become increasingly used due to their effectiveness and low environmental impact.

The global semiochemicals market size is expected to grow from $3.87 billion in 2022 to $4.56 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. 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 global semiochemicals market size is expected to reach $8.3 billion in 2027 at a CAGR of 16.3%.

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Major competitors in the semiochemicals market are Shin-Etsu, Pacific Biocontrol Corp., Bedoukian Research, Suterra, Pherobank, Isagro Group, Certis, Corteva Inc., Russell IPM Ltd.

A key trend in the semiochemicals market includes technological advancement. Major companies operating in the semiochemicals market are focusing on increasing their applications on important crops such as rice and wheat. For instance, in March 2022, Provivi Inc., a US-based biotechnology company, partnered with Syngenta Crop Protection, a Switzerland-based crop protection company, to launch Nelvium, a new mating disruption technology to control harmful pests in rice more successfully and safely. Pheromone solutions offer an essential service in insect control, ensuring that using natural technologies can maximize the efficacy and scalability of pest management programs while significantly reducing the emergence of resistant populations.

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The semiochemicals market is segmented -
• By Type: Pheromones, Allelochemicals

• By Crop Type: Field Crops, Orchard Crops, Vegetable Crops

• By Application: Detection And Monitoring, Mass Trapping, Mating Disruption

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the semiochemicals market.

The Business Research Company's "Global Semiochemicals 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 Semiochemicals Market Include:
1. Executive Summary
2. Semiochemicals Market Characteristics
3. Semiochemicals Market Trends And Strategies
4. Semiochemicals Market - Macro Economic Scenario
5. Semiochemicals Market Size And Growth
……
26. Africa Semiochemicals Market
27. Semiochemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Semiochemicals Market
29. Semiochemicals Market Future Outlook and Potential Analysis
30. Appendix

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