Agricultural Pheromones Market Expected to Reach USD 8.2 Billion by 2028, Fueled by Growing Demand for Sustainable Pest Management

According to a research report published by MarketsandMarkets titled "Agricultural Pheromones Market by Crop Type, Function, Mode of Application, Type, and Region - Global Forecast to 2028," the agricultural pheromones market is anticipated to witness substantial growth, reaching USD 8.2 billion by 2028 from USD 3.9 billion in 2023. This represents a CAGR of 16.2% during the forecast period in terms of value. The increased adoption of pheromones as an integral part of pest management strategies in agriculture is attributed to technological advancements and innovations in farming practices.

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Key Findings:

Rising Demand for Eco-Friendly Pest Control:

The negative environmental and health impacts of traditional pesticides have led to a surge in the use of pheromones as a preferred alternative in agricultural pest management. These synthetic pheromones mimic natural ones and are employed for various purposes, including insect attraction, mass trapping, and disruption of mating rituals.

Dominance of Sex Pheromones and Mating Disruption Techniques:

Sex Pheromones Segment: In 2023, sex pheromones accounted for the largest share in the agricultural pheromones market due to their effectiveness in reducing insect populations and minimizing crop damage. Farmers increasingly favor this eco-friendly strategy for its chemical-free and sustainable nature.

Mating Disruption Segment: The mating disruption segment held the largest share in 2023, driven by its efficiency in pest control without heavy reliance on chemical pesticides. These tactics prevent pests from reproducing, reducing crop loss and controlling pest population growth.

Growing Significance of Dispensers in Precision Agriculture:

The dispenser's segment in the mode of application category holds the largest market share, propelled by the increasing adoption of precision agriculture. Precision techniques, requiring the focused and regulated release of pheromones, contribute to enhanced insect control and improved crop yields.

Fruits & Nuts Segment Leading Crop Type:

Fruits & Nuts Segment: The fruits and nuts segment dominated the agricultural pheromones market, driven by rising consumer demand for organic and sustainable farming methods. Pheromone-based solutions have proven effective in minimizing crop damage and increasing yields in fruit and nut production.

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Asia Pacific Emerging as a Key Market:

The Asia Pacific region is projected to witness the highest growth in the global agricultural pheromones market by 2028. Factors contributing to this growth include a growing awareness and adoption of sustainable farming practices, increased demand for organic produce, and governmental regulations promoting efficient pest control techniques.

Key Players:

The key players in the agricultural pheromones market include Shin-Etsu Chemical Co., Ltd (Japan), BASF SE (Germany), Mitsui & Co., Ltd. (Japan), Biobest Group NV (Belgium), The Wonderful Company LLC (US), Russell IPM (UK), ISCA Technologies (US), Trécé Incorporated (US), Bedoukian Research, Inc. (US), Pherobank (Netherlands), Koppert Biological Systems (Netherlands), Gowan Company (US), InVivo (France), Bio Controle (Brazil), and ATGC Biotech Pvt Ltd. (India).

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This release was published on openPR.