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Agricultural Pheromones Market 2024 Analysis Of Production, Future Demand, Sales And Consumption Research Report To 2033
Agricultural Pheromones Global Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Agricultural Pheromones industry. This report on Agricultural Pheromones market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The agricultural pheromones market size has grown rapidly in recent years. It will grow from $4.29 billion in 2023 to $5.09 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to economic growth, rise in crop losses, investment in research and development, expansion of agricultural production, need for food safety.
The agricultural pheromones market size is expected to see rapid growth in the next few years. It will grow to $9.6 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to growing global population, expansion greenhouse farming, rising e-commerce platforms, rising consumer demand for pesticide-free produce, emerging markets for organic and specialty crops. Major trends in the forecast period include integrated pest management (ipm) adoption, customized pheromone blends, collaborative research initiatives, diversification of pheromone types, synthetic pheromone production
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Key Market Players:
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.
Market Drivers:
According to the Agricultural Pheromones Market Report 2023 by The Business Research Company, the key factors driving the growth of the Agricultural Pheromones market, includes technological advancements are shaping the agricultural pheromones market. 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 pests. This innovation has been applied in Indonesia for crop protection.
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Market segments for Agricultural Pheromones include:
1) By Type: Sex Pheromones, Aggregation pheromones, Other Types
2) By Function: Detection And Monitoring, Mass trapping, Mating disruption, Other Functions
3) By Crop Type: Field Crops, Vegetables, Orchard Crops, Other Crop Types
4) By Mode of Application: Dispensers, Traps, Sprayers
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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