Press release
Semiochemicals Market Size, Share Analysis, Trends And Forecast (2024 - 2033)
Semiochemicals Market Analysis
The Business Research Company offers in-depth market insights through Semiochemicals Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The semiochemicals market size has grown rapidly in recent years. It will grow from $4.56 billion in 2023 to $5.37 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to market acceptance and education, pest resistance concerns, increased agricultural productivity demands, chemical ecology research, growing advancements in formulations.
The semiochemicals market size is expected to see rapid growth in the next few years. It will grow to $9.67 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to climate change impact, research and development investments, consumer demand for organic products, precision agriculture adoption, market expansion in developing regions. Major trends in the forecast period include biopesticide preference, targeted pest management, integrated pest management (ipm), expanding agricultural practices, pheromone technology advancements, consumer awareness.
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Market Segmentation:
The semiochemicals market covered in this report is segmented -
1) By Type: Pheromones, Allelochemicals
2) By Crop Type: Field Crops, Orchard Crops, Vegetable Crops
3) By Application: Detection And Monitoring, Mass Trapping, Mating Disruption
Major Driver - Surging Adoption Of Organic Farming Practices Drives Semiochemical Market
The rapid adoption of organic farming is significantly contributing to the semiochemicals market going forward. 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. For instance, according to a 2022 report released by the Department for Environment, Food and Rural Affairs (Defra), a UK-based government department responsible for environmental protection, food production, and standards, organic farming practices in the UK increased by 34 % in 2021 compared to 2020. Therefore, the rapid adoption of organic farming will drive the semiochemical market.
Competitive Landscape:
Major companies operating in the semiochemicals market report are Shin-Etsu Chemical Co. Ltd., Pacific Biocontrol Corp., Bedoukian Research, Suterra LLC, Pherobank, Isagro Group, Certis Europe B.V., Corteva Inc., Russell IPM Ltd, Koppert Biological System, CBC GmbH, Sumisho Electronics Devices Quality Assurance Ltd., Biobest Group NV, Bioline AgroSciences Ltd., Hercon Environmental, Scentry Biologicals Inc., BioPhero A/S, Laboratorios Agrochem S.L., Bioiberica S.A., Symbios Technologies Inc., BioWorks Inc., Sankyo Kasei Co. Ltd., Nihon Tokushu Noyaku Seizo Co. Ltd., Nippon Soda Co. Ltd., Mitsui Chemicals Agro Inc., Fumakilla Limited, Nufarm Limited, BASF SE, Bayer AG, Syngenta AG, Dow AgroSciences LLC, DuPont de Nemours Inc.
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Top Trend - Technological Advancement Revolutionizing Semiochemicals Market Presence
Technological advancements are the key trend gaining popularity in the semiochemicals market. 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.
The Table Of Content For The Market Report 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
…..
27. Semiochemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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