Agricultural Pheromones Market Forecast: Insights into Future Growth and Key Players

Agricultural Pheromones Market by Crop Type (Fruits & Nuts, Field Crops, & Vegetable Crops), Function (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Dispensers, Traps, & Sprays), Type and Region - Global Forecast to 2029
The [https://www.prnewswire.com/news-releases/agricultural-pheromones-market-worth-8-2-billion-by-2028--exclusive-report-by-marketsandmarkets-301886020.html] is anticipated to grow significantly, projected to reach USD 9.6 billion by 2029, up from USD 4.5 billion in 2024, with a compound annual growth rate (CAGR) of 16.4% during this period. Several factors are driving the global demand for agricultural pheromones. Firstly, there is a notable shift away from chemical-intensive farming practices, with increasing emphasis on sustainable agriculture. Agricultural pheromones offer a targeted, natural pest management solution that reduces reliance on harmful pesticides. Furthermore, as the global population continues to rise, farmers are seeking innovative methods to enhance agricultural yields and meet the demand for increased food production. Pheromones play a crucial role in improving pollination and boosting agricultural productivity. Additionally, regulatory pressures and consumer preferences for pesticide-free products have further promoted the adoption of agricultural pheromones as a safe and eco-friendly pest control alternative.

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The agricultural pheromones market is a rapidly growing segment within the broader agrochemical industry, focusing on the use of pheromones for pest control and crop management. Pheromones are chemical signals emitted by insects and other organisms to communicate with others of the same species, particularly in mating and foraging behaviors. The application of pheromones in agriculture helps in monitoring and controlling pest populations, reducing the reliance on traditional chemical pesticides, and promoting sustainable farming practices.

Market Drivers

Sustainable Agriculture: There is an increasing demand for environmentally friendly pest management solutions due to growing awareness of the negative impacts of chemical pesticides on health and the environment.

Regulatory Support: Governments and agricultural organizations are promoting the use of biopesticides, including pheromones, through favorable regulations and incentives.

Technological Advancements: Innovations in pheromone formulations and delivery systems, such as pheromone traps and dispensers, enhance their effectiveness and adoption among farmers.

Increased Crop Yields: By effectively managing pest populations, pheromones contribute to improved crop health and higher yields.

Challenges

Market Awareness: Despite their benefits, pheromone-based solutions are still less known among many farmers, which can hinder market growth.

Cost Considerations: Initial costs for pheromone products can be higher than traditional pesticides, which may deter adoption, particularly among smallholder farmers.

Regulatory Hurdles: The approval process for new pheromone products can be lengthy and complex.

Market Outlook

The agricultural pheromones market is expected to witness significant growth in the coming years, driven by increasing demand for sustainable agriculture practices, technological advancements, and supportive regulatory frameworks. Market players are focusing on research and development to innovate new pheromone products and improve existing formulations to enhance their effectiveness and application scope.

[https://www.marketsandmarketsblog.com/agricultural-pheromones-market-key-factors-behind-markets-rapid-growth.html]

The agricultural pheromones market has been experiencing significant growth and transformation in recent years, driven by various factors and trends. Here are some key trends in the market:

Increased Adoption of Integrated Pest Management (IPM): Farmers are increasingly integrating pheromones into their pest management strategies as part of IPM programs. This approach reduces the reliance on chemical pesticides, promoting more sustainable agricultural practices.

Growth in Organic Farming: The rise in organic farming practices has fueled the demand for natural pest control solutions, including pheromones. Organic farmers prefer these products to minimize chemical usage and adhere to organic certification standards.

Technological Advancements: Innovations in pheromone formulation and application methods are enhancing their efficacy and usability. Improved delivery systems, such as biodegradable dispensers and traps, are being developed to maximize the effectiveness of pheromones in pest control.

Regulatory Support: Governments and regulatory bodies are increasingly supporting the use of biopesticides and pheromones as alternatives to synthetic chemicals. This regulatory backing is expected to further boost market growth.

Rising Awareness of Environmental Sustainability: As awareness of environmental issues grows, more farmers are seeking eco-friendly pest control options. Pheromones are considered environmentally safe, leading to increased demand in various agricultural sectors.

Diverse Crop Applications: Pheromones are being used across a wide range of crops, including fruits, vegetables, and grains. This diversification is expanding the market and encouraging research into new applications.

Emerging Markets: The agricultural pheromones market is seeing growth in emerging economies, where modern farming practices are being adopted. Increased investments in agriculture in regions like Asia-Pacific and Latin America are contributing to market expansion.

Collaboration and Partnerships: Companies in the agricultural pheromones sector are forming partnerships with research institutions and universities to drive innovation and improve product development. Collaborative efforts are leading to new product launches and enhanced market offerings.

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Agricultural Pheromones Market Segmentation

By Type

Sex Pheromones

Aggregation Pheromones

Other Types

By Function

Detection & Monitoring

Mass Trapping

Mating Disruption

By Crop Type

Field Crops

Fruits & Nuts

Vegetable Crops

Others

By Region:

North America

Europe

Asia Pacific

South America

Rest of the World (RoW)

Top Agricultural Pheromones Companies [https://www.marketsandmarkets.com/ResearchInsight/pheromone-market.asp?utm_source=paidpr&utm_medium=pheromone-market&utm_id=abnewswire.com]:

Shin-Etsu Chemical Co., Ltd (Japan), BASF SE (Germany), Mitsui & Co., Ltd. (Japan), Biobest Group NV (Belgium), and The Wonderful Company LLC (US) are among the key players in the global agricultural pheromones market. To strengthen their market position in the global agricultural pheromones market, key players are now focusing on strategies such as collaborations, partnerships, acquisitions, mergers, and expansions.

Shin-Etsu Chemical Co., Ltd. (Japan)

Shin-Etsu Chemical Co., Ltd., originally established as Shin-Etsu Nitrogen Co., Ltd., is a prominent manufacturer of agricultural pheromones. Initially focused on producing chemical fertilizers and limestone nitrogen, the company now operates across four business segments: infrastructure materials, electronics materials, functional materials, and processing & specialized services. The pheromone products are part of the functional materials segment. With a robust production network, Shin-Etsu boasts 27 domestic production facilities and 93 production bases worldwide, including locations in Asia, Oceania, Europe, North America, and South America. In Japan, the company has research and development divisions co-located with its production plants, facilitating rapid product development backed by comprehensive research support.

Koppert Biological Systems (Netherlands)

Koppert Biological Systems specializes in the production and distribution of biological solutions designed to address various agricultural challenges, such as pest and disease management, pollination enhancement, and promoting plant growth. The company offers a range of products, including pesticides, pollination systems, distribution equipment (like blowing devices and dispersal systems), and monitoring solutions. Notably, it also provides pheromone traps within its monitoring solutions category. Serving customers in over 100 countries, Koppert is committed to advancing sustainable growing practices. The company has established 30 subsidiaries across North America, South America, Asia-Pacific, and Europe. In January 2023, Koppert Biological Systems strengthened its market presence by acquiring Linderso AB, a leading distributor in Sweden, which enhances its commercial capabilities in the Scandinavian region.

Agricultural Pheromones Industry [https://www.marketsandmarkets.com/PressReleases/pheromone.asp?utm_source=paidpr&utm_medium=pheromone-market&utm_id=abnewswire.com] News:

In December 2023, Biobest Group N.V. announced its acquisition of Biotrop Participacoes S.A. ("Biotrop"), a key player in Brazil's biologicals sector. This strategic move aligns with Biobest's goal of ranking among the top 10 agricotech companies by 2034. The acquisition marks a significant shift for Biobest, transitioning from a specialist in horticultural biocontrol and pollination to a major biological solutions provider in agriculture, focusing on beneficial biopesticides, stimulants, inoculants, and pollination for both covered and open-field crops.

In February 2023, Pherobank introduced a new pheromone lure designed to attract Syngrapha parilis and Sympistis lapponica. This product launch aims to expand the company's portfolio and reach a broader customer base.

In January 2023, Koppert Biological Systems completed the acquisition of Linderso AB, a leading distributor in Sweden. This acquisition enhances Koppert's geographical footprint and strengthens its commercial position in the Scandinavian market.

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