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Agricultural Micronutrients Market: Impressive Growth, Key Players, and Future Trends
Agricultural Micronutrients Market
Innovations and the Rising Demand for Pesticide-Free Produce Continue to Fuel the Growth of the Agricultural Pheromones Market
What Is The Projected Market Size Of The Global Agricultural Pheromones Market And Its Growth Rate?
The rapid growth of the agricultural pheromones market has been dynamic in recent years. Key figures include:
- Market Size in 2024: $5.06 billion
- Growth to $5.98 billion in 2025 at a CAGR of 18.2%
- Projected Growth to $11.31 billion in 2029 at a CAGR of 17.3%
Growth factors in the historic period include economic growth, rise in crop losses, investment in research and development, and expansion of agricultural production, need for food safety. Forecast period growth is primarily driven by a growing global population, expansion of greenhouse farming, rising e-commerce platforms, consumer demand for pesticide-free produce, and emerging markets for organic and specialty crops.
What Is Driving The Growth In The Agricultural Pheromones Market?
Increased awareness around the risks of chemical pesticides is driving growth in the agricultural pheromones market. People are turning to organic foods that use pest-free pheromone chemicals rather than harmful pesticides, contributing to market growth. The Indian organic business, for example, is anticipated to reach $10.73 billion by 2025. This shift towards organic and awareness of the dangers of chemical pesticides is facilitating significant market growth.
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Who Are the Key Players Driving Agricultural Pheromones Market Growth?
Key companies in the agricultural pheromones market include:
- 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, Exosect Ltd.
What Are The Key Trends In The Agricultural Pheromones Market?
Key market trends include:
- Adoption of integrated pest management (IPM)
- Customized pheromone blends
- Collaborative research initiatives
- Diversification of pheromone types
- Production of synthetic pheromones
What Are The Segments Of The Global Agricultural Pheromones Market?
The agricultural pheromones market is divided into the following segments -
- By Type: Sex Pheromones, Aggregation Pheromones, Other Types
- By Function: Detection And Monitoring, Mass trapping, Mating disruption, Other Functions
- By Crop Type: Field Crops, Vegetables, Orchard Crops, Other Crop Types
- By Mode of Application: Dispensers, Traps, Sprayers
Which Region Leads The Agricultural Pheromones Market?
North America led the agricultural pheromones market in 2024 and is also anticipated to be the fastest-growing region during the forecast period. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Agricultural Pheromones Market Global Market Report?
- Market Size Analysis: Analyze the Agricultural Pheromones Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agricultural Pheromones Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Agricultural Pheromones Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agricultural Pheromones Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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