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Agricultural Pheromones Industry Expected to Reach $11.07 Billion by 2029 at 16.9% CAGR
Agricultural Pheromones Market
Agricultural Pheromones Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the agricultural pheromones market has seen rapid expansion. The market size is forecasted to increase from $5.06 billion in 2024 to a whopping $5.94 billion in 2025, with a compound annual growth rate (CAGR) of 17.4%. Economic growth, an escalating rate of crop destruction, investments towards research and development, increased agricultural production, and the essential requirement for food safety are key driving factors contributing to the expansion in the historic timeframe.
What Will Be the Market Growth Forecat for Agricultural Pheromones in 2029?
In the coming years, a swift expansion is anticipated in the size of the agricultural pheromones market. The market is predicted to surge to $11.07 billion in 2029, with a compound annual growth rate (CAGR) of 16.9%. This growth during the forecast period is mainly due to the ever-rising global population, increase in greenhouse farming, growth of online shopping platforms, and escalating consumer demand for goods free from pesticides, as well as developing markets for organic and specialty crops. Notable trend predictions for this period include the adoption of integrated pest management (ipm), the innovation of tailor-made pheromone blends, cooperative research initiatives, proliferation of pheromone categories, and the production of synthetic pheromones.
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What Are the Core Competitive Drivers in the Agricultural Pheromones Industry?
An increased understanding of the dangers associated with chemical pesticides is predicted to spur the expansion of the agricultural pheromones market. This awareness has given rise to a preference for organic food, grown using pheromone chemicals that are devoid of pests and beneficial for health. The Indian Brand Equity Foundation (IBEF), a governmental export promotion agency, predicts that due to the harmful effects of chemical pesticides, the Indian organic industry could reach a value of $10.73 billion by 2025. Consequently, this heightened consciousness about the potential risks of chemical pesticides is likely set to stimulate the advancement of the agricultural pheromones market.
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Which Agricultural Pheromones Market Segment Is Projected to See the Fastest Growth?
The agricultural pheromones market covered in this report is segmented -
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
Subsegments:
1) By Sex Pheromones: Female Sex Pheromones, Male Sex Pheromones, Synthetic Sex Pheromones
2) By Aggregation Pheromones: Attractant Aggregation Pheromones, Alarm Aggregation Pheromones
3) By Other Types: Trail Pheromones, Food Source Pheromones, Alarm Pheromones, Contact Pheromones
Which Trends Are Opening New Opportunities in the Agricultural Pheromones Market?
The evolution of technology is influencing the market for agricultural pheromones. This progression is marked by the unearthing of new knowledge that aids in the development of products, thanks to the advent of technology. In the year 2022, technological innovation was on full display when Provivi, a biotechnology firm based in the United States, teamed up with Syngenta, a Swiss agrichemical company, to introduce Nelvium, a pheromone-based solution, engineered specifically for curbing the menace of harmful pests in rice crops. This cutting-edge solution significantly bolsters pest control measures, a breakthrough that was first realized in Indonesia as a means for crop protection.
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Who Are the Leaders in the Agricultural Pheromones Market?
Major companies operating 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., Pheromone Chemicals Ltd., Barrix Agro Sciences Pvt. Ltd., Isagro S.p.A., SEDQ Healthy Crops SL, ISCA Technologies Inc., Koppert Biological Systems B.V., Pacific Biocontrol Corporation, Bedoukian Research Inc., Trécé Inc., Isca Technologies Inc., Bioline AgroSciences Ltd., BioPhero ApS, Bioiberica S.A.U., BioWorks Inc., Certis Europe B.V., ChemTica International S.A., ConTech Enterprises Inc.
Which Regional Agricultural Pheromones Markets Offer the Greatest Growth Potential?
North America was the largest region in the agricultural pheromones market in 2024. North America is expected to be the fastest-growing region in the agricultural pheromones market share during the forecast period. The regions covered in the agricultural pheromones market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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