Press release
Emerging Growth Patterns Driving Expansion in the Agricultural Pheromones Market
Agricultural Pheromones Market
Steady Expansion Forecast for the Agricultural Pheromones Market
The agricultural pheromones market is anticipated to experience rapid growth, reaching $12.78 billion by 2030. This represents an impressive compound annual growth rate (CAGR) of 16.4%. Several factors contribute to this surge, including the growth of organic and sustainable agriculture, wider adoption of smart pest monitoring systems, increased funding for pheromone research, and a rising preference for crop-specific pest control solutions. Technological advances in dispenser and trap designs further support market expansion. Among notable trends are the growing adoption of pheromone-based pest control methods, increased use of mating disruption techniques, demand for residue-free crop protection, the spread of integrated pest management programs, and enhanced pest population monitoring.
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Top Companies Leading the Agricultural Pheromones Sector
Several key players dominate the agricultural pheromones market, including Provivi, ISCA Technologies, Russell IPM, Shin-Etsu Chemical Co., Ltd., Trécé, Inc., Koppert Biological Systems, BASF SE, Biobest Group, Pherobank, Chemtica Internacional, Alpha Scents, International Pheromone Systems, Pheromone Chemicals India, Barrix Agro Sciences, ATGC Biotech, Gaiagen Technologies Pvt. Ltd., M2i Life Sciences SA, SEDQ Healthy Crops S.L., Pacific Biocontrol Corporation, SCIL, and Novagrica Hellas S.A.
Strengthening Market Presence Through Strategic Acquisitions
In December 2023, Sumitomo Chemical India, a manufacturer of agrochemicals, acquired Barrix Agro Sciences Pvt. Ltd., an Indian company specializing in pheromone-based integrated pest management (IPM) solutions. Although the acquisition amount was undisclosed, this move aims to enhance Sumitomo Chemical India's portfolio of biological and sustainable pest management products and broaden its offerings related to pheromone-based agricultural solutions across India. Barrix Agro Sciences focuses on research, development, and marketing of IPM products that emphasize pheromone technologies for effective pest control.
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Key Trends Shaping the Agricultural Pheromones Market
Strategic partnerships between leading companies are becoming a key approach to strengthening market positions and expanding reach. These collaborations foster innovation and accelerate the adoption of pheromone technologies in crop protection. For example, in January 2023, Bayer, a Germany-based pharmaceutical and biotechnology giant, partnered with France-based M2i Group to sell pheromone-based biological crop protection products globally to fruit and vegetable growers. Under this agreement, Bayer secured exclusive distribution rights for certain M2i products targeting lepidoptera pests in crops such as tomatoes, grapes, and stone and pome fruits. M2i Group specializes in producing pheromones and biocontrol solutions for agriculture.
Detailed Breakdown of Agricultural Pheromones Market Segments
This market is segmented by type, function, crop type, and mode of application. The primary categories include:
1) By Type: Sex Pheromones and Aggregation Pheromones
2) By Function: Detection and Monitoring, Mass Trapping, and Mating Disruption
3) By Crop Type: Field Crops, Vegetables, Orchard Crops, and Other Crop Types
4) By Mode of Application: Dispensers and Traps
Further subcategories for sex pheromones include lepidopteran, coleopteran, dipteran, synthetic blends, and species-specific pheromones. Aggregation pheromones are broken down into beetle, weevil, bark beetle, and species-specific categories.
This comprehensive segmentation highlights the market's diverse application and the specialized solutions being developed to meet varying agricultural needs worldwide.
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