Agricultural Pheromones Market Overview
Agricultural Pheromones Market size was valued at US$ 4.26 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 15% through 2024 to 2030, reaching nearly US$ 11.34 Bn
Many of the complex interactions among social insect colonies, such as bees, wasps, and ants, are mediated by pheromones. These include ant trails and honeybee alarm pheromones, to name a few. Conventional insecticides are declining in use. The European Union’s recent prohibition on insecticide groups of neonicotinoids, including as thiamethoxam and fipronil, is also expected to drive the growth of the agricultural pheromones market in Europe. The use of conventional inputs to boost crop output is on the rise, despite government efforts to increase knowledge about IPM.
Agricultural Pheromones Market Report Scope and Research Methodology
Plant pests and diseases have become more common as a result of rapid changes in climatic circumstances. Climate change has a big impact on agricultural output and insect susceptibility. Changes in climatic circumstances make crops more susceptible to various diseases and pests, lowering overall crop production. As a result, changes in the climate cause not just a shift in farming operations, but also a drop in crop output. These reasons have increased farmers’ reliance on reputable crop protection solutions for effective pest avoidance, resulting in increased demand in the agricultural pheromones market during the forecast period.
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Agricultural Pheromones Market Regional Insights
North America region is expected to dominate the Agricultural Pheromones market during the forecast period 2024-2030. North America region is expected to hold the largest market shares of xx% by 2030. The market for pheromones is rising in North America, due to an increasing range of uses in agriculture, forestry, and industry, including the food and pharmaceutical industries. The US Forest Service uses an ISCA formulation to suppress noctuid moths on row crops that also functions as a mating-disruption for the gypsy moth. Cotton, tomatoes, grapes, corn, pome fruits, and stone fruits are among the region’s most important agricultural crops. These are some of the crops that are vulnerable to insect assaults from the pink bollworm, leaf miner, codling moth, and berry moths, among others. Pheromones are utilised for mating disruption in North America.
Agricultural Pheromones Market Segmentation
Based on the Function, the agricultural pheromones market is segmented into Mating disruption, Detection & monitoring, and Mass trapping. Detection & monitoring segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Insect sex pheromones are used to detect and track the population of insects. Male insects are attracted to the sex pheromones released by female insects in the majority of cases. Trap baits are designed to precisely mimic the ratio of chemical components and emission rates found in female insects for this purpose. Adult pest species are detected using pheromone traps when they move from one region to another. These traps are used to monitor insect pest influxes like black cutworm, gypsy moth, and pink bollworm. The traps aid in forecasting the onset of a lifecycle stage in the insect population for monitoring purposes.
Agricultural Pheromones Market Key Players
Shin-Etsu Chemical Co., Ltd. (Japan)
Koppert Biological Systems (Netherlands)
Isagro Group (Italy)
Biobest Group NV (Belgium)
Suterra LLC (US)
Russell IPM (UK)
ISCA Technologies (US)
Trécé Incorporated (US)
Bedoukian Research, Inc. (US)
Pherobank B.V. (Netherlands)
BASF SE (Germany)
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Key questions answered in the Agricultural Pheromones Market are:
- What is Agricultural Pheromones?
- What was the Agricultural Pheromones market size in 2023?
- What is the growth rate of the Agricultural Pheromones Market?
- Which are the factors expected to drive the Agricultural Pheromones market growth?
- What are the different segments of the Agricultural Pheromones Market?
- What growth strategies are the players considering to increase their presence in Agricultural Pheromones?
- What are the upcoming industry applications and trends for the Agricultural Pheromones Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Agricultural Pheromones Market?
- What segments are covered in the Agricultural Pheromones Market?
- Who are the leading companies and what are their portfolios in Agricultural Pheromones Market?
- What segments are covered in the Agricultural Pheromones Market?
- Who are the key players in the Agricultural Pheromones market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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