- Historic year: 2019- 2022
- Base year: 2023
- Forecast: 2023 to 2032
- Representation of Market revenue in USD Million
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Global Agricultural Pheromones Market Size was valued at USD 3.6 Billion in 2022. The Agricultural Pheromones market industry is projected to grow from USD 4.4 Billion in 2023 to USD 13.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.60% during the forecast period (2023 - 2032).
Growing demand for crop protection goods and the usage of integrated pest management strategies, are the key market drivers enhancing the market growth according to a new report by Intellectual Market Insights Research.
The Agricultural Pheromones market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the Agricultural Pheromones market.
IPM emphasises long-term pest avoidance in addition to cultural and biological treatments, habitat change, the use of resistant cultivars, and other techniques. IPM and agricultural pheromones collaborate to offer pest protection with the fewest risks. This ensures that expenses are reduced and profits are increased. The most effective tactic is to mass-trap the pests and selectively exterminate them while causing no risk to the environment or human health. Many farmers use pheromone traps like tube traps and board traps to effectively catch moths and fruit flies and prevent them from hurting fruit and vegetable crops. Pheromones are also supported by governments of several countries as a means of reducing the impacts of toxic chemicals. As an illustration, the Indian Ministry of Agriculture & Farmers Welfare promotes IPM among farmers by offering them training and organising a number of Human Resource Development (HRD) activities, which is projected to hasten the growth of the global market.
The existing agricultural system mainly relies on insecticides to ensure pest eradication and high output. However, the ecology, parasites, beneficial natural predators, and human health are all adversely impacted by these xenobiotics. Thus, as people become more aware of the drawbacks of pesticides, alternative crop protection measures have been developed. Horticultural growers frequently employ sex pheromones and attractants to successfully manage pests and insects that damage their crops. The market is expanding as a result of the industry's extensive research and development efforts to improve the efficacy of these products. For instance, the Earlham Institute in England discovers and validates the biosynthetic enzymes responsible for producing the pheromones of the Coccoidea insect superfamily.
The current agricultural system makes extensive use of insecticides and pesticides to ensure pest elimination and boost yield. However, these insecticides are harmful to the environment and to human health. Therefore, as knowledge of the psychological impacts of pesticides has increased, the usage of alternative crop protection measures, such as insect pheromones, has increased. Thus, driving the Agricultural Pheromones market revenue.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Agricultural Pheromones Market market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Agricultural Pheromones Market sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Agricultural Pheromones Market sector. Major players in the Agricultural Pheromones market, including Russell IPM, Shin-Etsu Chemical Company, Isagro S.p.A., Biobest Group, SEDQ Healthy Crops SL, ISCA Global, Suterra LLC, Provivi, Inc., Koppert Biological Systems, and Pacific Biocontrol Corporation, are attempting to increase market demand by investing in research and development Types.
BASF SE (BASF) is a company that produces chemicals. It manufactures, markets, and sells chemicals, polymers, crop protection products, and performance items. The company's product line includes solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company works with a wide range of industries, including those related to building, woodworking, agriculture, electronics and electrical, paints and coatings, transportation, home care, nutrition, and chemicals. In partnership with international customers, partners, and researchers, BASF carries out R&D. The company's operations are supported by a global network of production facilities. It can be found all over the world, including in North America, Europe, Asia, South America, Africa, and the Middle East. The BASF corporate headquarters are in Ludwigshafen, Germany. In March 2022, xarvio SCOUTING, a smartphone app that offers farmers quick access to pheromone trap studies, was released by BASF Digital Farming GmbH, a division of BASF that develops digital farming solutions.
FMC Corp. (FMC), a chemical company, serves the agriculture sector. Fungicides, herbicides, and insecticides are produced, distributed, and sold by this company. In addition to being used in agriculture to increase crop output and quality by eliminating a wide variety of insects, weeds, and illnesses, these compounds are also employed in non-agricultural sectors for pest management. Insecticides are used to control a wide variety of pests, and the herbicide portfolio is used to target a wide variety of difficult-to-remove weeds. Additionally, it invests in a plant health programme that makes use of biological crop protection products, seed treatments, and micronutrients. Among other continents, it has facilities in Asia, South America, the Middle East, and Africa. The headquarters of FMC are located in the American city of Philadelphia. FMC Corporation, a provider of agricultural sciences, announced in June 2022 that it has finalised a deal to acquire BioPhero ApS, a Danish-based provider and researcher of pheromones.
Agricultural Pheromones Type Outlook
Agricultural Pheromones Function Outlook
Agricultural Pheromones Mode of Application Outlook
Agricultural Pheromones Crop Type Outlook
Agricultural Pheromones Crop Type Insights
The global Agricultural Pheromones market segmentation, based on Crop Type, includes fruits & nuts, field crops, vegetable crops, and other crop types (plantation crops, alfalfa, and ornamental crops). Fruits & nuts segment dominated the global Agricultural Pheromones market in 2022. Orchard crops are the most widespread crop varieties because of their vast cultivation for the production of fruits, nuts, and the high demand for high-value horticultural commodities. These crops are particularly vulnerable to pests such the peach tree borer, codling moth, and oriental fruit fly. The product is being utilised more commonly in the horticultural sector as a result.
Agricultural Pheromones Type Insights
The global Agricultural Pheromones market segmentation, based on Type, includes sex pheromones, aggregation pheromones, and other types (alarms pheromones, host-marking pheromones, and trail pheromones). Sex pheromones segment dominated the global market in 2022. The fact that sex pheromones are species-specific, active even in extremely low concentrations, and non-poisonous to humans or other animals are the main reasons for their widespread use. The California Environmental Protection Agency and other regulatory agencies across the world view the usage of lepidopteran sex pheromones as safe. Aggregate pheromones are becoming more and more well-liked by farmers as they assist in overcoming host resistance, offering potential growth prospects for the industry.
Agricultural Pheromones Function Insights
The global Agricultural Pheromones market segmentation, based on Function, includes mating disruption, detection & monitoring, and mass trapping. Mating disruption segment dominated the global market in 2022. Mating disruption is the practise of using sex pheromones, either female or male, to prevent insects from finding and mating with one another. Sexual disruption pheromones are more effective since they can reduce the number of pests. It is a well-known technique for getting rid of pests from forests, fruit trees, and vegetable crops.
Agricultural Pheromones Mode of Application Insights
The global Agricultural Pheromones market segmentation, based on Mode of Application, includes dispensers, traps, and sprays. Dispensers segment dominated the global Agricultural Pheromones market in 2022. Since agricultural pheromones are easy to use in the field, non-toxic, inexpensive to produce, and don't lose their active ingredients, they are administered with dispensers the majority of the time. It assists in the deployment of pheromones and other bioactive chemicals depending on the pest pressure.
Agricultural Pheromones Regional Insights
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Agricultural Pheromones Market dominated this market in 2022 (45.80%). This is a result of the region's widespread usage of integrated pest management techniques for crop protection. The use of environmentally friendly agrochemicals for crop protection is encouraged by both the Canadian and American governments. A number of well-known area businesses that manufacture agricultural pheromones, such as ISCA Technologies Inc. and Suterra LLC, are a major driver of the regional market. Farmers in North America utilise pheromones for precise pest management, and vigorous research into the development of new semiochemicals is another factor supporting the growth of the regional industry. Further, In the North American area, the U.S. Agricultural Pheromones Market market had the biggest market share, while the Canada Agricultural Pheromones Market market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe Agricultural Pheromones market accounted for the healthy market share in 2022. As the horticultural industry has grown in a number of European countries, including Spain, France, and the United Kingdom, the demand for effective crop protection solutions has increased. The price of the product is influenced by the large requirement for agrochemicals and natural pest management techniques for essential fruit crops such plums, grapes, peaches, and apples. Further, In the European region, the German Agricultural Pheromones Market market had the biggest market share, and the U.K. Agricultural Pheromones Market market had the quickest rate of growth.
The Asia Pacific Agricultural Pheromones market is expected to register significant growth from 2023 to 2032. Agricultural pheromones are being used more frequently by farmers in Asia and the Pacific to boost crop output and raise profits. Unique and reasonably priced active components are being added to products more frequently, which is strengthening the regional market and lowering the overall production cost of the product while increasing its efficacy. The greater understanding of product application and its advantages for yield development and decreasing agricultural damage brought on by pests and insects is what is driving the sales momentum of agricultural semiochemical goods. Moreover, In the Asia-Pacific region, the Indian Agricultural Pheromones Market market had the quickest rate of growth while China's Agricultural Pheromones Market market had the greatest
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25 Oct 2023