The global agricultural pheromones market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are influence of pheromones on insecticide reduction, availability of cost-effective production procedures for sustainable farming, and surging use of integrated pest management. Also, management, expansion, and development in the field of agriculture would also boost market growth.
Pheromones are defined as chemicals utilized by insects, as well as other animals to communicate with one another. Also, these chemicals are used in agricultural fields used to monitor, trap or disrupt pests that are toxic. Pheromones are synthetic versions of natural pheromones. These help in attracting insects. Today, farmers and key market participants are utilizing pheromones as an integrated pest management technique. This is happening as a result of rapid improvements in agricultural technique and ongoing technological advancements worldwide.
Moreover, agricultural pheromones have various health benefits and are non-toxic in nature. Hence, their usage is set to surge at a fast pace in the upcoming years. Early detection of pests and insects would occur with the usage of agricultural pheromone traps. They would also aid in lowering damages to agriculture and other plants. The introduction of innovative forms of pheromones is one of the major factors driving growth of the agricultural pheromones market.
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Market Dynamics:
Agriculture is one of the fastest growing sector across the globe due to increasing demand for good quality food and constantly growing population. The agricultural industry is rapidly gaining popularity over the recent years and has contributed to overall economic growth. Increasing adoption of organic products and fertilizers, rising environmental concerns and water shortage, availability of modern techniques to boost crop yield, rapid integration of ICT, and aerial seeding through drones are some significant factors fueling revenue market growth. In addition, increasing investments in research and development activities and government initiatives to support agricultural sector and funding from various public and private sectors is fueling market growth.
The global Agricultural Pheromones market is quite competitive and comprises various key players at global and regional levels. Major players are focusing on adopting various strategies such as mergers and acquisitions, partnerships and joint ventures to establish market footing. These are investing in RD to develop enhanced products and devices, modern farming systems and other techniques to boost farm and livestock productivity. Major companies operating in the global Agricultural Pheromones market are ISAGRO, BIOCONT LABORATORY, Shin-Etsu Chemical Co., Ltd., Koppert Biological Systems, Isagro Group, Biobest Group NV, Suterra LLC among others.
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The data presented in the report is obtained through authentic sources and is verified by professionals and experts in the industry. The report also provides SWOT analysis and Porter’s five force analysis to help user understand about current market insights. The report also offers detailed insights about market segmentation based on type, and application.
Agricultural Pheromones Market Segmentation:
Type Outlook:
- Sex Pheromones
- Aggregation Pheromones
- Others
Application Outlook:
- Dispensers
- Traps
- Spray Methods
The report also focuses on industry development in 5 major regions in the world including North America, Europe, Asia Pacific, Latin America and Middle East Africa.
Regional Outlook of Agricultural Pheromones Market:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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