The Business of Global Agricultural Pheromones Market: Investment Opportunities and Challenges

Global Agricultural Pheromones Market Insights:

The Global Agricultural Pheromones Market was valued at USD 3.5 Billion in 2022 and is projected to grow at a CAGR of around 14% during the forecast period, i.e., 2023-28. The industry is predominantly driven by the incessant need to ramp up agricultural productivity owing to the fast-growing population worldwide.

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Global Agricultural Pheromones Market Definition:

Agricultural pheromones are chemical signals used by insects to communicate with each other. These pheromones are often released by an adult insect to attract a mate, mark a territory or repel predators. They are also used to disrupt the mating habits of insect pests, such as aphids and moths, by making them less likely to reproduce. Agricultural pheromones are often used in combination with other pest control methods, such as biological control and insecticides, to maximize their effectiveness.

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Key Driver: Burgeoning Adoption of Sustainable Agricultural Practices

The relentless utilization of insecticides and pesticides in order to maximize crop production has amplified over the years. According to FAO, farmers worldwide consumed over 4.1 million tons of pesticides in 2018. However, citing the hazardous impact of conventional pest control techniques on human health has made farmers turn to sustainable agricultural practices in the past few years. This has paved the way for considering biological pesticides, including Semiochemicals such as pheromones. Backed by the widespread adoption of such eco-friendly techniques, the agricultural pheromones industry is likely to traverse an upward trajectory in the coming years.

Global Agricultural Pheromones Market Segmentation:

1. By Type

• Sex pheromones
• Aggregation pheromones
• Others (which include alarm pheromones, host-marking pheromones, and trail pheromones)

2. By Mode of Application

• Dispensers
• Traps
• Spray
• Others

3. By Species

• Moths
• Beetles & Bugs
• Armyworm
• Butterflies
• Others

4. By Crop Type

• Fruits & Nuts
• Vegetable
• Tea Plants
• Flower
• Others

5. By Function

• Mass Trapping
• Detection & Monitoring
• Mating Disruption

Global Agricultural Pheromones Market Geographically Analysis:

6. By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Global Agricultural Pheromones Leading Companies:

• 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
• Pacific Biocontrol Corporation

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