The Global Agricultural Pheromones Market covered the value of US$ 1.92 Bn in the year 2017 and is expected to reach US$ 6.21 Bn by 2025. This information was published in a report, titled “Agricultural Pheromones Market Size, Share and Global Trend By Product Type (Sex Pheromones, Aggregation Pheromones), Function (Mating Disruption, Detection and Monitoring, Mass Trapping), Mode Of Application (Traps, Sprayers, Dispensers), By Crop (Field Crops, Orchard Crops, Vegetables) and Geography Forecast Till 2025.”
Some of the Main Key Players Covered in the Report:
- BASF SE
- Koppert B.V.
- Russell IPM
- ISCA Technologies
- Pacific Biocontrol Corporation
Aggregation Pheromones to Emerge as the Dominant Product Type
Aggregation pheromones account for a major share in the global market. These type of pheromones attract both female and male insects, controlling the insect pests on a large scale. This is one of the primary factors fueling demand for aggregation pheromones. Among crop types, orchard crops are expected to lead and cover a higher value in the global agricultural pheromones market. These crops offer beneficial results in controlling insect pests by using pheromones.
As per the report, the global market for agricultural pheromones is anticipated to exhibit a significant CAGR of 15.86% over the forecast years. A lead analyst said, “Pheromones are chemical molecules which act as a bridge for communication among several insects in the field.” He added, “This further helps to grow the crop production in a healthy and an efficient manner.”
Product Launches to Strengthen Product Portfolio will Enable Market Gain Traction
Between 2014 and 2017, mergers and acquisitions and product launches were the most significant strategies adopted by companies. These strategies were implemented to gain higher access to the agricultural pheromones market. Now, companies are focusing on developing eco-friendly agricultural pheromone products to gain a competitive edge.
Some of the leading players operating in the global agricultural pheromones market are Biobest, Syngenta, ISAGRO, Suterra, Provivi, Inc., Russell IPM, Bedoukian Research, BioPhero, Pherobank, Laboratorios Agrochem, Troy Biosciences, Exosect, and Pacific Biocontrol Corporation. Syngenta launched a meso pheromone called Cidetrak EGVM in Chile in November 2018. This pheromone product helped to control European grapevine moth.
North America to Lead the Global Market Owing to Rising Adoption of Agricultural Pheromones
North America is projected to emerge dominant and exhibit higher growth rate in the global Market during the forecast period. The rising demand for several fruit and field crops such as pears, apples, peaches, and cotton may create impressive growth opportunities in the global market. In addition to this, increasing awareness about the use of such crops is likely to benefit the agricultural pheromones market in this region.
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, Chile, and Rest of South America)
- Middle East & Africa (South Africa, Israel, and Rest of MEA)
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