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.”
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The market in the Asia Pacific is projected to report swift growth in the years to come. This is attributable to the growing use of agricultural pheromones in most of the countries in this region. The rising demand for exporting agricultural products from Brazil and China may increase the usage of agricultural pheromones in upcoming years.
Rising Need for Sustainable Agriculture to Bode Well for the Market
Sustainable agriculture is the need of the hour. The rising adoption of integrated pest management practices or IPM helps to ensure sustainability, thus driving the market. Another factor fueling the demand for agricultural pheromone chemicals is increasing food consumption in developed and developing countries.
In addition to this, advancements in technologies such as remote sensing monitoring, are projected to open new growth opportunities for the agricultural pheromones market.This technology is intended to effectively monitor crops and prevent them from pests. Also, rising awareness about precision agricultural systems is expected to contribute to the growth of agricultural pheromones.
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Some of the Main Key Players Covered in the Report:
- BASF SE
- Koppert B.V.
- Russell IPM
- ISCA Technologies
- Pacific Biocontrol Corporation
Key Questions Answered of Agricultural Pheromones Market:
What will the market growth rate of Agricultural Pheromones Market in 2025?
What are the key factors driving the Global Agricultural Pheromones Market?
What are sales, revenue, and price analysis of top manufacturers of Agricultural Pheromones Market?
Who are the distributors, traders and dealers of Agricultural Pheromones Market?
Who are the key vendors in Agricultural Pheromones space?
What are the Agricultural Pheromones Market opportunities and threats faced by the vendors in the Agricultural Pheromones Market?
What are sales, revenue, and price analysis by types, application and regions of Agricultural Pheromones Market?
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.
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