Agricultural Pheromones Market to Grow with a CAGR of 14.36% through 2028
Adoption & integration of IoT and AI in pest
monitoring and expansion of agricultural sectors in developing countries is
expected to drive the Global Agricultural Pheromones Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Agricultural
Pheromones Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Agricultural Pheromones
Market stood at USD
3.14 Billion in 2022 and is anticipated to grow with a CAGR of 14.36% in the forecast
period, 2024-2028. The global agricultural pheromones market is propelled by
several key factors. The rising demand for sustainable farming methods is
driving the adoption of pheromones as a bio-based pest control solution.
The increasing resistance of pests to conventional
chemical pesticides is influencing farmers to opt for pheromones. Supportive
government initiatives promoting eco-friendly farming practices, coupled with
growing awareness among farmers about the benefits of pheromones, are fueling
the market growth.
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Agricultural Pheromones Market.”
The Global Agricultural Pheromones Market is a dynamic
and rapidly evolving sphere that encompasses various aspects of farming and
horticulture. This vast market extends across multiple regions worldwide,
playing a vital role in the production, distribution, and application of
pheromones in diverse ways. These include but are not limited to pest
management, crop pollination, and overall agricultural sustainability. Within
this market, there is a continuous focus on research and development, aiming to
innovate and introduce new pheromone products. Simultaneously, advancements in
deployment mechanisms are being made to enhance efficacy and efficiency. Novel
technologies such as microencapsulation and controlled release systems are
being explored to extend the duration and effectiveness of pheromone-based pest
control methods. Furthermore, the integration of artificial intelligence and
machine learning algorithms is opening up new possibilities for precision
agriculture and targeted pheromone application.
Alongside these developments, regulatory policies are
being established to ensure the responsible and safe use of pheromones in
agriculture. International standards and guidelines are being formulated to
address issues such as residue tolerance, ecological impact assessment, and
labeling requirements. These measures are essential to maintain consumer
confidence, protect the environment, and ensure the sustainable growth of the
agricultural pheromones market.
It is important to highlight that the expansion of the
agricultural pheromones market is driven by various factors. The increasing
demand for sustainable farming practices serves as a critical catalyst, pushing
for the adoption of environmentally friendly pest control methods.
Additionally, the need for effective pest control solutions further contributes
to the growth of this market, as farmers strive to protect their crops and
maximize yields. Furthermore, the growing awareness of the negative impacts of synthetic
pesticides on human health and the environment has led to a shift towards
integrated pest management approaches, where pheromone-based solutions play a
significant role. The Global Agricultural Pheromones Market is a dynamic and
multifaceted landscape that continues to evolve, driven by the pursuit of sustainable
farming practices, the constant quest for innovative pest control methods, and
the integration of emerging technologies. As farmers and researchers
collaborate to address the challenges of food security and environmental
sustainability, the future of agricultural pheromones holds immense potential
in shaping the future of global agriculture.
The Global Agricultural Pheromones Market is segmented
into type, function, crop type, mode of application, regional distribution, and
company.
Based on crop type, the Global Agricultural Pheromones
Market is currently being dominated by the Fruits and Nuts category. This
sector has witnessed a substantial increase in the use of pheromones for pest
control, largely due to the high economic value of these crops and the drive
towards more sustainable farming practices. Fruit and nut farmers across the
globe have adopted this technology to maximize their yield and minimize crop
loss, contributing significantly to the overall market share of agricultural
pheromones. Furthermore, the implementation of pheromones in the Fruits and
Nuts category has not only proven effective in pest management but has also
demonstrated additional benefits. By utilizing pheromones, farmers have
observed a reduction in the need for chemical pesticides, resulting in a
decrease in environmental pollution and a safer working environment for farm
laborers. The use of pheromones has also shown promise in improving fruit
quality and extending the shelf life of harvested produce, enhancing the market
value of these agricultural products.
As consumer demand for sustainable and environmentally
friendly practices continues to grow, the Fruits and Nuts sector's reliance on
agricultural pheromones positions it as a key player in the global market. The
adoption of this technology highlights the industry's commitment to responsible
farming methods and the preservation of natural resources. With ongoing
research and advancements in pheromone-based pest control, the Fruits and Nuts
category is poised to maintain its dominant position in the Global Agricultural
Pheromones Market while contributing to the overall growth and sustainability
of the agriculture industry.
Based on region, North America has emerged as the
dominant player in the agricultural pheromones market and is projected to
exhibit the highest growth rate throughout the forecast period. The utilization
of pheromones for mating disruption has contributed to North America's
prominent position in the global market. This region is expected to maintain
its leadership position due to the presence of renowned companies focusing on
innovative agricultural pheromones.
In the European market, the second-highest position is
anticipated to be retained, driven by the increased demand for environmentally
safe crop protection solutions. This demand will further propel the adoption of
advanced agricultural pheromones in the region. The Asia Pacific region has
witnessed significant growth in the agricultural pheromones market, with
farmers embracing these solutions to enhance crop production and revenues. In
South America, the commercial cultivation of coffee, soybeans, and corn has led
to an increased usage of agricultural pheromone products. Meanwhile, growing
awareness of the benefits of agricultural pheromones in South America, as well
as the Middle East and Africa, will drive market growth in both regions.
Major companies operating in Global Agricultural
Pheromones Market are:
- Biobest Group NV
- BASF SE
- Shin-Etsu Chemical Co., Ltd.
- ATGC Biotech Pvt Ltd.
- Bioline AgroSciences Ltd
- Bio Controle
- Métodos de Controle de Pragas Ltda.
- Isagro Group
- Koppert Biological Systems
- Hercon Environmental Corporation
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“The future of the global agricultural pheromones
market is expected to be promising, driven by the increasing demand for
high-quality crops, sustainable farming practices, and rising awareness of the
harmful impacts of synthetic pesticides on both the environment and human
health. As consumers become more conscious of the need for sustainable and
eco-friendly agricultural solutions, the adoption of pheromones for pest
control is gaining significant global interest. Technological advancements in
the field of pheromone synthesis and delivery systems are expected to further
drive the growth of the agricultural pheromones market. Innovations in
formulation and application methods are enhancing the efficiency and
effectiveness of pheromone-based pest control, allowing for precise and
targeted deployment. These advancements not only improve overall pest
management outcomes but also contribute to reducing costs and optimizing
resource utilization for farmers. The future of the global agricultural
pheromones market looks promising, with a focus on sustainable farming
practices, increasing consumer awareness, and continuous technological
advancements driving market growth and offering effective and eco-friendly
solutions to pest control challenges in agriculture.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Agricultural Pheromones Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Type (Sex Pheromones, Aggregation Pheromones,
Others), By Function (Mating Disruption, Detection & Monitoring, Mass
Trapping), By Crop Type (Fruits & Nuts, Field Crops, Vegetable Crops,
Others), By Mode of Application (Dispensers, Traps, Sprays), By Region and Competition”, has evaluated
the future growth potential of Global Agricultural Pheromones Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Agricultural Pheromones Market.
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