The growing awareness regarding the benefits of organic fruits and vegetable has propelled the adoption of agricultural pheromones at a significant rate. Besides this, rise in government regulations to upsurge the research and production processes, burgeoning demand for semiochemicals and rising concern among customer about toxicity associated with synthetic chemical pesticides are contributing to the market growth. Moreover, soar in agricultural production due to booming population and adoption of sustainable agriculture practice is anticipated to proliferate the demand for agricultural pheromones in the forecast period.
Key questions answered in the study:
According to MarkNtel Advisors’ research report “Global Agricultural Pheromones Market Analysis, 2021”, the market is anticipated to grow at a CAGR of around 14% during 2021-26. Based on Type, Sex Pheromones acquired the majority market share in 2019. Sex pheromones are used to attract individuals of the opposite gender in order to mate. The upsurge in the adoption of sex pheromones for detection & monitoring techniques and to control both male and female pest population is anticipated to accelerate the growth of the segment in the forecast period.
“Global Agricultural Pheromones Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for agricultural pheromones providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
North America dominated the Global Agricultural Pheromones market in 2019. The US grabbed the highest market share in the North America market on account of implementation of pest management solutions for crop production, burgeoning demand for an effective solution for crop protection and increasing innovation in semiochemicals, Moreover rise in government support to encourage sustainable agrochemical, increasing demand for organic fruits and vegetable and strong foothold of giant market players are some of the factors anticipated to bolster the growth of the Agricultural Pheromones Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Agricultural Pheromones Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Agricultural Pheromones market are 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 etc.