Global Agricultural Pheromones Market Research Report: Forecast (2023-2028)

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.

Market Insights & Analysis: Global Agricultural Pheromones Market (2023-28)

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. Given this, the adoption of sustainable agriculture practices has surged in the past few years, including pest control usage. Factors like chronic climate change, increased crop protection product usage in fruits, vegetables, and row crops, and the negative impact of pesticides on human health has called for numerous investigation on a variety of biological, chemical, and mechanical techniques to prevent the harmful effects of pesticides and limit the further expansion of pests.

In fact, the US Environmental Protection Agency (US EPA) has registered several chemical compositions for use in commercial, residential, and agricultural settings. Because of their beneficial effects on health & growing popularity, pheromones used in agriculture are increasingly being consumed. Thus, leading to augmented demand for agricultural pheromones in the historical period.

Moreover, the agricultural pheromones industry has a high potential in emerging markets, such as China and India, as the climatic conditions in the Asia Pacific region are conducive to insect growth. Other than this, simple accessibility of pest control goods in the nations, as mentioned earlier, has furthered the advancement of the Global Agricultural pheromones Market size. With technological advancements proliferating within agricultural techniques, agricultural pheromones are swiftly slithering into various pest management techniques as synthetic replicas of natural pheromones aiding aggregation or attracting insects.

Therefore, the surging inclination toward organic agriculture due to the high demand for high-value crops and integrated pest control solutions will likely influence market growth in the forecast period. The global agricultural pheromones market, however, is being severely constrained by factors like the high cost of the active chemicals used in pheromone production, the drawn-out research and development process, and the high startup and maintenance costs incurred by farmers when setting up insect pheromone trap.

Market Dynamics

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.

Possible Restraint: Constant Competition from the Well-established Chemical Industry

The chemical pesticides sector comprises many multinational corporations that are more well-known in their respective markets. In addition, they have well-established, efficient distribution systems that reach remote areas on practically all continents, particularly across Asia-pacific. As such, small retailers and shopkeepers in India are reportedly afraid to stock and sell biologicals because they believe their quality is questionable, according to the Institute of Management Development and Research (IMDR) of India. Thus, the well-established chemical pesticides industry, which meets the needs of farmers with the aid of a wide range of products, is another factor in the low adoption rate of pheromones.

Key Trends: Convenient and Ready-To-Use Pheromone Traps

Pheromone traps are typically employed to catch specific bug species present in stored goods by means of pheromone attractants. Other than this, Traps are also utilized for mass monitoring and trapping. To capture more insects, however, more traps are being placed per unit area when mass trapping is being used. Thus, ready-to-use pheromone traps emerge as a convenient alternative to traditional ones, with delta, sticky, winged, and funnel traps a few of the most often utilized traps.

Market Segmentation

Based on Type:

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

Among all, Sex pheromones are expected to emerge as the dominant category with the majority of the market share in the forecast period. Sex pheromones and attractants are widely used by horticulture and agricultural farmers to reduce the number of crop-damaging insects and pests efficiently. It owes principally to its extreme potency paired with insignificant toxicity. On top of it, the wide acknowledgment by regulatory agencies in several countries of sex pheromones being safe has prompted their utilization across the globe. Besides, the market for agricultural pheromones is anticipated to be driven by rising R&D initiatives to increase the product's overall efficacy in the coming years. For instance, the Earlham Institute in England recognizes and validates biosynthetic enzymes to produce pheromones from the Coccoidea insect superfamily. On the other hand, Aggregation pheromones have also gained traction due to their ability to overcome host resistance in recent years.

Base on Crop Type:

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

Amongst all, the Fruits & Nuts segment acquired a significant share in the Global Agricultural Pheromones in the historical period and is likely to attain the largest market share during the forecast period. The growing export of fresh fruits from countries such as China, India, & Spain, has led to the burgeoning adoption of pheromones for fruits in recent years. In greenhouse farming, where primarily vegetable crops are grown, insect pheromones are frequently used for monitoring purposes. Other than this, the paradigm shift in consumers' inclination toward exotic organic nuts & tropical fruits is another factor aiding the growth of the agricultural pheromones market globally.

Regional Projection

Geographically, the Global Agricultural Pheromones Market expands across:

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

On the geographical front, North America exhibited dominance in the historical years and is likely to prevail in the same trend in the coming years. It is primarily because of the ever-increasing market for pheromones in the US, as the country solely accounts for the majority share in producing and consuming fresh and processed fruits. On the other hand, the steady adoption of sex pheromones for luring and killing insects targeting apples, cherries, tomatoes, soybeans, and grapes while preventing insect mating has bolstered the market in Canada.

Recent Developments in the Global Agricultural Pheromones Market

• In March 2022, Provivi, a top producer of pheromone-based crop protection solutions, and Syngenta Crop Protection, one of the world's largest agricultural firms, announce the launch of NelviumTM, a new mating disruption product.

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