“Global Pheromones Market in Agriculture to Surge at 17% CAGR, Increasing Demand for Pheromones is due to rising demand for promotion of green agriculture and comprehensive pest management strategies has anticipated to Propel Growth, says Industry & Research
Global market size of pheromones is currently valued at USD 3 billion in 2019 and is expected to rise at a CAGR of 17% from 2020 to reach a value of USD 9 billion by 2030. Expanding pheromone prevalence in fruit such as apples, pears, oranges, and peaches in the U.S. and Mexico is attributed to the requirement for regulation of moth codling, grape moth, and Asian moth fruit. Similar activities have increased in popularity in vegetable and farm crops, such as sweet corn and cotton, respectively, through the US EPA and USDA IPM programs.
• PI Industries (India) acquired its Indian subsidiary, Isagro Asia, in September 2019. This purchase helped to improve the exposure of the PI Industries to Isagro Asia’s production facilities, thereby allowing it to grow its customer base. The purchase will also reduce the financial burden of the Isagro Group.
• Koppert Biological System collaborated with ISCA Technologies and Tech-IB in December 2019. Some companies have methods for the management of pests in farm pheromones. This collaboration has shown that even major players in the same industry are widening their business too.
The mating disruption section is anticipated to hold largest market revenue share of pheromones as a component since it is an efficient strategy due to its efficacy in controlling populations of insect pests. The method of mating disruption has led to the lowered application of pesticide sprinklers. It thus inhibits the possibilities for the production of tolerance among insects and decreases residues on fruits. Sex pheromones are anticipated to be the largest-growing segment on the pheromones market by size.
Technical advancement in pheromone compounds, particularly aggregation pheromones to detect insects, and the accessibility of efficient trap models are anticipated to drive the demand for mass trapping due to its advantages to reduce the masses of insects and limit the use of insecticides among farmers.
Resistance rate of few pests to traditional pesticides has increased the use of active substance dosage and increased the application intensity of crop protection chemicals. Repetitive use and usage of chemicals therefore increases the expense of maintaining the crops. This has forced farmers and other crop growers to look for alternatives to pest control, such as agricultural pheromones.
Due to the growing adoption of pheromone traps over traditional insecticides, North America is predicted to seize control of the global market for agricultural pheromones during the forecast period.
Key Players in the Market
Some of the key players operating in the Pheromones Market in Agriculture are Suterra LLC (US), Russell IPM (US), Shin-Etsu Chemical Co. Ltd (Japan), Koppert Biological Systems (Netherlands), Isagro Group (Italy), Biobest Group NV (Belgium), ISCA Technologies (US), Trécé Inc. (US), Pherobank B.V (Netherlands), Certis Europe BV (Netherlands), Bioline Agrisciences Ltd (UK), Bio Controle (Brazil), ATGC Biotech Pvt Ltd (India), Sumi Agro France (France), SEDQ Healthy Crops S.L. (Spain), Novagrica (Greece), and International Pheromone Systems (UK)
Get Valuable Insights into Pheromones Market in Agriculture
In the new report, Industry & Research thrives to present an unbiased analysis of the global Pheromones Market in Agriculture that covers the historical demand data as well as the forecast figures for the period, i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by crop type into field crops, fruits & nuts, vegetable crops and others. By function, the market is divided into mating disruption, mass trapping, and detection & monitoring. By mode of application, the market is segmented into traps, dispensers, and sprays. The market is segmented by type into Sex Pheromones, Aggregation Pheromones and Others. Geographically, the market is segmented into North America, Latin America, Europe, APAC and MENA.
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