The global agricultural pheromones market size is expected to reach USD 10.70 billion by 2030 according to a new study by Polaris Market Research. The report “Agricultural Pheromones Market Share, Size, Trends, Industry Analysis Report, By Function (Mating Disruption, Detection & Monitoring, Mass Trapping); By Mode of Application (Dispensers, Traps, Sprays); By Type; By Crop; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market growth is witnessed by significant factors such as uncertainty in the chemical pesticide may lead to the growing adoption of the consumer interest in alternatives. In addition, integration of the supply chain for agriculture pheromones as well as future research on the market for pest management also positively influences the industry development. Furthermore, technological developments, as well as innovations in agriculture activities by the leading industry players, are also fueling the demand for the agricultural pheromones industry across the globe.
Based on the type, the sex agricultural pheromones segment is dominating the global industry and is expected to grow at the fastest CAGR in forthcoming years. The species-specific characteristic, being even active even it offers in small amounts and does not harm animals, is the prime factor for the higher adoption of the segment. Whereas the aggregation segment is likely to grow at a significant growth rate. They are gaining huge popularity among the end-users to overcome the host resistance that presents various lucrative prospects for segment growth in the impending years.
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The growing consumption of high-value crops acts as one of the primary impelling factors for industry growth. High-value agricultural goods are commonly referred to as agricultural goods with a high economic value per calorie, per hectare, or per kilogram that comprises eggs, fruits, vegetables, meat, milk, and fish.
Increasing disposable income of the end-users, as well as growing awareness regarding the wellbeing associated with the high-yield crops, are several significant factors that may accelerate the demand for high-value crops. Since the arrival of the COVID-19 pandemic globally, a large group of consumers is more inclined towards healthy and organic edibles for improving immunity and balancing a healthy lifestyle. Hence, these factors exhibit a positive influence on the industry growth over the foreseen period globally.
Market participants such as Shin-Etsu Chemical Co.Ltd, BASF, Bio Controle, Biobest Group NV, Bioline AgroSciences Ltd., ATGC Biotech Pvt Ltd., International Pheromone Systems, ISCA Technologies, Certis Europe BV, Sumi Agro France, Koppert Biological Systems, Novagrica, Pherobank B.V., Russell IPMBedoukian Research, Inc., and Trécé Incorporated are some of the key players operating in the global industry. There are various market vendors launching their innovations in the global market to reinforce their business trade.
Polaris Market Research has segmented the agricultural pheromones market report on the basis of type, function, mode of application, crop, and region:
Agricultural Pheromones, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Agricultural Pheromones, Function Outlook (Revenue - USD Billion, 2018 - 2030)
Agricultural Pheromones, Mode of Application Outlook (Revenue - USD Billion, 2018 - 2030)
Agricultural Pheromones, Crop Outlook (Revenue - USD Billion, 2018 - 2030)
Agricultural Pheromones, Regional Outlook (Revenue - USD Billion, 2018 - 2030)