The global agricultural pheromones market is poised for transformative growth, with its value projected to rise from USD 4.5 billion in 2024 to USD 9.6 billion by 2029, registering an impressive Compound Annual Growth Rate (CAGR) of 16.4%. This growth reflects the increasing shift towards sustainable and eco-friendly agricultural practices, driven by growing concerns over food safety among consumers and governments worldwide.
Emergence of Pheromones as an Eco-Friendly Alternative
Agricultural pheromones are emerging as a cost-effective and environmentally safe alternative to chemical pesticides. Their affordability and alignment with government initiatives aimed at reducing chemical dependency in agriculture are key drivers of market expansion. These initiatives are further bolstered by programs promoting sustainable farming practices and strengthening agricultural infrastructure globally.
Dominance of the Mating Disruption Segment
The mating disruption segment held the largest pheromones market share in 2023, demonstrating its efficacy in pest control without relying heavily on chemical pesticides. This method disrupts the reproductive cycles of pests, reducing crop damage and pest population growth. The approach resonates with the increasing demand for sustainable farming practices and enhances agricultural yields, making it a preferred choice for farmers globally.
How have emerging trends like clean-label and pesticide-free products impacted agriculture?
Agricultural insect pheromones are primarily used in permanent croplands, where fruits, tree nuts, ornamentals, and plantation crops are grown. The demand for insect pheromones is mostly concentrated in high-value crops, such as pome fruits, grapes, cotton, and other vegetable and ornamental crops, as they improve crop quality and yield. The growing demand for high-value crops is proliferating the demand for agricultural pheromones.
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consumer preferences have shifted toward consuming healthy and organic food products to maintain health and improve immunity. Other emerging industry trends, including the consumption of safe, natural, clean-label, and pesticide-free products, have also changed the scenario of agriculture across the globe. Therefore, increasing demand for high-value crops, such as organic fruits & vegetables and organic commodities among consumers, is projected to spur the pheromones market over the forecast period.
North America Leading with the Highest Growth Rate
The North American agricultural pheromones market is set to experience the highest growth rate during the forecast period. Factors such as robust governmental support, heightened demand for organic food, and expanding organic farming areas are propelling this growth.The U.S. Environmental Protection Agency (EPA) plays a pivotal role in promoting pheromone use as part of integrated pest management strategies. The EPA has registered pheromone products targeting pests such as the codling moth and peach tree borer, further encouraging the adoption of these sustainable solutions.
Key Market Players Driving Innovation and Expansion
Shin-Etsu Chemical Co., Ltd. (Japan)
Shin-Etsu is a market leader in agricultural pheromones, leveraging its functional materials business segment to deliver innovative solutions. With an extensive global production network, the company is well-positioned to cater to the rising demand for sustainable pest control solutions.
Koppert Biological Systems (Netherlands)
Koppert Biological Systems specializes in biological pest control and pollination solutions, offering pheromone traps through its monitoring solutions category. The company’s acquisition of Linderso AB in 2023 strengthened its market presence in Scandinavia, highlighting its commitment to global expansion and sustainable agriculture.
Gowan Company (US)
Gowan Company focuses on providing comprehensive agricultural solutions, including crop protection and seeds. Strategic acquisitions, such as the purchase of Isagro Group and licensing agreements for active ingredients like prosulfuron, have expanded its product portfolio, enabling it to address diverse farming needs.
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Biobest Group NV (Belgium)
A leader in biological crop protection, Biobest offers pheromone traps through its monitoring and scouting division. Recent acquisitions and significant investments have bolstered its biopesticide product range and manufacturing capabilities, particularly in North America.
The Wonderful Company LLC (US)
Through its Suterra LLC division, The Wonderful Company provides innovative pheromone-based products for pest control in orchards and other crops. The launch of new monitoring lures for fruit pests in 2022 highlights its dedication to expanding eco-friendly agricultural solutions.
The agricultural pheromones market is witnessing unprecedented growth, driven by the global shift towards sustainable farming practices and increasing regulatory support. Key players are at the forefront of innovation, leveraging strategic partnerships and investments to enhance their offerings. With significant advancements in mating disruption techniques and expanding applications across regions, agricultural pheromones are set to revolutionize the future of pest management and crop protection.
Pheromones are volatile elements produced by a specific species outside of the body to interconnect with individuals of the same species and affect their behavior.
Researchers all over the world have recognized and segregated a large number of natural pheromones, many of which are synthesized for being used in insect pest administration.
Pheromones have been given an allowance by the U.S. Department of Agriculture (USDA), National Organic Program (NOA) for use in insect management, and many synthetic pheromones have been registered as pesticides by the U.S. Environmental Protection Agency (EPA).For Report Overview: https://bisresearch.com/industry-report/agricultural-pheromones-market.htmlWith high-tech modernizations and rising agricultural funds, the production of food has increased, but the progress of yields has become an essential aspect concerning global food and agricultural authorities.
The challenge posed to crop manufacturers by plant pests is one of the critical factors threatening global food security.
The pests have not only been confined to the regions of their origin, but transboundary pest invasion has also been achieving hazardous levels.
Globalization, trade, and weather change, as well as concentrated elasticity in production systems, have also played essential parts in crop damage.Complementarily, the fears of pest infestation in crops come with ill effects of chemical pesticides used in crops, which slow down their growth in the commercial marketplace.
