Agricultural Pheromones Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Agricultural Pheromones Market
The agricultural pheromones market size was valued at USD 4.25 billion in 2023, and the market is now projected to grow from USD 4.91 billion in 2024 to USD 17.72 billion by 2032, exhibiting a CAGR of 17.38% during the forecast period of 2024-2032.
The COVID-19 virus outbreak had immense impact on global industrial operations. In COVID-19, companies providing agricultural businesses emerged as one of the sectors that were severely affected with a major opportunity to engage with farmers and marketers. During the pandemic, these business companies, specifically adjusted their marketing strategies for products such as pesticides, fertilizers, pheromones, and other items. The pandemic drastically affected the agricultural pheromones market growth.
The augmented demand for agricultural pheromones in many regions of the world is the increased profitability linked to the production of high-value crops, like fruits and vegetables and other such grocery items order to protect these crops from pest assaults, the horticulture sector of agriculture has increased its use of insect pheromones as a result of the strong demand, which has proliferated market expansion. This is the major factor influencing the agricultural pheromones market share.
Growers of row crops may have significant chances to increase their client base as a result of technological advancements and the use of equipment to make and sell insect pheromones in large quantities.
Comprehensive Analysis of Agricultural Pheromones Market
The agricultural pheromones market is segmented into various types of sex pheromones, aggregation pheromones, and other such products. The most successful and popular kind is now the sex pheromones segment. Its significant share can be mostly attributed to increased research and rising awareness of pheromone uses. Sex pheromones, which aid in attracting the other sex of the same species, are either a simple or complicated combination of several molecules. Spray methods, dispensers, and traps make up the agricultural pheromones market segments based on application. As the market leader across different applications, the dispensers segment is expected to maintain its position and grow at a double-digit compound annual growth rate over the course of the projection period.
North America was accounted as a significant player in the global agricultural pheromones industry. North America is a expanding at a faster pace as compared to the other regions because of the augmented usage of insect pheromones.
Many big and small companies are fighting for market share in this fragmented industry. The agricultural pheromones market share in the world is dominated by major players including SEDQ Healthy Crops SL (Spain), Biobest Group (Belgium), Isagro S.p.A. (Italy), Shin-Etsu Chemical Company (Japan), and Russell IPM (United Kingdom)..
In September 2023, To stop the spread of the ""rice stem borer,"" Russell IPM produced DISMATE YSB, an inexpensive, user-friendly, and effective mating disruption device. In studies, the recently introduced treatment achieved over 90% control since it was shown to be particularly effective in slowing the spread of ""rice stem borer.""
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 17.38% from 2024 to 2032
Segmentation By Type
- Sex Pheromones
- Aggregation Pheromones
- Others
By Function
- Mating Disruption
- Detection & Monitoring
- Mass Trapping
By Application
- Dispensers
- Traps
- Spray Method
By Crop Type
- Field Crops
- Orchard Crops
- Vegetables
- Others
Geography
- North America (By Type, Function, Application, Crop Type, and Country)
U.S. (By Crop Type)
Canada (By Crop Type)
Mexico (By Crop Type)
- Europe (By Type, Function, Application, Crop Type, and Country)
U.K. (By Crop Type)
France (By Crop Type)
Italy (By Crop Type)
Spain (By Crop Type)
Germany (By Crop Type)
Rest of Europe (By Crop Type)
- Asia Pacific (By Type, Function, Application, Crop Type, and Country)
China (By Crop Type)
India (By Crop Type)
Japan (By Crop Type)
Australia (By Crop Type)
Rest of Asia Pacific (By Crop Type)
- South America (By Type, Function, Application, Crop Type, and Country)
Brazil (By Crop Type)
Argentina (By Crop Type)
Chile (By Crop Type)
Rest of South America (By Crop Type)
- Middle East & Africa (By Type, Function, Application, Crop Type, and Country)
South Africa (By Crop Type)
Israel (By Crop Type)
Rest of the ME&A (By Crop Type)