Semiochemicals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Semiochemicals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Semiochemicals Market

The semiochemical market size was valued at USD 4.80 billion in 2023, and the market is now projected to grow from USD 5.48 billion in 2024 to USD 17.50 billion by 2032, exhibiting a CAGR of 7.0% during the forecast period of 2024-2032.

The majority of the enterprises, including such businesses as semiochemicals saw themselves badly affected by the pandemic. The market fell surrounded by supply chain and transportation disruptions, as well as marketing problems. During the first phase of the coronavirus disease outbreak, statistic indicated that the amount of pesticides that were being produced decreased. When it comes to these kinds of problems, a big chance is that some people will seek natural food sources such as organic meals, fruits, and vegetables. Post pandemic, the consumer interest towards eating organic food led to the semiochemicals market growth.

Pesticides are commonly used in agricultural practices worldwide to kill pests, and hence, increase productivity in production. More and more recently, recognizing the adverse effects of chemical pesticides on plants even resulting in the health concerns of people has pushed the local as well as global farmers to find safer methods of farming. Emerging phenomena including the adoption of organic, natural, clean-label, and free-of-pesticide foods have been the gust behind the global increase in fruit agriculture. The flourishing requirement for premium crops, such as organic raw materials or fruits and vegetables, is adding to the semiochemicals market share.

It is one of the best organic farming practices, which emerges in the form of demand for organic stuff. This leads to the rising rate of organic farming worldwide. This has thus evolved from the fact that more and more consumers incorporate the awareness of the benefits of consuming organic foods into their heads. Rising concern among consumers about the possible health hazards emerging from the use of chemical fertilizers and pesticides triggers the rapid development of the global organic farming market.

Comprehensive Analysis of Semiochemicals Market

Due to product diversification, the semiochemicals industry and the healthcare space are unabatedly increasing in size. With the flourishing of this market high-level regional evaluations that are multi-dimensioned can be made which consider the essential supply and demand determinants of the agricultural sector. Divisions are created strictly by crop type, position, and type of semiochemicals. Pheromones and allelochemicals are two types of smell-based secretions. This is generally categorized according to crop type into field crops, orchard crops, vegetables, and other crops including plantation crops, sugar crops, and fodder crops. However, their purposes are earlier detection and monitoring, mass tapping, and final mating disruption.

Driven by the broad deployment of integrated pest management solutions across the crops in North America, the region is predicted to lead the global semiochemicals market, valued at USD 1.5 billion in 2023.

The top players in the market play a crucial role in the agricultural industry assuring industrial prospectus growth and setting market standards. These players include, SEDQ Healthy Crops SL (Spain), Bedoukian Research, Inc. (U.S.), Suterra LLC (U.S.), CBC Co., Ltd. (Japan), Certis USA LLC (U.S.), Koppert (Netherlands), Isagro S.p.A. (Denmark), Russell IPM (U.K.), Pherobank B.V.(Netherlands), and Pacific Biocontrol Corporation(U.S.). These market players provide a level-playing competitive landscape.

Trece Inc. came up with the launch of CIDETRAK IMM MEC, a fresh mating disruption technology, on October 20, 2020. The product was developed to target the top five highly destructive moth pests that destroy a number of important food crops.

Segmentation Table

Global Hot Sauce Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 15.61% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Crop Type, By Type, By Function, By Geography

By Crop Type Orchard Crops

Vegetables

Field Crops

Other Crop Types (Forage Crops, Sugar Crops, and Plantation Crops)

By Type Pheromones

Allelochemicals

By Function Detection & Monitoring

Mass Trapping

Mating Disruption

By Geography

North America (By Crop Type, By Type, By Function, and By Country)

- U.S. (By Crop Type)

- Canada (By Crop Type)

- Mexico (By Crop Type)

Europe (By Crop Type, By Type, By Function, and By Country)

- France (By Crop Type)

- Germany (By Crop Type)

- Italy (By Crop Type)

- Spain (By Crop Type)

- U.K. (By Crop Type)

- Rest of Europe (By Crop Type)

Asia Pacific (By Crop Type, By Type, By Function, and By 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 Crop Type, By Type, By Function, and By Country)

- Brazil (By Crop Type)

- Argentina (By Crop Type)

- Rest of South America (By Crop Type)

Middle East & Africa (By Crop Type, By Type, By Function, and By Country)

- South Africa (By Crop Type)

- Israel (By Crop Type)

- Rest of Middle East & Africa (By Crop Type)