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Agricultural Pheromones Market

Agricultural Pheromones Market: By Type (Sex Pheromones, Aggregation Pheromones), By Crop Type (Vegetables, Orchard Crops, Field Crops), By Function (Mating Disruption, Mass Trapping, Detection & Monitoring), By Application (Dispensers, Traps, Spray Methods), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032

Published on: Mar-2023
Report Code: FG AG 01386
No. of Pages: 170 - 350
Report Format: PDF

[170+ Pages Research Report] Agricultural Pheromones Market to surpass USD 16.4 billion by 2032 from USD 3 billion in 2021 at a CAGR of 16.7%  throughout the forecast period 2022-32

Product Overview

Agricultural pheromones are the chemical signals that detect, capture, or eliminate insects that damage agricultural areas. Modern, environmentally friendly insect controllers use pheromones and other semiochemicals. They defend crops by keeping pest insects away from plants, stopping them from reproducing, or controlling their activity in various ways. In organic farming, pheromone traps are used as a natural pest control method. These traps use artificially produced sex pheromones to attract and capture pest insects. Beneficial pollinators and other wildlife stay unaffected by the pheromone controls since they only affect the pest species that are being targeted. Pheromones avoid polluting the environment, don't leave hazardous residues on food, and are less likely to lead to the emergence of insect resistance.

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Market Highlights

The Agricultural Pheromones Market is expected to project a notable CAGR of 16.7% in 2032.

Agricultural Pheromones Market to surpass USD 16.4 billion by 2032 from USD 3 billion in 2021 at a CAGR of 16.7% in the coming years, i.e., 2022-32. In the coming years, the Agricultural Pheromones Market is expected to grow due to the increasing demand for microencapsulated spray pheromones due to their ease of use, reachability (the needed crop height for better mating disruption), and effective release rate of technical ingredients.

Figure - Market Analysis of Agricultural Pheromones Market


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Agricultural Pheromones Market: Segments

The Sex Pheromones segment is expected to grow with a higher CAGR during 2022-32

Agricultural Pheromones Market is categorized on the basis of Type into Sex Pheromones, Aggregation Pheromones, and Others. The Sex Pheromones segment is leading the market among others. It is the most favored type demanded for pest management methods. Its species-specific characteristic is vigorous even if existent in small quantities, and is harmless to animals and humans. It is accountable for the higher use of the sex pheromones.

The Dispensers segment is expected to grow with a higher CAGR during 2022-32

Agricultural Pheromones Market is categorized on the basis of Application into Dispensers, Traps, and Spray Methods. The Dispensers segment is fueling the market by application category. It is highly favored application type for agricultural pheromones. Its production is reasonably-priced, they avoid wasting the active ingredients, is not at all toxic, and can be easily utilized in the domain. It helps to employ pheromones and related bioactive compounds on the basis of the pest pressure.

Figure - Market Analysis of Global Agricultural Pheromones


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Market Dynamics

Growth Drivers

Increasing R&D Investments to Expand Application Area and Efforts to Improve Product Efficiency

Biochemical insecticides that are organic and safe for the environment include semiochemicals like allelochemicals and pheromones. To diversify these pesticides' applications, businesses are investing more in research and development today. This will help the overall market to grow in the coming years. Attractants and sex pheromones are widely used by agricultural and horticulture farmers to efficiently reduce the number of crop-damaging pests and insects. The Agricultural Pheromones Market is anticipated to be driven by rising R&D initiatives to increase the product's overall efficacy in the coming years.

Expanding Use of Remote Sensing Technology for Higher Efficiency

The Agricultural Pheromones Market is being fueled by the expanding use of remote sensing technologies that makes it possible to monitor insects effectively. Pheromones are being developed in aerosol formulations, which are increasing sales since they are effective and convenient. Typically species-specific, insect pheromones can only be used to target one type of insert. As a result, industry participants are concentrating on creating upgraded pheromone dispensers that can simultaneously target several insect species.

Restraint

High Maintenance Costs of Insect Pheromones as Compared to Traditional Pheromones

The market growth is significantly constrained by the high maintenance costs of many insect pheromones in comparison to those of traditional insecticides and pesticides. The product's high price makes it an unprofitable alternative for widespread crop protection. Even the least expensive pheromone has a high cost per gram and is significantly priced. The entire cost is also increased by the labor costs for its application and formulation.

Recent Developments
  • Biobest purchased a 60% share in Biopartner sp z o.o., one of the top manufacturers and suppliers of fertilizers, biopesticides, and biological plant protection products in the Polish horticulture industry, in April 2022. This deal will help Biobest to expand its footprint in Poland.
  • Koppert added four additional sticky traps to their Horiver sticky trap line in September 2021. Pests like leaf miners, aphids, thrips, whiteflies, and other hazardous insects are captured and monitored using the sticky traps Horiver Wet, Horiver Disc, Horiver Dry, and Horiver Delta in a range of crops.
  • Pherobank B.V. in July 2019, a pheromone lure for Contarinia nasturtii, a tiny fly whose larvae infest brassica plants and deform leaf stems and foliage.

Agricultural Pheromones Market: Key Players

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Agricultural Pheromones Market: Regions

Agricultural Pheromones Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America accounted for a major portion of the agricultural pheromones market in 2021 and is predicted to continue to dominate during the forecast period due to the widespread use of integrated pest management strategies for crop protection throughout the region. Pheromones are being used by farmers in North America for targeted pest control, and intensive research into the creation of novel semiochemicals is another element that supports the growth of the local market.


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Impact of Covid-19 on Agricultural Pheromones Market

Consumer tastes have changed during the COVID-19 pandemic in favor of nutritious and organic foods that support a healthy lifestyle and boost immunity. Moreover, new trends like the use of clean-label, natural, and safe foods and the consumption of pesticide-free products have an impact on how the agriculture system is set up. The market is unaffected by the coronavirus's global spread as several crop protection firms are likely to buy agricultural pheromones. The market's need for agricultural pheromones may be accelerated by the rise in demand for economic restructuring, healthy organic foods, and insect- and pest-free settings.

Agricultural Pheromones Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Agricultural Pheromones Market report also contains analysis on:

Agricultural Pheromones Market Segments:

  • By Type 
    • Sex Pheromones
    • Aggregation Pheromones
    • Others 
  • By Crop Type 
    • Vegetables
    • Orchard Crops
    • Field Crops
    • Others 
  • By Function 
    • Mating Disruption
    • Mass Trapping
    • Detection & Monitoring
  • By Application
    • Dispensers
    • Traps
    • Spray Methods
  • Agricultural Pheromones Market Dynamics
  • Agricultural Pheromones Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Agricultural Pheromones Market Report Scope and Segmentation

REPORT ATTRIBUTE

DETAILS

Market Size Value in 2021

USD 3 billion

Revenue Forecast in 2032

USD 16.4 billion

Growth Rate

CAGR of 16.7% from 2022 to 2032

Base Year for Estimation

2021

Quantitative Units

Revenue in USD billion and CAGR from 2022 to 2032

Report Coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments Covered

Type, Crop Type, Function, Application, and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key Companies Profiled

BASF SE, ShinEtsu, The Wonderful Company LLC, Koppert Biological Systems, Biobest Group NV, Provivi Inc., Certis Europe B.V., ATGC Biotech Pvt. Ltd., Novagrica, Sedq Healthy Crops, Pherobank B.V., Laboratorio Agrochem S.L., International Pheromone Systems, Russell IPM Ltd, Pacific Biocontrol Corporation, and Other Prominent Players.

Frequently Asked Questions (FAQ):

The Agricultural Pheromones Market size was estimated at USD 3 billion in 2021 and is expected to reach USD 16.4 billion in 2032.

Agricultural pheromones are the chemical signals that detect, capture, or eliminate insects that damage agricultural areas. Modern, environmentally friendly insect controllers use pheromones and other semiochemicals.

The Sex Pheromones and Dispensers segments accounted for the larger share of the Agricultural Pheromones Market.

Key players in the Agricultural Pheromones Market are BASF SE, ShinEtsu, The Wonderful Company LLC, Koppert Biological Systems, Biobest Group NV, Provivi Inc., Certis Europe B.V., ATGC Biotech Pvt. Ltd., Novagrica, Sedq Healthy Crops, Pherobank B.V., Laboratorio Agrochem S.L., International Pheromone Systems, Russell IPM Ltd, Pacific Biocontrol Corporation, and Other Prominent Players.

The major drivers of the Agricultural Pheromones Market are the easy use of agricultural pheromones, their reachability (the needed crop height for better mating disruption), and the effective release rate of technical ingredients.

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