Agricultural Pheromones Market Highlights

Agricultural Pheromones Market Size Valued At USD 7.3 Billion By 2030, Recording A CAGR Of 16.8% by 2022–2030. The global agricultural insect pheromones market is highly lucrative. Manufacturers of insect pheromones can leverage growth opportunities in the market due to advancements in agricultural technology. The use of remote sensing technology enables the effective monitoring of insects. Bioorganic synthesis of insect pheromones by market players is also driving market growth. Additionally, the development of pheromones as aerosol formulations is boosting sales as aerosol formulations offer high efficiency and are convenient to use. However, the major challenge being faced by the manufacturers of agricultural insect pheromones is the development of multi-target pest pheromone dispensers. Insect pheromones are usually species-specific and thus can be used to target a specific species of insect only. Therefore, market players are focusing on developing enhanced insect pheromone dispensers that can target multiple insect species simultaneously.

The global agricultural insect pheromones market has been segmented on the basis of type, crop type, mode of application, application, and region.

Based on type, the global agricultural insect pheromones market has been segmented into sex pheromones, aggregation pheromones, and others. The aggregation pheromones segment is expected to garner the largest market share and register the highest growth rate during the forecast period. The dominance of the segment can be attributed to the ability of aggregation pheromones to attract a high density of insects at a single source. It is the most widely used selective pest suppression method. Aggregation pheromones are effective at very low concentrations as well, thus, boosting their demand.

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The global agricultural insect pheromones market has been segregated, by crop type, into fruits and nuts, field crops, vegetables, and others. The field crops segment is currently the largest, in terms of revenue due to the high global production of various field crops such as cereals, cotton, and grains, especially in Asia-Pacific. However, the fruits and nuts segment is expected to exhibit the highest growth rate and gain market dominance during the forecast period owing to the increasing cultivation of high-value fruits and nuts across the globe and rising adoption of sustainable farming practices.

Based on mode of application, the global agricultural insect pheromones market has been segmented into dispensers, sprayers, and traps. The traps segment is projected to garner the largest revenue share of the global agricultural insect pheromones market during the forecast period due to the availability of modified and effective insect pheromone traps. However, the sprayers segment is expected to register an impressive CAGR during the forecast period owing to the rising adoption of microencapsulated insect pheromones, convenience of use, and high efficiency of spray pheromones.

By application, the global agricultural insect pheromones market has been segmented into trapping, monitoring, and mating disruption. The trapping segment is expected to garner the largest revenue share and exhibit the highest CAGR during the forecast period. This can be attributed to the surging use of aggregation pheromones and sex pheromones in various insect traps. Moreover, the development of enhanced insect pheromone traps and active pheromone compounds is reducing the use of insecticides which, in turn, is driving the segment growth. However, mating disruption is also expected to emerge as a significant application segment due to farmer preference for disrupting the mating cycle of crop pests.

Regional Analysis

The global agricultural insect pheromones market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World.

North America is expected to lead the global agricultural insect pheromones market due to the rising awareness about the benefits of using pheromones to suppress insect pests. Moreover, the high production of fruits and field crops in the region is also fueling the regional market growth. However, the market in Asia-Pacific is expected to register the highest growth rate during the forecast period owing to the increasing number of government initiatives to promote integrated pest management as a sustainable farming practice.

Key Players

Some of the key players in the global agricultural insect pheromones market are Biobest (Belgium), ISAGRO (Italy), BIOCONT LABORATORY (Czech Republic), Suterra (US), Russell IPM (UK), ISCA Technologies (US), Bedoukian Research (US), Pherobank (Netherlands), Troy Biosciences (US), Exosect (UK), Pacific Biocontrol Corporation (US), and Laboratorio Agrochem, SL (Spain).

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