Adoption & integration of IoT and AI in pest monitoring and expansion of agricultural sectors in developing countries is expected to drive the Global Agricultural Pheromones Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Agricultural Pheromones Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Agricultural Pheromones Market stood at USD 3.14 Billion in 2022 and is anticipated to grow with a CAGR of 14.36% in the forecast period, 2024-2028. The global agricultural pheromones market is propelled by several key factors. The rising demand for sustainable farming methods is driving the adoption of pheromones as a bio-based pest control solution.
The increasing resistance of pests to conventional chemical pesticides is influencing farmers to opt for pheromones. Supportive government initiatives promoting eco-friendly farming practices, coupled with growing awareness among farmers about the benefits of pheromones, are fueling the market growth.
The Global Agricultural Pheromones Market is a dynamic and rapidly evolving sphere that encompasses various aspects of farming and horticulture. This vast market extends across multiple regions worldwide, playing a vital role in the production, distribution, and application of pheromones in diverse ways. These include but are not limited to pest management, crop pollination, and overall agricultural sustainability. Within this market, there is a continuous focus on research and development, aiming to innovate and introduce new pheromone products.
Simultaneously, advancements in deployment mechanisms are being made to enhance efficacy and efficiency. Novel technologies such as microencapsulation and controlled release systems are being explored to extend the duration and effectiveness of pheromone-based pest control methods. Furthermore, the integration of artificial intelligence and machine learning algorithms is opening up new possibilities for precision agriculture and targeted pheromone application.
Alongside these developments, regulatory policies are being established to ensure the responsible and safe use of pheromones in agriculture. International standards and guidelines are being formulated to address issues such as residue tolerance, ecological impact assessment, and labeling requirements. These measures are essential to maintain consumer confidence, protect the environment, and ensure the sustainable growth of the agricultural pheromones market.
It is important to highlight that the expansion of the agricultural pheromones market is driven by various factors. The increasing demand for sustainable farming practices serves as a critical catalyst, pushing for the adoption of environmentally friendly pest control methods. Additionally, the need for effective pest control solutions further contributes to the growth of this market, as farmers strive to protect their crops and maximise yields. Furthermore, the growing awareness of the negative impacts of synthetic pesticides on human health and the environment has led to a shift towards integrated pest management approaches, where pheromone-based solutions play a significant role.
The Global Agricultural Pheromones Market is a dynamic and multifaceted landscape that continues to evolve, driven by the pursuit of sustainable farming practices, the constant quest for innovative pest control methods, and the integration of emerging technologies. As farmers and researchers collaborate to address the challenges of food security and environmental sustainability, the future of agricultural pheromones holds immense potential in shaping the future of global agriculture.
The Global Agricultural Pheromones Market is segmented into type, function, crop type, mode of application, regional distribution, and company.
Based on crop type, the Global Agricultural Pheromones Market is currently being dominated by the Fruits and Nuts category. This sector has witnessed a substantial increase in the use of pheromones for pest control, largely due to the high economic value of these crops and the drive towards more sustainable farming practices. Fruit and nut farmers across the globe have adopted this technology to maximise their yield and minimise crop loss, contributing significantly to the overall market share of agricultural pheromones.
Furthermore, the implementation of pheromones in the Fruits and Nuts category has not only proven effective in pest management but has also demonstrated additional benefits. By utilising pheromones, farmers have observed a reduction in the need for chemical pesticides, resulting in a decrease in environmental pollution and a safer working environment for farm laborers. The use of pheromones has also shown promise in improving fruit quality and extending the shelf life of harvested produce, enhancing the market value of these agricultural products.
As consumer demand for sustainable and environmentally friendly practices continues to grow, the Fruits and Nuts sector’s reliance on agricultural pheromones positions it as a key player in the global market. The adoption of this technology highlights the industry’s commitment to responsible farming methods and the preservation of natural resources. With ongoing research and advancements in pheromone-based pest control, the Fruits and Nuts category is poised to maintain its dominant position in the Global Agricultural Pheromones Market while contributing to the overall growth and sustainability of the agriculture industry.
Based on region, North America has emerged as the dominant player in the agricultural pheromones market and is projected to exhibit the highest growth rate throughout the forecast period. The utilisation of pheromones for mating disruption has contributed to North America’s prominent position in the global market. This region is expected to maintain its leadership position due to the presence of renowned companies focusing on innovative agricultural pheromones.
In the European market, the second-highest position is anticipated to be retained, driven by the increased demand for environmentally safe crop protection solutions. This demand will further propel the adoption of advanced agricultural pheromones in the region. The Asia Pacific region has witnessed significant growth in the agricultural pheromones market, with farmers embracing these solutions to enhance crop production and revenues. In South America, the commercial cultivation of coffee, soybeans, and corn has led to an increased usage of agricultural pheromone products. Meanwhile, growing awareness of the benefits of agricultural pheromones in South America, as well as the Middle East and Africa, will drive market growth in both regions.
Major companies operating in Global Agricultural Pheromones Market are:
- Biobest Group NV
- BASF SE
- Shin-Etsu Chemical Co., Ltd.
- ATGC Biotech Pvt Ltd.
- Bioline AgroSciences Ltd
- Bio Controle
- Métodos de Controle de Pragas Ltda.
- Isagro Group
- Koppert Biological Systems
- Hercon Environmental Corporation
“The future of the global agricultural pheromones market is expected to be promising, driven by the increasing demand for high-quality crops, sustainable farming practices, and rising awareness of the harmful impacts of synthetic pesticides on both the environment and human health,” said Karan Chechi, Research Director with TechSci Research.
“As consumers become more conscious of the need for sustainable and eco-friendly agricultural solutions, the adoption of pheromones for pest control is gaining significant global interest. Technological advancements in the field of pheromone synthesis and delivery systems are expected to further drive the growth of the agricultural pheromones market.”
TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.
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