Agricultural Insect Pheromones Market Size Anticipated to Reach at a USD 7.3 Billion By 2030, Recording A CAGR Of 16.8% by 2022-2030.
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Agricultural insect pheromones are chemical signals that are used to trap, monitor, or disrupt insects that cause harm to fields. Pheromones are hormones secreted by insects to communicate with each other. Advances in technology and agricultural techniques have enabled farmers and market players to use insect pheromones as an integrated pest management method. The global agricultural insect pheromones market is projected to register a notable CAGR during the forecast period due to the surging adoption of sustainable agricultural practices. Farmers are opting for integrated pest management techniques including insect pheromone traps to maintain the economic threshold level (ETL) of insects in the field. Moreover, increasing government initiatives to promote the use of semiochemicals for pest control are also driving market growth.
The major factors hampering the growth of the global agricultural insect pheromones market are the high cost of such active chemicals, prolonged R&D process, and need for high investments by farmers to set up and maintain insect pheromone traps. Moreover, uncertain climatic conditions are also hampering the growth of the global agricultural insect pheromones market.
The global agricultural insect pheromones market has been segmented based on type, crop type, mode of application, application, and region.
By type, the global agricultural insect pheromones market has been classified as sex pheromones, aggregation pheromones, and others.
Based on crop type, the global agricultural insect pheromones market has been classified as fruits and nuts, field crops, vegetables, and others.
The global agricultural insect pheromones market has also been segregated, on the basis of mode of application, into dispensers, sprayers, and traps.
By application, the global agricultural insect pheromones market has also been classified as trapping, monitoring, and mating disruption.
The global agricultural insect pheromones market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American agricultural insect pheromones market has further been segmented into the US, Canada, and Mexico. The European agricultural insect pheromones market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The agricultural insect pheromones market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The agricultural insect pheromones market in the rest of the world has been segmented into South America, the Middle East, and Africa.
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) are some of the key players in the global agricultural insect pheromones market.
Global Agricultural Insect Pheromones Market Share (%), by Region, 2020 
Source: Secondary Sources and MRFR Analysis
North America is expected to dominate the global agricultural insect pheromones market during the review period owing to the high adoption of insect pheromone traps over conventional insecticides. However, the market in Asia-Pacific is expected to register the highest growth rate during the forecast period due to the increasing presence of market players in the region and rising adoption of insect pheromone traps by several fruit and field crop growers.
Key Players in the Global Agricultural Insect Pheromones Market
Intended Audience
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 7.3 Billion |
| CAGR | 16.8% (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, By Crop Type, By Mode of Application, and By Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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) |
| Key Market Opportunities | High cost of such active chemicals, prolonged R&D process |
| Key Market Drivers | Surging adoption of sustainable agricultural practices |
Frequently Asked Questions (FAQ) :
Agricultural insect pheromones market is driven the adoption of sustainable agricultural practices.
High cost of active chemicals and need for high investments by farmers are factors that can hamper the global insect pheromones market.
North America can dominate the global agricultural insect pheromones market due to adoption of insect pheromone traps.
APAC can register the highest growth rate in the global agricultural insect pheromones market.
Exosect, Suterra, Laboratorio Agrochem, SL, ISAGRO, Bedoukian Research, ISCA Technologies, Pacific Biocontrol Corporation, Troy Biosciences, Russell IPM, BIOCONT LABORATORY, Biobest, and Pherobank are notable players of the global agricultural insect pheromones market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
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