Pheromones for Pest Control Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030.
The global agricultural pheromones market is experiencing significant growth, driven by the increasing demand for sustainable pest management solutions and the rising awareness of the adverse effects associated with chemical pesticides. As of 2023, the market was valued at approximately USD 4.24 billion and is projected to reach USD 17.72 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.38% during the forecast period.
Agricultural pheromones are chemical signals used by insects to communicate with each other. In pest control, these pheromones are utilized to manipulate pest behavior, effectively reducing crop damage. The primary types of pheromones used include:
Sex Pheromones: Attract members of the opposite sex for mating purposes.
Aggregation Pheromones: Cause insects to congregate, facilitating mass trapping.
Alarm Pheromones: Warn other insects of danger, leading to dispersal.
Several factors are propelling the growth of the agricultural pheromones market:
Environmental Concerns: Growing awareness of the negative impacts of chemical pesticides on the environment and human health has led to a shift towards eco-friendly alternatives.
Government Initiatives: Policies promoting sustainable agriculture and integrated pest management (IPM) practices encourage the adoption of pheromone-based solutions.
Advancements in Technology: Innovations in pheromone synthesis and application methods have made these solutions more accessible and cost-effective for farmers.
The adoption of agricultural pheromones varies across regions:
North America: Dominated the market with a share of 32.55% in 2023, attributed to advanced farming practices and supportive government policies.
Europe: Exhibits significant growth due to stringent regulations on pesticide use and a strong emphasis on organic farming.
Asia-Pacific: Rapidly growing market driven by increasing agricultural activities and a shift towards sustainable farming methods.
Despite the positive outlook, the market faces certain challenges:
High Costs: The production and application of pheromones can be expensive, deterring small-scale farmers.
Lack of Awareness: Limited knowledge about pheromone-based pest control methods in developing regions hampers market growth.
However, these challenges present opportunities for growth:
Cost Reduction: Technological advancements can lead to more affordable pheromone products.
Education and Training: Initiatives to educate farmers about the benefits and application of pheromones can drive adoption.
The agricultural pheromones market is poised for substantial growth, with projections indicating a market size of USD 17.72 billion by 2032. The increasing emphasis on sustainable agriculture, coupled with technological advancements, is expected to drive this growth. Companies operating in this sector should focus on research and development to innovate cost-effective solutions and expand their reach in emerging markets.
In conclusion, agricultural pheromones offer a promising alternative to traditional chemical pesticides, aligning with global trends towards sustainability and environmental conservation. The market's future looks optimistic, provided that challenges are addressed through concerted efforts by stakeholders.
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Shin-Etsu
Suterra
Bedoukian Research
SEDQ
Pherobank
Isagro
Russell Ipm
BASF
Provivi
Wanhedaye
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pheromones for Pest Control Market
Orchard Crops
Field Crops
Vegetables
Others
Based on Types the Market is categorized into Below types that held the largest Pheromones for Pest Control market share In 2023.
Sex Pheromones
Aggregation Pheromones
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pheromones for Pest Control Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pheromones for Pest Control Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pheromones for Pest Control Market, By Type
6. Global Pheromones for Pest Control Market, By Application
7. Global Pheromones for Pest Control Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pheromones for Pest Control Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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