The global market size of pheromones is currently valued at USD 3 billion in 2019 and is expected to rise at a CAGR of 17% from 2020 to reach a value of USD 9 billion by 2030. The rising demand for the promotion of green agriculture and comprehensive pest management strategies has enabled market growth. Expanding pheromone prevalence in fruit such as apples, pears, oranges, and peaches in the U.S. and Mexico is attributed to the requirement for regulation of moth codling, grape moth, and Asian moth fruit. Similar activities have increased in popularity in vegetable and farm crops, such as sweet corn and cotton, respectively, through the US EPA and USDA IPM programs.
Pheromones are substances used by insects and other creatures for mutual communication. These chemical transmissions are sent by insects to attract potential mates, inform others of predators, or search for food. Traps may be used with different pheromones to control target pests in crops or residential neighborhoods. It could be possible to spot an infestation before it happens by actively checking for insects. Early intervention of insect pests using pheromone tricks can also reduce the harm to farming and other plants. Pheromones can also restrict the existence of insects which sting. Wide quantities of scattering of pheromones may be used to inhibit insect mating in agriculture.
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Pheromones Market in Agriculture: Key Players
- BASF SE (Germany)
- Suterra LLC (US)
- Russell IPM (US)
- Shin-Etsu Chemical Co. Ltd (Japan)
- Koppert Biological Systems (Netherlands)
- Isagro Group (Italy)
- Biobest Group NV (Belgium)
- ISCA Technologies (US)
- Trécé Inc. (US)
- Pherobank B.V (Netherlands)
- Certis Europe BV (Netherlands)
- Bioline Agrisciences Ltd (UK)
- Bio Controle (Brazil)
- ATGC Biotech Pvt Ltd (India)
- Sumi Agro France (France)
- SEDQ Healthy Crops S.L. (Spain)
- Novagrica (Greece)
- International Pheromone Systems (UK)
- Other Prominent Players
Pheromones Market in Agriculture: Segments
The mating disruption is predicted to rise for a higher revenue share in the forecast period
The mating disruption section is anticipated to hold the largest market revenue share of pheromones as a component since it is an efficient strategy due to its efficacy in controlling populations of insect pests. The method of mating disruption has led to the lowered application of pesticide sprinklers. It thus inhibits the possibilities for the production of tolerance among insects and decreases residues on fruits.
Sex pheromones are anticipated to be the largest-growing segment on the pheromones market by size.
Sex pheromones help to minimize insect pest populations in fruit & nuts, crops, and vegetable crops. These pheromones can be utilized to capture male and female pests due to which it is a more feasible alternative than pheromones for aggregation or host-marking.
Fruits & nuts are anticipated to dominate the pheromone market by crop size in the forecast period of 2020-2030
Rising demand for high-value crops worldwide, the category Fruits & Nuts is responsible for the largest market share by crop size. Pheromone application is anticipated to reduce the prevalence of pesticides on crops, thereby enhancing the export situation for the growers.
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Pheromones Market in Agriculture: Market Dynamics
Increase in awareness and government initiatives
During the forecast period 2020-2030, the market for agricultural pheromones is expected to grow at the fastest CAGR due to the rise in accepting sustainable farming practices. To decrease the effects and impact of insects in the field, farmers and market participants elect for effective maintenance techniques such as pheromone traps. The market is also driven by increased government programs to enhance the use of semiochemicals for pest control. Understanding of pesticide exposure and the threats of synthetic chemical pesticides to advantageous natural predators and pests has driven the adoption of alternative safe crop protection products, which in recent years has increased the market for agricultural pheromones.
High cost and prolonged research and development
High costs of different compounds used in pheromone processing, lengthy R&D processes, and the need for huge investments by farmers to establish insect pheromone traps are key factors that hinder the global demand for agricultural pheromones. It is also anticipated that volatile weather conditions will negatively impact the overall demand for agricultural pheromones. Crop-specific pheromone items and less active substance requirements make it less desirable for producers of agrochemicals, so the emphasis moves from pheromone products to other profitable agrochemicals.
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The Pheromones Market in Agriculture report also contains analysis on:
- Pheromones Market in Agriculture Segments:
- By type:
- Sex pheromones
- Aggregation pheromones
- Others (which include alarm pheromones, host-marking pheromones, and trail pheromones)
- By crop type:
- Field crops
- Fruits & nuts
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