Agricultural Pheromones Market Size, Strength, Key Segments Type, Key Application and Company Covered Forecast till 2026
Jun 7, 2019
Agricultural Pheromones Market summarized details by Increased awareness about pesticide toxicity and the threat of synthetic chemical pesticides to the beneficial natural predators and parasites have stimulated for the search of alternate safe products for crop protection.
Pune, India - June 7, 2019 /MarketersMedia/ —
According to a report published by Fortune Business Insights titled, ‘Agricultural Pheromones: Global Market Analysis, Insights and Forecasts, 2018-2025,’ the market was valued at US$ 1.92 Billion in 2017. On account of several factors, the Global Agricultural Pheromones Market is set to attain a market value of US$ 6.21 Billion by the end of 2025, exhibiting an exceptional CAGR of 15.86%.
The Global Agricultural Pheromones Market covered the value of US$ 1.92 Bn in the year 2017 and is expected to reach US$ 6.21 Bn by 2025. This information was published in a report, titled “Agricultural Pheromones Market Size, Share and Global Trend by Product Type (Sex Pheromones, Aggregation Pheromones), Function (Mating Disruption, Detection and Monitoring, Mass Trapping), Mode of Application (Traps, Sprayers, Dispensers), By Crop (Field Crops, Orchard Crops, Vegetables) and Geography Forecast till 2025.”
As per the report, the global market for agricultural pheromones is anticipated to exhibit a significant CAGR of 15.86% over the forecast years. A lead analyst said, “Pheromones are chemical molecules which act as a bridge for communication among several insects in the field”. He added, “This further helps to grow the crop production in a healthy and an efficient manner.”
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Key Companies Covered in The Agricultural Pheromones Market Reports are;
• Isagro
• Shin-Etsu
• BASF SE
• Koppert B.V.
• Russell IPM
• Biobest
• ISCA Technologies
• Suterra
• Pacific Biocontrol Corporation
• Exosect
• Other Players
Aggregation Pheromones to Emerge as the Dominant Product Type
Aggregation pheromones account for a major share in the global agricultural pheromones market. These type of pheromones attract both female and male insects, controlling the insect pests on a large scale. This is one of the primary factors fueling demand for aggregation pheromones. Among crop types, orchard crops are expected to lead and cover a higher value in the global agricultural pheromones market. These crops offer beneficial results in controlling insect pests by using pheromones.
Major Table of Content of Agricultural Pheromones Market are;
1. Market Dynamics
1.1. Market Drivers
1.2. Market Restraints
1.3. Market Opportunities
2. Key Insights
2.1. Overview of Agrochemicals Use Trend – For Key Countries
2.2. Supply Chain Analysis
2.3. Recent Industry Developments - Mergers & Acquisitions and New Product Launched
2.4. Agricultural Pheromones Patent Analysis
North America to Lead the Global Market Owing to Rising Adoption of Agricultural Pheromones
North America is projected to emerge dominant and exhibit higher growth rate in the global agricultural pheromones market during the forecast period. The rising demand for several fruit and field crops such as pears, apples, peaches, and cotton may create impressive growth opportunities in the global market. In addition to this, increasing awareness about the use of such crops is likely to benefit the agricultural pheromones market in this region. The market in the Asia Pacific is projected to report swift growth in the years to come. This is attributable to the growing use of agricultural pheromones in most of the countries in this region. The rising demand for exporting agricultural products from Brazil and China may increase the usage of agricultural pheromones in upcoming years.
Rising Need for Sustainable Agriculture to Bode Well for the Market
Sustainable agriculture is the need of the hour. The rising adoption of integrated pest management practices or IPM helps to ensure sustainability, thus driving the market. Another factor fueling the demand for agricultural pheromone chemicals is increasing food consumption in developed and developing countries. In addition to this, advancements in technologies such as remote sensing monitoring, are projected to open new growth opportunities for the agricultural pheromones market. This technology is intended to effectively monitor crops and prevent them from pests. Also, raising awareness about precision agricultural systems is expected to contribute to the growth of agricultural pheromones. Farmers are becoming aware of the adverse effects of biological or chemical pesticides, which in turn, will result in the rising demand for natural alternatives. This is expected to further boost the agricultural pheromones market in the years to come. Rapid advancements in biotechnology are likely to pave the way for new agricultural pheromone products.
Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/agricultural-pheromones-market-100071
Product Launches to Strengthen Product Portfolio Will Enable Market Gain Traction
Between 2014 and 2017, mergers and acquisitions and product launches were the most significant strategies adopted by companies. These strategies were implemented to gain higher access to the agricultural pheromones market. Now, companies are focusing on developing eco-friendly agricultural pheromone products to gain a competitive edge. Some of the leading players operating in the global agricultural pheromones market are Biobest, Syngenta, ISAGRO, Suterra, Provivi, Inc., Russell IPM, Bedoukian Research, BioPhero, Pherobank, Laboratorios Agrochem, Troy Biosciences, Exosect, and Pacific Biocontrol Corporation. Syngenta launched a meso pheromone called Cidetrak EGVM in Chile in November 2018. This pheromone product helped to control European grapevine month.
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Source: MarketersMedia
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