What is Global Pheromones in Agriculture Market?
The Global Pheromones in Agriculture Market is a fascinating and rapidly expanding sector. Pheromones are chemical substances produced by animals, primarily insects, to communicate with each other. In agriculture, these pheromones are synthetically produced and used as a method of pest control, reducing the need for harmful pesticides. The market for these pheromones has seen significant growth, with a value of US$ 406 million in 2023. The potential for further expansion is vast, with projections indicating a rise to US$ 667.2 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period from 2024 to 2030.
Alarm Pheromones, Trail Pheromones, Other in the Global Pheromones in Agriculture Market:
The Global Pheromones in Agriculture Market is divided into several categories, including Alarm Pheromones, Trail Pheromones, and others. Alarm Pheromones are released by insects when they are threatened, alerting other members of their species to the danger. Trail Pheromones, on the other hand, are used by insects to mark paths to food sources or nesting sites. Other types of pheromones used in agriculture include sex pheromones, which attract mates, and aggregation pheromones, which draw insects together. These different types of pheromones are used in various ways in agriculture, providing a range of solutions to pest problems.
Field Tests, Agricultural Pesticides, Other in the Global Pheromones in Agriculture Market:
The use of pheromones in agriculture is not limited to pest control. They are also used in field tests, as agricultural pesticides, and in other applications. Field tests involve the use of pheromones to monitor insect populations, providing valuable data for pest management strategies. As agricultural pesticides, pheromones offer a more environmentally friendly alternative to traditional chemical pesticides. Other applications of pheromones in agriculture include their use in integrated pest management (IPM) programs, where they are combined with other pest control methods to achieve more effective results.
Global Pheromones in Agriculture Market Outlook:
Looking at the market outlook for Global Pheromones in Agriculture, it's clear that this is a sector on the rise. In 2023, the market was valued at US$ 406 million. However, by 2030, it's expected to reach a staggering US$ 667.2 million. This represents a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period from 2024 to 2030. The market is dominated by four main manufacturers, who collectively hold around 35% of the market share. Europe is the leading production region, accounting for approximately 40% of the market share, followed by North America and Japan.
| Report Metric | Details |
| Report Name | Pheromones in Agriculture Market |
| Accounted market size in 2023 | US$ 406 million |
| Forecasted market size in 2030 | US$ 667.2 million |
| CAGR | 7.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF (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), Trece Inc. (US), Bedoukian Research, 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), Laboratorios Agrochem, S.L. (Spain), Novagrica (Greece), International Pheromone Systems (UK) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
