The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Agricultural Pheromones Global Market Report 2024, the agricultural pheromones market is expected to show significant growth in the forecast period.

The agricultural pheromones market has witnessed substantial growth, soaring from $4.29 billion in 2023 to an estimated $5.09 billion in 2024. This robust expansion, characterized by a compound annual growth rate (CAGR) of 18.6%, can be attributed to various factors, including economic growth, increased crop losses, investments in research and development, the expansion of agricultural production, and the escalating need for food safety.

Key Statistics:

• Market Size (2023): $4.29 billion
• Projected Market Size (2024): $5.09 billion
• CAGR (2023-2024): 18.6%

2. Future Projections

Anticipating even more dynamic growth, the agricultural pheromones market is expected to surge to $9.6 billion in 2028, with a projected CAGR of 17.2%. This growth is fueled by global population growth, the expansion of greenhouse farming, the rise of e-commerce platforms, increasing consumer demand for pesticide-free produce, and emerging markets for organic and specialty crops. Noteworthy trends include the adoption of integrated pest management (IPM), customized pheromone blends, collaborative research initiatives, and the diversification of pheromone types, including synthetic production.

Future Projections:

• Projected Market Size (2028): $9.6 billion
• Projected CAGR (2024-2028): 17.2%

3. Driving Forces: Chemical Pesticide Risks
4. Growing Awareness

The escalating awareness of the risks associated with chemical pesticides is a pivotal driver for the agricultural pheromones market. The shift towards organic food consumption, free from harmful pesticides, is a clear manifestation of this trend. The Indian organic business is expected to reach $10.73 billion by 2025, according to the Indian Brand Equity Foundation (IBEF), as consumers become more conscious of the health hazards posed by chemical pesticides.

1. Market Players

Leading companies contributing to the growth of the agricultural pheromones market include ATGC Biotech Pvt Ltd., BASF SE, Bio Controle, Biobest Group NV, and many others. These entities play a crucial role in providing safe and effective alternatives to traditional pesticide use.

View More On The Agricultural Pheromones Market Report 2024 – https://www.thebusinessresearchcompany.com/report/agricultural-pheromones-global-market-report

4. Technological Advancements

Technological innovation is a cornerstone shaping the agricultural pheromones market. Provivi and Syngenta’s collaborative launch of Nelvium, a pheromone-based solution for rice pest control, is a testament to the industry’s commitment to advancing pest management technologies. Furthermore, FMC Corporation’s strategic acquisition of BioPhero ApS in July 2022 underscores the importance of incorporating cutting-edge technologies into the pheromone pest control portfolio.

Notable Technological Advancements:

• Launch of Nelvium by Provivi and Syngenta
• FMC Corporation’s Acquisition of BioPhero ApS

5. Market Segmentation

The agricultural pheromones market is multifaceted, with segmentation based on type, function, crop type, and mode of application.

Market Segmentation:

1. By Type: Sex Pheromones, Aggregation Pheromones, Other Types
2. By Function: Detection and Monitoring, Mass Trapping, Mating Disruption, Other Functions
3. By Crop Type: Field Crops, Vegetables, Orchard Crops, Other Crop Types
4. By Mode of Application: Dispensers, Traps, Sprayers

Regional Dominance

In 2023, North America claimed the largest share in the agricultural pheromones market. The region is poised to maintain its dominance and emerge as the fastest-growing market during the forecast period.

Regional Insights:

• Largest Region (2023): North America
• Fastest-Growing Region (Forecast Period): North America

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The Agricultural Pheromones Global Market Report 2024  provides an in-depth analysis on the agricultural pheromones market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the agricultural pheromones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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