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

Strong Market Growth

• Market Size: $4.56 billion in 2023, expected to reach $5.37 billion in 2024.
• CAGR: 17.6%.
• Growth Factors:
  • Market acceptance and education.
  • Pest resistance concerns.
  • Increased agricultural productivity demands.
  • Chemical ecology research.
  • Advancements in formulations.

Future Market Projections

• Expected Market Size: $9.67 billion by 2028.
• CAGR: 15.9%.
• Growth Drivers:
  • Climate change impact.
  • R&D investments.
  • Consumer demand for organic products.
  • Precision agriculture adoption.
  • Market expansion in developing regions.

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• Major Trends:
  • Biopesticide preference.
  • Targeted pest management.
  • Integrated pest management (IPM).
  • Expanding agricultural practices.
  • Pheromone technology advancements.
  • Increased consumer awareness.

Surging Adoption of Organic Farming Practices

• Organic Farming Impact: Significant contributor to semiochemicals market growth.
• Organic Farming Definition: Uses biological fertilizers and ecological insect treatments.
• Semiochemicals Role: Effective and environmentally friendly pest control.
• Example:
  • UK’s organic farming practices increased by 34% in 2021 compared to 2020 (Defra report).
• Market Impact: Rapid adoption of organic farming drives the semiochemical market.

Leading Companies

• Key Players:
  • Shin-Etsu Chemical Co. Ltd.
  • Pacific Biocontrol Corp.
  • Bedoukian Research.
  • Suterra LLC.
  • Pherobank.
  • Isagro Group.
  • Certis Europe B.V.
  • Corteva Inc.
  • Russell IPM Ltd.
  • Koppert Biological System.
  • CBC GmbH.
  • Sumisho Electronics Devices Quality Assurance Ltd.
  • Biobest Group NV.
  • Bioline AgroSciences Ltd.
  • Hercon Environmental.
  • Scentry Biologicals Inc.
  • BioPhero A/S
  • DuPont de Nemours Inc.

Technological Advancements in the Semiochemicals Market

• Key Trend: Increasing popularity of technological advancements.
• Focus: Enhancing applications on crucial crops like rice and wheat.
• Example:
  • Provivi Inc. partnered with Syngenta Crop Protection to launch Nelvium, a new mating disruption technology for rice pests.
  • Benefits: Maximizes efficacy and scalability of pest management, reduces resistant populations.

Strategic Acquisitions

• Example:
  • FMC Corporation acquired BioPhero ApS in July 2022.
  • Objective: Expands expertise in organic farming and pest control using pheromones.
  • BioPhero ApS: Denmark-based pheromone research and production company.

Market Segmentation

• By Type:
  • Pheromones.
  • Allelochemicals.
• By Crop Type:
  • Field Crops.
  • Orchard Crops.
  • Vegetable Crops.
• By Application:
  • Detection and Monitoring.
  • Mass Trapping.
  • Mating Disruption.

Regional Insights

• Largest Region: North America in 2023.
• Fastest-Growing Region: Expected to be North America during the forecast period.

The semiochemicals market is experiencing rapid growth, driven by technological advancements, the adoption of organic farming practices, and strategic acquisitions. With increasing consumer awareness and the need for environmentally friendly pest control solutions, the market is poised to expand significantly in the coming years. As precision agriculture and organic farming practices continue to rise, the demand for semiochemicals will further accelerate, solidifying their importance in modern agricultural practices.

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The Sheet Metal Global Market Report 2024  provides comprehensive insights on the sheet metal market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the sheet metal 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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