The report "Agricultural Pheromones Market by Crop Type (Fruits & Nuts, Field Crops, & Vegetable Crops), Function (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Dispensers, Traps, & Sprays), Type, and Region - Global Forecast to 2026", The global agricultural pheromones market is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 6.1 billion by 2026, recording a CAGR of 16.1% during the forecast period. The rise in concerns of consumers and governments about food safety has encouraged growers to explore new environment-friendly methods to replace or at least supplement the current chemical-based practices. The use of pheromones has emerged as a promising alternative to chemical pesticides. Pheromones are offered at a low cost in the market as compared to chemical pesticide sprays. In addition, government organizations are encouraging the adoption of pheromones for crop protection across regions. These are some major factors that are projected to drive market growth for the next six years.
Browse 335 market data Tables and 55 Figures spread through 324 Pages and in-depth TOC on "Agricultural Pheromones Market by Crop Type (Fruits & Nuts, Field Crops, & Vegetable Crops), Function (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Dispensers, Traps, & Sprays), Type, and Region - Global Forecast to 2026"
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Sex pheromones accounts to be the largest type for the agricultural pheromones globally.
Sex pheromones used to attract the opposite sex, aggregation pheromones produced by both sexes to bring together insects for either mating or feeding purposes, alarm pheromones produced in response to being attacked by the insects in the same species or different species, and trail pheromones used to announce the presence of food and colony relocation purposes. Sex pheromones are used majorly for mating disruption and mass trapping purposes. The use of mating disruption remains high due to the benefits of resistance management. The increasing use of pesticides could improve the resistance among insects to these pesticides. However, this does not happen in the case of pheromones. Likewise, sex pheromones could help reduce the use of insecticides, thereby inching closer to the adoption of sustainable farming practices. This increasing need for integrated pest management solutions is projected to drive the growth of the sex pheromones segment.
Mating disruption is estimated to be the largest segment for agricultural pheromones market by function in 2021.
Mating disruption has been prevalent among farmers as it utilizes the advantages of sex pheromones to diverge or limit the ability of the male insects to locate female insects. This method also requires a large concentration of pheromones compared to other methods, such as detection & monitoring, and mass trapping. Due to these reasons, the mating disruption segment accounted for a larger share in the market, in terms of value, in 2021.
Sprays is projected to be the fastest-growing segment, by mode of application during the forecast period.
For controlling insect pests, pheromone sprays, such as piezoelectric micro-sprayer and microencapsulated sprayable, are used. Microencapsulated pheromones are small droplets of pheromones enclosed in polymer capsules that control the pheromone release rate. These are manufactured in small size for application in water through normal air blast sprays in the same manner as conventional pesticides. With time, pheromone sprays are becoming a green alternative to pesticide sprays. Pheromone sprays are preferred by growers due to their wider coverage in the application area. This proves to be suitable in cases where it has to be applied to large farms and vineyards, and its use remains high. The market for sprays is growing in developed countries of regions such as North America and Europe due to the mechanization properties of sprays.
Fruits & nuts is estimated to be the largest segment for agricultural pheromones market by crop type in 2021.
Companies such as Suterra (US), Koppert Biologicals (Netherlands), and Russell IPM (UK) focus on providing solutions for insect pheromones in fruits. There is a high demand for insecticides in countries such as the US and Mexico. However, these countries are witnessing a rapid adoption of organic farming for fruits and high domestic and international demand for tropical fruits. Thus due to these factors the region accounted for the largest market share in the agricultural pheromones market. Europe is the second-largest market for agricultural pheromone application in fruits & nuts. In the European region, countries such as Italy, Spain, and the Netherlands are the major producers and exporters of fruits, due to which the demand is growing.
Pheromone formulations are being adopted for pome fruits, which are most prone to attacks from codling moths. The demand for tropical fruits is growing in countries such as the US and Mexico. These countries are also allocating their cultivation area for organic farming to cultivate fruits, which has driven the growth of this market.
North America is projected to be the fastest-growing region during the forecast period.
The agricultural pheromones market in the North American region is projected to grow at the highest CAGR between 2021 and 2026. Government support, increase in demand for organic food, expansion of area under organic farming, new enhanced regulations to modernize the export industry, and reduced dependence on conventional insecticides are some factors that have contributed to the growth of the agricultural pheromones market in this region.
The key players in this market include BASF SE (BASF), ISAGRO S.p.A (Isagro), Biobest Belgium NV (Biobest Belgium), Koppert B.V. (Koppert), Suterra LLC (Suterra), Russell IPM Ltd. (Russell IPM), ISCA Technologies, Inc. (ISCA Technologies), Bedoukian Research, Inc. (Bedoukian Research), Troy Biosciences, Inc. (Troy Biosciences), and Pherobank BV (Pherobank). Key manufacturers are focusing on undertaking product launches to improve penetration in the developing markets of the Asia Pacific and South America.
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