Agricultural Pheromones Market

Market Leader – Koppert Biological System and Isagro Group are Focusing on Partnerships, Acquistions, and Investment Strategies to Strengthen their Market Positon in Agricultural Pheromones Market

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. Pheromones control the insect population by detecting and monitoring the insect’s presence, disrupting the mating between insects, and trapping the insect population. The market for agricultural pheromones is witnessing steady growth and gaining momentum across regions. This is mainly due to factors, such as the effective implementation and awareness initiatives of integrated pest management practices for sustainable agriculture.

Key players in this market include Shin-Etsu Chemical Co., Ltd. (Japan), Koppert Biological Systems (Netherlands), Isagro Group (Italy), Biobest Group NV (Belgium), and Suterra LLC (US),.

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Shin-Etsu Chemical Co., Ltd is a leading manufacturer of agricultural pheromones founded as Shin-Etsu Nitrogen Co., Ltd. initially manufacture chemical fertilizer and limestone nitrogen. It operates through six business segments: PVC (Polyvinyl chloride)/Chlor alkali business; silicones; semiconductor silicon; electronics and functional materials; specialty chemicals; and processing, trading, & specialized services. The company offers pheromones through its specialty chemicals business. The synthetic pheromones provided by the company are safe and environment-friendly. It serves a major role in the elimination of agricultural pests. Shin-Etsu Chemical conducts R&D initiatives with a unique approach by selecting research topics. These initiatives have secured the top global or Japanese market share in many fields, including PVC resins, silicon wafers and silicones, cellulose, synthetic pheromone, rare-earth magnets, and synthetic quartz.

Koppert Biological Systems is involved in the production and distribution of biological solutions, which aids in coping with challenges, such as pest control, disease control, boosting pollination, and plant growth promotion. The company provides pesticides, pollination systems, distribution appliances (including blowing devices and dispersal systems), and monitoring solutions. It also provides pheromone traps through its monitoring solutions category. Koppert Biological Systems produces cultivation solutions for food crops and ornamental plants. The company’s R&D is source of biological solutions which are subsequently adopted worldwide. Koppert Biological Systems acquired Natural Enemies (US), a leader in the cannabis industry for chemical-free pest management. This acquisition would help the growers to gain access to Koppert Biological Systems’ high-quality products as well as make efficient use of the company’s knowledge in horticulture.

Isagro Group is an Italian company that is actively involved in the development, production, and distribution of agro pharmaceutical chemicals. Some of the products offered by the company include fungicides, insecticides, microorganisms, biostimulants, pheromones, and fumigants, which cater majorly to crop protection solutions. The company offers pheromones as a solution through its crop protection segment, which accounts for nearly 92% of the total revenue flows of the company.

The company has its manufacturing activities at four sites in Italy with direct distribution in Brazil, Colombia, Italy, Spain, and the US. It sells in over 70 countries such as Australia, Chile, Mexico, South Africa. PI Industries (India) acquired Isagro’s India-based subsidiary, Isagro Asia. This acquisition helped enhance the PI Industries’ access to the manufacturing capabilities of Isagro Asia, which enabled it to expand its customer base. This acquisition would also reduce Isagro Group’s financial debt.

Related Reports:

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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Report Code
AGI 5635
RI Published ON
8/24/2021
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