According to MarketsandMarkets, the agricultural pheromones market is projected to reach USD 8.2 billion by 2028 from 3.9 billion by 2023, at a CAGR of 16.2% during the forecast period in terms of value. A number of variables influence the need for agricultural pheromones worldwide. Initially, there is a global shift away from chemical-intensive farming practices and a growing emphasis on sustainable agriculture practices. Agricultural pheromones provide a targeted, all-natural pest management strategy that lessens the need for toxic pesticides. In addition, farmers are looking for creative ways to maximize agricultural yields due to the growing world population and the necessity to increase food production. Pheromones are essential for enhancing pollination and elevating agricultural output. Regulatory demands and customer demands for pesticide-free produce have also accelerated the use of agricultural pheromones as a secure and environmentally friendly pest control method.
The key players in this market includes Shin-Etsu Chemical Co., Ltd (Japan), BASF SE (Germany), Mitsui & Co., Ltd. (Japan), Biobest Group NV (Belgium), The Wonderful Company LLC (US), Russell IPM (UK), ISCA Technologies (US), Trécé Incorporated (US), Bedoukian Research, Inc. (US), Pherobank (Netherlands), Koppert Biological Systems (Netherlands), Gowan Company (US), InVivo (France), Bio Controle (Brazil), and ATGC Biotech Pvt Ltd. (India).
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Shin-Etsu (Japan), Shin-Etsu Chemical Co., Ltd is a leading manufacturer of agricultural pheromones founded as Shin-Etsu Nitrogen Co., Ltd. initially manufactured chemical fertilizer and limestone nitrogen. The company operates through four business segments that include infrastructure materials, electronics materials, functional materials, processing & specialized services. The company offers pheromones through its functional materials business segment. The company has its domestic as well as overseas production bases. There are 27 domestic production bases and 93 production bases across Asia, Oceania, Europe, North America, and South America. In Japan, the company has its R&D divisions located within the premises of each production plant, that allows the company to quickly develop products along with extensive research support.
Koppert Biological Systems (Netherland), 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. The company supports its customers across more than 100 countries for the successful application of sustainable growing methods. The company has 30 subsidiaries across regions such as North America, South America, Asia-Pacific, and Europe. In January 2023, Koppert Biological Systems completed the acquisition of Linderso AB, a prominent distributor in Sweden. The acquisition would enable the company to improve its geographical presence and commercial strength in the Scandinavian market.
Gowan Company (US), Gowan Company is a family-owned agriculture solutions business that specializes in developing, marketing, and manufacturing of global agriculture solutions. Gowan company offers a comprehensive range of crop protection products and seeds, providing solutions for a wide variety of crops, including fruits, vegetables, cereals, and specialty crops. Gowan has over 45 business units in 19 countries and sells its products to over 70 countries worldwide. The company has also established a global network of subsidiaries and partnerships which enables the company to understand and address the unique challenges faced by farmers across different geographical locations. In August 2021, Gowan company announced the completion of the purchase of Isagro Group. Isagro is now a privately owned company controlled by Gowan. This acquisition would expand the commercial opportunities for Gowan and would also strengthen its scientific capabilities. In December 2020, Gowan Company, L.L.C. has entered into an exclusive licensing agreement with Syngenta to acquire rights to the active ingredients prosulfuron and primisulfuron for herbicide solutions. This agreement would result in the addition of prosulfuron and primisulfuron to the Gowan product portfolio, thereby expanding its core product offering and allowing the company to serve the farmers’ needs in crop production.
Biobest Group NV (Belgium), Biobest Group NV is one of the leading companies in the market for biological crop protection and pollination. It offers various products, that includes bumblebee pollination, biological pest control, biological disease control, and monitoring & scouting. The company offers pheromones traps through its monitoring & scouting business unit. Biobest Group NV has 24 subsidiaries and relates to more than 120 distributors across 5 continents. It provides solutions for vegetables, ornamentals, soft fruits, and orchards with its natural solutions and helps produce healthy products and a clean environment. In May 2023, Biobest Group NV proposed the acquisition of BioWorks, Inc., a key leading player in the biopesticides industry. This acquisition would enable Biobest Group NV to expand its biopesticide product portfolio and enhance the company’s manufacturing capabilities in North America. Similarly in February 2023, Biobest Group NV signed an agreement with Sofina and other several private investors with an aim to increase the capital of the company by USD 107.62 Million. The investment would allow the company to consolidate its growth through multiple strategic acquisitions.
The Wonderful Company LLC (US), The Wonderful Company LLC is a globally recognized and privately held company that operates in the agriculture, consumer goods and entertainment industries. The company strives to deliver high-quality products and foster sustainable practices. The company’s diverse portfolio includes well-known brands such as Wonderful Pistachios, Wonderful Halos, POM Wonderful, FIJI Water, JUSTIN Wines, and Telefora, among others. In the agricultural sector, the company is dedicated in providing agricultural solutions to farmers and involved in cultivation of healthy and responsible production of agricultural products such as citrus, almonds, and others. Suterra LLC is a business division of Wonderful Company LLC, through which the company offers various products that includes wide range of pests, pheromone products, dispensers, and other organic products with a variety of different deployment methods. In February 2022, Suterra LLC, a subsidiary of Wonderful Company LLC launched a new monitoring lure for pear, apple, and walnut pests. This lure would be beneficial for controlling the codling moth affecting fruit crops. It can also be used to monitor in conjunction with pheromone mating disruption solutions that confuse male species of codling moths. Suterra LLC is expanding the product portfolio of monitoring products which are used for mating disruption especially in orchards.
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 2028
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