HOME Research Insight Russell IPM (UK) and Isagro (Italy) are the Key Player in the Pheromones Market

Russell IPM (UK) and Isagro (Italy) are the Key Player in the Pheromones Market

The key players identified in the pheromones market for agriculture include Russell IPM (UK), Isagro (Italy), Trécé (US), and Exosect (UK). The market is projected to reach a value of USD 4.23 Billion by 2022, growing at a CAGR of 16.26% from 2017 to 2022. The agricultural insect pheromones market is driven by factors such as supportive regulations for research and production of semiochemicals and high demand for a sustainable agricultural approach.

The key market players adopted strategies such as new product launches and acquisitions for strengthening their market outreach in different geographical regions through their innovations in active ingredients and trap designs. Leading players have been focused on strengthening their R&D proficiencies by signing agreements with other companies to develop innovative non-chemical products for crop protection.

The key established players in this market hold an effective distribution channel through their business units across the world along with strategic collaborative strategies. Market leaders such as Russell IPM (UK), Isagro (Italy), Exosect (UK) and Biobest (Belgium) have successfully tapped the potential markets through the development of innovative product launches, partnerships, agreements, and expansions. These key companies focused on investments and expansions in the market on a regional as well as global level, to strengthen and expand their position in the insect agricultural pheromones market. The trend of pheromones for insect control has been on an upward scale owing to the growing concerns about the usage of pesticides. The focus of competitive rivalry among these players has been on improving the yield per crop by way of effective usage of insect pest control methods.

Biobest (Belgium) completed acquisitions of companies such as Borregaard Bioplant Aps (Denmark) and its Swedish subsidiary Biobasiq Sverige AB (Sweden) in May 2017, and The Bug Factory (Canada) in September 2014. These acquisitions helped strengthen the company’s global business, thereby becoming the leader in the western US, Canada, and Scandinavian market with their innovative Ag Technology.

Various key players such as Certis Europe (Netherlands) and Koppert (Netherlands) have been launching new products to strengthen their market presence. Koppert launched a new Drososan trap in July 2017 to monitor and control fruit fly species Drosophila suzukii which affects soft fruits. In May 2016, Certis launched new products under the Cidetrak brand in Spain to control codling moth and oriental fruit moth where the Cidetrak range of products are developed and distributed in partnership with the proprietor company, Trécé.

Related Reports:

Pheromones Market in Agriculture by Crop Type (Field Crops, Fruits & Nuts, Vegetables), Application (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Traps, Dispensers, Sprays), Type, and Region - Global Forecast to 2022

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