PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1501660
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1501660
US Agricultural Pheromones Market is valued at approximately USD 994.96 million in 2023 and is anticipated to grow with a healthy growth rate of more than 16.72% over the forecast period 2024-2032. Agricultural pheromones are chemical substances used in agriculture to manage pests by manipulating their behavior. These pheromones are natural substances that insects produce to attract mates, warn other insects of danger, or find food. In agriculture, pheromones are used in a variety of ways to control insect pests. The most common application is for mating disruption. Mating disruption involves saturating an area with synthetic pheromones, which confuses male insects and makes it difficult for them to find mates. This significantly reduce the population of a pest insect. Also, there is a significant investment in R&D to develop new pheromone formulations and discover pheromones for pests that have not yet been targeted. This includes both academic research and private-sector innovation. Thus, the rise in research and development activities is anticipated to support the market growth.
Moreover, innovations in pheromone synthesis and delivery systems have made these products more effective and easier to use. Improved formulations and dispensing technologies enhance the efficiency and longevity of pheromones in the field. Also, there is a significant shift towards more sustainable and eco-friendly pest control methods with growing concerns over the environmental impact of conventional pesticides. Pheromones provide a non-toxic alternative to chemical pesticides, aligning with sustainable agricultural practices. Additionally, stricter regulations on the use of chemical pesticides and increased government support for integrated pest management (IPM) practices are driving the adoption of agricultural pheromones. Policies promoting organic farming and sustainable agriculture also boost the market. However, the limited awareness about agricultural pheromones and availability of substitute are expected to hinder the US Agricultural Pheromones Market growth during the forecast period 2024-2032.