PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1501661
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1501661
Europe Agricultural Pheromones Market is valued at approximately USD 960 million in 2023 and is anticipated to grow with a healthy growth rate of more than 19.32% over the forecast period 2024-2032. Agricultural pheromones are chemical signals used to disrupt pest behavior, monitor pest activity, and trap insects that damage crops. They play an important role in impacting pest behavior and crop yield. Farmers typically utilize a variety of agricultural pheromones, including sex pheromones and aggregation pheromones. These pheromones are essential for the implementation of integrated pest management methods, which are encouraged by governments around the world. Their lower toxicity compared to synthetic pesticides, as well as their simplicity of application, is projected to propels the demand in nations where governments want to minimize the use of dangerous chemical pesticides. Also, the rise in organic farming practices is create the demand for non-chemical pest control options, which is a key trend for the growth of the Europe Agricultural Pheromones Market. Pheromones are considered a natural and eco-friendly alternative, aligning with the organic sector's requirements.
Moreover, European farmers and policymakers are increasingly focusing on sustainable agriculture practices to reduce the environmental impact of farming. Pheromones offer an eco-friendly alternative to chemical pesticides, aligning with the European Union's stringent regulations on pesticide usage and environmental protection. Also, advances in pheromone technology and delivery systems have made these products more effective and accessible. Innovations such as pheromone dispensers, mating disruption techniques, and attract-and-kill methods have enhanced the efficiency and appeal of pheromones for pest control. Furthermore, the growing consumer demand for organic products is driving farmers to adopt organic farming practices, where the use of pheromones is favored due to their non-toxic and residue-free nature. Europe has one of the largest areas of organic farmland, supporting the increased use of pheromones. However, the high cost of pheromone products and availability of substitute are expected to hinder the Europe Agricultural Pheromones Market growth during the forecast period 2024-2032.
The key countries considered for the Europe Agricultural Pheromones Market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the largest market in terms of revenue. German and European Union regulations encourage the reduction of chemical pesticide use, driving the adoption of biopesticides, including pheromones. Government incentives and subsidies for sustainable farming practices also support market growth. Also, there is increasing awareness among German farmers about the benefits of using pheromones for pest control. Educational programs and demonstrations by agricultural extension services and companies are contributing to greater adoption rates. Whereas, the United Kingdom is expected to grow with the highest CAGR during the forecast period 2024-2032.
Europe Agricultural Pheromones market, company market share analysis (2023)