Agricultural Pheromones Market Forecasts to 2030 - Global Analysis By Type, Crop Type, Function, Species, Application and by Geography

According to Stratistics MRC, the Global Agricultural Pheromones Market is accounted for $4.06 billion in 2023 and is expected to reach $11.47 billion by 2030 growing at a CAGR of 16.0% during the forecast period. Pest insects communicate with one another using chemical signals called agricultural pheromones. An adult insect will frequently exude these pheromones in order to attract a mate, mark territory, or ward off predators. Hence, by decreasing their likelihood of procreation, they are also employed to impede the mating behaviors of insect pests, including aphids and moths.

According to FAO, farmers worldwide consumed over 4.1 million tons of pesticides in 2018.

Market Dynamics:

Driver:

An increase in the use of integrated pest management practices

IPM strategies emphasize long-term pest avoidance along with cultural and biological treatments, habitat modification, the use of resistant cultivars, and other methods. Additionally, agriculture pheromones and IPM work together to provide protection from pests while posing the fewest dangers. This guarantees both cost-cutting and profit maximization. Therefore, the best strategy is to mass trap the pests and destroy them selectively while posing no threat to the environment or human health.

Restraint:

High cost of production and operation

A significant barrier to the market's expansion is the high maintenance costs of many insect pheromones in comparison to those of traditional insecticides and pesticides. The product's high price makes it an unprofitable alternative for widespread crop protection. Even the least expensive pheromone has a high cost per gram and is highly expensive. Moreover, the cost of its creation and additional labor costs for its use raise overall expenses, which hamper market expansion.

Opportunity:

Sustainable management and environmental laws around the world

International environmental laws like the Stockholm Convention on Persistent Organic Pollutants (POPs) and the Vienna Convention for the Protection of the Ozone Layer have benefited the market for agricultural pheromones. Hazardous pesticides have been reduced as a result of Vienna Convention efforts to protect the ozone layer, including the replacement of methyl bromide with less dangerous substitutes. Moreover, this corresponds with the eco-friendly pest management strategy of using agricultural pheromones. Therefore, the need for pheromones as a targeted and sustainable pest management strategy is expanding as the agricultural sector looks for alternatives to toxic pesticides.

Threat:

Lack of knowledge and low demand for biologicals

Farmers have very little knowledge about biologicals, such as pheromone and benefits of pheromone & their cost-effectiveness are not known to farmers. IPM solutions are not widely known in poor nations. Additionally, straight forward method of applying chemical pesticides is familiar to farmers. As a result, they find the pheromone application processes challenging and laborious. Moreover, agricultural pheromones are one of the new technologies that some farmers may be hesitant to use because they are resistant to change, these could be obstacles to the market expansion.

COVID-19 Impact

The global COVID-19 epidemic has had a detrimental effect on the food and agriculture industries as well as the global economy. Despite the fact that COVID-19 has only had a mild effect on a variety of agricultural commodities, the government-announced lockdown and related travel restrictions, supply chain disruptions, and marketing pauses have all had a negative effect on market performance. Moreover, pesticide availability and cost, may have an impact on agricultural productivity and production. Hence, due to the temporary closure of the industrial plants and the limits placed on people's movement or self-isolation, industry players are also facing a labor shortage.

The fruits & nuts segment is expected to be the largest during the forecast period

The fruits & nuts segment is estimated to have a lucrative growth. The Oriental fruit borer, codling moths, fruit flies, Indian meal moths, and leaf rollers are a few of the main pests that attack crops. Crops like apples, peaches, pears, grapes, citrus, mango, and coconut are examples of fruits and nuts. The pheromone nanogels are being studied for their potential to effectively manage fruit pests and are currently being tested on guavas. Although this method is still in testing, if it passes clinical trials, it would be a simple and inexpensive operation that might significantly reduce fruit fly infestations on guavas. Moreover, dispensers are frequently used to disperse pheromones for mating disruption in fruit crops. It is anticipated that such factors will continue to fuel market expansion since the category of fruits and nuts is the largest crop type.

The sex pheromones segment is expected to have the highest CAGR during the forecast period

During the projected period, it is anticipated that the sex pheromones segment will develop at the fastest CAGR, because it serves as a signal to attract possible mates over great distances. Typically, female insects release it in an effort to attract male moths for mating. The availability of host plants, the time of day, and the weather all have an impact on the emission of sex pheromones. Therefore, these sex pheromones are directed at a particular species. Synthetic sex pheromones can confuse male insects by increasing the concentration of pheromone signals in the surroundings. Furthermore, this interference inhibits the males' ability to recognize and locate the natural pheromone released by females, which results in reduced or unsuccessful mating efforts.

Region with largest share:

Due to the expanding range of industrial uses for pheromones, including those in the food and pharmaceutical sectors, forestry, and other industries besides agriculture, North America is projected to hold the largest market share during the forecast period. Furthermore, cotton, tomatoes, grapes, corn, pomegranates, and stone fruits are a few of the agricultural crops that are farmed in the area on a large scale. These are some of the crops that are vulnerable to assaults by different insect species, including berry moths, leaf miners, pink bollworms, and the miner of leaves. Moreover, there is a current need for efficient pheromone controls because of the growing pest resistance that makes conventional insecticides less effective and the push from governments and consumers to provide food that is safer and more environmentally friendly.

Region with highest CAGR:

Over the forecast period, Asia Pacific is anticipated to have the lucrative CAGR. Agricultural pheromones are commonly used by farmers to promote crop production and profits. Moreover, due to the expanding use of novel, reasonably priced active ingredients in products to improve their efficacy while reducing their overall manufacturing costs. A better understanding of product application and its benefits for boosting production and lowering agricultural damage from pests and insects is driving the pace of sales of agricultural semi-chemical goods in the area.

Key players in the market:

Some of the key players in the Agricultural Pheromones Market include: RUSSELL IPM, Shin-Etsu Chemical Company, Biobest Group, SEDQ Healthy Crops SL, ISCA GLOBAL, Suterra LLC, Provivi, Inc., Koppert Biological Systems, Pacific Biocontrol Corporation and Isagro S.p.A.

Key Developments:

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 also enhance the company's manufacturing capabilities in North America.

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.

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 of 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. With this Suterra LLC is expanding the product portfolio of monitoring products which are used for mating disruption especially in orchards.

Types Covered:

• Aggregation Pheromones
• Sex Pheromones
• Alarm Pheromones
• Host-marking Pheromones
• Trail Pheromones
• Other Types

Crop Types Covered:

• Tea Plants
• Vegetable
• Flower
• Fruits & Nuts
• Other Crop Types

Functions Covered:

• Detection & Monitoring
• Mating Disruption
• Mass Trapping
• Other Functions

Species Covered:

• Butterflies
• Armyworm
• Moths
• Beetles & Bugs
• Other Species

Applications Covered:

• Spray
• Dispensers
• Traps
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

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• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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