Agricultural Pheromone Market Outlook- 2030
Agricultural pheromones are the types of chemical signals that are used to monitor, trap or disrupt insects that are harmful for agricultural fields. Technological advancements and innovation in agricultural techniques have allowed market players and farmers to use pheromones as integrated pest management method. These pheromones are synthetic copies of natural pheromones and help in aggregation or attraction of insects. They are used for various purposes such as mating disruption, luring, mass trapping, and others by various strategies. Implementation of integrated pest management practices, growth, and research on agricultural practices, cost-effective production processes for sustainable farming and impact of pheromones on reduction of insecticides are expected to be the major factor driving the agricultural pheromones market. However, high cost of active chemicals used in the production of pheromones, prolonged research and development process, and need for high investments by the farmer to setup and maintain insect pheromones traps are major factors hampering the global agricultural pheromones market. The adverse effect of conventional pesticides on the environment, human health, and organisms has resulted in the rapid adoption of the integrated pest control approaches which include pheromones which is an effective substitute for agricultural pest control.
Covid-19 Impact Analysis
- The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the agricultural pheromone in 2020.
- The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
- The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
- The lockdown has resulted in hampering the imports and exports of various goods. Also, the uncertainty created in the market in the consumers’ buying pattern has resulted in hampering of the agricultural pheromone market.
Top Impacting Factors
The global agricultural pheromones market is highly lucrative. Manufacturers of insect pheromones can leverage growth opportunities in the market due to advancements in agricultural technology in various developed countries of Europe and North America. The use of remote sensing technology enables the effective monitoring of insects. The development of pheromones as aerosol formulation is boosting sales as aerosol formulations offer high efficiency and are convenient to use. Insect pheromones are usually species specific and those can be used to target a specific species of insert only. Therefore, market players are focusing on developing enhanced pheromones dispenser that can target multiple insect species simultaneously.
Market trends
- Increasing adoption of integrated pest management practices to bolster market growth
- Integrated pest management practices focus on long term prevention of pests combined with cultural biological controls, habitat manipulation, use of resistant varieties, and others. Various farmers use pheromone trap such as tube trap and board traps for effectively trapping moths & fruit flies and prevented from damaging fruits & vegetable crops. All these practices have led to the increased demand of insect pheromones and hence, the market is expanding.
- Increasing awareness regarding detrimental effects of synthetic pesticides to drive market growth.
- The current agricultural system intensively utilizes insecticides and pesticides to ensure the elimination of the pest and are highly productive. However, these insecticides have a negative impact on environment and human health. Therefore, increasing awareness about mental effect of pesticides had led to the increased adoption of alternative crop protection techniques which includes insect pheromones and hence the demand has increased.
- Technological advancements and innovation to drive the future market.
- Technical innovation in pheromones compounds, especially aggregation pheromones to capture insects and availability of effective trap designs are estimated to fuel the growth for or mass trapping owing to the properties to control the insect population and limit insecticide application among crop growers. Also due to various initiative and policies, the government is trying to bring down the usage of traditional insecticides and pesticides which is hampering the environment and human health. Growing demand for latest electronic gadgets
Key Benefits of the Report
- This study presents the analytical depiction of the agricultural pheromone industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the agricultural pheromone market share.
- The current market is quantitatively analyzed to highlight agricultural pheromone market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed agricultural pheromone market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Agricultural Pheromone Market Report
- Who are the leading market players active in the Agricultural Pheromone market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Agricultural Pheromone Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Crop Type |
|
 By Function |
|
 By Region |
|
 Key Market Players | Isagro S.p.A., SEDQ Healthy Crops SL, Provivi, Inc., Suterra LLC, Koppert Biological Systems, ISCA Global, Russell IPM, Pacific Biocontrol Corporation, Biobest Group, Shin-Etsu Chemical Company |
 | Others |
Loading Table Of Content...
