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A12629 | Pages: 300 | Charts: 61 | Tables: 226 |
Agricultural Pheromone Market Research, 2033
The global agricultural pheromone market was valued at $3.8 billion in 2023, and is projected to reach $17.9 Billion by 2033, growing at a CAGR of 16.7% from 2024 to 2033.
Market Introduction and Definition
Agricultural pheromones are chemical substances produced by insects and other animals that influence the behavior of members of the same species. In agriculture, these pheromones are utilized to manage pest populations through techniques such as mating disruption, mass trapping, and monitoring. This environment-friendly approach aims to reduce the reliance on chemical pesticides, promoting sustainable agricultural practices. Pheromones play a critical role in integrated pest management (IPM) systems, serving as a safer alternative to traditional chemical pesticides. By leveraging these natural substances, farmers can disrupt the mating patterns of pests, preventing the next generation from emerging. This method significantly lowers pest populations without harming beneficial insects, thus maintaining ecological balance.
Agricultural pheromones are extensively used in crop monitoring. They attract pests to traps, allowing farmers to monitor pest populations and their growth patterns. This early detection system helps in making informed decisions about when and where to apply control measures, optimizing the use of resources and minimizing damage to crops. In mass trapping, large numbers of pests are lured into traps using pheromones. This technique is especially effective against species that cause substantial economic damage to crop. By significantly reducing the population of the target pest, mass trapping helps in maintaining crop health and reducing the incidence of pest-related diseases.
Key Takeaways
The agricultural pheromone market industry covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of the global agricultural pheromone market overview and to assist stakeholders in making educated decisions to achieve their growth objectives.
Over 3, 700 product literature, annual reports, industry statements, and other comparable materials from major industry participants were reviewed to gain a better understanding of the agricultural pheromone market size.
The agricultural pheromone market share is highly fragmented, with several players including FMC Corporation, Ephytia, BASF SE, MITSUI & CO., LTD, Biobest Group NV, Russell IPM, ISCA, Trécé Inc, BedoukianBio, and Pherobank. Also tracked key strategies such as acquisitions, product launches, mergers, and expansion of the players operating in the agricultural pheromone market growth.
Key Market Segments
Key Market Players