Agricultural Insect Pheromones Market Highlights
Agricultural
Insect Pheromones Market is accounted to register a CAGR of 16.8% during
the forecast period and is estimated to reach USD 7.3 Billion by 2030.refers to
the industry and market segment associated with the production, distribution,
and application of agricultural pheromones. Pheromones are naturally occurring
chemical substances that are secreted by organisms, including insects and
plants, to communicate with each other.
The
demand for agricultural pheromones has been growing due to several factors,
including increasing concerns about the environmental and health impacts of
chemical pesticides, the rise of integrated pest management (IPM) practices,
and the growing adoption of sustainable agriculture.
Segment Analysis
The
Agricultural Insect Pheromones
Market
has been segmented based type, application and crop type.
On
the basis of type, the market is segmented into sex pheromones and aggregation
pheromones. aggregation pheromones can be utilized in pest management to lure
insects away from crops and into traps or areas where they can be more easily
controlled or killed.
Based
on application, the market has been segmented intodispensers, sprayers and
traps. Aggregation pheromone dispensers release chemicals that attract both
male and female insects to a specific location, creating a concentrated area of
pests. This helps in monitoring and managing insect populations efficiently, as
pests can be drawn away from crops and into traps or controlled environments.
Based
on crop type, the market has been segmented intoFruits and Nuts, Field Crops
and Vegetables. Field crops encompass a wide range of crops, including grains,
oilseeds, and fiber crops like cotton. In this sector, pheromones can be
utilized to control a variety of insect pests that may infest these crops
during their growing season.
Regional Analysis
The
Agricultural Insect Pheromones Market, based on region, has been divided into
the North America, Europe, Asia-Pacific, and Rest of the World. North America
consists of US and Canada. The Europe Agricultural Insect Pheromones Market
comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The
Agricultural Insect Pheromones Market in Asia-Pacific has been segmented into
China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The
Rest of the World Agricultural Insect Pheromones Market comprises of Middle
East, Africa, and Latin America.
North
America is a prominent market for agricultural pheromones. The region has a
strong focus on sustainable agriculture and integrated pest management
practices, which has driven the adoption of pheromone-based solutions.
Europe
is another significant market for agricultural pheromones. The European Union's
stringent regulations on pesticide use and the increasing emphasis on organic
farming have propelled the growth of the pheromones market in the region.
The
Asia-Pacific region, presents immense growth potential for the agricultural
pheromones market. Rapidly expanding agriculture sectors, increasing awareness
about sustainable farming practices, and the need for pest control in
high-value crops are driving the demand in this region.
Furthermore,
the rest of the world's Agricultural Insect Pheromones Market is divided into
the Middle East, Africa, and Latin America. Latin America is a significant
market for agricultural pheromones. The region's diverse agriculture industry,
which includes large-scale commodity crops as well as specialty crops, creates
opportunities for pheromone-based pest management solutions.
Key Findings of the Study
The
Agricultural Insect Pheromones Market is expected to reach USD 7.3 Billion by
2030, at a CAGR of 16.8% during the forecast period.
North
America is a prominent market for agricultural pheromones. The region has a
strong focus on sustainable agriculture and integrated pest management
practices, which has driven the adoption of pheromone-based solutions.
Based
on type, the market is segmented into sex pheromones and aggregation pheromones
holding the largest market in 2022.
Biobest,
ISAGRO, BIOCONT LABORATORY, Suterra, Russell IPM, ISCA Technologies, Bedoukian
Research, Pherobank, Troy Biosciences, Exosect, Pacific Biocontrol Corporation
and LaboratorioAgrochem SL.
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