Global Agricultural Pheromones Market Size, Share & Trends Analysis Report, Forecast Period, 2024-2030

The Agricultural Pheromones market is experiencing robust expansion, with market size projected to increase from XX billion in 2023 to xx billion by 2030, demonstrating a consistent year-over-year growth rate of 17.38%. Agricultural Pheromones Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Sex Pheromones, Aggregation), by applications (Dispensers, Traps, Spray Method) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2023 - 2030

The Global Agricultural Pheromones Market refers to the activities related to the research, formulation, manufacture, and use of chemical compounds, which are responsible for the communication among the insects. These include applications in agriculture to confuse the insects during mating, to check the count of certain kinds of insects, and to place them into traps. Studies suggest that the market for agricultural products is able to underpin the growing demand for sustainable and eco-friendly management practices. Due to the changing attitude of the consumers and the regulatory agencies about the dangers posed by normal pesticides, the use of pheromones in pest control techniques is emerging as a favourable alternative.

Agricultural Pheromones Report Highlights

Report Metrics	Details
Forecast period	2019-2030
Base Year Of Estimation	2023
Growth Rate	CAGR of 17.38%
By Product Type	Sex Pheromones, Aggregation
Key Market Players	Biobest Group (Belgium) Isagro S.p.A. (Italy) ISCA Global (U.S.) Koppert Biological Systems (Netherlands) Pacific Biocontrol Corporation (U.S.) Provivi, Inc. (U.S.)          Russell IPM (U.K.) SEDQ Healthy Crops SL (Spain) Shin-Etsu Chemical Company (Japan) Suterra LLC (U.S.)
By Region	North America(United States.Canada.Mexico) South America(Brazil.Argentina.Chile.Rest of South America) Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe) Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific) MEA(Middle East.Africa)

Agricultural Pheromones Market Trends

A prevailing trend in the agricultural pheromones market is the shift towards sustainable farming practices due to the growing requirement for organic and environment-friendly pest controls. Since consumers are becoming conscious of the environmental implications resulting from conventional pesticides, people are resorting to pest control using pheromones, as this does not affect other insects that are useful. This trend is encouraging the research on the new pheromone products with improved delivery systems that are more effective and environmentally safe. Thus, the development of agro-biologicals and natural pest control measures is also supporting the expansion of the market. Farmers nowadays are also supporting the use of agricultural pheromones by using advanced equipment, which includes precision farming and digital agriculture. The agricultural industry is rapidly adopting smart farming, data analytics, remote sensing, and IoT-connected devices to track pest dynamics and apply pheromones effectively. This integration facilitates better targeted pheromone applications, resulting in better efficiencies and lower costs.

Agricultural Pheromones Market Leading Players

The key players profiled in the report are Biobest Group (Belgium), Isagro S.p.A. (Italy), ISCA Global (U.S.), Koppert Biological Systems (Netherlands), Pacific Biocontrol Corporation (U.S.), Provivi, Inc. (U.S.)         , Russell IPM (U.K.), SEDQ Healthy Crops SL (Spain), Shin-Etsu Chemical Company (Japan), Suterra LLC (U.S.)

Growth Accelerators

The market for agricultural pesticides is experiencing growth due to the rising adoption of pest control measures that are sustainable and eco-friendly. Given the growing concerns over the impact of synthetic pesticides on consumers and the environment alike, there is a desire among farmers to incorporate integrated pest management approaches without using chemicals to control pests. Pheromones, which are environmental-friendly chemical messengers used for disrupting the mating and behaviour of pests, are sparing the use of chemical insecticides. Another important factor to consider is the increased population globally and the consequent need for improved agricultural output. Due to the rising demand for food, it is expected that all farm activities, including growing crops, will be done in excess, and most crops raised will be for sale for the market and also for the preservation of the raised crops against pests. Insect pest control solutions do not endanger such insect species by focusing on the pest organisms and using agricultural pheromones. In addition, the development of new technologies in pheromone formulation and delivery is scaling up the effects of these products, which also encourages their use by farmers.

Agricultural Pheromones Market Segmentation analysis

The Global Agricultural Pheromones is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed Sex Pheromones, Aggregation . The Application segment categorizes the market based on its usage such as Dispensers, Traps, Spray Method. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

Such growth can be attributed to increasing awareness among the public and political bodies regarding the safety of food, thus making growers look for ecological solutions instead of using chemical pesticides. Farmers are also attracted to using pheromones in pest control because they are effective and commercially reasonable as compared to chemical pesticides. For instance, BASF SE, Shin-Etsu Chemical Co., Ltd., and Biobest Group NV, and many others are engaged in increasing their share by investing in innovation and entering into various alliances. Some of the companies in the market have been operational for many years, while others are on the rise, and the competition among them revolves around the innovation of new products and expansion into new regions. North America currently accounts for the largest share of the pest control market due to the existence of better farming techniques and the government’s support towards the use of alternative methods of pest control.

Challenges In Agricultural Pheromones Market

The agricultural pheromones market is confronted with a myriad of constraints, most of which are connected to the awareness and education of farmers and other stakeholders. It is possible that a great number of farmers do not know the advantages nor even the use of pheromone-based solutions as compared to the use of other pesticide chemicals. This ignorance can cause difficulties in embracing technological advancement, especially in those areas with age-old practices and dependency on traditional ways. It is also important to note the regulatory and regional differences in market acceptance as another major bottleneck. This is particularly so in certain regions where a complex and painstaking protocol or procedure may be involved before one can gain the approval of new agricultural products like pheromones. These challenges must be resolved through an education campaign, employing a good marketing mix, and working with the relevant sectoral bodies to highlight the merits of ecological pest management through pheromones.

Risks & Prospects in Agricultural Pheromones Market

The farming pheromones market is observing healthy growth on account of the shifting trends towards sustainable agriculture practices and pest control measures, especially integrated pest management (IPM). While chemical pesticides are being relied upon less by farmers and agricultural producers, pheromones provide a non-toxic method of pest deterrence wherein the reproduction of harmful insects is interrupted. The increasing preference for organic and sustainable farming practices, both due to regulations and the consumers’ aversion to residues in fresh produce, is an even better reason for the agricultural pheromones market growth. There is a great opportunity for firms that manage to manufacture advanced and reliable pheromone products because this is a market for targeted and green pest management solutions. Moreover, these are also underpinned by the use of technology and research in the discovery of novel and more precisely targeted pheromone-based products. With the advancement in the mode of synthesis of the pheromones, various barriers to neutering have also evolved that include time-release formulations, time-release traps, etc., which improve the wide application of these products in agriculture. This will also contribute to market expansion by informing the farmers of the advantages of using pheromones and their possible roles in fighting against pests with the assistance of manufacturers and research institutions involved in agriculture.

Key Target Audience

The primary stakeholders in the agricultural pheromones market are farmers and agriculturalists who are progressively turning to eco-friendly pest management. Such individuals seek safer options to manage pests besides spraying chemical pesticides, which may damage crops. Farmers can use pheromones to lure and capture targeted pests without the use of generalised insecticides. This part of the audience, however, is mainly interested in increasing yields of crops without violating organic farming principles; hence, the use of pheromones is welcome, especially for thermophilic farming as well as conventional farming.,, Another large segment of the target audience is formed by the support industries, such as agricultural extension services, agronomists, and pest control advisors, as far as the recommendations farmers are provided with. Those professionals are important in raising awareness among farmers concerning the usefulness of pheromones in the Integrated Pest Management (IPM) strategies. And with the rising concern about practicing sustainable agriculture, this audience also helps in campaigning for the use of such diagnostic tools.

Merger and acquisition

The agricultural pheromones market is experiencing a wave of recent activities marked by high levels of mergers and acquisitions that aim at improving the product range and market presence. For instance, FMC Corporation has revealed that it is to acquire BioPhero, a Danish company dealing in scents for biological pest controls, for close to $200 million. The transaction, which has already been finalised in late 2022, enables FMC to exploit BioPhero’s advanced fermentation processes into its plant’s health segment, with around $1 billion worth of revenues anticipated from sales of pheromones by the year 2030. This move speaks volumes concerning FMC’s aggressiveness in wanting to build up its range of environmentally friendly agricultural products and also hints at the age of mergers and acquisition activities in the goal of enhancing biological pest management approaches among the agrotech companies. In another development, Biobest Group N.V. completed the acquisition of Biotrop Participations S.A., a significant player in the biologicals industry in Brazil, in December 2023. This acquisition forms part of the aforementioned establishment’s biological pest control enhancement strategy, with the objective of being ranked in the top 10 agritech companies by 2034. Besides, some agreements, as in January 2023, between Bayer and M2i Group, were also noted to be focused on selling agriculture-culture-based products. These changes denote that there is a shift towards more sustainable practices, with increasing acceptance of the use of pheromones instead of chemicals, encouraging positive growth in the field.