AGRICULTURAL PHEROMONE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Agricultural Pheromone Market Size and Forecast – 2024-2031

The global agricultural pheromone market is estimated to be valued at USD 4.34 Bn in 2024. The market is expected to reach USD 9.94 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

Key Takeaways of the Agricultural Pheromone Market:

• The sex pheromones segment is expected to account for 45.1% of the market share in 2024
• The field crops segment is projected to hold 45.8% of the market share in 2024, driven by the widespread use of pheromones for pest management in large open-field farming
• The crop protection segment is expected to account for 52.1% of the market share in 2024
• North America is projected to lead the global market with a 29.4% share in 2024, followed by the Asia Pacific region, which is expected to hold 21.8% share

Market Overview:

With increasing population and decreasing agricultural land, the use of pheromones in integrated pest management and other agricultural practices is expected to grow substantially over the coming years. This market is expected to witness significant growth due to rising demand for pest monitoring and control solutions. Farmers around the world are shifting towards sustainable and environment-friendly crop protection methods like pheromone traps instead of chemical pesticides. Synthetic agricultural pheromones that mimic natural insect pheromones are gaining popularity as they allow targeted and species-specific management of pests and causes minimal environmental impact.

Segmental Insights

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Type Insights - Sex Pheromones Segment is Driving Precision Pollination for Enhanced Crop Yields

In terms of type, the sex pheromones segment is expected to contribute 45.1% share of the market in 2024, owing to its crucial role in attracting cross-pollinating insects and other animals to agricultural crops. As the name suggests, sex pheromones simulate the sex attractants released by female insects, deceiving male insects into believing a potential mate is present. This brings male insects of the desired species in close proximity of the crops, facilitating efficient pollination. Such pheromones are very effective in increasing crop yield as they selectively attract only the desired pollinator species. Their precision targeting helps minimize interference from unwanted insects that may damage crops.

Crop Type Insights - Field Crops Segment is Dominating the Market with Effective Pheromone-Based Pest Management and Pollination

In terms of crop type, the field crops segment is expected to account for 45.8% share owing to extensive usage of pheromones for pest management in vast open fields in this market in 2024. Management of pests is critical for field crops to realize optimal yields from large acreages. Agricultural pheromones help monitor pest population levels and intervene only when they cross economic thresholds. This makes pest control measures more targeted and reduces yield losses. Some key field crops such as corn, wheat and rice are heavily dependent on effective pollination as well. Pheromone usage ensures consistent and widespread pollination needed to maximize per acre grain/fruit production in fields.

Application Insights - Crop Protection Offers Eco-Friendly Solutions with Pheromone-Based Pest Control

In terms of application, the crop protection segment is expected to contribute 52.1% share of the market in 2024. Their usage obviates the need for frequent chemical pesticide spraying which otherwise poses risks to farm workers and residual dangers to harvests. As natural components of the target pests, pheromones do not harm beneficial insects, humans, or the environment. Employing pheromone dispensers enables the protection of ripening crops from worm infestation right up to the harvesting stage in an eco-friendly manner. This ensures safe, quality produce reaches the consumers without any pesticide residues of concern.

Regional Insights

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North America Agricultural Pheromone Market Trends

North America is anticipated to dominate the market in 2024, holding 29.4% of the market share. This leadership is fueled by strong government initiatives supporting research and development to enhance sustainable farming practices and pest management solutions. Major players in the region such as Suterra LLC are actively investing in advanced technologies and innovative product development to cater to the growing demand for eco-friendly and efficient agricultural inputs.

Asia Pacific Agricultural Pheromone Market Trends

The Asia Pacific region, anticipated to secure a 21.8% market share in 2024, is the fastest-growing market driven by a combination of factors. These include a rapidly expanding population, rising demand for food security, and increased cultivation of high-value crops such as fruits, vegetables, and specialty grains. Many countries in the region, including India, China, and Indonesia, are implementing policies to promote sustainable agricultural practices, such as organic farming and precision agriculture, to boost productivity while preserving natural resources.

Agricultural Pheromone Market Outlook for Key Countries

U.S. Agricultural Pheromone Market Trends

The U.S. agricultural pheromone market is driven by the increasing adoption of integrated pest management (IPM) practices. In 2023, the market was bolstered by a collaboration between Bayer and M2i Group to provide pheromone-based solutions targeting lepidopteran pests in various crops, enhancing sustainable agriculture efforts. This partnership reflects a growing trend towards eco-friendly pest control methods.

China Agricultural Pheromone Market Trends

The agricultural pheromone market in China is growing rapidly, driven by increasing pest challenges and a move towards sustainable farming practices. To reduce dependence on chemical pesticides, the government is actively encouraging the adoption of biopesticides, including pheromones. Initiatives led by the Ministry of Agriculture and Rural Affairs (MARA) focus on promoting environmentally friendly alternatives to traditional chemical pest control methods, supporting the country’s broader goals for sustainable agriculture.

India Agricultural Pheromone Market Trends

India is experiencing notable expansion in the agricultural pheromone market, fueled by growing awareness among farmers about sustainable farming practices. Government-backed agricultural schemes and initiatives promoting the use of pheromones for pest management have significantly increased their adoption. These efforts align with the nation’s goal to minimize chemical pesticide use and encourage eco-friendly alternatives. Pheromone Chemicals India Pvt. Ltd., A leading domestic producer of pheromone-based solutions tailored for India’s diverse agricultural needs. The company offers an extensive range of pheromone traps and lures, specifically targeting pests such as pink bollworm in cotton and fruit flies in horticultural crops.

Brazil Agricultural Pheromone Market Trends

The agricultural pheromone market in Brazil is expanding as farmers increasingly adopt alternatives to chemical pesticides in response to stringent environmental regulations. Government initiatives promoting sustainable agricultural practices have further bolstered this growth. Additionally, recent investments in research and development for innovative pheromone products are expected to accelerate market expansion. Bio Controle, A leading Brazilian company specializing in biological pest control solutions, including pheromone-based products. Bio Controle develops and markets a wide range of pheromone traps and mating disruption products targeting key pests like the boll weevil in cotton and the coffee borer in coffee plantations.

Germany Agricultural Pheromone Market Trends

Germany plays a pivotal role in the European agricultural pheromone market, with growth driven by stringent environmental regulations and a robust emphasis on organic farming practices. The increasing adoption of pheromone-based pest control methods among farmers is further supported by government incentives aimed at promoting sustainable agriculture. These factors align with Germany’s commitment to reducing chemical pesticide use and fostering eco-friendly farming solutions.

Market Players, Key Devlopment, and Competitive Intelligence

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Key Developments:

• In September 2023, Russell IPM LTD, a prominent provider of innovative pest management solutions, launched DISMATE YSB, a cost-effective and user-friendly mating disruption product targeting the rice stem borer. This solution demonstrated exceptional performance during trials, achieving nearly 90% effectiveness in reducing pest populations.
• In May 2023, Biobest Group NV, a global leader in biological crop protection and pollination solutions, announced its intent to acquire BioWorks Inc., a U.S.-based manufacturer specializing in environmentally friendly pest control products, through a letter of intent. This acquisition aims to strengthen Biobest’s presence in the North American market.
• In January 2023, Bayer AG, a world-renowned leader in agricultural science and innovation, entered into a partnership with M2i Group, a French pioneer in pheromone-based technologies. Together, they aim to provide farmers with advanced biological crop protection solutions targeting Lepidoptera pests in crops such as stone fruits, pome fruits, tomatoes, and grapes.
• In May 2022, BASF SE, a leading chemical and agricultural solutions company, acquired Horta S.r.l., an Italian company specializing in digital farming technologies. Horta’s advanced Decision Support Systems (DSS) for crops like grapes, tomatoes, cereals, and olives align with BASF’s vision for sustainable and precision agriculture.

Top Strategies Followed by Global Agricultural Pheromone Market Players

• Established Players: Leading companies focus extensively on research and development to deliver high-performance innovative products. They invest over 10% of their annual revenues in R&D. Companies also form strategic partnerships with other major players and OEMs to gain technical expertise, expand production capabilities, and strengthen market presence globally.
  • For instance, Shin-Etsu formed an alliance with ISCA Technologies to commercialize pheromone formulations. Shin-Etsu partnered with ISCA Technologies to commercialize innovative pheromone formulations, enhancing their global reach in sustainable pest management solutions.
• Mid-Level Players: Mid-sized companies in the market adopt strategies focused on delivering quality yet affordable products, targeting price-sensitive consumers globally. They introduce economical generic versions of patented formulations through in-licensing deals or independent research. This helps them compete with large multinational corporations and expand their customer base. Some players also collaborate with local farmers producer organizations and distributors to improve access to remote and underserved regions.
• Small-Scale Players: Small manufacturers and startups are specialized in discrete market segments or products. They focus on delivering innovations through proprietary technologies targeting specialized applications. Some niche players have expertise in developing bio-rational solutions, attractants for specialized crops, or formulations compatible with organic farming practices. This allows them to leverage unmet demands and collaborate with larger players.

Emerging Startups - Global Agricultural Pheromone Industry Ecosystem

• Innovative Technologies: Several agritech startups are bringing advanced technological solutions. Companies like AgriSense and Semios are applying precision agriculture techniques like digital scent detection and interactive smart traps. They use IoT sensors, data analytics and automation to monitor pest behavior and support proactive management. Such innovations have the potential to transform the industry by enhancing productivity, sustainability and reducing costs over the long run.
• Sustainable Solutions: Emerging companies are also pioneering the development of eco-friendly options. Startups such as Koppert and BioControle focus on formulating biodegradable, recycled, or plant-based active ingredients. They create biopesticide formulations derived from natural sources as alternatives to synthetic chemicals.

Market Report Scope

Market Dynamics

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Agricultural Pheromone Market Growth Factors

Increasing demand for sustainable agriculture and eco-friendly pest control solutions

As consumers become increasingly aware of the hazardous impacts of conventional pesticides on the environment and human health, the demand for sustainable and eco-friendly agriculture is growing rapidly. Farmers around the world are under tremendous pressure to reduce pesticide usage and switch to natural and organic methods of pest management. At the same time, lingering issues like insect resistance, stringent regulations and crop losses continue to pressure them into finding effective alternatives. Agricultural pheromones are emerging as a promising solution owing to their high selectivity and low human and environmental toxicity.

Agricultural Pheromone Market Challenge - High costs associated with pheromone products compared to conventional pesticides

One of the key challenges faced by the market is the relatively high costs associated with pheromone products when compared to conventional chemical pesticides. Pheromone products tend to be more expensive to research, develop, and produce at scale. This is because pheromones need to be carefully identified for each target pest species and then synthetically produced to mimic natural pheromones. The formulations also need to slowly release the pheromones over an extended period to be effective. In comparison, many generic chemical pesticides have lower research and production costs since they have been used commercially for decades.

Agricultural Pheromone Market Opportunity - Innovations in pheromone formulation and delivery systems

One of the major opportunities for the market is innovations in pheromone formulation and delivery technologies. Advancements are being made to develop more efficient and cost-effective methods of pheromone synthesis, encapsulation, and controlled release mechanisms. This includes novel nano- and micro-encapsulation methods that can better protect pheromones and regulate their emission rates over long periods. There is also scope for innovative dispenser designs tailored for different crop landscapes. If such innovations can manufacture pheromone products at lower unit costs, it could drive greater penetration into mainstream farming. Adoption may also benefit from integrated delivery systems that precisely monitor and deploy pheromones as needed via IoT and precision agriculture approaches.

Analyst Opinion (Expert Opinion)

• The increasing demand for high-value crops and adoption of integrated pest management practices are the major drivers boosting the demand for agricultural pheromones.
• Pheromones offer an eco-friendly and targeted solution to control pest infestation as compared to chemical pesticides. Another factor contributing to the market growth is the minimal residue levels and worker safety associated with pheromone use. However, stringent regulations surrounding the use of agricultural pheromones may hamper market growth. Nonetheless, advancements in pheromone production technology along with the development of newer application methods will create lucrative opportunities for market players.
• North America dominates the market currently due to large scale farms and growing demand for biorational pest control methods. Asia Pacific is expected to be the fastest growing market led by countries like India and China on account of rising agricultural production and government support for sustainable farming. Europe will also witness significant growth due to focus on integrated pest management programs.

Market Segmentation

•  Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Sex Pheromones
  • Aggregation Pheromones
  • Alarm Pheromones
  • Others
•  Crop Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Field Crops
  • Fruits & Nuts
  • Vegetable Crops
  • Others
•  Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Crop Protection
  • Crop Monitoring
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • BASF SE
  • Syngenta AG
  • Bayer AG
  • Certis USA LLC
  • Isagro S.p.A.
  • Suterra LLC
  • Ginkgo BioWorks, Inc.
  • FuturaGene
  • AgBiTech Pty Ltd
  • Atmark Solutions
  • Pheromone Sciences
  • Trécé Inc.
  • Pacific Biocontrol Corporation
  • BioPhero A/S
  • SemiosBio Technologies Inc.