AGRICULTURAL PHEROMONE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (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. Agricultural pheromones are chemicals produced and released by plants and insects to communicate within their own species. These signals trigger specific behaviors essential for reproduction and survival of the species. Pheromones are widely used in integrated pest management programs as attractants or arrestants to control pest populations in agricultural fields and orchards. The global agricultural pheromone market is projected to grow substantially in the coming years owing to rising adoption of organic and environment-friendly crop protection methods. Pheromone traps and lures help monitor insect prevalence without using broad-spectrum pesticides, thereby supporting sustainable agriculture.
Market Dynamics:
Increasing consumer preference for residue-free food items is a major driver for the agricultural pheromone market. Farmers are increasingly switching to biopesticides and pheromones to control pests instead of synthetic chemicals due to stringent regulations regarding pesticide residues. However, high production costs and short shelf life of pheromone-based products continue to restrain wider market adoption. Ongoing advancements in pheromone formulations aimed at enhancing stability and extending product life offer lucrative opportunities for market players. Development of novel lure and trap designs also presents growth opportunities. Furthermore, growing agricultural operations worldwide will augment the demand for integrated pest management solutions including pheromones over the forecast period.
Key Features of the Study:
- This report provides in-depth analysis of the global agricultural pheromone market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global agricultural pheromone market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 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, and SemiosBio Technologies Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global agricultural pheromone market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global agricultural pheromone market
Market Segmentation
Market Segmentation
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