Agricultural Insect Pheromones Market Trends Size Valued at USD 7.3 Billion By 2028
Agricultural Insect Pheromones Market
The Global Agricultural Pheromones Market Size Valued at USD 7.3 Billion
By 2027, Recording A CAGR Of 16.8% During the Forecast Period.
The
global agricultural insect pheromones market is highly lucrative. Manufacturers
of insect pheromones can leverage growth opportunities in the market due to
advancements in agricultural technology. The use of remote sensing technology
enables the effective monitoring of insects. Bioorganic synthesis of insect
pheromones by market players is also driving the market growth. Additionally,
the development of pheromones as aerosol formulations is boosting sales as
aerosol formulations offer high efficiency and are convenient to use. However,
the major challenge being faced by the manufacturers of agricultural insect
pheromones is the development of multi-target pest pheromone dispensers. Insect
pheromones are usually species-specific and thus can be used to target a
specific species of insect only. Therefore, market players are focusing on
developing enhanced insect pheromone dispensers that can target multiple insect
species simultaneously.
Competitive Landscape:
The global market for
the agriculture insect pheromone types industry outlook is getting
backed by strategic developments of various companies like ISAGRO (Italy),
Biobest (Belgium), Suterra (US), BIOCONT LABORATORY (Czech Republic), ISCA
Technologies (US), Russell IPM (UK), Pherobank (Netherlands), Pacific
Biocontrol Corporation (US), Bedoukian Research (US), Exosect (UK), Troy
Biosciences (US), and Laboratorio Agrochem, SL (Spain). These segments are
known for their exclusive contributions through various strategic mediums to
increase the growth possibilities of the agriculture insect pheromones market.
Regional Analysis:
The global market
report on agriculture insect pheromones market holds various insights related to growth pockets, which upon
exploration, would reveal strong market growth possibilities. North America
would take charge of the global market as the region is spending substantially
to develop technologies and creating scope for its easy integration. A hike in
expenditure related to research and development would ensure strong growth
possibilities. The US and Canada are two major countries with substantial
growth possibilities.
Europe is also on the
course of recording substantial growth during the forecast period. This would
be possible as several countries are putting an emphasis on their supply of
food to meet the regular requirement. In the Asia Pacific region, quite a few
countries are agrarian in nature and these countries would generate substantial
revenues by incorporating such technologies. Various fruit and field crop
growers would dominate the regional intake of the agriculture insect
pheromones. The regional agricultural insect pheromones industry value would
be the fastest-growing as well.
Market Segmentation:
The global report on
the Agricultural Fumigants market trends has been studied by keeping in
focus segments like crop type, application, mode of application, and type.
These segments have substantial pointers that would help in a proper assessment
of the market growth.
By type, the report on the global agricultural insect pheromones market can be
segmented into aggregation pheromones, sex pheromones, and others. The
aggregation pheromones segment would dominate the growth pattern substantially.
By crop type, the report on the global agricultural insect pheromones market can be
segmented into field crops, vegetables, fruits & nuts, and others. Various
field crops segment would see substantial growth in the market.
By mode of application, the report on the global key agricultural insect pheromones market players industry integrates sprayers, dispensers, and traps.
By application, the global report on the agricultural insect pheromones market can be
segmented into monitoring, trapping, and mating disruption.
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