Agricultural Insect Pheromones Market Outlook
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 pheromones 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 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 insect pheromones types industry 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 agricultural insect pheromones market 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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