Agricultural Insect Pheromones Market Business Strategy, Size, Share, Opportunity Assessment Forecast To 2024
Agricultural Insect Pheromones Market Overview
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 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.
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Some of the key players in the Global Agricultural Insect Pheromones Market are BIOCONT LABORATORY (Czech Republic), Suterra (US), Troy Biosciences (US), Russell IPM (UK), Exosect (UK), Pacific Biocontrol Corporation (US), Laboratorio Agrochem, SL (Spain), ISCA Technologies (US), Bedoukian Research (US), Biobest (Belgium), ISAGRO (Italy), Pherobank (Netherlands)
Global Agricultural Insect Pheromones Market- Segmentation
The Global Agricultural Insect Pheromones Market has been segmented on the basis of type, crop type, mode of application, application, and region.
Based on Type, the global agricultural insect pheromones market has been segmented into sex pheromones, aggregation pheromones, and others. The aggregation pheromones segment is expected to garner the largest market share and register the highest growth rate during the forecast period.
The global agricultural insect pheromones market has been segregated, by Crop Type, into fruits and nuts, field crops, vegetables, and others. The field crops segment is currently the largest, in terms of revenue due to the high global production of various field crops such as cereals, cotton, and grains, especially in Asia-Pacific.
Based on mode of Application, the global agricultural insect pheromones market has been segmented into dispensers, sprayers, and traps. The traps segment is projected to garner the largest revenue share of the global agricultural insect pheromones market during the forecast period due to the availability of modified and effective insect pheromone traps.
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Agricultural Insect Pheromones Market- Regional Outlook
The Global Agricultural Insect Pheromones Market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World.
North America is expected to lead the global agricultural insect pheromones market due to the rising awareness about the benefits of using pheromones to suppress insect pests. Moreover, the high production of fruits and field crops in the region is also fueling the regional market growth. However, the market in Asia-Pacific is expected to register the highest growth rate during the forecast period owing to the increasing number of government initiatives to promote integrated pest management as a sustainable farming practice.
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