High Demand for A Sustainable Agricultural Approach to Drive the Pheromones Market

Due to the implementation of integrated pest management practices for sustainable agriculture, pheromones have been gaining a preference for their ease of application, target-specificity, and less toxicity to both the environment and human health, thus limiting the use of insecticides.

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The pheromones market in agricultural applications is projected to grow at a CAGR of 16.26% from USD 1.99 Billion in 2017, to reach USD 4.23 Billion by 2022.

Market Ecosystem

The market ecosystem includes key manufacturers and service providers in this report such as ISAGRO (Italy), Biobest (Belgium), Suterra (US), Russell IPM (UK), ISCA Technologies (US), Bedoukian Research (US), Troy Biosciences (US), Laboratorios Agrochem (Spain), BIOCONT LABORATORY (Czech Republic), Pacific Biocontrol Corporation (US), Exosect (UK), and Pherobank (Netherlands).

Factors such as availability of effective trap designs, innovative technical pheromone compounds, especially aggregation pheromones to capture insects of both the sexes are projected to fuel the demand of mass trapping as it can significantly control the insect population and limit insecticide application among crop growers.

The large cultivated area under field crops such as cotton, corn, rice, and sugarcane in developing regions of Asia Pacific and South America are projected to drive the application of insect pheromones in this segment for Integrated Pest Management (IPM) practices.

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On the basis of crop type, the fruit & nuts segment accounted for the highest adoption of insect pheromones in 2016. Pheromones reduce crop damage, help obtain higher quality produce, and limit agricultural production costs which are highly profitable in the cultivation of high-value fruit & nuts.

For the application segment, mating disruption accounted for the largest market share in 2016 as crop growers prefer the efficient results of sex pheromones to disturb the reproductive cycle of harmful insects through dispensers and sprays.

On the basis of mode of application, the spray method is projected to grow at the highest CAGR in the market from 2017 to 2022 due to the significant usage of microencapsulated spray pheromones for easier application and reachability resulting in effective mating control in terms of area.

The North American region accounted for the highest adoption of pheromones in the agricultural industry in 2016 due to the growing awareness and increasing requirement for important fruit & field crops such as apples, pears, peaches, cotton, and corn. South America is projected to be the fastest-growing region for the pheromones market in agricultural applications from 2017 to 2022 as the significant growth of IPM practices in the agri sector to meet export quality standards strengthened the market potential for pheromone manufacturers to compete in.