The global agricultural pheromones market covered a value of US$ 1.92 Bn in the year 2017 and is expected to reach US$ 6.21 Bn by 2025. This information was published in a report, titled “Agricultural Pheromones Market Size, Share and Global Trend By Product Type (Sex Pheromones, Aggregation Pheromones), Function (Mating Disruption, Detection and Monitoring, Mass Trapping), Mode Of Application (Traps, Sprayers, Dispensers), By Crop (Field Crops, Orchard Crops, Vegetables) and Geography Forecast Till 2025.”
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Aggregation Pheromones to Emerge as the Dominant Product Type
Aggregation pheromones accounts for a major share in the global agricultural pheromones market. These type of pheromones attract both female and male insects, controlling the insect pests on a large scale. This is one of the primary factors fueling demand for aggregation pheromones. Among crop types, orchard crops are expected to lead and cover a higher value in the global agricultural pheromones market. These crops offer beneficial results in controlling insect pests by using pheromones.
North America to Lead the Global Market Owing to Rising Adoption of Agricultural Pheromones
North America is projected to emerge dominant and exhibit higher growth rate in the global agricultural pheromones market during the forecast period. The rising demand for several fruit and field crops such as pears, apples, peaches, and cotton may create impressive growth opportunities in the global market. In addition to this, increasing awareness about the use of such crops is likely to benefit the agricultural pheromones market in this region. The market in Asia Pacific is projected to report swift growth in the years to come. This is attributable to the growing use of agricultural pheromones in most of the countries in this region. The rising demand for exporting agricultural products from Brazil and China may increase the usage of agricultural pheromones in upcoming years.
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Rising Need for Sustainable Agriculture to Bode Well for the Market
Sustainable agriculture is the need of the hour. The rising adoption of integrated pest management practices or IPM helps to ensure sustainability, thus driving the market. Another factor fueling the demand for agricultural pheromone chemicals is increasing food consumption in developed and developing countries. In addition to this, advancements in technologies such as remote sensing monitoring, are projected to open new growth opportunities for the agricultural pheromones market. This technology is intended to effectively monitor crops and prevent them from pests. Also, rising awareness about precision agricultural systems is expected to contribute to the growth of agricultural pheromones. Farmers are becoming aware about the adverse effects of biological or chemical pesticides, which in turn, will result in the rising demand for natural alternatives. This is expected to further boost the agricultural pheromones market in the years to come. Rapid advancements in biotechnology are likely to pave way for new agricultural pheromone products.
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Market Segmentation:
By Function • Mating Disruption• Detection and Monitoring• Mass Trapping
By Mode of Application • Traps• Sprayers• Dispensers
By Crop • Field Crops• Orchard Crops• Vegetables• Other Crops
By Geography • North America (U.S., Canada, and Mexico)• Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)• Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)• South America (Brazil, Argentina, Chile, and Rest of South America)• Middle East and Africa (South Africa, Israel, and Rest of MEA)
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Agricultural Pheromones Market 2019 – Globally Market Size, Analysis, Share, Research, Business Growth and Forecast to 2025 | Fortune Business Insights