Pheromones - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Pheromones market is accounted for $1.79 billion in 2017 and is expected to reach $7.75 billion by 2026 growing at a CAGR of 17.6%. Growing demand for sustainable agricultural approach, growing food consumption, increasing consumer awareness about the side effects of pesticides are some of the factors driving the market. In addition, development of remote sensing technology for effective monitoring is one of the major opportunities during the forecast period. However, huge maintenance cost of active ingredients, introduction of new multi-target pest pheromone dispensers are inhibiting the market growth.
Pheromones are the chemical molecules secreted by insects in the environment. Pheromones are used from basic unicellular prokaryotes to complex multicellular eukaryotes. These pheromones acts a communication between the insects spread across the field. Thus, it helps in growing the crops in a healthy manner.
By type, the demand for aggregation pheromones segment is growing rapidly as these pheromones are widely used for bark beetles and it also attracts male and female species for mass trapping. In addition, fruits & nuts segment has acquired largest market share and the growth of this segment can be attributed to reduction in crop damage and also helps in producing high quality products. North America is dominating the Pheromones market owing to growing demand for fruit & field crops such as apples, pears, peaches, cotton, and corn and rising awareness. Asia Pacific held the largest market share and the factors fuelling the growth of this region are growing agricultural productivity in China, growing awareness among the people about the effects of pesticides.
Some of the key players in global Pheromones market include BASF, Certis Europe, Shin-Etsu, Bioline Agrosciences, Isca Technologies, Bedoukian Research, Koppert, Biobest Belgium, Russell Ipm, Pherobank, Isagro, Bio Controle, Suterra and Trécé.
• Aggregation Pheromones
• Sex Pheromones
• Other Pheromones
Crop Types Covered:
• Vegetable Crops
• Field Crops
• Fruits & Nuts
• Other Crop Types
Mode of Applications Covered:
• Spray Method
• Storage facilities
End Users Covered:
• Mass Trapping
• Mating Disruption
• Detection & Monitoring
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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