Agricultural Pheromones Market ‐ Global Size, Share | Forecast 2034 - annasa28247/The-Brainy-Insights GitHub Wiki

Here is a comprehensive overview of the Agricultural Pheromones Market, encompassing recent developments, key drivers, restraints, regional segmentation, emerging trends, top use cases, major challenges, and attractive opportunities:

Global Agricultural Pheromones market is expected to reach USD 10.61 billion by 2030, at a CAGR of 15.1% from 2021 to 2030.

Recent Developments

  • Bayer and M2i Group Partnership: In January 2023, Bayer partnered with France’s M2i Group to supply pheromone-based biological crop protection products targeting Lepidoptera pests in crops like tomatoes, grapes, and stone fruits .

  • Biobest's Expansion: In May 2023, Biobest Group NV signed a letter of intent to acquire BioWorks Inc., aiming to enhance its presence in the biopesticides market 

  • ATGC Biotech's Innovation: In July 2022, India-based ATGC Biotech Pvt Ltd launched CREMIT PBW, a mating disruption product designed specifically for controlling Pink Bollworm 

  • Provivi and Syngenta Collaboration: In March 2022, Provivi introduced Nelvium™, a pheromone-based solution for controlling harmful rice pests, in collaboration with Syngenta Crop Protection .

Drivers

  • Sustainable Agriculture Practices: Growing environmental concerns and the demand for pesticide-free produce are accelerating the adoption of pheromone-based pest control methods .

  • Government Support: Governments worldwide are offering incentives and subsidies to farmers who use agricultural pheromones, promoting sustainable agriculture practices .

  • Technological Advancements: Innovations in pheromone formulations and application technologies are enhancing the effectiveness and adoption of these products .

Restraints

  • High Costs: The production and application of pheromones can be more expensive compared to conventional pesticides, potentially limiting their adoption among cost-sensitive farmers .

  • Limited Availability: In certain regions, the availability of pheromone products is restricted due to limited distribution networks, affecting their accessibility to farmers .

Regional Segmentation Analysis

  • Asia-Pacific: Expected to register the highest growth rate, driven by increasing awareness of sustainable farming practices and government initiatives in countries like India and China .

  • North America and Europe: These regions are leading in the adoption of pheromone-based pest control, supported by stringent regulations on pesticide use and a strong emphasis on organic farming .

Emerging Trends

  • Integration with Digital Farming: Companies like BASF are developing digital tools, such as the Xarvio® SCOUTING app, which includes pheromone trap analysis capabilities to aid growers in pest monitoring .

  • Expansion into New Crops: Pheromone applications are extending beyond traditional crops to include a wider variety of fruits, vegetables, and field crops .

Top Use Cases

  • Mating Disruption: Utilizing pheromones to interfere with the mating patterns of pests, thereby reducing their populations.

  • Mass Trapping: Attracting and capturing large numbers of pests to prevent crop damage.

  • Monitoring: Using pheromone traps to monitor pest populations and inform integrated pest management strategies.

Major Challenges

  • Species-Specificity: Pheromones are often specific to particular pest species, requiring the development of multiple products to target different pests .

  • Regulatory Hurdles: Navigating the regulatory landscape for the approval and use of pheromone products can be complex and time-consuming.

Attractive Opportunities

  • Rising Demand for Organic Produce: The increasing consumer preference for organic and pesticide-free food is creating new markets for pheromone-based pest control solutions .

  • Expansion in Emerging Markets: Countries in Asia, Africa, and Latin America present significant growth opportunities due to their large agricultural sectors and growing awareness of sustainable farming practices.

Key Companies

  • Shin-Etsu Chemical Co., Ltd. (Japan): A leading manufacturer of agricultural pheromones, offering products through its functional materials business segment .

  • BASF SE (Germany): Developed the Xarvio® SCOUTING app with pheromone trap analysis capabilities to aid growers in pest monitoring .

  • Biobest Group NV (Belgium): A global leader in biological control and pollination, expanding its presence in the biopesticides market through acquisitions .

  • Russell IPM (UK): Focuses on precision pest management using pheromones, aiming to reduce pesticide dependency .

  • Provivi, Inc. (US): Introduced Nelvium™, a pheromone-based solution for controlling harmful rice pests, in collaboration with Syngenta Crop Protection .

  • ISCA Technologies (US): Develops environmentally safe semiochemical and pheromone-based insect controls for various crops .

  • Suterra LLC (US): Launched a new monitoring lure for pear, apple,

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