Agricultural Pheromones Market Set to Skyrocket, Projected to Reach USD 16.4 Billion by 2032
The Agricultural Pheromones market is poised for exceptional growth, with market value anticipated to soar from USD 3 billion in 2021 to an astounding USD 16.4 billion by 2032, registering a remarkable Compound Annual Growth Rate (CAGR) of 16.7% throughout the forecast period from 2022 to 2032.
Agricultural pheromones are vital chemical signals used to detect, capture, or eliminate insects that pose a threat to agricultural areas. These modern and environmentally friendly insect controllers leverage pheromones and other semiochemicals to protect crops by deterring pest insects, preventing their reproduction, or managing their behavior in various ways. In organic farming, pheromone traps serve as a natural pest control method, employing artificially produced sex pheromones to attract and capture pest insects. Importantly, these pheromone controls do not affect beneficial pollinators and other wildlife, as they specifically target pest species.
The benefits of agricultural pheromones are manifold. They prevent environmental pollution, leave no hazardous residues on food, and are less likely to contribute to the emergence of insect resistance. This makes them an ideal choice for sustainable and organic farming practices.
The projected growth of the Agricultural Pheromones market is driven by the increasing demand for microencapsulated spray pheromones. These products are favored for their ease of use, ability to reach the necessary crop height for effective mating disruption, and efficient release rate of technical ingredients. As farmers seek more sustainable and effective pest control solutions, the adoption of agricultural pheromones is set to rise significantly.
