Agricultural Pheromones Market Size, Share, Growth, Trends, and Industry Analysis: By Type (Sex Pheromones, Aggregation Pheromones, Repellent Pheromones, and Others), By Crop Type (Fruits, Vegetables, Tea Plants, Turf and Ornaments, Oilseeds and Pulses, Cereals and Grains, and Others), By Function (Mating Disruption, Mass Trapping, Detection and Monitoring, and Others), By Mode of Application (Dispenser, Traps, Sprays, and Others), and Region

Agricultural Pheromones Market size was valued at USD 4.2 billion in 2023 and is poised to grow at a CAGR of 15.8% from 2024-2030.  The market is fuelled by several key factors such as sustainable agriculture practices, rising awareness of integrated pest management (IPM), regulatory support, economic benefits, and technological advancements. Agricultural pheromones are chemical signals used to monitor, trap, and alter the behavior of pests that destroy crops. They are essential in modulating pest behavior that impacts agricultural productivity. Major agricultural pheromones, including aggregation and sex pheromones, are frequently used by farmers. The implementation of integrated pest management techniques, which governments across the globe back, depends heavily on these pheromones.

Their comparatively easy application and less toxic nature when compared to synthetic pesticides are expected to drive up demand for them in nations where governments are trying to cut back on the usage of dangerous chemical pesticides. Growth in organic farming, precision agriculture, regional expansion, and product innovations are the recent trends in the agricultural pheromones market. The global agricultural sector actively uses pesticides and insecticides to eliminate pests and high crop yields. Technological advancements combined with the use of equipment to make insect pheromones in large quantities and supply them to growers of row crops can open up significant prospects for producers to increase their customer base. A noteworthy instance took place in May 2022 when Provivi Inc. and Saltigo, a division of the multinational chemical corporation Lanxess, collaborated to produce the insect pheromone Pheron E7-E/Z9-12Ac. By utilizing their experience, Lanxess produced an affordable pheromone that successfully reduces insect dangers in fruits, nuts, and vines.

Agricultural Pheromones Market Key Developments:

• In September 2023: Russell IPM manufactured an easy-to-use, affordable, and efficient mating disruption solution, DISMATE YSB, for controlling the growth of “rice stem borer.” The newly launched product was proven highly efficient in reducing the growth of “rice stem borer,” and thus, achieved nearly 90% control in trials.
• In May 2023, Biobest Group announced the completion of its letter of intent to acquire Bio Works (an American-based pheromones manufacturer) to expand its product portfolio.
• In February 2023: Pherobank launched a new pheromones lure that would be used as an attractant for Syngrapha Parilys and Sympists Lapponica. this company would help it expand it product portfolio and serve a large consumer base.