The global agricultural pheromones market is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 6.1 billion by 2026, recording a CAGR of 16.1% during the forecast period.
Pheromones control the insect population by detecting and monitoring the insect’s presence, disrupting the mating between insects, and trapping the insect population. The market for agricultural pheromones is witnessing steady growth and gaining momentum across regions. This is mainly due to factors, such as the effective implementation and awareness initiatives of integrated pest management practices for sustainable agriculture.
The North America region dominated the agricultural pheromones market and is projected to grow at the highest CAGR of 16.9% from 2021 to 2026.
The market for pheromones is growing in North America owing to the widening scope of applications in not only agriculture but also in forestry and for industrial purposes, such as in the food and pharmaceutical industries. ISCA produces a formulation to control noctuid moths on row crops that acts as a mating-disruption for the gypsy moth that is used by the US Forest Service.
Some of the majorly grown agricultural crops in the region include cotton, tomatoes, grapes, corn, pome fruits, and stone fruits. These are some of the crops that are prone to attacks from various insect species, such as the pink bollworm, leaf miner, codling moth, and berry moths. In North America, pheromones are used for mating disruption purposes.
US dominated the North America market for agricultural pheromones market in 2020.
In the US, common pests found on fruit crops are grapevine moth, banana weevil, oriental fruit moth, and codling moth. These insects are mainly used for monitoring, mass trapping, and attract-and-kill purposes in the US. The insect pests found on field crops in the US are cotton boll weevil, pink bollworm, and southwestern corn borer. In the US, mating disruption is usually practiced in apple, peach, pear, and cotton farms to control populations of insect species, such as codling moths, oriental fruit moths, and pink bollworms. Some of the major pheromone manufacturing companies, such as Suterra (US) and Provivi, Inc. (US), have also made the US a favorable market for the utilization of pheromones.
The key players in this market include Shin-Etsu Chemical Co., Ltd (Japan), Koppert Biological Systems (Netherlands), Isagro Group (Italy), Biobest Group NV (Belgium), Suterra LLC (US), Russell IPM (UK), ISCA Technologies (US), Trécé Incorporated (US), Bedoukian Research, Inc. (US), Pherobank B.V. (Netherlands), BASF (Germany), Certis Europe BV (Netherlands), Bioline AgroSciences Ltd. (US), Bio Controle (Brazil), and ATGC Biotech Pvt Ltd. (India).