The Global Pheromones Market is projected to reach a value of over USD 6.3 billion by 2027 with the healthy CAGR of over 13%
Pheromones are ectohormones or the chemical compounds secreted by the insects and other animals that acts as chemical messenger for communicating with the individuals of similar species. These compounds are synthetically produced for agricultural use for selective pest management through minimal effects on beneficial crops. These are mostly sprayed in the air but can be introduced through soil, vegetation and other vectors. For agricultural purpose, pheromones are used for pest management through mass trapping, matting disruption, and pest detection and monitoring.
Market Drivers:
Pesticides are the conventional solution for pest controlling to boost the agricultural practices. However, these pesticides get absorbed by the plant through varied medium causing mutation in the plants. In addition to this, it causes water pollution, soil pollution and also kills the turfs, leading to negative impact on the environment. Beside this, its exposure may lead to chronic health hazards generating higher need for safer alternative. On the counter side, pheromones have emerged as a greener and nontoxic method which promotes selective pest management and is nontoxic, which is driving its demand. Strict regulation and environmental laws imposed on the pesticides are further fueling the market growth.
Pesticides possess potential to control different species and variety of pest including insects, worms, weeds, etc. Rising use of the pesticides for pest controlling, resulting to higher count of the pesticide resistant organisms, which is creating higher need for more efficient pest management solution. Increasing demand for more efficient pest management which leads to less pesticide resistance insects, has driven global attentional towards the non-toxic pheromones in the agricultural operations. Also, pest resistance also piles up the overall cost associated with the treatment costs or alternative controls methods, which boosts the demand for pheromones.
Market Restraint:
Pheromones is gaining higher popularity owing to non-toxic, environmentally friendly alternatives to traditional pest controlling. However, the growth of this market is hindered owing to higher production cost of pheromones. Currently, pheromones are produced mainly through the chemical synthesis with unusual chemical characteristics escalates the overall product cost. Owing to expensive, the penetration of the pheromones is lower in emerging and developing nations, which impacts the overall market growth.
The report on the pheromones market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Type, Pest, and Usage |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Pheromones Market, by Type
Pheromones Market, by Pest
Pheromones Market, by Usage
Pheromones Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE PHEROMONES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
