Agricultural Pheromones Market Drivers and Regional Analysis Report by 2027 | Emergen Research

Agricultural pheromones market size was valued at USD 2,550.0 Million in 2019 and is forecasted to reach USD 7,992.4 Million by 2027 at a CAGR of 15.3%.
 
VANCOUVER, British Columbia - Dec. 29, 2020 - PRLog -- Pheromones are critical components of monitoring and management tools that target the pest affecting the crops. Pheromones are chemical substances used by insects and other fauna to communicate. Using specific pheromones, traps can be made to regulate the pest population in agriculture or residential settings. The increasing pest proliferation is augmenting the need for agricultural pheromones. The global Agricultural Pheromones Market is predicted to expand at a CAGR of 15.3% to attain a valuation of USD 7,992.4 million by 2027, as per the latest analysis by Emergen Research.

Market Drivers

The agricultural pheromones market has exponentially expanded owing to the increasing application of pheromones to control the pest population in orchard crops, field crops, and vegetables. Factors such as escalation pest infestation, rising demand for increased crop yield, sustainable agriculture practices, and favorable government incentives further add traction to market growth. Application of agricultural pheromones (https://www.emergenresearch.com/industry-report/agricultu...) as an alternative to agricultural pest control approaches is an effective solution. The deployment of pheromones traps to mitigate crop destruction is another factor driving the market demand. Additionally, the extensive R&D activities in pheromone compounds, especially in the improvement of trap designs, are anticipated to further boost the industry growth.

Regional Analysis

By regions, North America contributed to substantial market size in 2019 and is forecasted to occupy a sizeable portion attributable to the increased consciousness among crop producers and farmers about the benefits and effectiveness of agricultural pheromones (https://www.emergenresearch.com/press-release/global-agri...). Additionally, the augmenting production of orchard and field crops are adding to the demand for agricultural pheromones. The European market is growing due to rising application of insecticides and escalating crop production. The Asia Pacific is forecasted to proliferate due to favorable government policies and sustainable agriculture practices.

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Tags:Agricultural Pheromones
Industry:Agriculture
Location:Vancouver - British Columbia - Canada
Subject:Reports
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