​Here is a comprehensive overview of the Agricultural Pheromones Market, encompassing recent developments, key drivers, restraints, regional segmentation, emerging trends, top use cases, major challenges, and attractive opportunities:

Global Agricultural Pheromones market is expected to reach USD 10.61 billion by 2030, at a CAGR of 15.1% from 2021 to 2030.​

Recent Developments

• Bayer and M2i Group Partnership: In January 2023, Bayer partnered with France’s M2i Group to supply pheromone-based biological crop protection products targeting Lepidoptera pests in crops like tomatoes, grapes, and stone fruits .​

• Biobest's Expansion: In May 2023, Biobest Group NV signed a letter of intent to acquire BioWorks Inc., aiming to enhance its presence in the biopesticides market 

• ATGC Biotech's Innovation: In July 2022, India-based ATGC Biotech Pvt Ltd launched CREMIT PBW, a mating disruption product designed specifically for controlling Pink Bollworm 

• Provivi and Syngenta Collaboration: In March 2022, Provivi introduced Nelvium™, a pheromone-based solution for controlling harmful rice pests, in collaboration with Syngenta Crop Protection .​

Drivers

• Sustainable Agriculture Practices: Growing environmental concerns and the demand for pesticide-free produce are accelerating the adoption of pheromone-based pest control methods .​

• Government Support: Governments worldwide are offering incentives and subsidies to farmers who use agricultural pheromones, promoting sustainable agriculture practices .​

• Technological Advancements: Innovations in pheromone formulations and application technologies are enhancing the effectiveness and adoption of these products .​

Restraints

• High Costs: The production and application of pheromones can be more expensive compared to conventional pesticides, potentially limiting their adoption among cost-sensitive farmers .

• Limited Availability: In certain regions, the availability of pheromone products is restricted due to limited distribution networks, affecting their accessibility to farmers .​

Regional Segmentation Analysis

• Asia-Pacific: Expected to register the highest growth rate, driven by increasing awareness of sustainable farming practices and government initiatives in countries like India and China .

• North America and Europe: These regions are leading in the adoption of pheromone-based pest control, supported by stringent regulations on pesticide use and a strong emphasis on organic farming .​

Emerging Trends

• Integration with Digital Farming: Companies like BASF are developing digital tools, such as the Xarvio® SCOUTING app, which includes pheromone trap analysis capabilities to aid growers in pest monitoring .​

• Expansion into New Crops: Pheromone applications are extending beyond traditional crops to include a wider variety of fruits, vegetables, and field crops .​

Top Use Cases

• Mating Disruption: Utilizing pheromones to interfere with the mating patterns of pests, thereby reducing their populations.​

• Mass Trapping: Attracting and capturing large numbers of pests to prevent crop damage.​

• Monitoring: Using pheromone traps to monitor pest populations and inform integrated pest management strategies.​

Major Challenges

• Species-Specificity: Pheromones are often specific to particular pest species, requiring the development of multiple products to target different pests .​

• Regulatory Hurdles: Navigating the regulatory landscape for the approval and use of pheromone products can be complex and time-consuming.​

Attractive Opportunities

• Rising Demand for Organic Produce: The increasing consumer preference for organic and pesticide-free food is creating new markets for pheromone-based pest control solutions .​

• Expansion in Emerging Markets: Countries in Asia, Africa, and Latin America present significant growth opportunities due to their large agricultural sectors and growing awareness of sustainable farming practices.​

Key Companies

• Shin-Etsu Chemical Co., Ltd. (Japan): A leading manufacturer of agricultural pheromones, offering products through its functional materials business segment .​

• BASF SE (Germany): Developed the Xarvio® SCOUTING app with pheromone trap analysis capabilities to aid growers in pest monitoring .​

• Biobest Group NV (Belgium): A global leader in biological control and pollination, expanding its presence in the biopesticides market through acquisitions .​

• Russell IPM (UK): Focuses on precision pest management using pheromones, aiming to reduce pesticide dependency .​

• Provivi, Inc. (US): Introduced Nelvium™, a pheromone-based solution for controlling harmful rice pests, in collaboration with Syngenta Crop Protection .​

• ISCA Technologies (US): Develops environmentally safe semiochemical and pheromone-based insect controls for various crops .​

• Suterra LLC (US): Launched a new monitoring lure for pear, apple,

• Market Introduction
• Market Dynamics
• Segment Analysis
• Some of the Key Market Players