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Agricultural Pheromones Market to Surge at a Robust 17.3% CAGR, Reaching $11.31 Billion by 2029

21 Jan, 2025

What Progress Has The Agricultural Pheromones Market Made in Recent Years?

The Agricultural Pheromones Market has experienced a rapid surge over recent years.
• The market size grew from $5.06 billion in 2024 to $5.98 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 18.2%.
The market's progression in the historic period can be ascribed to the global economic growth, escalation in crop losses, investment in R&D, expansion of agricultural production, and the growing need for food safety.

What Projections are there for the Agricultural Pheromones Market Size and CAGR?

The agricultural pheromones market is projected to continue on a rapid growth trajectory in the forecast period.
• The market is estimated to reach $11.31 billion by 2029, growing at a promising CAGR of 17.3%.
The upturn in this sector is expected to be propelled by a rising global population, expanding greenhouse farming, increasing e-commerce platforms, a surge in consumer demand for pesticide-free produce, and emerging markets for organic and specialty crops.

What Factors Are Propelling The Growth Of Agricultural Pheromones Market?

The rising awareness of the risks associated with chemical pesticides is propelling the growth of the agricultural pheromones market. The increased awareness has led to a shift towards organic food; organic food items are cultivated using pest-free pheromone chemicals beneficial to health. As per the Indian Brand Equity Foundation (IBEF), an Indian Government export promotion agency, the Indian organic business is anticipated to reach $10.73 billion by 2025.

How Is The Agricultural Pheromones Market Segmented?

The agricultural pheromones market covered in this report is segmented into –
1) By Type: Sex Pheromones, Aggregation Pheromones, Other Types
2) By Function: Detection And Monitoring, Mass trapping, Mating disruption, Other Functions
3) By Crop Type: Field Crops, Vegetables, Orchard Crops, Other Crop Types
4) By Mode of Application: Dispensers, Traps, Sprayers

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What Trends Are Shaping Agricultural Pheromones Market?

Technological advancements are significantly shaping the agricultural pheromones market. For instance, Provivi, a US-based biotechnology company, and Syngenta, a Switzerland-based agrichemical company, launched a pheromone-based Nelvium in 2022 to control harmful rice pests. This innovation, first implemented in Indonesia, showcases the role of technology in enriching crop protection efforts.

Who Are The Key Players In The Agricultural Pheromones Market?

Major companies in the agricultural pheromones market include:
• ATGC Biotech Pvt Ltd
• BASF SE
• Bio Controle
• Biobest Group NV
• Novagrica
• Pherobank BV
• Provivi Inc
• Russell IPM
• Shin Etsu Chemical Co Ltd
• Suterra LLC

What Are The Regional Dynamics Of The Agricultural Pheromones Market?

North America was the largest region in the agricultural pheromones market in 2024. The region is also anticipated to be the fastest-growing in the forecast period. Other regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.