Agricultural Insect Pheromones Market Global COVID – 19 Outbreak | Industry Growth, Size, Value Share, Latest News, Business Landscape and Forecast to 2024

Market Synopsis 

The toxic attributes of synthetic chemical pesticides and the increased awareness about the pesticide toxicity are projected to stimulate the global agricultural insect pheromones market 2020. The data experts at Market Research Future Reports (MRFR), the worldwide agricultural pheromones market is predicted to record an outstanding CAGR during the forecast period. The market is projected to expand owing to the surged adoption of sustainable agricultural practices. Since it comprises of sustainable attributes, it is also promoted by the government. The government is taking various initiatives to encourage the usage of semi chemicals for pest control, driving the market immensely.

Further, the increased adoption of precision agriculture systems, reduction in the cost of manufacturing, and the usage of automated monitoring systems are estimated to propose a conducive environment for the market expansion. In addition, the MNCs are contributing significantly to start-up entities to access several opportunities in the industry.

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On the contrary, the expensive costs associated, the extended time taken for the R&D process, the frequent replacement of dispensers to disrupt insect mating are some of the estimated factors impeding the global agricultural insect pheromones market.

Key Players 

The renowned organizations of the Worldwide Agricultural Insect Pheromones Market are Biobest (Belgium), Laboratorio Agrochem, SL (Spain), ISAGRO (Italy), Pacific Biocontrol Corporation (US), BIOCONT LABORATORY (Czech Republic), Exosect (UK), Suterra (US), Troy Biosciences (US), ISCA Technologies (US), Russell IPM (UK), Pherobank (Netherlands), Bedoukian Research (US) and a few more.

Market Segmentation 

Worldwide Agricultural Insect Pheromones Market is can be classified based on crop type, type, application, mode of application, and region.

Based on crop type, the Worldwide Agricultural Insect Pheromones Market can be classified into field crops, fruits and nuts, vegetables, and others.

Based on type, the worldwide agricultural insect pheromones market can be classified into aggregation pheromones, sex pheromones, and others.

Based on application, the worldwide Agricultural Insect Pheromones Market can be classified into monitoring, trapping, and mating disruption.

Based on mode of application, the worldwide agricultural insect pheromones market can be classified into monitoring, trapping, and mating disruption.

Based on region, the worldwide agricultural insect pheromones market can be classified into North America, Europe, Asia-Pacific, and the Rest of the World.

Regional Analysis 

The data experts have thoroughly analyzed the key regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW). As per the study, the North American region is projected to lead the worldwide agricultural insect pheromones market during the forecast period. The grown adoption of pheromone traps over the organic methods is predicted to be the most notable factor driving the regional market. Further, there is an extensive area under high-value orchard crops under cultivation in the US, Mexico, and Canada. On the other hand, the market in the APAC region is projected to expand at the highest CAGR during the forecast period.

The growing usage of agricultural pheromones across the various APAC countries is estimated to stimulate the regional market. The region is witnessing a rise in the export demand for agricultural products from countries such as China, which is likely to enhance the industrial growth in the region in the forthcoming period. Further, the increasing number of players entering the market and the growing adoption of insect pheromone traps by various fruit and field crop owners. In addition, the market is immensely driven owing to the supportive initiatives implemented by the government of various countries to promote pest management as a sustainable farming practice.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.