In a recent published report, Kenneth Research has updated the market report for Pheromones Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pheromones Market products.
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The global Pheromonesmarket was valued at USD 1.70billion in 2016 and is projected to reach USD 6.67billionby 2025, growing at a CAGR of 16.4% from 2017 to 2025.
Pheromones are basically traps used to prevent the losses resulting from pests. The pheromones aid in capturing the pests and reducing the damage. The commonly used pheromones in agriculture include sex pheromones and aggregate pheromones.
1. Market Drivers
1.1 Growing need for sustainable agriculture approach
1.2 Rising demand for semiochemicals
2. Market Restraints
2.1 Cost of active ingredients and maintenance
The global Pheromones market is segmented on theapplication, mode of application, crop type, typeand region.
1. By Application:
1.1 Mating Disruption
1.2 Mass Trapping
1.3 Monitoring and Detection
2. By Mode of Application:
2.1 Spray Method
3. By Crop Type:
3.1 Field Crops
3.2 Fruits and Nuts
3.3 Vegetable Crops
4. By Type:
4.1 Sex Pheromones
4.2 Aggregate Pheromones
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Bio Controle
5. Certis Europe
8. Biobest Belgium
11. Bedoukian Research
12. Russel IPM
14. Isca Technologies
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Pheromonesmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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