Pheromones Market Size, Share, Growth, Major Key Players, and Forecast to 2025

The global pheromones market size is estimated to be valued at USD 2.4 billion in 2019 and is projected to be worth USD 5.7 billion by 2025, recording a CAGR of 15.3% during the forecast period. The increase in sustainable agriculture across the regions and limited regulatory control over pheromone applications are some of the major factors which drive growth in the market.

Key players in this market include Shin-Etsu Chemical Co., Ltd (Japan), Koppert Biological Systems (Netherlands), and Suterra LLC (US). New product launches, expansions & investments, mergers & acquisitions, partnerships, agreements & collaborations were some of the core strengths of the leading players in the pheromones market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios.

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Some of the other players in the pheromones market include BASF (Germany), Trécé Inc. (US), Rentokil - PCI Pvt Ltd (India), Laboratorios Agrochem, S.L. (Spain), Bio Controle (Brazil), Biobest Group NV (Belgium), Bioline AgroSciences (UK), Isagro Group (Italy), Sumi Agro France (France), Bedoukian Research, Inc. (US), Certis Europe BV (Netherlands), Hercon Environmental (US), Pacific Biocontrol Corporation (US), and Fuji Flavor Co., Ltd (Japan).

Shin-Etsu Chemicals Co., Ltd (Japan)   is a leading manufacturer of agricultural pheromones. The company offers pheromones through its specialty chemicals business. The synthetic pheromones provided by the company are safe and environment-friendly. It serves a major role in the elimination of agricultural pests. The company is a global leader in pheromone formulations.

Koppert Biological Systems (Netherlands) is involved in the production and distribution of biological solutions, which aids in coping with challenges such as pest control, disease control, boosting pollination, and plant growth promotion. The company provides pesticides, pollination systems, distribution appliances (including blowing devices and dispersal systems), and monitoring solutions. It also provides pheromone traps through its monitoring solutions category.

Suterra LLC  (US) has a flagship line of CheckMate agricultural products, which makes effective use of pheromones in disrupting the mating behavior of harmful pests. The products introduced by the company ensure environmental protection through the reduction in groundwater contamination. It has also allowed growers to reduce their use of traditional insecticides.

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The increasing awareness about insect pheromones among IPM practitioners, particularly early adopters in fruit, cotton, and orchard farming such as grapes and pome & stone fruits, is a key factor that is projected to drive the growth of the market. The increasing adoption of pheromones in fruits such as apples, pears, grapes, and peaches in the US and Mexico is due to the need for control codling moth, grape moth, and oriental fruit moth. Through the IPM programs of the US EPA (Environmental Protection Agency) and the USDA, these practices have gained importance in vegetable and field crops, such as sweet corn and cotton, respectively.

Recent Developments:

• In June 2019, Koppert Biological Systems acquired Natural Enemies (US), which is a leader in the cannabis industry for chemical-free pest management. This acquisition would help the growers to gain access to Koppert’s high-quality products as well as make efficient use of the company’s knowledge in horticulture.
• In September 2019, PI Industries (India) acquired Isagro’s India-based subsidiary, Isagro Asia. This acquisition helped in enhancing the PI Industries’ access to the manufacturing capabilities of Isagro Asia, which enabled it to expand its customer base. This acquisition would also reduce Isagro Group’s financial debt.