#Pheromones #Market #Reach #USD #Billion
Pune,India, Oct. 28, 2022 (GLOBE NEWSWIRE) — The global pheromones market size was valued at USD 3.18 billion in 2021 and USD 3.66 billion in 2022. It is projected to reach USD 10.78 billion by 2029 at a CAGR of 16.67% during the forecast period. The market is anticipated to progress due to the increase in sustainable agriculture practices to protect crops from pests. Fortune Business Insights™ stated this in a report titled, “Global Agricultural Pheromones Market, 2022-2029.”
COVID-19 Impact:
The inclination of Individuals toward Organic food Products Promotes Market Growth
A notable impact of the COVID-19 pandemic is observed in the global pheromones market growth. Due to the low availability and high price of pesticides, the market experienced a significant loss during the initial phase of the outbreak. Furthermore, the inclination of individuals during the onset of COVID-19 toward healthy and organic food products to maintain health and improve immunity results in a favorable influence on the industry.
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List of the Companies Profiled in the Pheromones Market Report are:
- Russell IPM (U.K.)
- Shin-Etsu Chemical Company (Japan)
- Isagro S.p.A. (Italy)
- Biobest Group (Belgium)
- SEDQ Healthy Crops SL (Spain)
- ISCA Global (U.S.)
- Suterra LLC (U.S.)
- Provivi, Inc. (U.S.)
- Koppert Biological Systems (Netherlands)
- Pacific Biocontrol Corporation (U.S.)
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast CAGR | 16.67% |
| 2029 Value Projection | USD 10.78 Billion |
| Base Year | 2021 |
| Agricultural Pheromones Market Size in 2022 | USD 3.66 Billion |
| Historical Data | 2018-2020 |
| No. of Pages | 185 |
| Segments Covered | By Type, By Function, By Application |
| Pheromones Market Growth Drivers | Increasing Adoption of Integrated Pest Management Practices to Bolster Market Growth |
| Increasing Awareness Regarding Detrimental… |
Read on GNW: Pheromones Market to Reach USD 10.78 Billion by 2029 |
