Semiochemicals Market Size Worth $19.59 Billion By 2032 | CAGR: 17.9%

The global semiochemicals market size is expected to reach USD 19.59 billion by 2032, according to a new study by Polaris Market Research. The report “Semiochemicals Market Share, Size, Trends, Industry Analysis Report, By Crop Type (Orchard Crops, Vegetables, Field Crops, and Others); By Type; By Function; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing demand for organic food products because of rising health risks and incidences of various disorders associated with the regular consumption of unhealthy foods products with chemical pesticides and fertilizers, are driving the global market growth.  the increasing number of various favourable and supportive government initiatives promoting efficient pest management programs, is propelling the market’s growth.

• For instance, according to State of India’s Environment 2022 Report, more than 1.7 million people in India die every year due to diseases attributable to unhealthy diets.

Additionally, consumer preference has gradually shifted towards safer and healthier food products that creates a demand for clean-label and pesticide-free foods, thereby, companies are heavily focusing on the development of new semiochemicals with enhanced capabilities, which in turn, fostering the market at substantial pace.

• For instance, in January 2023, Bayer, announced that they are entering into a strategic partnership with the M2i Group, for supplying vegetable growers with pheromone-based crop protection products.

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There has been an emerging trend in the market about the integration of technology for precise application with aim to enhance or improve the effectiveness of the semio-chemical application. Major companies operating in the market are constantly bringing new innovations like automated dispensers, sensor networks, and drones which enables a real-time monitoring of pest populations and release semiochemicals in targeted areas.

Furthermore, there is an increase in consumer preference for bio-based formulations and adoption of the organic farming practices, because of increase in the number of consumers prioritizing pesticide-free and sustainable production of foods.

As semiochemicals are widely known to align with these farming needs and regulations and allow farmers to cater to organic farming’s ecological ethos, there demand might increase exponentially. For instance, as per a report published by International Pheromone Systems in January 2023, they are taking a new pathway in the distribution of company’s flagship products including SPTab & CLTab. These products are sustainable management solutions for textile pests.

Semiochemicals Market Report Highlights

• Orchard crops segment accounted for the noteworthy share, due to increased demand for high-quality crops and expansion of orchard farming globally
• Pheromones segment held the majority share, which is driven by its widespread use by farmers and rising development of new pheromones
• Mating disruption segment will grow at highest pace, owing to its growing adoption as an effective method for reducing number of mating
• North America dominated the global market, on account of presence of global players and greater implementation of crop protection practices
• The key market players include Pacific Biocontrol Corporation, Russell IPM, Suterra, Bedoukian Research, Cortiva Agriscience, CBC Co., Isagro S.p.A., and Shin-Etsu

Polaris Market Research has segmented the semiochemicals market report based on crop type, type, function, and region:

Semiochemicals, Crop Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Orchard Crops
• Vegetables
• Field Crops
• Others

Semiochemicals, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Pheromones
• Allelochemicals

Semiochemicals, Function Outlook (Revenue - USD Billion, 2019 - 2032)

• Detection & Monitoring
• Mass Trapping
• Mating Disruption

Semiochemicals, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Semiochemicals Market Report Scope