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The agricultural insect pheromones market is accelerating as
agriculture looks to more sustainable, less environmentally
impactful pest control solutions.
The phasing out and bans on insecticides in different regions
will continue to drive the growth of the agriculture pheromones
market. The consolidation of the biological pest control industry
is continuing in general, and companies in the pheromone sector
will be prone to consolidate and merge in the next few years.
The estimates of the global agricultural pheromones market
(including the value of trap and lure) varies, and in 2020 range
from $600 million to over $2 billion.
There is strong growth in agriculture automation platforms with
pheromone application components. Multinationals will continue
investing into agricultural pheromones, to ensure industrial
diversification and benefit from the trend favoring sustainable
agriculture.
In addition to rising acceptance of sustainable agricultural
practices, market drivers include:
Pest resistance concerns to conventional insecticides
Targeted action which is not harmful to beneficial insects -
40% of all insects are declining
The ongoing phasing out of broad-spectrum insecticides
Improvement in production and application methods
Challenges exist as well, with market resistors such as:
High cost of pheromone insecticide product in comparison with
conventional insecticides
High maintenance costs
Pheromone products require skilled labour
Specific action of pheromones can serve as a disadvantage
Here is a quick rundown of new companies and investments in the
insect pheromone space.
Startup companies:
SemiosBio
Provivi
M2i Life Sciences
BioPhero
Multinational investments:
In January 2020, Provivi announced that they have signed an
agreement with Syngenta Crop Protection AG for the development of a
new, natural and sustainable pheromone based product concept for
the effective management of major rice pests in Indonesia.
In May 2020, Corteva Agroscience announced multiyear global
agreements with M2i Life Sciences for the research, development and
global commercialization of pheromone based insect control
solutions.
Pheromone/biological company investments:
In October 2021, Suterra and Phytech have partnered to deliver
to growers a comprehensive solution to optimize irrigation,
nutrition, and pest control with agricultural pheromones.
Recent pheromone insecticide product launches:
In August 2020, ISCA announced that it launched SPLAT FAW in
Brazil, a mating disruption control for the fall armyworm
Spodoptera frugiperda.
In August 2020, Provivi announced that that its pheromone based
mating disruption product for the control of Fall Armyworm
(Spodoptera frugiperda) PherogenTM received the regulatory approval
in Brazil and Pherogen ™ Dispenser SpoFr mating disruption
dispenser for the control of Fall Armyworm (Spodoptera frugiperda)
in corn received approval in Mexico.
In April 2021, Provivi announced regulatory approval of Pherium
AL mating disruption products to control damaging pests in rice,
notably the Rice Stemborers like Chilo suppressalis in
Indonesia.
In March 2021, Bayer introduced Vynyty Citrus®, its latest
biological and pheromone based crop protection product to control
pests on citrus farms.
Looking for more information on this growing marketplace?
Get sample data of IHS Markit's comprehensive research for the
global agricultural insect pheromones market.
Posted 26 January 2022 by Alan Bullion, Director of Special Reports & Projects, Agribusiness, S&P Global Commodity Insights
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
