Pune India, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the semiochemicals market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the semiochemicals market are present across various countries in the above-mentioned regions.
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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as crop type, type, technique, and regions. The key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the paragraphs below.
The significant players operating in the global semiochemcals market are Koppert Biological System, Corteva Agriscience, Pacific Bio Control Corp, Shin-Etsu, Suttera, Bedoukian Research, Pherobank, Certis, Russell IPM, Isagro Group among others. To achieve a substantial market share in the worldwide semiochemicals market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
By using semiochemicals, insects can communicate specific chemical messages that influence their behavior and physiology. As organic farming becomes increasingly popular, semiochemicals will see a significant increase in market share, because organic food is becoming more popular among consumers, growing awareness of the harmful effects of chemical fertilizers and pesticides, and growing health consciousness. In turn, semiochemicals were also able to increase their business since they fall under the biopesticide category. The consumer's preference for healthier and safer foods has increased over the past few years. Agriculture across the globe has also been evolving as a result of developing trends such as eating organic, clean-label, organic, and pesticide-free foods. A growing demand for organic fruits, organic commodities, and vegetables boosts the growth of the semiochemical market worldwide.Several factors are expected to negatively impact the market revenue growth to some extent, including limited awareness and knowledge in developing regions, and the high cost of the product. Semiochemicals market growth is expected to slow down over the forecast period due to high maintenance costs, rising labor costs, and limited availability of product among farmers.
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Scope of Semiochemicals Market Report:
| Report Metric | Information |
| Study Period | 2022-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Market Share Unit | USD Billion |
| Segments Covered | Crop Type, Type, Technique, and Regions. |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle-East and Africa |
| Major Players | Koppert Biological System, Corteva Agriscience, Pacific Bio Control Corp, Shin-Etsu, Suttera, Bedoukian Research, Pherobank, Certis, Russell IPM, Isagro Group among others |
Segmentation Analysis
Orchard crops are expected to be the fastest-growing segment in 2022.
The crop type segment is field crops, orchard crops, vegetable crops, and others. The orchard crops segment is expected to witness the highest growth rate during the forecast period. Orchards of apples, avocados, pomegranates, almonds, and etch fruit as well as wheat, maize, and coconuts are a few examples of crop types. Orchard planting is fairly prevalent in several Indian states.
Pheromones are expected to be the fastest-growing segment in 2022.
The type segment is pheromones, allomones, kairomones, and others. The pheromones segment is expected to witness the highest growth rate during the forecast period. Increasingly, pest detection and monitoring tools are being automated, and an individual of one species creates pheromones that cause another individual of the species to act and react physiologically. Additionally, social insects, such as ants, bees, and aphids, which congregate, produce alarm pheromones.
Mating disruption is expected to be the fastest-growing segment in 2022.
The technique segment is mating disruption, mass trapping, repellents, and attract & kill. The mating disruption segment is expected to witness the highest growth rate during the forecast period. The mating disruption category is likely to dominate the market due to its increased effectiveness in low or reasonable insect infestations. It is also possible to use sex pheromones in the mating disruption process, which can be either male or female, to prevent insects from discovering them and mating.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the semiochemicals market include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
The North American region witnessed a major share. Over the forecast period, North America's semiochemicals market is expected to grow rapidly as integrated pest management systems are increasingly adopted for sustainable agriculture. Over the forecast period, this region is expected to continue to hold a significant share of the semiochemical market due to its large cultivation areas, which allow for plantations of high value.
Country Analysis
- Germany
Germany's semiochemicals market size was valued at USD 0.33 billion in 2022 and is expected to reach USD 1.09 billion by 2030, at a CAGR of 16.2% from 2023 to 2030.
Organic farming is becoming more popular due to top corporations' investment and government support.
- China
China’s semiochemicals market size was valued at USD 1.19 billion in 2022 and is expected to reach USD 4.01 billion by 2030, at a CAGR of 16.4% from 2023 to 2030.
Market growth in the region will be driven by advancing sustainable agriculture practices, insect proliferation, and expanding public support for government initiatives.
- India
India's semiochemicals market size was valued at USD 0.92 billion in 2022 and is expected to reach USD 3.07 billion by 2030, at a CAGR of 16.3% from 2023 to 2030.
A major reason for the growth of the Indian market is the growing awareness among farmers about crop protection and strategies for increasing crop yield. The growing agricultural sector below organic farming is expected to further fuel the demand.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of this market is mainly driven owing to the rising demand for pest management methods, propelling the growth of the market across the countries.
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