The India agricultural pheromones market size stood at USD 3.54 million in 2021. The market is anticipated to surge from USD 4.05 million in 2022 to USD 11.03 million by 2029 at a 15.40% CAGR during the forecast period. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “India Agricultural Pheromones Market, 2022-2029.”

The report predicts that over the coming years, the domestic market will show significant momentum for sustainable practices. It is anticipated that pheromone research and development will center on the agricultural region. Farmers should aim for sustainable crop production, which is good news for the future of the sector.

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COVID-19 Impact

Mixed Impact from the Pandemic Triggered Supply Chain Disruption

India’s food and agriculture sectors were significantly impacted by the coronavirus pandemic. There were noticeable disruptions in the supply chain even though the majority of agricultural inputs fall under the category of essential products. Concurrently, a stronger emphasis on digitalized supply chain models may accelerate the expansion of the area.

Segments

Type, Function, and Crop are Studied

In terms of type, the market is segmented into aggregation pheromones, sex pheromones, and others.

Based on function, the industry is segregated into mass trapping, detection & monitoring, and mating disruption.

With respect to crop, the market is fragmented into orchard crops, field crops, vegetables, and others.

Report Coverage

The research provides a thorough understanding of the market via the use of both quantitative and qualitative data. Significantly, numerous primary interviews with important suppliers and stakeholders have been carried out. Primary data has been gathered via questionnaires, phone calls, and emails. In addition, the study incorporates secondary sources such as official websites, press releases, and SEC filings. An executive summary, drivers, constraints, opportunities, and trends that potentially change the market dynamics are also included in the research.

Drivers and Restraints

Expanding Footfall of Integrated Pest Management (IPM) to Boost Market Growth

Pheromone trends are expected to be fueled by integrated pest management strategies, according to governments, businesses, and other stakeholders. India’s agricultural pheromones market share has increased as a result of the efficient way in which agricultural pheromones have emerged to limit crop damage. For example, between 2012 and 2018, the Indian government implemented pheromone technology in Ladakh, which is said to have decreased fruit damage by approximately 55%. Furthermore, there has been a paradigm shift due to the increased demand for fruits and vegetables. India’s Ministry of Agriculture reports that the country’s horticultural output reached approximately 329.86 million tons in 2020–21, an increase of 2.93% over the previous year. The demand for environmentally friendly crop protection techniques will support the corporate outlook amidst growing worries about food security.

Leading businesses striving to increase their market share in unexplored regions may face difficulties because to the skyrocketing production and maintenance expenses of pheromones.

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Regional Insights

Sustainability Trend and Flourishing Digitization to Boost Market Position

Adopting IPM principles has accelerated the trend toward sustainability, which stakeholders are ready to capitalize on. Sustainable farming may become the in thing given the current state of health and environmental issues. Throughout the projection period, the India agricultural pheromones market is expected to increase at a significant rate, mostly as a result of the expansion of the horticultural industry.

Sex pheromones will be in great demand due to their application in IPM techniques. Agricultural pheromone growth could be stimulated during the anticipated period by their non-toxic nature.

Stakeholders Prioritize Product Portfolio Expansion Gain Prominence

It is anticipated that top players will make investments in R&D, partnerships, product launches, and mergers and acquisitions. During the projection period, industry participants are probably going to highlight technical breakthroughs as a way to acquire traction.

Key Industry Developments

  • March 2021: Natco Pharma Ltd. announced plans to roll out its first Green Label Pheromone product to manage pink bollworm attacks on cotton crops.
  • March 2020: Scientists and researchers from JNCAR and Indian Council of Agricultural Research (ICAR) introduced a matrix-powder-like substance fueled with nano-enabled control release of pheromones.

Major Players Profiled in the Market Report:

  • Barrix Agro Sciences Pvt. Ltd. (Bangalore, India)
  • Russell IPM (Deeside, U.K.)
  • Pheromone Chemicals (Hyderabad, India)
  • ATGC Biotech Pvt. Ltd. (ISCA Global) (Hyderabad, India)
  • Agri Phero Solutionz (Hyderabad, India)
  • Jaydev Chemical Industries (Mumbai, India)
  • Green Revolutions (Kolhapur, India)
  • Gaiagen Technologies Pvt. Ltd. (Mumbai, India)
  • Rentokil PCI (Mumbai, India)
  • Provivi Inc. (Santa Monica, U.S.)

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