Agricultural Pheromones Market to Witness Rising Demand by 2019-2024

Pheromones are volatile elements produced by a specific species outside of the body to interconnect with individuals of the same species and affect their behavior. For example, pheromones may signal sexual approachability or threat to some extent. Researchers all over the world have recognized and segregated a large number of natural pheromones, many of which are synthesized for being used in insect pest administration. The risk posed to human health due to a continued use of chemical pesticides has raised alarming fears. Hence, farmers and growers have begun to emphasize on the usage of naturally created products, thereby boosting the sales of agricultural pheromones.

Pheromones have been given an allowance by the U.S. Department of Agriculture (USDA), National Organic Program (NOA) for use in insect management, and many synthetic pheromones have been registered as pesticides by the U.S. Environmental Protection Agency (EPA).

Factors such as small amounts of pheromones bring able to manage larger pest populations when released into the environment make pheromones a preferable option from both the economic and environmental points of view. This has increased the acceptance of agricultural pheromones on a global level.

With high-tech modernizations and rising agricultural funds, the production of food has increased, but progress of yields has become a key aspect concerning the global food and agricultural authorities. The decline in yield of the crop produced is prompted by occurrence of pest species in crops, with no region across the globe exempted from effects of pest infestations. The challenge posed to crop manufacturers by plant pests is one of the key factors threatening the global food security. The pests have not only been confined to the regions of their origin, but transboundary pest invasion has also been achieving hazardous levels. Globalization, trade and weather change, as well as concentrated elasticity in production systems have also played important parts in crop damage.

Complementarily, the fears of pest infestation in crops come with ill effects of chemical pesticides usage in crops, which slow down their growth in the commercial marketplace. Chemical pesticides are found to be extremely toxic, which means that they can cause fatal effects even after a single dose, inhalation or skin contact. The health effects evident on exposure can be presented as respiratory tract irritation, sore throat and/or cough, allergic sensation, eye and skin irritation, nausea, vomiting, diarrhea, headache, loss of consciousness, extreme weakness, seizures, and/or death.

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The global agricultural pheromones market offers a huge opportunity for the companies either established in the market or planning to enter into the market. The agricultural pheromones market currently has an undefined supply chain structure with no clear specification of the links like suppliers and distributors and undefined profit percentages. This is the main reason for which suppliers and distributors do not consider agricultural pheromones a profitable category. However, defining the supply chain with a proper profit percentage allocation to each joint in the supply chain and keeping a continuous product flow within the supply chain will certainly help the companies to reach out to increased number of consumers and win a lucrative market share in the near future.