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Agricultural Pheromones Market Sustainability Implication Outlook by 2024

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BIS RSRCH
Agricultural Pheromones Market Sustainability Implication Outlook by 2024

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. Alarming concerns pertinent to the safety of chemical pesticides have let agricultural pheromones flourish in the commercial market, which is evident from the CAGR of 14.0% during the forecast period (2019-2024).

The major species of pests in which pheromone are commercially applied are codling moth, gypsy moth, and other types. The other type of pheromones includes the pheromones which are formulated for the treatment of pests such as peach twig borer, European grape berry moth, navel orange moth, and multiple other insect species. Pests such as peach twig borer infect some of the most valued crop, such as almond, across the globe and hence is valued comparatively higher than the other commercially available pheromones. Besides, pink bollworm also infects important crops such as cotton. In 2019, one of the major outbursts by pink bollworm was in the state of Maharashtra in India, where the cotton farmers were rattled continuously by the species. Cotton Association of India has taken measures with the inclusion of pheromones for an effective control of the pests.

During the time of discovery of agricultural pheromones, their primary use was the detection and monitoring of growing or prevailing pest species in crops. However, with the expansion of their application base, control and treatment has become one major application of pheromones. Apart from understanding the density of pest population, consumers currently showcase more interest in pest eradication techniques such as lure and kill, mating disruption, and mass trapping. Chemical pesticides and the adverse health disorders associated with them have helped the agricultural pheromones to be accepted as a lucrative alternative. Not only the slowing growth of chemical pesticides, but also the benefits which are offered to its consumers by agricultural pheromones such as species specificity have resulted in an efficient pest-eradicating technique with no effect on the environment. Control and treatment have been applied on almost every category of crops which are grown in almost all around the world such as fruit and vegetable crops. For example, the method is highly efficient in vegetables such as cabbage and tomato as well as fruits such as apple and peers.

Fruit crops are a variety of crops which are grown in almost all part of the world. These are also one of the highly traded crop varieties, making them more prone to transboundary pest infestations. The fruit manufacturers and processors across the globe face huge losses due to infestation either during the time of their cultivation or their storing, generally. Some of the major fruit-infecting pest categories include spotted crane flies which infect strawberry, common crane flies which infect hop and strawberry, fever flies and maggots infecting hop and strawberry crops in England and mainland Europe, plum fruit bud midges associated with prunus infestation. Not only the fruit crops but the nuts which are grown majorly in North America are being largely infested by pests. The problems related to the major infestation by the aforementioned pests leads the global agricultural authorities to increase the adoption of agricultural pheromones in such crops, majorly in almond, walnut and pistachios.

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The agricultural pheromones market is not yet a mainstream entity in the agricultural supply chain. The main reason for this is that the maximum production percentage of agricultural pheromones is concentrated in developed regions such as North America and Europe. Consequently, developing regions such as Asia-Pacific and Africa have to largely rely on foreign trade for the product. High tariffs and taxes have forced the suppliers to involve in business association with firms making chemical pesticides, since they are produced in across the globe. The companies producing agricultural pheromones should target a smooth flow of product across the supply chain with transparent specification of profit margins associated with the category. This ensures a smooth flow of agricultural pheromones in the agricultural commodities supply chain and is expected to affect the revenue generated through agricultural pheromones at the global level in the coming future.

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